Pipeline partner DTE
starts Michigan turbines
DTE Energy, a 50/50 partner with Enbridge in the Nexus Pipeline that crosses Ohio, says it's flipped the switch on a 65-turbine wind project in central Michigan.
The utility announced Friday that the Pine River wind park in Gratiot and Isabella counties is running and can provide enough electricity for more than 54,000 homes.
DTE says it will generate enough energy from renewable sources to serve 800,000 homes by 2022. It plans to spend an additional $2 billion in renewable energy over the next five years, more than doubling capacity in wind and solar.
In a written statement, DTE describes Pine River as the largest operating wind project in Michigan.
Disappointing jobs report
sends chill to stock market
Stocks closed lower on Wall Street Friday, leaving the benchmark S&P 500 index with its worst weekly showing since January and its eighth loss in the last nine days.
The wave of selling followed a disappointing report on hiring by U.S. employers.
The S&P 500 dropped 5.86 points, or 0.2 percent, to 2,743.07. For the year, it is up 236.22 points, or 9.4 percent.
The Dow Jones Industrial Average lost 22.99 points, or 0.1 percent, to 25,450.24. For the year, the Dow is up 2,122.78 points, or 9.1 percent.
The Nasdaq composite declined 13.32 points, or 0.2 percent, to 7,408.14. It is up 772.86 points, or 11.6 percent, for the year.
The Russell 2000 index of smaller companies gave up 1.74 points, or 0.1 percent, to 1,521.88. For the year, it is up 173.33 points, or 12.9 percent.
American grounds planes
to fix faulty overhead bins
American Airlines is grounding 14 planes to fix overhead bins on jets that recently underwent cabin makeovers.
An airline spokesman said Friday that nearly 40 flights had been canceled as a result.
American says it spotted problems with the quality of a vendor's work on the bins of two Boeing 737-800s, and grounded 12 more jets that had been worked on by the same vendor.
The president of the American mechanics' union says the bins pop open and poorly installed battery cables could chafe and catch fire.
Home builders increase
construction in January
U.S. housing starts jumped 18.6 percent in January, as builders ramped up construction of single-family houses to the fastest pace in eight months.
The Commerce Department said Friday that January groundbreakings occurred at a seasonally adjusted annual rate of 1.23 million. Home construction rebounded sharply from December, when the annual rate was just 1.04 million.
The rebound fueled optimism among economists that new-home sales will improve in 2019