Business News

DiSantis is new Verso Corp. CEO

MEMPHIS, Tenn. — Verso Corporation announced that B. Christopher DiSantis will become the chief executive officer and a director of Verso effective as of Feb. 1. An entrepreneurial leader with extensive manufacturing experience, DiSantis brings to Verso a proven record of success in leading ...

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Maloney is new assistant trust officer

ESCANABA — Jenine Maloney has been promoted to assistant trust officer at Northern Michigan Bank & Trust. She has worked in the trust department four years and will be responsible for investment management as well as trust and estate administration. A graduate of Central Michigan ...

Surgeon awarded two fellowships

MARQUETTE — Dr. Frank Farbod of Marquette was bestowed two fellowships by the Royal College of Physicians and Surgeons in Scotland at the University of Glasgow on Oct. 27, 2016. Fellowship is conferred to surgeons by nomination who, in the opinion of the Royal College of Surgeons, have made ...

How Trump says he’ll break from business

NEW YORK (AP) — Donald Trump says he is leaving his famed business behind. Well, sort of. That is the muddled message from the president-elect’s news conference this week about plans to separate himself from his business while in office to avoid conflicts of interest. Trump and his ...

More pay, greater confidence lifts US retail sales 0.6 pct.

WASHINGTON (AP) — Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and a solid increase in pay. Retail sales rose a seasonally adjusted 0.6 percent, following a small 0.2 percent gain in November, the Commerce ...

Beaudre named mBank vice president

MANISTIQUE — mBank announces the recent promotion of Bernie Beaudre from AVP deposit compliance/bank secrecy act (bsa) officer to vice president – deposit compliance/bank secrecy act (BSA) officer, located in Manistique. Beaudre has been with mBank for over 26 years providing leadership ...

New tax laws, bigger deductions ahead for small businesses in 2017

By Joyce M. Rosenberg AP Business Writer NEW YORK (AP) — Each year, business owners can count on changes in tax law and other rules. For 2017, small businesses are getting a bigger deduction for equipment purchases, and those that aren’t required to provide health insurance will have ...

MacArthur promoted to VP by mBank

MANISTIQUE — mBank  announces the recent promotion of Magan MacArthur from AVP mortgage loan officer to vice president – mortgage loan officer, located in Manistique. MacArthur has been with mBank since 2009 where she started as a branch manager overseeing the branch staff and handling ...

Harrell to serve on rural electric panel

GLADSTONE — Alger Delta CEO Tom Harrell has been tapped to serve on the National Rural Electric Cooperative Association’s (NRECA) CLCP Panel. The panel is made of up of electric utility and insurance company professionals with expertise in various elements of the electric utility business ...

Businesses upbeat about 2017

By Joyce Rosenberg AP Business Writer NEW YORK (AP) — Donald Trump’s election as president has made many small business owners more upbeat about 2017. Dean Bingham says he’s cautiously optimistic because business picked up at his auto repair shop after the election — people who ...

Long-term US mortgage rates rise

WASHINGTON (AP) — Long-term US mortgage rates ticked up again this week, staying at their highest levels since early 2014. Mortgage buyer Freddie Mac reported the rate on 30-year fixed-rate loans rose to an average 4.32 percent from 4.30 percent last week. That average is at its highest ...

Weekly applications for US jobless aid fall

WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week, continuing a nearly two-year trend that suggests a solid job market. THE NUMBERS: Weekly requests for jobless aid fell 10,000 to a seasonally adjusted 265,000, the Labor Department said Thursday. The less ...

Peninsula Federal Credit Union honored

ESCANABA — BauerFinancial, a bank and credit union rating firm, has congratulated Peninsula Federal Credit Union, Escanaba, for ringing-in 2017 with its highest 5-Star Superior rating. Peninsula Federal Credit Union is no newcomer to Bauer’s 5-Star Rating. In fact, Peninsula Federal Credit ...

Adaptation: Small retailers shift plans as online sales grow

NEW YORK (AP) — When shoppers walk into JAM Paper, they can choose from hundreds of holiday bows, rolls of wrapping paper and gift bags, in addition to thousands of everyday stationery items. Yet the store will account for just 2 percent of the company’s business this year. JAM Paper now ...

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Lift Nutrition open for business

Jordan Beck | Daily Press Lift Nutrition co-owner Kevin Angsten, center, gets ready to do the honors at a ribbon-cutting ceremony for his newly-opened store at 1109 Ludington St. Standing next to him is Brittany Angsten, his wife and the store’s other co-owner. Members of the Ambassadors of ...

Mining group honors Eagle Mine

RENO, Nev. — The American Exploration & Mining Association (AEMA) honored two Midwestern mining companies at its 122nd Annual Meeting last week in Reno, Nevada. Minnesota based PolyMet Mining Inc. received AEMA’s Environmental Excellence Award for its responsible development of the ...

Focusing on seniors: Business owners follow the demographics

Joyce M. Rosenberg AP Business Writer NEW YORK (AP) — Some small business owners looking for customers are following the nation’s changing demographics — literally. They’re moving long distances to places like Florida, Arizona and California, expecting retiring baby boomers to ...

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Drowns have plans for Terrace

ESCANABA — A young, ambitious couple relocated to Escanaba over four years ago with dreams of growing their family and becoming entrepreneurs. The couple realize the great potential for the area, especially an area overlooking Little Bay de Noc, formally known as the Terrace Gardens Dance ...

Business After Hours is Wednesday

ESCANABA — Business After Hours will be held Wednesday, Dec. 14, from 5 to 7 p.m. at the William Bonifas Fine Arts Center. This month’s Business After Hours is sponsored by WLUC TV 6 and co-sponsored by William Bonifas Fine Arts Center. Attendees will be served a holiday buffet from ...

Noreus attends conference for advisors

ESCANABA — For the second time, Edward Jones Financial Advisor Margaret Noreus, of Escanaba, attended Barron’s Top Women Advisors Summit held in Palm Beach, Fla., on Nov. 30-Dec. 2. The conference gathers the nation’s top women financial advisors and leading industry decision-makers. ...