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Business Spotlight: Shinola
Business Spotlight Shinola Shinola is a Detroit-based company known for producing high-quality, American-made luxury goods. Founded in 2011, Shinola gained fame for its beautifully crafted
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Sun Holdings Acquires Bar Louie Amid Challenges
News Summary Dallas-based Sun Holdings has acquired casual dining chain Bar Louie following its Chapter 11 bankruptcy filing. This move comes just seven months after
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BUSINESS NEWS
Waymo Secures $16 Billion for Global Robotaxi Services
Detroit, MI, February 3, 2026 Waymo has successfully raised $16 billion in a recent funding round, elevating its valuation to $126 billion. This investment positions Waymo to significantly expand its robotaxi...
Ford Declares First-Quarter Dividend Amid EV Transition
Dearborn, Michigan, February 3, 2026 Ford Motor Company has declared a first-quarter dividend of $0.15 per share on its outstanding stock. This move reflects Ford’s commitment to shareholder value as it...
First Independence Bank Acquires Assets of Metropolitan Capital Bank
Chicago, Illinois, February 3, 2026 First Independence Bank, based in Detroit, has acquired the deposits and most assets of Metropolitan Capital Bank & Trust following its closure by regulators due to...
Fifth Third Bancorp-Merger Sparks Consideration for Comerica Park’s Name Change
Detroit, Michigan, February 3, 2026 Following Fifth Third Bancorp’s acquisition of Comerica Incorporated, discussions are underway regarding a potential name change for Comerica Park. While no immediate changes are planned for...
Detroit Seeks Startup Founders for Second Round of Municipal Seed Grants
Detroit, Michigan, February 3, 2026 The City of Detroit is now accepting applications for its second round of municipal seed grants to support early-stage startups and drive innovation. This initiative includes...
Big Sean and Usher Launch Detroit Entertainment Innovation Incubator
Detroit, Michigan, February 3, 2026 Big Sean and Usher have introduced the Detroit Entertainment Innovation Incubator, aimed at empowering local youth in creative industries. Set to launch in February 2026, the...
BMG in Talks to Acquire Concord for $7 Billion
Detroit, February 3, 2026 Bertelsmann Music Group (BMG) is reportedly negotiating to acquire Concord, a major music company owned by the Michigan State Retirement Systems, for around $7 billion. This acquisition...
Successful Detroit RV & Camping Show Concludes
Novi, Michigan, February 3, 2026 The Detroit RV & Camping Show showcased 385 vehicles at the Vibe Credit Union Showplace in Novi, attracting significant attendance and leading to impressive sales. The...
Detroit Evaluates New Entertainment and Sales Taxes for Revenue Boost
Detroit, February 3, 2026 Detroit is considering the introduction of new entertainment and sales taxes as part of an effort to boost city revenue. The proposed taxes could generate substantial income,...