U.S. pending home sales rise; Steelcase cuts 65 jobs in Grand Rapids
Here's a collection of the Metro Detroit, Michigan and national business news stories today:
Metro Detroit: • Detroit News: Ford to show off greener Edge • Detroit News: Toyota denies ignoring warnings, reveals pedal fixes • Detroit Free Press: Cooper-Standard files plan to emerge from Ch. 11 • Detroit Free Press: ArvinMeritor breaks even, focuses on truck market
Michigan: • Grand Rapids Press: Allegiant Airlines brings 60 jobs to Grand Rapids, adds nonstop service to Myrtle Beach, S.C. • Grand Rapids Press: Steelcase cuts 65 jobs at wood plant in Gaines Township; 85 more in jeopardy
U.S.: • Bloomberg.com: Pending Sales of Existing Homes in U.S. Increased 1% • USA Today: $30B in TARP funds to go to small-business lending • USA Today: Planes with maintenance problems have flown anyway