Michigan News Updates

Hotel battle heats up: China’s Anbang raises offer for Starwood to $13.9B

The jockeying for Starwood Hotels & Resorts Worldwide continues. A group of investors, led by Chinese insurer Anbang, has raised its offer to buy the hotel operator to about $13.9

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China takes control of global silver prices

China has been an unofficial price-setter for most metals over the past decade. And this week, the country became an official participant in setting prices for one of the world’s

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Apple-FBI duel is playing big at SXSW

From President Obama’s answer to a question on the topic following his keynote speech Friday, to an excoriated rebuke from U.S. Rep. Darrell Issa (R-Calif.) today, the privacy-vs.-national security debate

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Deutsche Bank cuts bonuses 17%, cites ‘challenging’ times

Deutsche Bank cut bonuses 17% last year, citing a “challenging” 2015. The bank also warned that 2016 is off to a rocky start due to continued financial volatility. The German

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2016′s winner might shock you

Wall Street appears to have regained its mojo, with stocks in one month going from the brink of a bear market to their highest point this year. But that’s not

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Iran slowly increasing its oil market share

Iran is expected to raise the April Official Selling Price (OSP) of its flagship light crude oil to Asia to 25 cents above the Saudi’s similarly graded Arab light. This

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Nasdaq to acquire options exchange operator ISE for $1.1B

Nasdaq (NDAQ) has agreed to a $1.1 billion acquisition of International Securities Exchange, the Deutsche Börse Group-owned operator of three

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ECB effect: Dow, S&P 500 flat as Nasdaq slips 0.3%

U.S. stocks gave up early gains Thursday as investors digested an array of fresh stimulus measures from the European Central

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Judge tosses lawsuits against BP over drilling ban

In a decision that likely saves oil company BP billions of dollars, a federal district judge has dismissed hundreds of

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Qatar Airways announces new world’s longest flight

Qatar Airways formally announced plans for nonstop service between Doha, Qatar, and Auckland, New Zealand. The route would become the

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Deutsche Bank and UBS lose tax bonus case

Britain’s top court on Wednesday ruled against Deutsche Bank and UBS in a long-running case over taxes on bonuses that

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Stocks slightly higher after one-day sell-off

On a day the Dow and Wall Street are celebrating the bull market’s seventh birthday, oil prices are rebounding and

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7-year bull makes investors $16T richer!

The bull market celebrates its seventh birthday today. Here’s the real accomplishment, though: Putting $16 trillion into the pockets of

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Epic bear market preceded aging bull

Before lighting a candle on the bull market’s seventh birthday today, how about a quick glance back at what things

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