The move came Wednesday, before the NHL's trade deadline.
The 28-year-old Newbury played in four games for the Red Wings and scored one goal. He had 33 points in 52 games with the Grand Rapids Griffins in the American Hockey League. The 23-year-old Owens had 19 points in 50 games for the AHL's Hartford Wolfpack this season.
|Trade deadline links|
Community: Trade deadline message board
New York also acquired defenseman Anders Eriksson from the Phoenix Coyotes for minor league goalie Miika Wiikman and a seventh-round pick in next year's draft. The 35-year-old Eriksson will report to Hartford of the AHL. Eriksson has played in 564 NHL games over 11 years with Detroit, Chicago, Florida, Toronto, Columbus, Calgary and Phoenix.
He had three assists in 12 games after signing with the Coyotes on Dec. 21.
Detroit was not expected to make a major move because injured players such as Johan Franzen, Tomas Holmstrom, Andreas Lilja and Niklas Kronwall have returned to the lineup.