Business & Economics :: Trade

Tigers trade market seems stagnant, could pick up soon as deadline nears

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Tigers trade market seems stagnant, could pick up soon as deadline nears


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CEO: Online shopping doomed Gibraltar trade center

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CEO: Online shopping doomed Gibraltar trade center


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Snyder heads to Europe in bid to boost trade, lure business

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Snyder heads to Europe in bid to boost trade, lure business


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Farms caught in Canadian trade dispute find buyers for their milk

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Farms caught in Canadian trade dispute find buyers for their milk


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Lions GM Bob Quinn: Trade talk never got 'too, too serious' in Round 1

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Lions GM Bob Quinn: Trade talk never got 'too, too serious' in Round 1


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FACT CHECK: Clinton's selective history on trade

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FACT CHECK: Clinton's selective history on trade


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Home / Michigan / Business / Trade
US current account deficit hits $123.1B
Washington — The deficit in the broadest measure of U.S. trade rose to the highest level in more than eight years this spring, reflecting in part a drop in fines and penalties paid by foreign companies. The deficit in the current account increased to $123.1 billion, up 8.5 percent from an imbalance of $113.5 billion in the first quarter, the Commerce Department reported Tuesday   Read More ...
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Tags: Trade | 
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Macy’s trims holiday hires by nearly 4%
New York — Macy’s is increasing the number of temporary workers it’s hiring for distribution and warehouses for the holiday season as it chases fast growing e-commerce sales. But overall holiday hiring will fall nearly 4 percent. Macy’s says it will be hiring 18,000 workers to fulfill online orders and other tasks at warehouses devoted to e-commerce operations. That’s an increase of 3,000 from a year ago   Read More ...
Categories: Business |  Travel & Recreation | 
Tags: Trade |  Leisure |  Holidays | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
Court keeps money manager’s insider trading conviction
New York — The conviction of an Ivy League-educated ex-portfolio manager accused of engineering the most lucrative insider trading scheme of all time while working for billionaire Steven A. Cohen was upheld Wednesday by a divided federal appeals court. The 2nd U.S. Circuit Court of Appeals voted 2-to-1 to let stand the 2014 conviction of Mathew Martoma. Prosecutors say the 43-year-old Boca Raton, Florida, resident earned over a quarter-billion dollars illegally by cozying up to a University of Michigan Medical School professor with access as one of the world’s top Alzheimer’s experts to the secret results of pioneering drug tests   Read More ...
Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
Tigers trade market seems stagnant, could pick up soon as deadline nears
Tigers rightfielder J.D. Martinez reacts to being dealt to the Diamondbacks, says Detroit is home to him. Recorded July 18, 2017 in Kansas City. Anthony Fenech, Detroit Free Press. It would seem the likes of Justin Wilson, Alex Avila and Justin Verlander are most likely to move, but nothing seems imminent The levee is about to break. And when it does – when the first domino of the final 48 hours of the trade deadline falls – the Detroit Tigers will then see a clearer picture of what they will be able to do   Read More ...
Categories: Business | 
Tags: Markets |  Trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Detroit | 
Snyder to lead 7th trade mission to China
Buy Photo. Gov. Rick Snyder said Friday he will lead a nine-day trade mission to China next month. Snyder said the trip will focus on promoting job-creating business growth, attracting investment in Michigan and pushing the state as a tourist destination. The trade mission is the Snyder administration’s seventh to China. “We have built strong relationships in China since our first mission in 2011," the governor said in a statement   Read More ...
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Tags: Trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
Detroit Tigers could consider eating part of Justin Verlander's contract in trade talks
Free Press sports writers Anthony Fenech and George Sipple react to the Tigers' trade of J.D. Martinez, and agree they made out about as expected with Martinez set to hit free agency this winter. Recorded July 18, 2017. Detroit Free Press. That said, it's still unlikely Justin Verlander will be dealt given the rest of his contract and his performance this season Justin Verlander made his third-to-last start before the trade deadline Wednesday night in Kansas City   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Trade |  Contracts |  Trade negotiations | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
Trade talk heats up for Tigers’ J.D. Martinez
It’s two weeks until the trade deadline on July 31, and more reports are beginning to pop up about the Detroit Tigers’ hottest trade commodity, outfielder J.D. Martinez. The Cardinals, Dodgers and Royals are in the lead for the Tigers slugger, according to Nick Carfado of The Boston Globe. The Dodgers also have been mentioned in reports surrounding Tigers closer Justin Wilson and starter Justin Verlander   Read More ...
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Tags: Trade |  Trade negotiations | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Detroit |  Wayne | 
Column: Make NAFTA work for Michigan
Working people in Michigan have the skills to compete with anyone in the world, but we need a level playing field. Pro-corporate trade deals like the North American Free Trade Agreement have been a total trainwreck for Michigan, destroying tens of thousands of good-paying jobs. We need to rewrite NAFTA the right way — making it easier to export Michigan products instead of Michigan jobs   Read More ...
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Tags: Trade | 
Places: North America |  United States |  Midwest |  East |  Michigan | 
Pistons relieve financial pressure by adding Bradley, shedding KCP
Vince Ellis and Chris Thomas of the Free Press went on Facebook Live to dissect the Pistons' trade with the Celtics for Avery Bradley, and decision to let Kentavious Caldwell-Pope leave, July 7, 2017. Vince Ellis, Detroit Free Press. When the Detroit Pistons eventually introduce Avery Bradley, the focus will be on bringing aboard one of the best two-way players in the NBA   Read More ...
Categories: Business | 
Tags: Finance |  Trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Detroit |  Wayne | 
Justin Verlander being realistic about trade speculation
DETROIT (AP) — Justin Verlander is a rarity in baseball these days — a veteran in his 13th season who has played for only one franchise. His future in Detroit, once so secure, has become increasingly uncertain. "Even though I think of this organization as family, you always know that there is that underlying business tone," Verlander said. "This isn't just kind of happy go lucky   Read More ...
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Tags: Trade | 
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CEO: Online shopping doomed Gibraltar trade center
The rise of online shopping doomed the Gibraltar Trade Center in Mount Clemens, which is closing next month after decades in business, according to the company’s top official. “The biggest factor when deciding to close was looking at market sales,” said President and CEO Bob Koester. “The impact of online sales on small brick-and-mortar businesses is substantial. Declining revenue and sales are forecast to continue to accelerate in the years to come   Read More ...
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Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Macomb |  Mount Clemens | 
Gibraltar Trade Center in Mt. Clemens to close in August
The 600,000-square-foot Gibraltar Trade Center in Mt. Clemens is closing later this summer after 37 years in business. The public market which has vendors who sell everything from toys to guns to rugs to clothing made the announcement on its website. Aug. 27 is the scheduled closure date. The property in Macomb County has been sold. President and Chief Executive Bob Koester says “the impact of online sales on small brick and mortar businesses is substantial” and that “declining revenue and sales are forecast to continue to accelerate in the years to come   Read More ...
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Tags: Trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Macomb | 
Snyder heads to Europe in bid to boost trade, lure business
LANSING, Mich. - Gov. Rick Snyder is using a trade trip to Europe to boost trade relationships and lure businesses to Michigan. Snyder will travel to several countries to meet with government, automotive and other business leaders to show what types of opportunities Michigan can offer. His weeklong jaunt starts Saturday and takes him to France, Germany and Italy. The Republican governor touts the state's leadership in automotive research and design on such trips   Read More ...
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Tags: Trade | 
Places: Americas |  North America |  United States |  Europe |  Midwest |  East |  Michigan |  Ingham |  Lansing | 
Farms caught in Canadian trade dispute find buyers for their milk
MILWAUKEE — Just days before they might have had to close, most of the Wisconsin dairy farms caught up in a trade dispute with Canada have found buyers for their milk, enabling them to stay in business. At risk had been some 58 farms ranging in size from 80 to 3,000 cows. Grassland Dairy Products of Greenwood, Wis., said it would stop buying from the farms effective Monday because it lost millions of dollars when Canada changed its milk-buying practices to favor Canadian farmers at the expense of U   Read More ...
Categories: Farming |  Business | 
Tags: Farms |  Dairy farming |  Trade |  Milk |  Trade disputes |  Dairy farms | 
Places: Americas |  North America |  United States |  Canada |  Midwest |  East |  Michigan |  Wisconsin |  Milwaukee | 
Lions GM Bob Quinn: Trade talk never got 'too, too serious' in Round 1
Free Press sports writers Dave Birkett and Brian Manzullo look ahead to Rounds 2 and 3 of the NFL draft in Philadelphia. Quinn has yet to make a draft day trade as Lions general manager PHILADELPHIA -- Bob Quinn has been through eight rounds in two different NFL drafts and made 11 picks as Detroit Lions general manager, and he's yet to consummate a draft-day trade   Read More ...
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Tags: Trade |  Trade negotiations | 
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Are you so hot you have to buy cooling underwear?
Good news for hot guys and gals: Duluth Trading Co, — the quirky rugged wear retailer that sells its own brand of cooling underwear — is to open its first Michigan store next month in Macomb Township. Related: Set to open at 9 a.m. April 6 and located at 18493 Hall Rd., the store will celebrate its arrival in metro Detroit with on-site demonstrations by lumberjacks who will throw axes and practice the art of chainsaw carving   Read More ...
Categories: Business | 
Tags: Markets |  Trade |  Consumers |  Shopping | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
Labor Voices: Trade deal should help workers
Buy Photo. Michigan has seen firsthand the terrible damage trade deals like the North American Free Trade Agreement (NAFTA) have brought to this country. Nearly 200,000 manufacturing jobs have been lost in the state since the deal took effect, and it is estimated NAFTA has cost the U.S. more than 700,000 jobs overall as of 2013. That is unacceptable, but not surprising given the $173 billion trade deficit this country   Read More ...
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Tags: Trade |  Trade deals | 
Places: North America |  United States |  Midwest |  East |  Michigan | 
Detroit Red Wings' Brendan Smith tries to put trade talk out of mind
Detroit Red Wings coach Jeff Blashill and defenseman Brendan Smith talk to reporters Tuesday, Feb. 21, 2017, at Joe Louis Arena. Video by Helene St. James, DFP Videolicious. Brendan Smith is taking the Thomas Vanek approach: He’d prefer to stay but understands the NHL is a business. After Tuesday night's game against the Islanders at Joe Louis Arena, the Detroit Red Wings have a five-day bye, courtesy of the   Read More ...
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Tags: Trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Detroit |  Wayne | 
Red Wings’ Smith can’t avoid swirling trade rumors
Red Wings defenseman Brendan Smith talks about being in trade rumors heading into the open week. Ted Kulfan, The Detroit News. “I try to stay away from it, but it’s hard not to see it sometimes,” said Smith, the Red Wings defenseman who is likely to be traded in the next week if general manager Ken Holland decides to become a seller at the deadline. Smith is an unrestricted free   Read More ...
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Tags: Trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Detroit |  Wayne | 
Officials: Commerce Twp. man arrested in wife’s death
Buy Photo. An autopsy is scheduled Tuesday for the 38-year-old woman, allegedly attacked during an apparent domestic argument about 9:40 p.m. Monday in their home in the 1700 block of Applebrook Drive, near Sleeth and Commerce roads. The suspect, who has not been charged, is believed to have then stabbed himself in the abdomen, according to a preliminary investigation by the Oakland County Sheriff’s Office. Three children, aged 12, 10,   Read More ...
Categories: Business |  Society & Culture | 
Tags: Trade |  Death & Dying |  Murders | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Oakland | 
Why Democrats are losing trade story
Story highlights On Tuesday, Ford announces it will shift jobs intended for a now-canceled Mexican plant back to Michigan Dustin McKissen: With this announcement, Democrats risk losing the story on outsourcing and trade They must learn to repackage facts in a compelling narrative, or the 2020 election could be an uphill battle Dustin McKissen is a writer, communications and marketing strategist, and founder of McKissen + Company, a marketing   Read More ...
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Tags: Marketing |  Trade | 
Places: Americas |  North America |  United States |  Michigan | 
The truth about trade
You've heard a lot about trade during this presidential campaign - especially in Midwest battleground states like Ohio — and a lot of it has been wrong. Manufacturing employment in the U.S. peaked in 1979, long before the North American Free Trade Agreement. China — a nation with which we have no free trade agreement — has sucked more jobs out of the U.S. than Mexico has. And bringing back   Read More ...
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Tags: Trade | 
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Editorial: Growth linked to trade and taxes
Protectionism is in fashion this election season. Expect the two presidential candidates when they meet on the debate stage Wednesday night to again battle to establish themselves as the most anti-free trade choice. It’s an issue that resonates on the campaign trail with voters frustrated by the tepid economic recovery and their eroding buying power. But if it carries over to the next administration, it will distract from attacking the   Read More ...
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U.S. trade deficit in August rises 3% to $40.7 billion
Washington — The U.S. trade deficit rose in August as a flood of imports offset the best showing for exports in 13 months. The politically sensitive deficit with China rose to the highest level in 11 months. The trade deficit increased 3 percent to $40.7 billion, up from a gap of $39.5 billion in July, the Commerce Department reported Wednesday. Imports jumped 1.2 percent to $228.6 billion, reflecting big increases   Read More ...
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Tags: Trade |  Trade deficit | 
Places: Americas |  North America |  United States |  Asia |  E. Asia |  Midwest |  East |  Michigan | 
Free trade is a win-win
Economists have known that international trade enhances the wealth of trading nations since the publication of Adam Smith’s “The Wealth of Nations” in 1776. In fact, probably no other topic commands as much agreement among economists today. Donald Trump and Hillary Clinton not only fail to grasp this basic point; they also turn the logic of international trade on its head. On Trump’s campaign website he claims, “We’re losing $500   Read More ...
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Tags: Trade |  Free trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
Rep. Walberg, Driskell duel over trade, trustworthiness
Buy Photo. The attacks are flying fast and furious in Michigan’s 7th Congressional district, where Republican U.S. Rep. Tim Walberg. and Democratic challenger Gretchen Driskell. are exchanging blows over trustworthiness, trade deals and more. It is one of two congressional races in Michigan being aggressively targeted by national Democrats in an uphill bid to regain control of the Republican-led U.S. House. The race has quickly turned negative despite the relatively   Read More ...
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Tags: Trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
The Market In 5 Minutes: Retailers keep earnings party going
is a tool used by the Benzinga News Desk each trading day -- it's a look at everything happening in the market, in five minutes. or email Macro Focus U.S. stock futures traded lower in early pre-market trade. Futures for the Dow Jones Industrial Average fell 21 points to 18,503.00, while the Standard & Poor’s 500 index futures declined 1.25 points to 2,175.75. Futures for the Nasdaq 100 index slipped   Read More ...
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Tags: Markets |  Trade |  Retail Markets | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
US Customs and Border Protection hosts Trade Day in Detroit
DETROIT - The U.S. Customs and Border Protection's Detroit Field Office is hosting its 5th annual Trade Day. The event takes place Wednesday at the Patrick V. McNamara Building in Detroit. Those involved in Trade Day say that it offers the chance for U.S. and Canadian importers, brokers and other trade groups to network with officials from the U.S. and Canada. Participants include Immigration and Customs Enforcement, the U.S. Department   Read More ...
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Tags: Economy |  Economic Policies |  Trade |  Revenue |  Customs | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Detroit | 
How progressives are putting Hillary Clinton in a tough spot on trade (again)
Attention Bernie Sanders supporters: Hillary Clinton wants you to know she does NOT support President Obama's Trans-Pacific Partnership trade deal. Not now, not ever. "My message to every worker in Michigan and across America is this. I will stop any trade deal that kills jobs or holds down wages including the Trans-Pacific Partnership," she said in an economic speech outside Detroit on Thursday. "I'll oppose it now, I'll oppose it   Read More ...
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Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Detroit | 
FACT CHECK: Clinton's selective history on trade
WASHINGTON (AP) Hillary Clinton offered a selective accounting of her history on trade Thursday, leaving out her support for initiatives that have since become unpopular. She also offered a rosier view of the U.S. workforce than the numbers portray. A look at some of the claims in her Michigan economic speech and how they compare with the facts: ___ CLINTON: "We have the most dynamic, productive workforce in the world,   Read More ...
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Tags: Trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  West |  Pacific |  Oregon | 
FACT CHECK: Clinton's selective history on trade
WASHINGTON (AP) — Hillary Clinton offered a selective accounting of her history on trade Thursday, leaving out her support for initiatives that have since become unpopular. She also offered a rosier view of the U.S. workforce than the numbers portray. A look at some of the claims in her Michigan economic speech and how they compare with the facts: ___ CLINTON: "We have the most dynamic, productive workforce in the   Read More ...
Categories: Business | 
Tags: Trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
In Michigan speech, Clinton stresses opposition to Asia trade pact
Hillary Clinton is stressing her opposition to the Trans-Pacific Partnership trade deal, saying: "I oppose it now, I'll oppose it after the election and I'll oppose it as president.   Read More ...
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Places: Americas |  North America |  United States |  Asia |  Northeast |  New England |  Rhode Island |  Midwest |  East |  Michigan | 
Auto industry wary of presidential free-trade rhetoric
Free trade issues and the automotive industry could be a flash point on Monday when Donald Trump delivers a speech about his economic agenda on Monday in Detroit TRAVERSE CITY — A political issue facing the automotive industry that many executives have stayed silent about is presidential campaign rhetoric about free trade and the future of NAFTA. Free trade is an emotionaltopic for blue collar workers who have seen plants   Read More ...
Categories: Business | 
Tags: Trade |  Industries |  Free trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Detroit | 
U.S. trade deficit hits $44.5B, biggest in 10 months
Washington — The U.S. trade deficit increased to the highest point in 10 months, driven up by a big rise in imports of oil and Chinese-made computers, cell phones and clothing. The deficit rose to $44.5 billion in June, 8.7 percent higher than a revised May deficit of $41 billion, the Commerce Department reported Friday. It was the biggest gap between what America sells abroad and what the country imports   Read More ...
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Tags: Trade |  Trade deficit | 
Places: Americas |  North America |  United States |  Asia |  E. Asia |  Midwest |  East |  Michigan | 
NBA Trade Rumors: Greg Monroe Likely On His Way Out Of Milwaukee, Could Join His Hometown New Orleans Pelicans
The NBA trade rumors suggest a homecoming for Greg Monroe. The Milwaukee Bucks center reportedly wants to get out of the contract he signed last offseason, with the team potentially working on a deal to send him back to his hometown of New Orleans. If true, it would top off a year of unlikely moves for the former Detroit Pistons big man. As a free agent last summer, Monroe had   Read More ...
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Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Detroit | 
Trade talk not swaying Dems to Donald Trump
KING OF PRUSSIA, Pa. — Republican presidential nominee Donald Trump is going to have to do a lot more work if he’s going to get Michigan Democrats to see him as their savior when it comes to fixing bad trade deals. Before the Democratic National Convention in Philadelphia convened Monday, Michigan delegates, alternates and officials seemed largely in agreement as they held their first breakfast meeting that while they may   Read More ...
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Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
The Market In 5 Minutes: Huge beat for June's U.S. jobs numbers
is a tool used by the Benzinga News Desk each trading day -- it's a look at everything happening in the market, in five minutes. or email Macro Focus U.S. stock futures traded higher in early pre-market trade. Futures for the Dow Jones Industrial Average climbed 49 points to 17,840.00, while the Standard & Poor’s 500 index futures rose 6.25 points to 2,095.00. Futures for the Nasdaq 100 index gained   Read More ...
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Tags: Markets |  Trade | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 
Chinese imports push up U.S. trade deficit in May
Washington — The U.S. trade deficit climbed in May as a surge in imports of Chinese-made cellphones and computers pushed the politically sensitive imbalance with China to the highest level in six months. The trade deficit rose to $41.1 billion in May compared to April’s $37.4 billion, the Commerce Department reported Wednesday. It was the largest imbalance since February. Exports, which have struggled this year because of a strong dollar   Read More ...
Categories: Business | 
Tags: Markets |  Trade |  Imports |  Trade deficit | 
Places: Americas |  North America |  United States |  Asia |  E. Asia |  Midwest |  East |  Michigan | 
The Market in 5 Minutes: More bad news for British pound, Tesla
Below is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. Apply for daily AM access by clicking here or email minutes@benzinga.com. Macro Focus. U.S. stock futures traded lower in early pre-market trade. Futures for the Dow Jones Industrial Average dropped 69 points to 17,800.00, while the Standard & Poor’s 500 index futures fell 9   Read More ...
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Tags: Markets |  Trade | 
Places: Americas |  North America |  United States |  Europe |  N.W. Europe |  Midwest |  East |  Michigan | 
Trump's trade plan could hurt Detroit 3
WASHINGTON — In no area has Donald Trump challenged Republican orthodoxy more than on international trade, where he has promised to force better deals for U.S. manufacturers or otherwise impose debilitating tariffs on imports, or unilaterally rip up long-standing trade agreements. But far from guaranteeing a stronger American economy, many experts — including some Trump regularly cites when making his case for a more protectionist trade policy — say they   Read More ...
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