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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.


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.

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

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.

Venture capital investing in Michigan had one of its best years ever in 2012, as both deal volume and the amount invested rebounded and surpassed pre-recession levels with a boost from three larger deals.

Construction firm Owen-Ames-Kimball Co. announced Friday that Frank Stanek would take over as company president starting Jan. 1.

Michigan is a little more competitive with other states today than two years ago. But despite that progress, the state is still far from a goal of corporate CEOs to become a top 10 state for economic, job and income growth, according to an annual report.

West Michigan’s comparatively strong economic performance this year can be traced back to its long-term strength in manufacturing.

Dykema survey: M&A could pick up in 2013

Written by | Tuesday, 11 December 2012 15:51 |

The coming year could see a slight uptick in mergers and acquisitions in the U.S. compared to the past few years, according to annual M&A survey results from law firm Dykema.

Whoever becomes the next dean for Grand Valley State University’s Seidman College of Business has a lot to build on.

Legislation that would allow Blue Cross Blue Shield of Michigan to become a not-for-profit mutual insurer cleared the state Legislature on Thursday and heads for Gov. Rick Snyder’s signature.

Davenport University will have a new business dean on board early in the new year.

H. James Williams is leaving Grand Valley State University’s Seidman College of Business to become president of Fisk University in Nashville, Tennessee.

The key to solving Michigan’s problems and moving the state forward can be described in one word: collaboration.

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