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Posted on Tue, May 11, 2010 : 11:23 a.m.

Chrysler & GM back on fast track, Obama seeks to split off-shore drilling agency

By Erica Hobbs

Here's a collection of the Metro Detroit, Michigan and national business news stories today:

Metro Detroit: • Detroit Free Press: Chrysler, GM back on fast track • Crain's Detroit Business: Metro Detroit housing statistics show jump in sales, continued price erosion

Michigan: • Business Review West Michigan: Maintain state tax incentives, lawmakers urged • Kalamazoo Gazette: Michigan officials: Teens should expect tough going in search for summer jobs • MLive.com: 311,000 highway jobs credited to the stimulus; more transportation projects needed says research group

U.S.: • New York Times: Obama seeks to split agency that monitors oil drilling • Wall Street Journal: Toyota expects big full-year profit • USA Today: Euro euphoria fizzles: U.S. stocks give back gains