Michigan BusinessInternational and Local Small Business News on Economics & Finance
Banks in Michigan, 4 other states closed by regulators
By The Associated Press
November 07, 2009, 1:25AM
Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans. Full story »
Analysis: 10 percent jobless is Obama's new world
By The Associated Press
November 07, 2009, 12:33AM
The unemployment number masks the fact that job losses slowed compared to past months — the work force went down by 190,000 in October compared to 219,000 in September. Full story »
Instead of layoffs, Zeeland's ODL Inc. will pay 35 workers to work for nonprofits during rest of year
By Myron Kukla | The Grand Rapids Press
November 06, 2009, 6:13PM
Company estimates the donation is worth at least $170,000. Full story »
President Obama signs unemployment benefit extension measure into law
By Sven Gustafson
November 06, 2009, 4:49PM
The move, which was expected, could help 100,000 Michigan residents whose benefits will be exhausted by the end of the year. Full story »
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Auto supplier Sellner-Behr to hire 25 workers in Comstock Park, Michigan
By Sven Gustafson
November 06, 2009, 4:27PM
Sellner-Behr Corp. has added a $1 million polyester topcoat application machine to accommodate the project to its 125,000 square-foot factory in Alpine Township, the Grand Rapids Press reports. The township board has approved a 12-year tax break worth $24,000 for the equipment and other investments totaling $1.3 million. Full story »
Allen Park, Michigan's Unity Studios scores production company owned by former Pistons forward Dale Davis
By Sven Gustafson
November 06, 2009, 3:29PM
The announcement follows a recent television news report that cast doubt over whether the project would ever materialize. A spokesman for the studio on Friday said the report was "completely false" and said the company has moved into the former building. Full story »
Sales, recruitment, technology, programmer job openings in Ann Arbor, Port Huron, Auburn Hills, Michigan
By Sven Gustafson
November 06, 2009, 1:21PM
New postings on Ann Arbor SPARK's jobs board from the past week include positions with the University of Michigan, SUR Energy and mobile phone app developer Mobatech. Full story »
President Obama signs US homebuyer, jobless bill assistance
By The Associated Press
November 06, 2009, 1:08PM
President Barack Obama signed into law a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the U.S. economy veers toward recovery. Full story »
West Michigan Realtors celebrate expansion of home buyer tax credit
By Cami Reister | The Grand Rapids Press
November 06, 2009, 1:05PM
The first-time home buyer credit was extended through June 30 and also includes existing homeowners. Full story »
Walmart fires next shot in holiday price war: New release DVDs for $10
By Shandra Martinez | The Grand Rapids Pres...
November 06, 2009, 12:48PM
Target and Amazon.com have matched Walmart's price drop. Will Meijer? Full story »
Sellner-Behr Corp. lands BMW wood veneer contract, on top of Cadillac, Mercedes, Lincoln
By Aaron Ogg | The Grand Rapids Press
November 06, 2009, 12:08PM
Local supplier Sellner-Behr Corp. is trusted with a crafting wood veneer for luxury cars. Full story »
3 expanding and hiring manufacturers in Lapeer and Manistee, Michigan get state road grants
By Sven Gustafson
November 06, 2009, 11:42AM
All three companies – Kamax LP in Lapeer and Mariah Power and Amptech Inc. in Manistee – plan to hire as part of the expansion plans. Together, the companies plan to create nearly 700 new jobs, Gov. Jennifer Granholm said in a statement. Full story »
Higher U.S. unemployment rate of 10.2% for October a discouraging sign for Michigan
By Sven Gustafson
November 06, 2009, 10:22AM
The Great Lake State, of course, had the nation's highest unemployment rate for September at 15.3 percent. And economists say a national recovery must occur to lift Michigan's economic boat. Yet there was little sign of that happening from the Labor Department report. Full story »
Jobless rate tops 10 percent for first time since 1983
By The Associated Press
November 06, 2009, 8:55AM
The unemployment rate has surpassed 10 percent for the first time since 1983 — and is likely to go higher. Full story »
Community members spar over Dow Chemical dioxin settlement
By Jeff Kart | The Bay City Times
November 05, 2009, 11:16PM
Some people like the sound of the word "settlement," and want to see a proposal between government regulators and the Dow Chemical Co. proceed, to clean up pollution in the Saginaw River watershed and put the specter of dioxins to rest. Others think the pending settlement doesn't involve riverfront property owners enough in evaluating how a cleanup of the... Full story »
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