Dustin Dwyer · Midwest Memo: The Profit-Sharing Effect, Sears Layoffs And Chrysler Turns Down A Loan

February 17th, 2012


Profit sharing bump GM reported a record profit yesterday, which means UAW members at GM will get a record profit-sharing bonus. Bloomberg News says union workers at all three Detroit carmakers are eligible for bonuses this year, and that could give the Midwest economy a lift.

Hospital expansion The leader of Henry Ford Health Systems in Detroit is considering a $175 million expansion to its resort-like hospital in the suburb of West Bloomfield.

Nice way to repay Sears laid off 100 employees in its Chicago headquarters this week. It’s been two months since the state approved a $150 million tax incentive to keep the company in Illinois.

Unseasonably warm “Nice” weather isn’t helping Midwest winter tourism businesses.

Brain boom Wright State University plans a $37 million neuroscience research hub.

Cleaning up An environmental advocacy group says Ohio making progress on clean energy, but it has some harsh words for one of the state’s utility companies.

Medicuts The New York Times has a look at how proposed cuts to Medicaid will hurt Illinois. 

Bowing out Chrysler says it will no longer seek a loan from the federal government to develop hybrid vehicles.

Young and successful The South Bend Tribune sits down with a 29-year-old developer who’s working to revitalize the city.

Category: Biztech, Chrysler, GM, Henry Ford Health Systems, Medicaid, Midwest Memo, Sears, South Bend, UAW, Wright State University, profit sharing
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