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In the News (1990)

A former state representative and financial advisor from Otsego has been ordered to cease and desist sales of unregistered securities.

Despite an erratic environment for orders, Steelcase Inc. reported earnings on par with the previous year.

Bad debt incurred at Michigan hospitals and the financial assistance offered to help patients with medical bills declined by nearly $325 million in the first full year that the state expanded Medicaid eligibility under the federal Affordable Care Act.

Gov. Rick Snyder is wrapping up a week-long trade mission to Europe, which brought him to the Paris International Auto Show as well as to meetings in Germany and Italy. He’s been joined by several Michigan business and economic development leaders, including representatives from Grand Rapids-based The Right Place Inc. However, in the time he’s been gone, economic development legislation he’s championed has come to a halt and last week saw the indictment of one of his appointees over allegations related to the ongoing Flint water crisis. Snyder spoke with MiBiz on these topics and others on Friday morning from Milan, Italy.

Gov. Rick Snyder today recommended Jeff Mason, the head of the University Research Corridor that consists of the state’s top three research universities, to lead the Michigan Economic Development Corp.

Grand Valley State University has acquired the 63,000-square-foot operations facility from Ferris Coffee & Nut Co. on the west side of Grand Rapids.

Fettig steps down as CEO of Whirlpool

Written by | Wednesday, 21 June 2017 11:41 |

Jeff Fettig will step down as the CEO of Whirlpool Corp. after leading the Benton Harbor-based manufacturer of consumer products since 2004, according to a statement.

David Ramaker plans to retire in the third quarter as president and CEO of Chemical Financial Corp.

Legislation designed to attract large employers to the state with added tax breaks appears to have come to a grinding halt overnight.

Mill Steel Co. opens Houston facility

Written by | Tuesday, 20 June 2017 11:22 |

Mill Steel Co. will begin operations at its new facility near the southern U.S. border.

A subsidiary of CWD Real Estate Investment Inc. has proposed redeveloping a mostly underused commercial complex in Wyoming along 44th Street SW, according to municipal documents.

Automotive supplier Shape Corp. will invest $315,000 to create an advanced manufacturing education program at Grand Haven High School.

Medical device manufacturer Stryker Corp. will bolster its capabilities in medical imaging with the acquisition of an Ontario-based firm.

News on Friday that Inc. planned to buy struggling organic food retailer Whole Foods Market Inc. sent shockwaves through the grocery industry, including in West Michigan.

A family farming and trucking operation in Southwest Michigan is restructuring its finances through Chapter 12 bankruptcy protection, according to a filing Wednesday in the U.S. Bankruptcy Court for the Western District of Michigan.

Adventure Credit Union to open new branch

Written by | Thursday, 15 June 2017 11:11 |

After opening a new branch last month, Adventure Credit Union plans to begin work next week on another in the Grand Rapids-area market.

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