Demolition for Hotel Charlevoix?

DEVELOPMENT

Detroit officials said Thursday they expect to receive a request for a demolition permit soon to raze the derelict Hotel Charlevoix near Grand Circus Park.

Built in the early 1900s, the onetime hotel has been vacant for about two decades, and the interior has been gutted over the years. Published reports have cited falling bricks and other problems as prompting a move to demolish the structure.

A city official who asked not to be named said late Thursday that no application for a demolition permit had been received yet, but that one was expected soon.

The site at Elizabeth and Park is expected to be used for surface parking following demolition. The structure is in an area of growing popularity for nightclubs.

TECHNOLOGY

Hewlett-Packard's latest quarterly results provided a glimmer of hope after months of gloomy news.

The fiscal first-quarter numbers announced Thursday topped what the slumping personal computer maker's own management and stock market analysts had forecast.

Like other PC makers, HP has been struggling to adapt to a shift toward smartphones and tablet computers, which are siphoning sales from desktop and laptop machines made by HP and other companies. Adding to the problems were some acquisitions gone awry. Over the past two quarters, HP announced losses totaling $15.3 billion as the company accounted for those mishaps, to the shock of Wall Street. The jolt caused HP's stock to plunge to its lowest price in a decade just three months ago.

The shares have rebounded since then, though they remain about 20% below where they were in September 2011, when the company fired Leo Apotheker as its CEO and hired Meg Whitman.

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Demolition for Hotel Charlevoix?