rss icon

MSHDA names new executive director

Written by | Thursday, 23 April 2015 10:32 |

The former chief deputy director of the Department of Licensing and Regulatory Affairs has been unanimously approved by the board of directors at the Michigan State Housing Development Authority to serve as its executive director. 

Despite expectations for a flat global automotive market, particularly overseas, executives at Zeeland-based Gentex Corp. said today that they stand behind their earlier projections for the current year as the company continues to make inroads in getting its content into smaller vehicles.

The results of a new survey conducted by Massachusetts-based office supply chain Staples Inc. shows that 80 percent of small business leaders in the Midwest are largely optimistic about the economy.

Partners Horizon Group Properties Inc. (OTC: HGPI), a Norton Shores-based developer of factory outlet shopping centers, and Tennessee-based CBL & Associates Properties Inc. (NYSE: CBL) have broken ground on two different projects in the southern U.S., according to a pair of statements.

This week’s approval by the Federal Reserve Board came a week before shareholders at the privately-held Lake Michigan vote on April 27 to consider the deal, which would give the Midland-based Chemical Financial (Nasdaq: CHFC) $8.7 billion in combined total assets and $6.9 billion in combined deposits.

Directors at Perrigo Co. plc have rejected a buyout offer from English-based Mylan N.V. citing its own strong growth potential through new product development and from business related to past and future acquisitions.

Mercantile reports strong first quarter

Written by | Tuesday, 21 April 2015 13:55 |

The Grand Rapids-based Mercantile Bank (Nasdaq: MBWM) recorded for the first quarter net income of $6.46 million, or 41 cents per diluted share, which compares with $3.58 million and 41 cents per diluted share in the first quarter of 2014.

The ranking from Truven Health Analytics marked the fourth time that Grand Rapids-based Spectrum Health made the list. Spectrum Health was the only Michigan health system cited this year by Truven.

The English pharmaceutical company that wants to buy Perrigo Co. plc is now the target of an unsolicited buyout offer.

Perrigo's shares dip after Bloomberg report

Written by | Friday, 17 April 2015 15:32 |

Perrigo Co. plc’s share price dipped this afternoon after Bloomberg reported that Israeli generic drug maker Teva Pharmaceutical Industries Ltd. was considering a bid for Mylan NV, which two weeks ago submitted an unsolicited offer to buy Perrigo.

Walker-based retailer Meijer Inc. has rolled out “Curbside,” a grocery pickup program it previously operated but canceled in 2013 due to store remodels.

Consumers Energy announced today that it had surpassed its goal of spending $1 billion with Michigan companies over the last four years. The utility company connected with nearly 400 other businesses on contracts through the Pure Michigan Business Connect (PMBC) program, according to a statement.

Student-focused housing planned for west side

Written by | Thursday, 16 April 2015 10:00 |

Rockford Construction announced that it closed on the final, needed parcel of land along West Fulton Street between Lexington and Seward streets in the vicinity of Grand Valley State University’s Pew Campus. The general contractor and developer plans to build “Fulton Place,” a 112-unit, three-building, mixed use development targeted at GVSU students, according to a statement.

LG Chem plans to double Holland workforce

Written by | Wednesday, 15 April 2015 14:44 |

Holland-based LG Chem Michigan Inc. announced today that it will host an all-day job fair on April 21. The manufacturer of electric vehicle batteries for automotive applications plans to double its workforce in 2015, according to a statement.

Family Christian to have new owners by early June

Written by | Wednesday, 15 April 2015 14:31 |

Attorneys for the Grand Rapids-based national retailer of Christian books and gifts, as well as attorneys for affiliates and various creditors were back in the Western District of Michigan Bankruptcy Court on Tuesday. Judge John T. Gregg allowed motions to go forward for the use of cash collateral and bidding procedures for a Section 363 sale of the company's assets.

The two this morning finalized a deal where Spectrum Health would take on ownership of the Hastings health system, which would become known as Spectrum Health Pennock. As part of the agreement, Spectrum Health committed $46 million in capital to Pennock and to maintain essential services in Hastings over the next decade.

Grand Rapids construction firm Orion Construction announced yesterday that it has completed the renovation of 210 Front Avenue on the city’s west side.

Southfield-based Chassix Holdings Inc. announced today that it has gained approval for $250 million in debtor-in-possession financing by the United States Bankruptcy Court for the Southern District of New York, according to a statement.

Kalamazoo College President Eileen B. Wilson-Oyelaran announced her retirement today, effective June 30, 2016.

The Grand Rapids Downtown Development Authority this morning approved three grants to support Rockford Construction’s estimated $3.5 renovation of 89 Ionia Ave. NW.

Breaking News

July 2015
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Follow MiBiz