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Fiat interested in raising its stake in Chrysler

Chrysler CEO Sergio Marchionne visited the plant in Belvidere, Illinois for the launch of the Dodge Dart. He told reporters that there is a better than 50 %

New Snyder appointment to Detroit finance panel

Gov. Rick Snyder has named auto industry consultant and ex-Ford Motor Co. vice president Ronald Goldsberry to a panel that will oversee Detroit's efforts to

Facebook launches iPhone camera app

Facebook's rocky initial public offering hasn't stopped life at the world's biggest online social network. On Thursday, the company unveiled a camera app for

Detroit Public Schools selling 20 vacant schools

The Detroit Public School district is looking to sell 20 different properties.

Explosion at power plant coal bunker injures 1

DTE Energy Co. says an explosion in a coal bunker at its St. Clair Power Plant left one worker with a minor injury and caused minor damage at the facility.

Chrysler recalls Jeep Wranglers for fire risk

Chrysler is recalling nearly 87,000 2010 Jeep Wranglers because they can catch fire.

River Ranch Fresh Foods is recalling bagged salad because it may be…

River Ranch Fresh Foods is recalling bagged salad because it may be contaminated with listeria.

Facebook stock debut fails to sizzle

It was barely a "like" and definitely not a "love" from Facebook investors as the online social network's stock failed to live up to the hype in its trading

Facebook's IPO to be among world's largest

Facebook is trading up 8 percent Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural

The White House organizes Cobo Center forum, aims to help small businesses…

Helping small businesses grow to revive the economy! That was the focus of a White House economic forum held at Cobo Center Thursday.

Steel innovations help manufacturers meet tougher fuel economy rules

As the auto manufacturers are racing to meet the new corporate average fuel economy standards, engineers are racing to find ways to make vehicles lighter but

Warren Buffett betting big on General Motors

Warren Buffett discloses that he has purchased 10 million shares of General Motors.

General Motors hiring 600 workers for second shift at Lansing Grand River Plant

The new Cadillac ATS is driving 600 new jobs at the Lansing Grand River Plant.

Days before Facebook IPO, GM confirms it will stop buying ads on the social…

General Motors tells 7 Action News that the automaker will no longer pay to advertise on Facebook.

Detroit gathering focuses on urban entrepreneurs

The White House is planning a gathering in Detroit that's focused on helping urban entrepreneurs.

JPMorgan chief investment officer leaving after $2B blunder

JPMorgan Chase says its chief investment officer is retiring after a $2 billion trading blunder.

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