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4:57 pm
Wed November 3, 2010

Amway to settle lawsuit alleging unfair and illegal business practices

Amway logo
Amway logo

Amway is one of the leading, if not the largest, direct selling companies in the world. Three people trying to sell the vitamins, cookware and beauty products the company distributes sued an Amway subsidiary in 2007. They claim the company then known as Quixtar misled them about start up costs and how much money they'd make.

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Energy theft
9:32 am
Tue November 2, 2010

Detroit utility struggles to stay on top of theft

Credit (Sarah Hulett, Michigan Radio)
DTE Energy theft investigator Keith Gross prepares a lock box to prevent thieves from tampering with a gas meter.

If you walk into a gas station or a party store in the city of Detroit, you might see a flyer taped up, advertising "help with gas and lights."

But the phone number probably won’t connect to a charity program or aid organization. More likely, it’ll put you in touch with a fixer who will help you steal electricity or natural gas.

Trying to shut the problem down is a team of investigators from DTE Energy. Every day of the work week, they embark on what seems like a never-ending game of whack-a-mole.

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Jobless in Michigan
11:38 am
Mon November 1, 2010

Many Michigan jobless could soon lose their unemployment benefits

 Time is running out again for many Michiganders living on unemployment benefits.

 Hundreds of thousands of Michiganders have spent nearly two years surviving on unemployment checks as the state struggles with a double digit jobless rate.

But time may be running out for those benefits.  Congress has passed several extensions but may not this time. 

Norm Isotello is with the state department of Energy, Labor and Economic Growth.    He concedes there is an argument that extended benefits may get in the way of people looking for work...but

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Business Tax Breaks
5:07 pm
Mon October 18, 2010

Businesses rush to get tax breaks for next year

The deadline for businesses to apply for 2010 tax breaks is Oct. 31
Credit whiteoaksblog.com
The deadline for businesses to apply for 2010 tax breaks is Oct. 31

Local approval is one of the first hurdles companies must overcome to get the tax breaks they want. The deadline to get tax breaks in 2010 is October 31st. That means there's a surge of projects in front of local city councils and commissions.

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GM IPO
8:57 am
Mon October 18, 2010

Is the General Motors IPO losing steam?

GM Renaissance Center in Detroit
Credit John F. Martin / Creative Commons
GM's Headquarters in Detroit

 Next month’s General Motors’ big stock offering is expected to be much less than at one time predicted.

The GM Initial Public Offering is expected to hit the market around November 18th.

 When GM initially started talking about selling stock, the speculation was that November’s sale could be easily one of the largest initial public offerings in history.   Perhaps generating more than $16 billion.

Now some analysts are predicting the GM IPO will collect only about $6 billion. 

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ArtPrize
3:16 pm
Fri October 15, 2010

Economic impact of ArtPrize appears to be growing

aPorte works on one panel of his pencil drawing that won ArtPrize
Credit artprize.org
Art Prize winner Chris LaPorte works on one panel of his pencil drawing

A new survey shows this year's ArtPrize attracted more people from outside Grand Rapids than last year's contest. Preliminary numbers show half the people who participated in ArtPrize came from outside of the Grand Rapids area. Only 6% came from outside of Michigan.

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Transportation in Michigan
5:30 pm
Thu October 14, 2010

1 in 4 Michigan bridges 'Deficient' or 'Obsolete'

A new report paints a dim picture of the bridges that many Michigan motorists use every day.

The Michigan Department of Transportation says one in four of Michigan’s 44 hundred bridges are either "structurally deficient" or "functionally obsolete"

Department spokesman Bill Schreck says despite millions of federal stimulus dollars spent in the past year on road improvements in Michigan problem bridges are still in need of repair. 

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