Detroit Business News
GM's white collar workers face deadline to consider buyout offer from automaker
General Motors Co. white collar workers who want to take a buyout have a noon deadline Friday. But they could end up waiting up until March 31 to know if GM will let them stay or go.For some, the last day of work could be as early as April 1. But some who...
Skeptical US lawmakers grill TikTok CEO over safety
Washington — U.S. lawmakers grilled the CEO of TikTok over data security and harmful content Thursday, responding skeptically during a tense committee hearing to his assurances that the hugely popular video-sharing app prioritizes user safety and should not be...
Ford warns of $3B loss on electric vehicle business for 2023
Ford Motor expects its electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026, the company said. The projected loss was revealed at a briefing for investors and analysts on Thursday to...
Dow stages big rebound as hopes of Fed rate-hike pause grow
Wall Street’s main indexes climbed on Thursday as major rate-sensitive technology and growth stocks advanced after the Federal Reserve hinted it was close to pausing interest rate hikes amid turbulence in the banking sector. The Dow Jones Industrial...
Bank of England raises interest rates to 4.25pc and warns of further pain
Among the nine members of the MPC, two strayed from the consensus. Doves Swati Dhingra and Silvana Tenreyro voted for rates to remain at 4pc.They argued that the full impact of previous rate rises was still filtering through and warned that over-tightening...
It’s not easy to keep remote teams connected. Here are 5 tricks to help bridge the distance
Leaders need long-term strategies to effectively manage remote and global teams. The last several years have turned the conventions of modern work upside down. From the remote work revolution to once-in-a-generation technological leaps, many leaders have...
Residents of 177-unit Oakland Co. building told to move out for renovations
Residents of a 177-unit apartment building in Madison Heights have been told to pack up and leave later this spring as the building's owner prepares to do renovations.The residents and ground-floor retail tenants of Concord Towers Apartments, 32600 Concord...
More banks will fail as interest rates rise, warns L&G chief – live updates
The Bank of England faces a "difficult balancing act" as it makes its next decision on interest rates at lunchtime, according to analysts.Its Monetary Policy Committee is likely to continue the quickest series of interest-rate increases in three decades to...
POV: Even if TikTok isn’t banned, the app you know and love is dead
If I can get my short-form videos from other data-harvesting, profit-driven, ad-cluttered platforms, why should I care about losing TikTok? TikTok’s long-simmering (and once-boiling) dispute with U.S. authorities may be coming to a head. The White House,...
Attorney Geoffrey Fieger suffers stroke, begins recovery
Prominent Michigan attorney Geoffrey Fieger, 72, had a stroke earlier this month and is now in active rehabilitation, his wife and a business associate said Wednesday.In a statement, Keenie Fieger said that her husband had an elective procedure March 1 for a...
Author Lainey Steadman
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