The Latest Business Headlines from WWJ Newsradio 950
Greektown Expansion | Casino officials say an expanded gaming area is a significant step toward getting it on the road to recovery, The Detroit Free Press reports. | Story
Borders Shares Soar | The bookseller's stock rose more than 25 percent Wednesday after it posted better-than-expected earnings for the second quarter. | Story
Ford Exec Sees Fewer Dealers | With U.S. sales continuing to decline, a top executive expects to see more Ford, Lincoln and Mercury dealers willing to consolidate with others. | Story
Chrysler Eyes Viper Sale | The auto maker says it's been approached by buyers interested in the flashiest model in Chrysler's lineup, Dow Jones Marketwatch reports. | Story
Consumers Testing Hydrogen Cars | GM, Honda and BMW are putting hundreds of vehicles into suburban and city garages, to see how they fare in day-to-day driving. | Story
Stocks Finish Higher | Investors liked the July rise in orders for durable goods. A spike in crude is viewed as temporary, in light of storm conditions in the Gulf of Mexico. | Story
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VROOM! GRAND PRIX WEEKEND KICKS OFF WITH FREE DAY OF RACING FRIDAY
It's one of Detroit's fastest and most popular happenings and a great way to wrap up summer in the Motor City.
The Detroit Belle Isle Grand Prix – which kicks off Friday with Free Prix Day, presented by Comerica Bank – will feature cars of the American Le Mans Series, the IndyCar Series and the SCCA SPEED World Challenge GT Championship. The excitement takes place on Detroit's beautiful island park.
Be sure to stop by the WWJ Newsradio 950 booth during the festivities. We'll be broadcasting live from 5 a.m. - 7 p.m. on Friday, and from 12 p.m. - 6 p.m. on Saturday and Sunday. For more about the Grand Prix, check out the special Prix page at WWJ.com. Click here.
Feldman Report: Beware Those Credit Cards On Campus
There's more and more concern building these days for college students who are getting by on plastic.
Murray Feldman reports that Congress has been looking into the business of credit cards on campus. And a new report finds a disturbing trend -- average credit card debt has increased 47% in the past 15 years for those 25-34 years old; and is up 11% for 18-24 year olds.
The average college graduate is nearly $20,000 in debt by the time he or she goes out on their own. Hear more:
OUR MICHGAN, OUR FUTURE PODCAST: In this special "Our Michigan, Our Future" report, WWJ's Bill Stevens previews the Detroit International Jazz Festival, a cultural gem, returning to the D this Labor Day weekend. Click here.
STORES "H.Ave" NEW WAY TO ATTRACT SHOPPERS: One local community wants local shoppers to take a swipe at them--in the name of loyalty. St. Clair Shores is offering cash-back bonuses and shopping discounts of up to 3% to customers loyal to certain businesses in that city, with the Gotta H.AVE Gift and Rewards Card. The name alludes to the Harper Avenue Business Association. Blair Gilbert of Gilbert's Pro Hardware is one of the 15 or so stores already on board. More...
DTE TO LAUNCH ADVANCED METERING PROGRAM: DTE Energy Wednesday announced it will launch an advanced metering program to provide customers with more accurate meter reads every month, information about their energy usage and a system for recognizing power outages without customer input. Itron, a leading technology provider for the energy industry based in Liberty Lake, Wash., has been contracted to provide the equipment and implement the program. Itron will begin an initial installation in Grosse Ile Township and eventually install 30,000 new electric meters and gas meter modules for system evaluation and performance testing. More..
EMERGING BIOTECH FIRMS TO TELL THEIR STORIES AT EXPO: MichBio, the association for Michigan's biosciences industry, announced it has added the Michigan Biosciences Showcase to its program on the first day of its 2008 Expo & Conference, scheduled for Nov. 18 and 19 at the Rock Financial Showplace in Novi. The event will provide 20 selected companies with an opportunity to introduce their bioscience technologies and emerging companies to an audience of venture capitalists and other investors, technology experts, and entrepreneurs. The first showcase was held last May just prior to the Michigan Growth Capital Symposium in Ann Arbor and featured 12 companies. More...
WORLDWIDE AUTOMOTIVE REPORT PODCAST: Chrysler looks at "strategic options" for Viper. GM sends out retirement offers to salaried workers. Auto companies talk loans with convention delegates.
HEAR 'EDUCATION MINUTE' ON WWJ AND ONLINE: WWJ Newsradio 950's Pat Vitale gives education tips in an on-air series that is a joint production of Eastern Michigan University-Education First! and WWJ. "Education Minute" airs daily on WWJ at 9:22 a.m., 12:23 p.m., 5:40 p.m., and 9:53 p.m. For podcasts of Vitale's reports, as well as other resources for helping our kids learn, click here.
BE OUR FRIEND ON FACEBOOK: The Daily Dash now has a profile page and a group on Facebook. If you have a Facebook account (or have been looking for a reason to set one up), we'd like to hear from you. To visit the Daily Dash profile, click here.
TESTS CLEAR IPHONE 3G ANTENNA AS CAUSE OF RECEPTION PROBLEMS: A new series of tests coming out of Sweden appears to absolve the iPhone 3G's antenna from blame over the phone's reception issues. A Swedish tech publication known as GP conducted a series of tests this week on the antennas of iPhone 3Gs belonging to users reporting reception issues, as a follow-up to an earlier test on an iPhone 3G that was connecting to 3G networks as designed. In both cases, the iPhone 3G antenna was functioning normally and emitting a strong signal, leading GP to conclude that the iPhone's hardware is not the culprit. More...
GOOGLE EARTH SHOWS COWS POINT NORTH: Using satellite images on Google Earth, German scientists were able to see that all over the planet, cows stand with their bodies pointing to magnetic north. Studying photographs of 8,510 cattle in 308 herds from around the world, zoologists Sabine Begall and Hynek Burda of the University of Duisburg-Essen and their colleagues found that two out of every three animals in the pictures were oriented in a direction roughly pointing to magnetic north. The resolution of the images was not sufficient to tell which ends of the cows were pointing north, however. More...
COMPRESSED-AIR STORAGE COMING TO WIND POWER: A New Jersey company said it will invest $20 million over three years to develop an underground compressed-air storage system for wind turbines and other power sources, a sign of growing confidence in the technology. Energy Storage and Power is a joint venture formed by energy developer PSEG Global and Michael Nakhamkin, who designed the only compressed air-storage facility in the U.S. With Compressed Air Energy Storage (CAES), air is pumped into underground formations, such as depleted natural gas wells or salt caverns, using a natural gas-powered machine. The pressured air is released later to drive a turbine to make electricity. More...
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have a related podcast at 
It's one of Detroit's fastest and most popular happenings and a great way to wrap up summer in the Motor City.
There's more and more concern building these days for college students who are getting by on plastic. 
OUR MICHGAN, OUR FUTURE PODCAST: In this special "Our Michigan, Our Future" report, WWJ's Bill Stevens previews the Detroit International Jazz Festival, a cultural gem, returning to the D this Labor Day weekend. 
HEAR 'EDUCATION MINUTE' ON WWJ AND ONLINE: WWJ Newsradio 950's Pat Vitale gives education tips in an on-air series that is a joint production of Eastern Michigan University-Education First! and WWJ. "Education Minute" airs daily on WWJ at 9:22 a.m., 12:23 p.m., 5:40 p.m., and 9:53 p.m. For podcasts of Vitale's reports, as well as other resources for helping our kids learn, 
BE OUR FRIEND ON FACEBOOK: The Daily Dash now has a profile page and a group on Facebook. If you have a Facebook account (or have been looking for a reason to set one up), we'd like to hear from you. To visit the Daily Dash profile, 
