Local Business News

BBB sends warning on tax preparation company

MUSKEGON HEIGHTS, Mich. (NEWSCHANNEL 3) - The Better Business Bureau is sending out an alert about a tax preparation company with an office here in West Michigan. The organization has received several complaints about Mo Money Taxes....... Full story

Good news for Kellogg's

BATTLE CREEK, Mich. (NEWSCHANNEL 3) - Kellogg's has reported better than expected fourth-quarter earnings. The company reported a profit of $232 million, or 64 cents a share. That's up from $189 million a year earlier. Sales jumped 5.4...... Full story

Facebook surrenders its privacy in IPO documents

SAN FRANCISCO (AP) - Facebook is baring its business soul. The unveiling came late Wednesday when the company that depends on people to share their lives online filed its plans to raise $5 billion in an initial public offering of stock....... Full story

Facebook's IPO expected

(NEWSCHANNEL 3) - Today could be the day that social networking giant Facebook files paperwork for its Initial Public Offering. That's according to the Wall Street Journal. The IPO is expected to be the most anticipated public...... Full story

Higher sales lift Chrysler to $183M profit in 2011

DETROIT (AP) - Chrysler rode higher sales of Jeeps and other revamped vehicles to its first annual net income since 1997. The company says it made $183 million last year as revenue rose 31 percent to $55 billion. The net income...... Full story

Denso to pay fine in price-fixing scandal

BATTLE CREEK, Mich. (NEWSCHANNEL 3) - An auto parts supplier with a plant here in West Michigan has agreed to pay tens of millions dollars in fines over a price-fixing scandal. Federal prosecutors say Denso Corporation, which operates a...... Full story

Kodak files for Ch. 11 bankruptcy protection

ROCHESTER, N.Y. (AP) - Photography icon Eastman Kodak has filed for Chapter 11 bankruptcy protection, as it seeks to boost its cash position and stay in business. The move comes as the ailing company has failed to find a buyer for its trove...... Full story

Personal info stolen from Zappos.com

(NEWSCHANNEL 3) - A popular online shoe company says hackers have gotten their hands on personal information of about 24-million of their customers. Zappos.com is urging customers to change their passwords. The company says...... Full story

Ford recalls 450,426 minivans and SUVs

DEARBORN, Mich. (AP) - Ford says it's recalling nearly half a million minivans and SUVs because of a pair of mechanical issues. The Dearborn, Mich.-based automaker is recalling 205,896 Freestar and Mercury Monterey minivans made during the...... Full story

Blockbuster closing Kalamazoo stores

KALAMAZOO, Mich. (NEWSCHANNEL 3) - It looks like the final credits are rolling for Blockbuster stores in Kalamazoo. The company says it is shutting down its final two locations in the city on February 19th. Blockbuster was sold to...... Full story

GM likely to recapture global auto sales lead

DETROIT (AP) - General Motors Co. is on track to retake the title of world's top-selling automaker, riding strong sales in the U.S. and China to beat Volkswagen and Toyota. Detroit-based GM lost the crown to Toyota in 2008 after holding it...... Full story

Perrigo buys Georgia-based company

ALLEGAN, Mich. (NEWSCHANNEL 3) – West Michigan based Perrigo has made a move to acquire the assets of a Georgia-based distributor of diabetes care products. That company is Can-Am Care. The deal is for nearly $36 million....... Full story

Late opening for Timber Ridge

NEAR GOBLES, Mich. (NEWSCHANNEL 3) – It was a busy weekend on the slopes near Gobles. It was finally cold enough for Timber Ridge Ski Area to open up last week. This is the latest they've opened in a long time because of the...... Full story

GM to call back 8,000 Chevy Volts

DETROIT (AP) - A person briefed on the matter says General Motors will ask Volt owners to bring their electric cars into dealers to strengthen the structure around the batteries. The move is similar to a recall and involves the 8,000 Volts...... Full story

Market turning around for automakers

DETROIT (NEWSCHANNEL 3) – It is a major turnaround for U.S. Automakers. 2011 sales numbers have been announced and after a tough couple of years for the auto industry things are looking a lot better. At the top of the list is...... Full story

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