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Penske Automotive Group Falls After Q2 Earnings Miss
Tuesday, July 30, 2019 - 12:35pm | 302Read More...Penske Automotive Group (NYSE: PAG) shares are trading lower after the company reported worse-than-expected second-quarter sales, which were impacted by weak market conditions in the U.K. from Brexit. The company reported earnings of $1.42 per share, which missed the analyst consensus estimate of $...
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With The Launch Of The QLine, Detroit Has Its First Streetcar In 60 Years: 'It Validates The City'
Friday, May 12, 2017 - 1:30pm | 1099Read More...The QLine, Detroit’s $140 million streetcar line on a 6.6-mile loop, opened to the public Friday after nearly a decade of planning and with assurances that it’s intended as the first piece of a broader regional transit system. The Kresge Foundation, Quicken Loans Chairman Dan Gilbert...
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Penske: Motor City's Third Wheel
Monday, June 6, 2016 - 4:29pm | 490Read More...When discussing the resurgence of Detroit, two names quickly come to forefront: Dan Gilbert and Mike Ilitch. Both entrepreneurs have built very successful companies (Quicken Loans and Little Caesar's Pizza, respectively). Both have purchased professional sports and parlayed their success in...
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SLIDESHOW: 13 Major Tech Founders and Innovators That Are 'Smitten With The Mitten'
Monday, June 24, 2013 - 4:30pm | 126Read More...Technology companies are often synonymous with Silicon Valley or other tech hubs, but many of the founders of the major publicly traded tech companies come from a place that hasn't exactly been known for innovation in the last 30 years: Detroit. Encompassing the entire Metro Detroit area as...
