Job Openings Drop Over Last Year, Remain Historically High
Labor market data dominated the past week’s economic calendar. Nonfarm payrolls rose 339,000 in May, nearly double the consensus forecast of 195,000. The prior two months’ payrolls were revised...
Companies Approach Environmental, Social, Governance Policies as Useful Tool
Business leaders believe that having a strong stance on Environmental, Social, Governance policies can help make them role models.
Blackford Capital Acquires Industrial Automation Leader PACIV
Grand Rapids, Mich. — Blackford Capital, a leading lower middle market private equity firm, announced the acquisition of PACIV, which specializes in industrial automation solutions.
PACIV is a leading full-service...
West Michigan Business Leaders Offer Best Practices to Face ‘New Reality’
Some of West Michigan's most prominent business leaders talked about best practices during the recent Best and Brightest Celebration.
State Unveils ‘Make it in Michigan’ Strategy
Gov. Gretchen Whitmer unveiled the state's "Make It in Michigan" plan, a strategy to keep economic progress in the state moving.
Succession Plan Helps Create Business Continuity
Experts say creating a strong succession plan can be in the best interest of everyone involved in the family business.
Comerica Bank Unveils Newly Renovated Jefferson-Chene Banking Center
Detroit, May 31, 2023 – Comerica Bank officially unveiled today the newly renovated Jefferson-Chene Banking Center to complement the excitement of the Chevrolet Detroit Grand Prix presented by Lear’s...
CEO: Pandemic Lessons Learned Help Build ‘New Reality’
Like most business leaders these days, Kevin Schnieders hates talking about the Covid pandemic and the affect it had on business.
For Schnieders, the chief servant leader at EDSI, a...
General Motors Announces $3 Million in Grants to Nonprofits
DETROIT – This week, General Motors announced charitable investments in the communities surrounding its U.S. manufacturing facilities, providing grants to 157 nonprofit organizations totaling $3 million.
The grants were provided through...
Comerica Bank Appoints Kevin Watkins National African-American Business Development Manager
Detroit – Comerica Bank has appointed Kevin Watkins as its National African American Business Development Manager, supporting Comerica’s steadfast commitment to develop and grow relationships with African American business...
Walker Named New President at Truscott Rossman
DETROIT – Truscott Rossman announced the culmination of a five-year growth plan that positions the agency to grow in the future and named Allie Walker as the firm’s new...
After Recent Spike, Unemployment Applications Fall
Following a recent spike, applications for unemployment benefits took a dive last week.
According to statistics released Thursday by the Labor Department, some 242,000 Americans applied for jobless benefits in...
Target’s Quarterly Profits Fall; Company Optimistic About Sales
Target Corporation announced its first quarter 2023 financial results, which reflected continued traffic and sales growth in what company officials called an “increasingly challenging environment.”
The Company reported first quarter...
Celebration Honors West Michigan’s Best and Brightest Companies To Work For
Dozens of West Michigan business were honored as Best and Brightest companies at a ceremony Tuesday in Grand Rapids.
After Another Rate Hike, Fed Softens Language About Future Raises
As expected, the Federal Open Market Committee (FOMC) raised the federal funds target 0.25 percentage points to a range of 5.00% to 5.25% on May 3rd. The Fed’s policy...
U.S. Jobless Claims Rise to Highest Level in 18 Months
While there are still plenty of jobs to be had, the number of American workers filing for unemployment benefits is beginning to climb.
According to statistics released Thursday by the...
Jenny Craig Files for Bankruptcy Protection
Weight-loss program Jenny Craig announced this week on its website the business is shutting down.
Bloomberg reported that Jenny Craig has begun liquidating its operations in the U.S. after efforts...
First Republic Bank Sold to JPMorgan Chase
NEW YORK — JPMorgan Chase announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal...
Krueger Retiring as Chair at Wolverine Worldwide
Blake Krueger, the chairman and former CEO of Wolverine Worldwide, ending his 30-year tenure with the a publicly traded footwear conglomerate based in Rockford, Mich., just outside Grand Rapids.
Krueger...
Grand Rapids-Based Wolverine Building Group Advances Team Roles
GRAND RAPIDS, MI – Wolverine Building Group, a leading construction firm headquartered in Grand Rapids, Michigan, announced today the promotions of John Lafrinere, Brandon Bienhoff, and Francis Pytlowany.
“We’re thrilled...
