Business News

Remote work the norm even at small firms

By Joyce M. Rosenberg AP Business Writer NEW YORK (AP) — At more small businesses, any watercooler chat takes place in a messaging app. Staff meetings are held via Skype. There might not even be an office. Having a remote staff can be a good fit for many companies. Among the upsides: It ...

Pam’s Petals opens in Escanaba

ESCANABA — Floral shop Pam’s Petals opened in May at 1208 Ludington St., Escanaba. Owned by Pam and Jason Frossard, the business carries fresh cut flowers, houseplants, Carson’s chimes, candles and other floral supplies. “We arrange flowers for all occasions — sympathy, ...

U.P. State Bank expands to Gladstone

GLADSTONE — Upper Peninsula State Bank Board of Directors, officers, and staff gathered with development partners and city officials Wednesday to celebrate the ground breaking of Upper Peninsula State Bank’s newest office location in Gladstone, located at 1 Lowrie Avenue, on the corner of ...

Ashley Furniture HomeStore to open new store in Marquette

MARQUETTE — Ashley Furniture HomeStore in Escanaba is expanding to offer an additional location in the Upper Peninsula. The expansive showroom will be located on US-41 in Marquette across from the Marquette Mall. Extensive remodeling to both the interior and exterior of the new location is ...

Where’s my raise? 5 reasons pay isn’t rising

WASHINGTON (AP) — Eight years after the Great Recession ended, the economy is steadily churning out jobs, and the unemployment rate is at a 16-year low. Yet for most Americans, a key measure of economic health — pay growth — still lags behind pre-recession norms. That isn’t likely ...

US services firms expand at faster pace

WASHINGTON (AP) — U.S. service companies expanded at a faster pace last month, pushed up by slightly better sales and a pickup in new orders. The Institute for Supply Management, a trade group of purchasing managers, saidthat its services index rose to 57.4 in June, from 56.9 in May. Any ...

Long-term US mortgages rise to high level

WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week to highest level since mid-May. Mortgage buyer Freddie Mac said that the rate on 30-year, fixed-rate mortgages rose to an average 3.96 percent from 3.88 percent last week. It stood at 3.41 percent a year ago. The rate on ...

Requests for jobless aid rise to 248,000

WASHINGTON (AP) — Slightly more Americans applied for jobless aid last week, but the number of people seeking benefits has stayed near historic lows that point to a robust job market. Weekly applications rose by 4,000 to a seasonally adjusted 248,000, the Labor Department said Thursday. The ...

Huntington

Huntington Bank holds ribbon cutting

Jordan Beck | Daily Press Mark Elegeert, branch manager for a Huntington Bank branch, located inside the Escanaba Meijer’s store, does the honors during a ribbon-cutting ceremony for the branch Wednesday as representatives of Huntington, Meijer, the Delta County Chamber of Commerce, and the ...

Johnson DSTECH

Johnson joins DSTech technical team

ESCANABA — DSTech of Escanaba announces the addition of Jared Johnson, of Gladstone, Johnson will be joining the company as a network technician. He has previously worked for Big Smile Technology in Gladstone where he served as IT manager. In that position, he gained valuable experience in ...

Credit union earns five-star rating

ESCANABA — Peninsula Federal Credit Union reports it has once again earned a coveted five-Star rating from BauerFinancial, the Nation’s Premier Bank and Credit Union Rating Firm. A five-star rating indicates the credit union excels in areas of capital adequacy, profitability, asset ...

Trump’s Labor Dept wants salary to count on overtime rule

WASHINGTON (AP) — The Labor Department said Friday it wants salary level to count in deciding who is eligible for overtime pay. But it’s holding off setting the maximum pay a worker can get and still qualify. That’s according to a brief filed by the Trump administration in federal court ...

St. Francis welcomes new provider

GLADSTONE — OSF HealthCare St. Francis Hospital & Medical Group welcomes Shayna Orlich, NP to its Gladstone clinic. An Escanaba graduate, Orlich went on to receive her bachelor of science degree from Northern Michigan University in Marquette and her master of science in nursing from ...

Peninsula Federal Credit Union recognized

ESCANABA — Peninsula Federal Credit Union was recognized with the 2017 America Saves Designation of Savings Excellence for its extraordinary efforts during America Saves Week to encourage members to save money. The award is presented each year to financial institutions that succeed in getting ...

Cloverland Electric Coop announces election results

DAFTER — Cloverland Electric Cooperative announced the results of the director elections at its annual meeting of the members on June 8 at the Dafter Township Hall. Cloverland is a democratically-controlled, not-for-profit electric co-op that is governed by nine directors elected by and ...

Clean energy business hopes for best

NEW YORK (AP) — Small business owners who install solar panels or help customers use clean energy don’t seem fazed by President Donald Trump’s plan to withdraw the U.S. from the Paris climate accord, saying they expect demand for their services will still keep growing. They’re ...

Granger named to International Elite

ESCANABA — Judy Granger of Gladstone, associate broker/sales agent with Coldwell Banker Pro Realty, has been named to the company’s 2016 International President’s Elite. Only the top two percent of all sales associates worldwide in the Coldwell Banker system qualified for this group. ...

Co-owners seek help when they can’t agree

By Joyce M. Rosenberg AP Business Writer NEW YORK (AP) — Partners can rub each other the wrong way, or argue over their plans for the future. If they can’t resolve their differences on their own, some go to a psychotherapist or coach — including some company owners who need the ...

UP Paper adds investor to ownership team

MANISTIQUE — UP Paper announce that it has added a key new investor to its ownership team. Tim Magnusson joins the existing investment group of local entrepreneurs who had re-started the former FutureMark Manistique paper mill. UP Paper now operates the paper mill located in Manistique, ...

Average US 30-year mortgage rate slips

WASHINGTON (AP) — Long-term U.S. mortgage rates were flat to slightly lower this week, as the key 30-year rate marked a new low for the year. Mortgage buyer Freddie Mac said the average rate on 30-year fixed-rate home loans slipped to 3.94 percent from 3.95 percent last week. The rate stood ...