Metals and plastics company NN to buy supplier Autocam in $300 million deal
A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.
Donor database: Detroit mayoral race attracted big-time Super PAC money for Mike Duggan
Detroit mayoral write-in candidate Mike Duggan takes the stage to talk with excited supporters after favorable primary election results during a party at the Atheneum Hotel in Detroit on Aug. 6, 2013.
Wed Jul 16, 2014
Crain's Detroit Business
Penske Automotive hikes cash dividend again
Penske has boosted its quarterly cash dividend regularly since May 2011, when it reinstated payouts -- at 7 cents a share -- following the auto industry's sales collapse.
Museum raises $80M toward Detroit bankruptcy deal
The Honorable Chief Judge Gerald E. Rosen, U.S. Eastern District Court, speaks to representatives from various Michigan corporations and individuals attending a press conference at the Detroit Institute of Arts in Detroit, Mich., Wednesday, July 16, 2014 .
Companies, Foundations Pledge $26.8M To Save Art At DIA
A handful of business are pledging almost $27 million toward the Detroit Institute of Arts' commitment to raise $100 million as part of a "grand bargain" that will help the city emerge from bankruptcy, support pensioners and protect the museum's art collection for the public.
Museum announces more donors in Detroit bankruptcy
The Detroit Institute of Arts says it is just 20 percent shy of its goal to raise $100 million to prevent the sale of art in Detroit's bankruptcy and help city pensioners.
Penske Automotive Increases Dividend
The increase in the dividend reflects our commitment to increasing returns for shareholders and reinforces the continued confidence we have in the strength of the auto retail market and our ability to continue growing our overall business."
Mon Jul 14, 2014
Business leaders plan invitation-only homecoming to lure back Detroit 'expatriates'
Come back. That's what some movers and shakers in the Detroit business and philanthropic communities plan to tell prominent professionals who were born in Detroit or attended school in the region but have since left at a Detroit Homecoming event planned for September.
Sun Jul 13, 2014
MIKE ROSSThe Nantucket housing game
According to reports from witnesses, after a night of drinking, Jay, the youngest son of automobile racing magnate Roger Penske, urinated on a woman passerby, bolted with his brother toward the Nantucket Yacht Club, broke into an employee apartment, then fled the scene before being apprehended by police.
Wed Jul 09, 2014
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Penske Logistics to close site servicing Ford
Penske Logistics, the lead logistics provider for Ford Motor Co. in North America, plans to shut down its Riverview, Mich., site by Sept.
Detroit Free Press
Unionized Penske workers can keep jobs but switch employers
About 160 unionized Penske Logisitcs truck drivers and warehouse workers will switch employers, but keep their jobs after Ford chose a different logistics supplier.
Tue Jul 08, 2014
Diesel Technician/Mechanic II
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