Detroit

On the heels of a record year, Pontiac, Michigan-based United Wholesale Mortgage announced this week it will merge with special purpose acquisition company Gores Holdings IV Inc (NASDAQ: GHIV) in a deal that would value the firm at $16.1 billion. The combined company will list on the Nasdaq...

Startups are constantly in the race for funding to propel their expansion. Benzinga spoke to Kate Hernandez, principal at Detroit Venture Partners, for insight on future trends for startups as well as challenges for those looking to enter the VC world as a career.  Detroit Venture...

Former Microsoft (NASDAQ: MSFT) CEO and Detroit native Steve Ballmer is donating $3 million to Detroit's Motown Museum through his nonprofit Ballmer Group. Ballmer Group is an organization with the goal of improving economic mobility for American families who are likely to stay in poverty...

Detroit-based Rocket Companies Inc (NYSE: RKT), the parent company of mortgage lender Quicken Loans, made its debut as a public company Thursday. Founder Dan Gilbert and CEO Jay Farner were interviewed on CNBC about the listing and the broader mortgage market. Gilbert On IPO Timing:...

The Rocket Mortgage Classic launched the Connect 313 Fund Tuesday, a partnership with the city of Detroit and United Way for Southeastern Michigan to improve internet and technology access across Detroit. A Digital Inclusion Effort: As part of the Classic’s “Changing the...

Zach Strickland discusses how the Motor City is cranking in the Carrier Update presented by PowerFleet, and Mike Baudendistel explains how intermodal volumes are showing signs of recovery in the Rail & Intermodal Update.

The Ford Motor Company (NYSE: F) on Wednesday announced it was recalling about 2.5 million vehicles in the United States due to safety lapses. What Happened The Detroit-based automaker said, "affected vehicles may not have had all door latches replaced or correctly replaced when repaired...

New York City is the latest major city to address how restaurants are faring during the coronavirus pandemic.  De Blasio Signs Restaurant Delivery Legislation New York City Mayor Bill de Blasio signed on Tuesday a new set of guidelines on how the government can help bars and restaurants...

The Rocket Mortgage Classic, the first PGA Tour event held in the city of Detroit, in partnership with its sponsor Rocket Mortgage, unveiled “Changing the Course” this week — a multiyear campaign to bring access to the internet, technology and digital literacy to...

Delta Air Lines (NYSE: DAL) said it will increase its passenger freighter flights from Seoul, South Korea, to Atlanta and Los Angeles to daily service beginning May 13 in response to continued growth in demand to transport medical supplies and other products from Asia to the U.S. In March,...

Dan Gilbert's Rock Family of Companies announced Thursday a public-private partnership to get Michigan’s strained health care system the resources it needs to fight the coronavirus. “As Detroit’s largest employer, we recognize our critical role in serving the members of our...

Detroit will make available Abbott Laboratories (NYSE: ABT) five-minute COVID-19 tests to first responders beginning Friday. What Happened The city of Detroit will use Abbott’s rapid coronavirus kit to test first responders who are self-isolating, but have not yet tested positive for...

The North American International Auto Show, which was set to take place in Detroit in June, has been canceled, the organization announced Saturday. What Happened The cancellation comes as the Federal Emergency Management Agency plans to turn the show's venue TCF Center into a temporary...

“The hardest thing I had to deal with is people doubting me, and how I got over it was always proving people wrong.” Father, husband, designer, mentor and speaker Ryan Hudson-Peralta spoke with Benzinga about his mission to empower people to overcome obstacles. Born Different...

Warren, Michigan-based Art Van Furniture said Thursday it is going out of business and beginning liquidation sales at all company-owned stores in the Upper Midwest. AVF Holdings, Inc., said in a press release that it will liquidate the merchandise at Art Van stores in Michigan Illinois, Indiana,...