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Business

Local and national business news from the Traverse City Record-Eagle, northern Michigan's daily newspaper.

More out-of-state tourists visiting Travel spending by Michigan residents is sinking while spending is up among non-Michigan residents. Tourism revenues in Michigan total about $18 billion a year, now split about half-and-half between Michigan residents and travelers from out of state.....more>>

• Kerkorian investment surprises Ford
  Buying up small blocks of stock, billionaire investor Kirk Kerkorian quietly accumulated millions of shares of Ford Motor Co. in a series of purchases in April that left the automaker "completely unaware" of his involvement until later in the month.

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• Building Permits: 05/10/2008
  Building permits issued in Grand Traverse County.

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• The Record: 05/10/2008
  Assumed names in Grand Travers County

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• 
  Gas Man: Held hostage by high prices
  America is being held hostage, and not much is being done to alleviate the problem. We're paying $123 dollars a barrel for a product that was recently in the $60 range. I'm sure I will catch a lot of flak from this column, but someone needs to speak out, and someone needs to follow the money.

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• GM to pay to help end strike
  General Motors Corp. has agreed to kick in up to $200 million to help bring an end to a bitter 10-week strike at parts supplier American Axle and Manufacturing Holdings Inc.

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• Stocks up even as oil extends record run
  Wall Street closed a quiet session with a moderate advance Thursday, with energy and other commodities companies leading the market as oil prices extended their record-breaking run.

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• 
  Downtown businesswoman honored
  A downtown business owner noted for her community service in the downtown area and beyond was honored Wednesday night with the 2008 Athena Award from the Athena Grand Traverse organization.

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• Dura close topic of Mancelona forum
  A community forum featuring state and local economic development staffers will be held May 12 at 7 p.m. at the Mancelona High School Commons.

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• Deal hints at cells phones' future
  Clearwire and Sprint Nextel have resurrected their plan to offer high-speed mobile Internet service with the help of some deep-pocketed supporters.

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