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Business News

Xi, Carney try to rebuild China-Canada relations

GYEONGJU, South Korea (AP) — The leaders of China and Canada took a step toward mending the long-fractured ties between their countries on Friday. Chinese President Xi Jinping and Canadian Prime Minister Mark Carney, meeting in South Korea during an Asia-Pacific summit, called for improving ...

GM lays off 1,700 workers amid slower EV demand

NEW YORK (AP) — General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio, as the auto giant adjusts to slowing demand for electric vehicles. The Detroit News first reported the cuts on Wednesday — covering about 1,200 jobs at an all-electric plant in ...

Hardwood Ridge: Family brand sells to hunters nationally

CARNEY — A family business based in the heart of the Upper Peninsula this year has released a new line of deer feed blocks. The products, made right in Carney, are full of natural ingredients and minerals, and the brand strives to emulate Yooper values and provide people with quality items ...

Bay de Noc Great Lakes Sports Fishermen honored with award

ESCANABA — Some efforts make a splash; others send ripples that carry on for generations. That spirit was celebrated at the Delta Chamber of Commerce’s annual dinner Oct. 9, where Visit Escanaba presented the Ripple Effect Award to the Bay de Noc Great Lakes Sports Fishermen for their ...

Wall Street hits records after an encouraging update on inflation

NEW YORK (AP) — U.S. stocks hit records Friday after an update on inflation came in a bit less painful than feared. The S&P 500 rose 0.8% and topped its prior all-time high, which was set earlier this month. The Dow Jones Industrial Average rallied 472 points, or 1%, and the Nasdaq ...

Michigan terminates plans for controversial EV battery plant

LANSING, Mich. (AP) — Michigan is demanding millions of dollars in incentives back from a Chinese company after plans to build an electric vehicle battery plant collapsed following years of pushback against the project from neighbors and members of Congress. Democratic Gov. Gretchen Whitmer ...