Detroit Real Estate Value Drops Below Tiny Ann Arbor
The value of all the real estate in Ann Arbor, the home of the University of Michigan, is greater than all the real estate in Detroit, according to a study by Bridge Magazine.
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Douglas A. McIntyre
Will Tronc Vice Chairman Offer $18 a Share?
Will Tronc Vice Chairman Patrick Soon-Shiong may make a bid for the entire company? He would have to match the $18 or so price per share offered by Gannett.
Wave of New BMW and Mercedes Models Threatens Lincoln and Cadillac
BMW has the financial wherewithal to launch "40 variants" to its model line. Those are 40 new options that luxury car buyers will have from just one company, which is one of the world's…
Sears Management Says It May Not Survive
Usually buried in the small print of some troubled public companies is the phrase "substantial doubt exists related to the Company's ability to continue as a going concern." Recently that company was Sears.
More Cost Cuts Likely For Newspaper Industry–Moody’s
The traditional newspaper business in the U.S. will continue its decline, according to Moody’s Investor Services. One of the few points of relief will be the ability to cut costs. Moody’s believes this is…
Tesla Owners Love Their Cars, Despite Many Flaws
Flaws, mechanical problems and software glitches have little influence on whether Tesla owners love their cars, according to the latest data.
JetBlue Drops Prices as Low as $44
JetBlue is having a sale for spring travelers. On some routes, one-way tickets are as low as $44.
The $40 iPhone 8
The priciest iPhone 8 will be available to consumers, but most are likely to opt for wireless plans that bring the price down to a fraction of that.
Retail Stocks Fall Apart as Kohl’s, Macy’s and Gap Sell Off
Retailer shares have been unable to fully stabilize after sell-offs that accompanied their earnings for the 2016 holiday period.
Tronc Vice Chair Soon-Shiong to Leave Board
Tronc's Vice Chairman Patrick Soon-Shiong will not stand for reelection. He is the company's second largest shareholder.
‘Beauty and the Beast’ Opens With $170 Million in Ticket Sales
"Beauty and the Beast" broke several ticket sales records as it opened with box office of $170 million. No other movie has posted numbers this large in March.
Spring Travel Season to Drive 145 Million Fliers
From the start of March to the end of April, there will be 145 million fliers on America's airlines to destinations around the world.
Uber President Resigns — Reuters
Troubled ride-sharing service Uber lost its president, a former executive from Target. Jeff Jones has quit.
Apple Market Cap Nearly Three Quarters Of $1 Trillion
Apple is likely to be worth three-quarters of $1 trillion within the next several weeks, if not days.
How Much Does Germany, Second Largest Financial Supporter of NATO, Owe?
The Trump administration says Germany does not pay its fair share, but how much is that?
Chinese Car Company Prepares Tesla Killer
One more company believes it can beat Tesla at the luxury electric car business. But Tesla not only has the lead in that business, it also as a bank roll.
Snap Market Cap Only Double Twitter’s
The insult of the drop in Snap shares to its supporters has increased as more and more analysts downgrade the stock.
Verizon Highest Yielding Dow Stock, With 4.6% Payout
Verizon Communications may no longer be a growth company, but it has mitigated investor risk that its revenue expansion will slow via the highest payout among all 30 Dow Jones Industrial Average components.
JC Penney Stock Plunges 84% in 5 Years
How badly off is J.C. Penney, at least in the eyes of Wall Street? Shares are down 84% in five years to just under $6. Over the same period, the S&P 500 is up…
Burned Down Texas House on Sale for $150,000
A four-bedroom house in McKinney, Texas, is for sale for only $150,000. The problem with the home is that it is almost entirely burned down.