WWMT Business News

Apple CEO in hot seat over taxes

Wed, May 22 2013, 08:45 AM EDT

WASHINGTON, D.C. (NEWSCHANNEL 3) - Apple CEO Tim Cook was in the hot seat Tuesday.

He is defending the company's policy of shifting billions of dollars of income overseas, specifically to a subsidiary in Ireland.

Critics say it allows Apple to avoid paying its fair share of U. ...

Apple CEO testifies before Congress

Tue, May 21 2013, 09:01 PM EDT

WASHINGTON, D.C. (NEWSCHANNEL 3) - Apple CEO Tim Cook testified on Capitol Hill Tuesday in front of a Senate sub-committee.

Apple is accused of using a web of off-shore accounts to avoid paying billions of dollars in taxes.

Cook said Apple did nothing wrong and paid more than $6 billion in U. ...

Yahoo buys Tumblr

Mon, May 20 2013, 12:15 PM EDT

(NEWSCHANNEL 3/AP) - In an attempt to reshape Yahoo and garner a base of young consumers, Yahoo has made a deal to buy out the short-form blogging website Tumblr from creator David Karp.

The social media website made up of active online users was bought for $1. ...

Pfizer spin-off gets FDA approval for drug

Fri, May 17 2013, 12:18 PM EDT

KALAMAZOO, Mich. (NEWSCHANNEL 3) - Zoetis has received FDA approval on a new medication for the first time since its split with Pfizer in February.

The new drug is Apoquel and relieves itching in dogs.

The medication requires a prescription and should be available early next year. ...

Dollars and Sense 5-14-13

Tue, May 14 2013, 08:29 PM EDT

KALAMAZOO, Mich. (NEWSCHANNEL 3) - What do you think of tacos for breakfast?

They could soon be coming to a Taco Bell near you.

Josh Roe has that story and more in tonight's Dollars and Sense.

AG Schuette issues alert warning of credit card charges

Tue, May 14 2013, 08:27 PM EDT

(NEWSCHANNEL 3) - Attention shoppers: you could be paying extra to swipe your credit card.

On Tuesday, State Attorney General Bill Schuette issued an alert advising consumers of changes in credit card surcharge rules.

Merchants are now allowed to charge a processing fee to cover their costs for credit card transactions, up to 4 percent of your purchase. ...

Dollars and Sense 5-13-13

Mon, May 13 2013, 08:51 PM EDT

KALAMAZOO, Mich. (NEWSCHANNEL 3) - Chrysler announced a major recall.

Josh Roe has that story and more in tonight's Dollars and Sense.

Dollars and Sense 5-10-13

Fri, May 10 2013, 09:11 PM EDT

KALAMAZOO, Mich. (NEWSCHANNEL 3) - YouTube is introducing 30 new pay channels.

Josh Roe has that story and more in tonight's Dollars and Sense.

Dollars and Sense 5-9-13

Thu, May 09 2013, 08:21 PM EDT

KALAMAZOO, Mich. (NEWSCHANNEL 3) - The number of Americans who applied for unemployment benefits fell to a five-year low.

Josh Roe has that story and more in Dollars and Sense.

Dow Jones hits major milestone

Tue, May 07 2013, 09:14 PM EDT

NEW YORK (NEWSCHANNEL 3) - Wall Street hit a major milestone on Tuesday, as for the first time ever, the Dow Jones Industrial Average closed above 15,000 points.

The Dow rose 87 points to close at 15,056, continuing the positive incline that seems to be a trend for 2013. ...

LG Chem to Start Battery Production at Holland Plant

Mon, May 06 2013, 08:28 AM EDT

HOLLAND, Mich (Newschannel 3) - LG Chem has announced they will start production of automotive lithium-ion battery cells in July at the Holland Michigan plant once it has successfully completed the Production Part Approval Process (PPAP) and gained customer approval. ...

Dollars and Sense 5-1-13

Wed, May 01 2013, 06:22 PM EDT

KALAMAZOO, Mich. (NEWSCHANNEL 3) - If you're a Netflix subscriber, you're losing access to a lot of movies Wednesday.

Josh Roe has that story and more in tonight's Dollars and Sense.

Google in GR to get businesses online

Wed, May 01 2013, 08:21 AM EDT

GRAND RAPIDS, Mich. (NEWSCHANNEL 3) - Google is coming to Grand Rapids Wednesday to help area businesses with their online presence.

Businesses will get free tools and resources to establish a website, find new customers and grow their businesses at the “Michigan, Get Your Business Online event. ...

Dollars and Sense 4-30-13

Tue, Apr 30 2013, 07:22 PM EDT

KALAMAZOO, Mich. (NEWSCHANNEL 3) - More Americans are buying homes, and home prices continue to increase.

Josh Roe has that story and more in tonight's Dollars and Sense.

Henry Kissinger to speak at Economic Club

Tue, Apr 30 2013, 01:03 PM EDT

GRAND RAPIDS, Mich. (NEWSCHANNEL 3) – The Economic Club of Grand Rapids has announced that Henry Kissinger will speak at its upcoming World Trade Week meeting.

The meeting takes place at noon on May 6th at the International Ballroom of the J.W. Marriott in Grand Rapids. ...

Dollars and Sense 4-29-13

Mon, Apr 29 2013, 08:35 PM EDT

KALAMAZOO, Mich. (NEWSCHANNEL 3) - Mother's Day is just around the corner; it's May 12th.

Still trying to figure out what to get mom? If so, you're not alone.

Josh Roe has that story and more in tonight's Dollars and Sense.

Dollars and Sense 4-26-13

Fri, Apr 26 2013, 09:03 PM EDT

KALAMAZOO, Mich. (NEWSCHANNEL 3) - Good news if you are a Twinkie lover.

Josh Roe has that story and more in tonight's Dollars and Sense.

Bell's Brewery headed to U.P.

Fri, Apr 26 2013, 08:56 AM EDT

ESCANABA, Mich. (NEWSCHANNEL 3) - Bell's Brewery is headed to the Upper Peninsula.

Thursday night the Kalamazoo-based brewery received the Escanaba City Council's approval to buy property for a $2.5-million manufacturing plant.

Bell's says the Upper Hand Brewery in Escanaba will be built within 18 months and will employ five people. ...

Dollars and Sense 4-15-13

Mon, Apr 15 2013, 09:29 PM EDT

KALAMAZOO, Mich. (NEWSCHANNEL 3) - Satellite TV giant Dish Network is looking to acquire Sprint/Nextel.

Josh Roe has that story and more in tonight's Dollars and Sense.

GM and Ford to join forces making new transmissions

Mon, Apr 15 2013, 08:59 AM EDT

(NEWSCHANNEL 3) - Two giant auto makers are joining forces to build new transmissions.

The announcement is coming Monday morning from General Motors and Ford.

Their engineers will jointly develop a new generation of fuel-efficient automatic transmissions that will go into many of their new cars and trucks. ...