detnews.com - Business

Being jobless today tougher than it used to be

Sun, 08 Nov 2009 01:00:00 EST

Washington -- It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.

Retail hiring slump lingers

Sat, 07 Nov 2009 01:00:00 EST

It's unlikely that teenagers, college students home for the holidays or Michigan's unemployed will have much luck snagging a job folding shirts or stocking shelves this holiday season.

Ruling a blow to Blue Cross rate hike plan

Sat, 07 Nov 2009 15:12:00 EST

Michigan Blue Cross Blue Shield's bid for a 31 percent rate hike for supplemental Medicare insurance hit a road block Friday.

Jobless bill adds 20 weeks unemployment pay in Michigan

Sat, 07 Nov 2009 01:00:00 EST

Washington -- President Barack Obama said new figures released Friday showing the national unemployment has hit the double-digit mark -- 10.2 percent -- are a sobering reminder of the challenges still facing the U.S. economy.

Cutting 800 jobs will help Michigan, Pulte says

Sat, 07 Nov 2009 01:00:00 EST

Bloomfield Hills-based Pulte Homes Inc. says its plan to cut 800 jobs will actually benefit Michigan.

Business briefs

Sat, 07 Nov 2009 01:00:00 EST

Bank regulators seized and sold Detroit's Home Federal Savings Bank on Friday night, arranging for Liberty Bank and Trust Co. of New Orleans to assume all of the deposits. Home Federal had two branches, and both will reopen during their normal business hours as branches of Liberty Bank and Trust. An announcement from the FDIC said Home Federal depositors can access their money over the weekend by writing checks. Home Federal is the third Michigan bank to be seized and sold this year, according to FDIC records.

Home Federal Savings Bank third to fail in Michigan this year

Fri, 06 Nov 2009 20:42:00 EST

Bank regulators seized and sold Detroit's Home Federal Savings Bank on Friday night, arranging for Liberty Bank and Trust Co. of New Orleans to assume all of the deposits.

Borders to close 200 Waldenbooks

Fri, 06 Nov 2009 01:00:00 EST

Ann Arbor-based Borders Group Inc. will close 200 of its Waldenbooks stores nationwide, including six in Michigan, as part of an initiative to bolster the embattled bookseller.

U.S. jobless rate tops 10% for first time since 1983

Fri, 06 Nov 2009 10:32:00 EST

Washington -- The unemployment rate has surpassed 10 percent for the first time since 1983 -- and is likely to go higher.

New 'Ratchet & Clank' sticks with winning formula

Fri, 06 Nov 2009 01:00:00 EST

'Ratchet & Clank: A Crack in Time' and 'Forza Motorsport 3' are top games in their class among recent releases.