Investors compete with homebuyers in tight market
Homebuyers looking for a new spot to lay their head at night in Metro Detroit are competing for one of the limited number of houses for sale. But added to the mix: investors, who are also vying to buy homes from the same historically low pot. Their inverse goal: a spot for others to lay their heads…
Pandemic pets are a 'furry annuity,' says Petco CEO
NEW YORK (AP) — Yummy, a 12-year-old Labrador retriever, is in Petco's San Diego offices so much he has his own title. “We call him the chief dog officer,” says CEO Ron Coughlin, the real top dog at Petco, who brings Yummy to work every day.
Levi's CEO on changing sizes, inflation and voter rights
NEW YORK (AP) — As Americans start to go out and update their wardrobes, jeans giant Levi Strauss & Co. is enjoying a resurgence in denim. That has helped the company upgrade its fiscal first-half outlook and has pushed shares of Levi’s about 30% higher so far this year.
Michigan apple growers see threat of climate change crisis through spread of fire blight
Patrick and Sara McGuire have been growing apples since they were married 25 years ago. Their 150 acres in Ellsworth in northern Michigan— dubbed Royal Farms — are a mix of sweet apples and the bitter varieties suited for making hard cider.Last spring they put in a new crop of…
Chip shortage hits subprime lender Credit Acceptance as car loan volumes tumble
Amid its own internal tumult, coupled with unheard of external market conditions, Credit Acceptance Corp. has seen its loan volumes take a dive off the cliff.
The Southfield-based subprime auto lender (NASDA: CACC) disclosed in a regulatory filing this week that its May "Consumer Loan assignment…
Biden infrastructure plan endangered by dire U.S. shortages
The biggest threat to President Joe Biden's vision of energizing the U.S. economy with the largest infrastructure program in decades may not be its challenging path through Congress, but a dire shortage of everything from workers to cement mills.While weeks or months of negotiations will be needed…
'Second first home' buyers sail into New Buffalo
A beachfront house in New Buffalo will set a new benchmark for the Southwest Michigan town when its sale closes within a few days of Memorial Day. It will be the fourth home in New Buffalo to sell for $4 million or more in the past year.
That's a high-end sales rush New Buffalo hasn't…