SAGINAW BUSINESS

Local Small Business, Market Updates, Auto Industry, Economy, Finance News & More

MIDLAND -- Officials say a joint petrochemicals venture between Dow Chemical Co. and a Kuwaiti company will begin operations by Jan. 1.

Dow and Petrochemical Industries Co. of Kuwait have agreed to form K-Dow Petrochemicals. Officials said the total enterprise value of K-Dow is about $17.4 billion.

Continue reading "Dow, Kuwaiti venture moves forward" »

Frankenmuth High School students will take a shot at handling a segment of their finances, as school board members recently approved Eagle Credit Union.

"Noelle (Conzelmann, marketing coordinator for the Frankenmuth Credit Union) and I talked about it a little bit last year, and I talked to the principal as well," said Tamara Ley, business and accounting teacher at the high school. "They have been very supportive of the idea."

Conzelmann said students who participate in the credit union will gain the knowledge and responsibility of how to manage their finances.

Continue reading "Frankenmuth High gets own credit union" »

A Saginaw scrap metal dealership relocating across the Saginaw River will get some moving cost relief.

Gov. Jennifer M. Granholm announced Rifkin Scrap Iron and Metal Co., 1445 N. Niagara, will receive $282,800 in city and school tax capture money for the $18 million move to a site on North Washington from First to Sixth.

Continue reading "Rifkin Scrap Iron gets state help in relocating" »

Dave Russell didn't have to fight through crowds Friday morning when he opened Bannan's Home Electronics Sales & Service.

"I got here at 9 a.m.," said the owner of the store, 238 N. Center in Saginaw Township. "They weren't lined up like on Bay Road, but I had 20 calls on the answering machine asking when I was going to be open."

Continue reading "Locally owned stores rely on service to battle bigger retailers" »

Thanksgiving marks a time when many of us gather with family and friends to share food and give thanks for the blessings we have. It's also the day when holiday shoppers start gearing up for the wildest shopping day of the year.

Whether you're a Black Friday pro or novice, this guide will help you achieve a shopping victory.

Check it out here.

For years, Robert Peters drove his wife and two children down M-13 for Thanksgiving dinner at Gracie's Country House.

The 82-year-old will miss the prime rib and side dishes at the Albee Township buffet restaurant.

Continue reading "What happens to your gift card if the company goes out of business?" »

Nurses and service workers at the Lutheran Home of Frankenmuth have a contract after 18 months of negotiations.

The contract is the first for the 177 United Auto Workers Local 1135-represented employees, said Don Petro, an international UAW servicing representative. The pact takes effect Monday, Dec. 1.

Continue reading "Lutheran Home workers in Frankenmuth get their first union contract" »

State inspectors Monday were back at HealthSource Saginaw for a second review that cleared three citations stemming from complaints filed against the facility's long-term care unit during the past year.

HealthSource President and Chief Executive Officer Lester Heyboer Jr. said the hospital filed a correction plan in October and staff were compliant with updated education by Oct. 21.

Continue reading "State inspectors clear HealthSource Saginaw on three complaints filed against the facility" »

Bye-bye, Barry's.

In September when Steve & Barry's said it would keep its Fashion Square Mall outlet open -- despite closing more than 100 sites nationwide, including one at Midland Mall -- it looked like the Saginaw Township site escaped the chopping block.
Not the case.

The Port Washington, N.Y.-based retailer Tuesday said a joint venture group will shutter the remaining 173 stores over the course of the holiday shopping season.
A U.S. Bankruptcy Court judge had approved a $163 million acquisition of the university logo discount clothier to a pair of companies from New York and Denver.

Continue reading "Steve & Barry's University Sportswear to close its store in Fashion Square Mall" »