Microsoft plans 'substantial' job cuts across Xbox division

Gaming executives are reportedly under pressure to boost financial performance following a $69B Activision Blizzard deal.

Dearborn leaders consider limiting Airbnb-type rentals to only the downtown area

The proposal comes after neighbors have complained of excessive partying, police calls and other quality of life issues stemming from these types of properties.

Online job listing company Careerbuilder + Monster files for bankruptcy

CareerBuilder + Monster bankruptcy filing shows $100-500 million in liabilities as the merged company plans to sell off its operations.

Red Lobster seafood boil among new CEO’s menu items

Red Lobster emerged from bankruptcy last year and emerged with a new CEO, who has made several changes already.

Here's why some consumers are boycotting McDonald's this week

The People’s Union is urging a nationwide boycott of McDonald’s starting June 24, citing rollbacks to diversity efforts and other grievances tied to the fast-food giant’s business practices.

Buy now, pay later loans will now impact Americans' credit scores

FICO said that it is going to incorporate buy now, pay later (BNPL) data into credit scores as the payment method surges in popularity. 

Fred Smith, FedEx founder, dies at 80

FedEx founder Fred Smith, known by many as Memphis, Tennessee’s “most important citizen,” has died. He was 80 years old.

Kroger closing 60 stores over next 18 months

A major grocery retailer in the U.S. announced dozens of its stores would be closing in the coming months. Here’s what we know.

How much money you need to retire in your state – without Social Security

With Social Security's future uncertain, the amount of money to retire comfortably varies substantially by state. Here’s where your area ranks.

MI Hub for Manufacturing opens in Detroit helping small, mid-size businesses

This digital hub will help with technical assistance, funding, education and foster stronger connections between manufacturers, startups, and large companies – positioning Michigan as a hub.

Lakers sold: Buss family sells majority stake for $10B, reports say

The Buss family has reportedly agreed to sell majority ownership of the LA Lakers, for a value of $10 billion, to Dodgers co-owner Mark Walter.

Michigan liquor commission lacked oversight of $499M in alcohol orders, audit finds

Michigan purchases and sells all spirits sold in the state and is tasked with tracking them. But a review of the commission in charge found it delegated the responsibility to authorized distributors with no way of knowing if it was accurate.

Chase Sapphire Reserve credit card changes: What to know

The cost to have Chase’s popular Sapphire Reserve travel credit card has increased 77% since it was introduced in 2016. Here’s what to know about the card.