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2012 Consumer Electronics Show Showcases Latest Technology
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Kodak Files For Bankruptcy

Another iconic American brand is navigating troubled financial waters as Kodak has filed Chapter 11 bankruptcy. Despite $4 billion in annual sales, Kodak is struggling with legacy costs and low-cost digital competition. For many decades Kodak was THE name for film and photographic paper. Chances are good that you have some old snapshots in an album at home on Kodak paper.

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Category: Business Tags: ,
WTTG Fox 5
WTTG Fox 5
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New Peanut Butter Cheerios Upsets Parents Of Children With Food Allergies [VIDEO]

Peanut butter is a very large part of the American diet, more now than ever. Simply because it mixes well with things and it taste great. That's why the folks at General Mills thought consumers would be excited Cheerios comes in a new peanut butter flavor, but parents of children with allergies are very upset about the new cereal.

 

Get the rest of the story after the jump.

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Joe Raedle, Getty Images
Joe Raedle, Getty Images
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Credit Cards Reason For Strong Black Friday?

So, did you spend more on Christmas this year than you planned? Did you pay cash or did you use those credit cards?  Even though the retailing industry reported very strong sales on Black Friday, there is  new data that shows where much of that money came from: credit cards.

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yikes! gas goes up again.
stu allen photo
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Good Grief! Gas Goes Up Again.

Seems as though every week or so we are having to dig a little deeper to fill our gas tanks. For the 4th time since the week before Christmas, the price of unleaded gasoline has spiked to a new high in Mid-Michigan. Most Flint-area stations are selling it for $3.69 a gallon now. Less than a month ago, we were able to buy gas for LESS than $3 a gallon. At this rate, it probably won't be long before we are having to cough up $4 for a gallon of petrol.

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Category: Business Tags:
Ambassador Bridge
Bill Pugliano/Getty Images
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Ambassador Bridge Worker Missing After Fall

U.S. Coast Guard boats and helicopters are searching the Detroit River for a bridge worker who fell into the icy water early this afternoon on the Detroit side of the Ambassador Bridge. A Coast Guard spokesperson says the worker was seen by bridge security going under the water and not resurfacing. U.S. Coast Guard Unit Controller Patti Baca said that the Coast Guard was on scene quickly along with Detroit Police and Fire.

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YouTube
YouTube
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Facebook App Lets You Post Your Last Words After You Die [VIDEO]

Here you go, the application you've been waiting for has finally arrived. I would imagine most of the time Facebook is the only contact you have with the majority of your friends anyway so this would be perfect. Now they will all know when you die. Sorry, just being a little sarcastic.

It is kind of a unique App, take a look after the jump.

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willia4, Flickr
willia4, Flickr
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Walgreens Store Offering Sushi, Wine and More

One Walgreens store in Chicago will start offering sushi, wine, juice bars, a barista, self serve frozen yogurt and more. The new upscale store will also feature a manicure/pedicure station and a cosmetics department.

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Category: Business, Money Tags: ,
Interstate Bakeries Files Chapter 11
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Twinkies Won’t Last Forever; Hostess Filing Chapter 11

According to the Wall Street Journal, the company that makes Twinkies and Wonder Bread is preparing to file for Chapter 11 bankruptcy protection as early as this week. This would be the second time that Hostess Brands, Inc. has filed for bankruptcy in less than a decade.

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Category: Business Tags: , ,
YouTube
YouTube
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Watch And Listen As Riley Explains Marketing [VIDEO]

Sometimes when you listen to little kids explain adult things they seem to get it. It's just that they can't quite figure out how to explain it so it makes sense. Riley is going to explain in just over one-minute why manufacturers market toys the way they do.

Very cute, check it out after the jump.

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where did I park my Huffy?
stu allen photo
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Yikes! Gas Prices Spike Again

Gas prices spiked in the Flint area just before Christmas. They took another jump just before the end of 2011. Less than a week into 2012, the price jumped again.

Unleaded gasoline could be had for less than 3 dollars a gallon in Flint a few days before Christmas. Now it's 3.59 just 3 weeks later.

Did demand/consumption bring about the price hike? Negative. Instability in the Middle East has caused speculators to jack up the price of crude oil and unleaded gas on the commodities markets.

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Category: Automotive, Business, Money Tags:
David McNew, Getty Images
David McNew, Getty Images
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Car Sales Grow Again. Good News for Auto Industry

It hasn't been that long, just a few years, since the automakers were in serious trouble. Car sales had bottomed out, and the battle against bankruptcy was on. But now, in an optimistic sign of the industry’s continued recovery, sales are enjoying their second straight year of growth.

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Scott Olson, Getty Images
Scott Olson, Getty Images
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Dozens of Kmart and Sears Stores to Close After Disastrous Holiday Season

If you’re a regular shopper at Kmart or Sears, you may soon have fewer places to spend your money — parent company Sears Holdings has said that in light of decreased holiday sales, it’ll close at least 100 stores in the coming months.

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