Finance

LOS ANGELES (GLOBE NEWSWIRE) -- Warner Music Group announced a groundbreaking partnership with and investment in Wave, the leader in virtual entertainment. Through this collaboration, Wave will develop virtual...

NEW YORK - Verizon and Apollo Global Management, Inc. announced that funds managed by affiliates of Apollo (the “Apollo Funds”) entered into an agreement to acquire Verizon Media for $5...

Huron Capital Partners announced Jim Mahoney managing partner as part of a management succession plan.

Huntington Bancshares and TCF Financial announced a merger valued at $22 billion that should close in the second quarter of 2021.

Gov. Gretchen Whitmer and the state Legislature have reached agreement on a 2021 budget, though concerns still exist over a likely 2022 shortfall.

Financial-services companies, especially membership-focused credit unions, are seeing success during the coronavirus pandemic through an increase in digital offerings, a shift in their real-estate strategies and support for staff...

Experts say the recently announced initial public offering of “Rocket Companies” creates a new combined business that's "call simple yet sophisticated."

Gov. Gretchen Whitmer and GOP leaders in the state Legislature reached agreement Monday on a deal that avoids a deficit projected to grow near $6 billion by Fiscal 2021.

Two of the biggest health systems in the Midwest have resumed merger talks that could produce a $17 billion company. The talks were interrupted by the COVID-19 crisis.

Borrowers and lenders have been waiting – and hoping – for some flexibility in the federal Paycheck Protection Program. On Wednesday, the U.S. Senate gave it to them.

Now that some 4.4 million loans for more than $511 billion have been approved under the CARES Act's Paycheck Protection Program, borrowers and lenders alike are looking for better guidance on how the loan forgiveness part of the plan is going to work.

Like most businesses, local governments have been hit hard during the COVID-19 crisis. In Oakland County, local governments are about to get some help.

The Small Business Administration, in consultation with the Department of the Treasury, released the Paycheck Protection Program Loan Forgiveness Application and detailed instructions for the application.

More than 2,700 businesses got some much-needed relief from the financial impact of the COVID-19 crisis when the MEDC announced some $10 million in grant awards.

The second round of the federal Paycheck Protection Program is going much better than the first, which ran out of money in 13 days. Michigan is among the Great Lakes Region leaders in loans approved and money loaned.

Will the $310 billion set aside for the Paycheck Protection Program be enough? The program, which only reached a small percentage of borrowers the first time, is now open for business in the second round of loans.

Applications are expected to be plentiful, so Great Lakes-area Small Business Administration officials are urging businesses to get in touch with their lenders.

Finacial services and advisory firm Rehmann kick-started the new decade, announcing 15 promotions in the greater Grand Rapids area.

Level One Bancorp has wanted to reach into Ann Arbor for a couple of years. Now it has, completing a merger with Ann Arbor Bancorp that extends Level One's network.

LAFCU is ramping up its efforts to make sure students are educated in financial matters, hiring a credit union veteran to spearhead its program.