Nordstrom to be acquired by Nordstrom family and a Mexican retail group for $6.25 billion

Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group for $6.25 billion, the company said Monday.

The Container Store files for Chapter 11 bankruptcy

The Container Store has filed for bankruptcy amid a weaker housing market and a growing availability of cheaper alternatives.

Party City closing after 40 years in business

Party City CEO Barry Litman said it was 'necessary to commence a wind down process immediately.'

Here's how much PTO workers say they ideally want

Most Americans admit that they don’t use much of their vacation days from work, but say they are willing to pay for extra time off based on a new survey.

Temple Bar in Detroit is back open after collapsing in the spring

It's been months since the historic Temple Bar in Detroit partially collapsed. And now, just in time for the holidays, the bar will re-open.

Detroit Marathon refinery strike ends with 7-year agreement

According to Local 283 an agreement was ratified by members, ending the impasse, which had been ongoing since early September.

ABC, Trump settle defamation lawsuit

ABC News has agreed to pay $15 million toward Donald Trump’s presidential library to settle a defamation lawsuit.

Livonia business narrowly escapes $82K scam - how is a mystery

A Livonia business was caught in a scam that could have cost him his business. How he escaped is a bit of a mystery

Alex Jones retains Infowars for now after judge denies The Onion's winning auction bid

Alex Jones’ Infowars was up for sale as part of his bankruptcy case amid money courts are ordering him to pay for falsely claiming that the deadly Sandy Hook Elementary shooting was a hoax.

Syndicate Ferndale owner announces new restaurant at former Scout, M-Brew spot

A week after Scout Vester closed in Ferndale, a new bar and eatery is already preparing to take over the spot. The owner of Syndicate Ferndale is opening a new restaurant in the space.

Marvin's Marvelous Mechanical Museum moving to West Bloomfield

In addition to a new location, the space is much larger. The current museum is about 5,300 square feet, while the new space is about 14,000 square feet.

Trump nominates Fiserv CEO Bisignano for Social Security commissioner

President-elect Donald Trump on Wednesday announced his nomination of Fiserv CEO Frank Bisignano for Social Security Administration commissioner.

Vodka maker Stoli Group USA files for Chapter 11 bankruptcy

Stoli Group USA is 'currently facing significant balance sheet and liquidity challenges,' according to a court filing.

Is Enron making a comeback? Here's what we know

Enron, the Houston-based corporation that once dominated the energy sector before its infamous collapse in 2001, now claims to, according to its website, focus on sustainability, innovation, and ethics in addressing critical energy challenges.