WOOD TV

Over third of US Saab dealers to close

Sat, 14 Nov 2009 21:04:08 GMT

GM has sent letters to 81 Saab dealers notifying them they will be expected to terminate their dealerships when the sale closes around the end of November. Fox Saab of Grand Rapids did not receive a termination letter.

Ford workers reject contract changes

Sat, 31 Oct 2009 17:13:29 GMT

Ford Motor Co. workers have overwhelmingly rejected contract changes that would have allowed the automaker to cut its labor costs.

Dealers to get 'Clunkers' money by 9/30

Thu, 03 Sep 2009 16:11:08 GMT

The government has approved $500 million in reimbursements to car dealers for sales under the Cash for Clunkers program and dealers should be paid by late September, officials said Thursday.

Cessna Aircraft plans 1,300 new layoffs

Fri, 12 Jun 2009 15:54:34 GMT

The cuts mean the company will have slashed its work force in half since the recession began. The recession has hurt demand for corporate jets.

Tuscan Express forced to shut down

Sat, 06 Jun 2009 02:42:20 GMT

The Tuscan Express was forced to shut down after a seizure notice was posted on its door for unpaid local taxes.

GM bondholders accept exchange offer

Sun, 31 May 2009 16:28:12 GMT

More than 50 percent of General Motors Corp. bondholders said Sunday they would support a sweetened deal to swap the company's $27 billion debt for stock in a restructured, leaner GM.

6 local companies expand, add 685 jobs

Tony Tagliavia — Tue, 19 May 2009 14:04:07 GMT

Six West Michigan companies are adding 685 companies to the area after receiving tax breaks from the state.

State working on employee furlough plan

Fri, 15 May 2009 20:01:37 GMT

The state of Michigan still is trying to determine exactly how it will schedule furlough days for roughly 38,000 of its employees.

Asian markets tumble amid consumer fear

Thu, 14 May 2009 05:17:59 GMT

Asian stock markets tumbled Thursday as signs of distress among U.S. consumers dashed hopes for a faster end to the worst global economic slump in generations.

Mercantile Bank closing 2 offices

Fri, 08 May 2009 15:38:35 GMT

The Grand Rapids-based company will close its Novi and Ann Arbor banking offices by mid-August.

Kellogg 1Q profit climbs

Thu, 30 Apr 2009 18:14:39 GMT

Kellogg Co. said Thursday that cutting costs helped its profit climb 2 percent in the first quarter even as sales declined. Shares climbed more than 9 percent in early trading.

Chrysler-Fiat deal set, bankruptcy near

Thu, 30 Apr 2009 16:00:14 GMT

President Barack Obama says he supports Chrysler's decision to seek bankruptcy protection and that its looming partnership with Fiat will save one of America's most storied automakers.

GM CEO softens opposition to bankruptcy

Sun, 05 Apr 2009 17:37:22 GMT

Residents in the Creston Neighborhood As

Marc Thompson — Wed, 01 Apr 2009 01:39:09 GMT

Residents in the Creston Neighborhood Association call him West Michigan's Bernie Madoff.

But to hear Peter Stieler's side, he says it was the economy that forced him under.

Hummer's fate to be decided by Tuesday

Mon, 30 Mar 2009 01:04:21 GMT

General Motors Corp. says it will decide by Tuesday whether to sell or dispose of its iconic Hummer brand.

New investors for River House?

Suzanne Geha — Wed, 25 Mar 2009 21:08:35 GMT

As the number of lawsuits increases, the developer says the project is drawing interest.

Blue Cross Blue Shield posts $144M loss

Mon, 02 Mar 2009 22:49:56 GMT

The state's largest health insurer said Monday most of its losses were because of policies sold to individuals who aren't insured by their employers.

Muskegon paper company to lay off 190

Mon, 02 Mar 2009 17:35:29 GMT

Sappi Paper is shutting down for at least six months beginning April 1, a move that will affect 190 workers.

Gift checks to bounce, company bankrupt

Emily Zangaro — Sat, 28 Feb 2009 02:40:08 GMT

Local chambers of commerce are scrambling to find a solution to gift checks that are now worthless.

No more dimes in GR-made jukeboxes

Joe LaFurgey — Fri, 27 Feb 2009 23:32:24 GMT

From the days of the 78 rpm wax disc to digital downloads, the jukebox evolved in Grand Rapids. And like the music they play, the style of the players reflects the time they were built.

Entrepreneurs in the Economic Emergency

Emily Zangaro — Fri, 27 Feb 2009 03:18:25 GMT

The sign is not up but the Winchester has been open for about a month now.

Even with a struggling economy the owners seem to have found their niche.

Instead of a job, woman gets scammed

Jessica Leffler — Fri, 27 Feb 2009 02:45:56 GMT

It's a scam many of us have heard about, but with a new twist.

A Wyoming woman says she was contacted to be a secret shopper, the company would send her a check, then she would send them a money gram for a portion of the check.

100+ jukebox jobs lost to Mexico

Fri, 27 Feb 2009 02:09:54 GMT

A digital jukebox maker is planning to move its production facilty to Mexico.

An estimated 100-plus Rowe International employees will be affected by the move. They were told Thursday.

Vote clears way for Meijer wind power

Fri, 27 Feb 2009 01:16:11 GMT

Local zoning officials have given retailer Meijer Inc. a green light to install wind turbines that would produce electricity for its corporate offices and at least two southwestern Michigan stores.

Some Allegan Haworth jobs move to Miss.

Thu, 26 Feb 2009 22:19:19 GMT

Some of the jobs Haworth Inc. announced it was cutting in December are landing at a subsidiary's plant in Bruce, Miss.

Tiara Yachts temporarily laying off 300

Thu, 26 Feb 2009 03:42:38 GMT

Tiara Yachts in Holland is temporarily laying off 300 employees. This, after letting go the same number of workers in 2008.

Caledonia's HTI adding jobs in Kentwood

Wed, 25 Feb 2009 00:40:10 GMT

Roskam Baking Co. adding 160 jobs

Wed, 25 Feb 2009 00:27:30 GMT

Kentwood Mayor Richard Root told 24 Hour News 8 Roskam Baking Co. is expanding its operations, resulting in the addition of 160 new jobs.

Mooove over Delphi, new plans for plant

Larry Figurski — Tue, 24 Feb 2009 21:46:16 GMT

More than three years after Delphi filed for bankruptcy protection and nearly two years after the Coopersville plant closed its doors for good, new jobs and a new multi-million dollar building may soon be coming to town.

Manufacturing start-up bucks trend

Tony Tagliavia — Sat, 21 Feb 2009 04:45:20 GMT

West Michigan entrepreneur Gary Weaver says the economy may be sick, "but it's not dead."