Economy

DEARBORN, MI (AP)--   AAA Michigan says gasoline prices have risen about 10 cents during the past week to a statewide average of about $3.88 per gallon. 

The auto club says Monday the average is about 13 cents per gallon more than last year at this time.

Of the cities it surveys, AAA Michigan says the cheapest average price for self-serve unleaded fuel is in the Saginaw and Bay City areas, where it's about $3.83 a gallon. The highest average is in the Marquette area at about $3.95.

Dearborn-based AAA Michigan surveys 2,800 Michigan gas stations daily.

NEGAUNEE, MI--   Bell Hospital is closing its assisted living facility. 

Officials say they’ve received a tentative offer on the Woodland Senior Living Community, which currently accommodates only 13 people.  Bell Vice-President of Organizational Development Ruth Solinski says residents were given a 45-day notice last week, and although the sale is tentative, officials are confident it will go through. 

DETROIT, MI--   Shares of General Motors are trading above $33 for the first time in more than two years. 

The automaker's stock reached $33.58 Friday morning before pulling back to $33.50, up 3.4 percent, at

midday.  It's the first time the stock has risen above GM's initial public offering price since May 4, 2011.  GM sold shares for $33 in a November 2010 IPO.

The shares are up almost 14 percent this year, due largely to strong first-quarter earnings, better prospects in Europe and a rally in U.S. stock markets.

MARQUETTE, MI--   Cliffs Natural Resources and Rio Tinto Eagle Mine have entered into a deal they say will benefit both the community and their companies. 

At a press conference in Marquette Friday morning officials announced a new, $4 million fund has been created to assist community-focused projects in Marquette County.  In exchange the companies will gain improved rail line access and transportation.