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In the News (2583)

It's Friday, the Motor City is bankrupt, strong corporate earnings continue to roll in, and we've managed to make deadline for the print edition of MiBiz.  Here's today's West Michigan business news, done briefly.  Look for updates throughout the day. 

Welcome to the Ticker. Rather than throw another e-newsletter at you or write 400-word stories about news that can be boiled down to a few sentences, we've started this new section, which will be updated throughout the day. If you have breaking news, send it to [email protected]

The Michigan economy is showing more signs of life. Comerica Bank's Michigan Economic Activity Index edged up 3 percentage points in May to 125.2. Chief Economist Robert Dye attributed the increase to strong U.S. auto sales having a positive affect on the local economy, including employment. Dye expects Michigan's improvement to continue through the rest of the year.

Stryker Corporation (NYSE: SYK) released second-quarter results after the bell today.  Net sales grew 5 percent to $2.2 billion and net earnings declined 34.5 percent to $213 million versus last year's Q2 results.

Snyder: 'Let's do something, Michigan'

Written by | Thursday, 30 May 2013 13:46 |

Gov. Rick Snyder wants to make it easier for Michigan residents to connect with volunteer opportunities, share good news from the state and serve as de facto ambassadors to the rest of the country.

Mackinac Policy Conference coverage

Written by | Tuesday, 28 May 2013 17:05 |

The 2013 Mackinac Policy Conference kicks off Wednesday. Some 1,300 business and political leaders from Southeast Michigan and across the state will descend on Mackinac Island for the annual Detroit Regional Chamber event, which features in-depth discussions on important issues for the Michigan's business community, ranging from the economy and education to leadership and global competitiveness.

The estimated $27 million effort to restore the rapids in the Grand River has a new supporter: the U.S. Environmental Protection Agency’s Urban Waters Federal Partnership.

The next merger for Spectrum Health has emerged: Ludington’s Memorial Medical Center.

Office-furniture supplier Knape & Vogt Manufacturing Co. plans to add more than 100 new jobs in West Michigan as it consolidates production from an Ontario plant to its facilities in Grand Rapids.

Law firms that united two years ago to promote and drive further diversity in the local legal community are about to launch a branding campaign designed to position Grand Rapids as a career destination for attorneys.

The Economic Club of Grand Rapids announced today that former Secretary of State and former United States Senator from New York Hillary Clinton will speak at the club’s annual dinner on June 17. 

Newell Rubbermaid plans R&D site in Kalamazoo

Written by | Wednesday, 27 March 2013 14:49 |

Newell Rubbermaid Inc. plans to open a design center in Kalamazoo, creating what Gov. Rick Snyder calls “well-paying” design jobs that pay an average of up to $80,000 annually.

Looks like West Michigan residents may have to wait for some Two Buck Chuck after all.

 

Health insurers in Michigan are now banned from including “most-favored-nation” (MFN) clauses in contracts with hospitals.

MiBiz Growth Report: Feb. 18, 2013

Written by | Sunday, 17 February 2013 22:00 |

M&A: Allegan-based Perrigo Co. (Nasdaq: PRGO) acquired Leeds, U.K.-based generic prescription manufacturer Rosemont Pharmaceuticals Ltd. for approximately $283 million in cash. The acquisition allows Perrigo immediate access to Rosemont’s oral liquid formulations business, which fits with Perrigo’s strategic objective of broadening its product base and gaining a leadership position in a growing market. Rosemont’s 200 employees will join Perrigo. As a result of the deal, Perrigo expects reported earnings of between $4.67 and $4.87 per diluted share for fiscal year 2013, compared to $4.18 in fiscal year 2012.

After a few months of searching, Fox Motors, one of West Michigan’s largest auto dealership groups, has found a location in Chicago to house its first out-of-state dealership.

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