Detroit native Dan Gilbert is the majority owner of the Cleveland Cavaliers and founder of Quicken Loans. He bought several downtown properties that cover about 2 million square feet. He says he hopes to attract new businesses, prevent brain drain and make the area a top tech hub. Gilbert discusses his vision with host Michel Martin.
Bing is facing a massive financial crisis and population plunge in Detroit. He's also trying to avoid a state takeover of the city. The former businessman and NBA star speaks with host Michel Martin about what it takes to transform the city.
Starbucks has announced it's barreling into India with plans to open 50 stores before the end of the year. That's just one of several new strategies — from a new coffee product to serving alcohol at some of its U.S. stores — to get bigger and more profitable.
Americans drank more than 100 million liters of tequila in 2010. It's no wonder then, that a little-known spirit from Mexico is trying to make its name in the United States. Introducing Sotol — a smoky smooth liquor distilled in the Mexican state of Chihuahua.
European Union nations — except Britain and the Czech Republic — have agreed to sign a treaty to enforce budget discipline in the eurozone. European leaders meeting in Brussels Monday also promised to stimulate growth and create jobs.
Starbucks has announced that it is joining forces with major Indian food company Tata to open coffee outlets. The first stores are scheduled to open in Mumbai and New Delhi this summer. Foreign competitors, like Italy's Lavazza, already have opened stores.
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