Business News

Average 30-year mortgage rate falls

WASHINGTON (AP) — Long-term U.S. mortgage rates fell for a fourth straight week, with the benchmark 30-year rate marking a new low for the year. Mortgage buyer Freddie Mac said the rate on 30-year fixed-rate home loans declined to 4.08 percent this week from 4.10 percent last week. That ...

US jobless aid applications fall to 234,000

WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week, which is evidence of a stable job market and greater security for workers. THE NUMBERS: Weekly applications for jobless aid dipped 1,000 to a seasonally adjusted 234,000, the Labor Department said. Requests for ...

Advanced Blending Solutions honored

MENOMINEE — Advanced Blending Solutions (ABS) has been recognized as one of the 2017 “Michigan 50 Companies to Watch,” an awards program presented by Michigan Celebrates Small Business. ABS will be honored at an awards ceremony during the 13th annual Michigan Celebrates Small Business ...

Banks merge as Northern Interstate Bank

NORWAY — On March 31, Northern Interstate Financial, Inc., the parent company of First National Bank of Norway, completed its previously announced merger with C.F.C. Bancorp, Inc., the parent company of First National Bank of Crystal Falls. In connection with the merger, the bank subsidiaries ...

VanAire names Soderman CEO, quality manager

GLADSTONE — VanAire, Incorporated of Gladstone announces that Steven Soderman has joined the company’s leadership team as CEO and quality manager. Prior to coming to VanAire, Soderman spent 13 years with Engineered Machined Products, Inc. of Escanaba, most recently holding the position of ...

Kewadin Casinos names Olson as new CEO

SAULT STE. MARIE, Mich. — Ron Olson has been named the new CEO of Kewadin Casinos, five gaming properties with slot machines, table games, two hotels, convention and meeting facilities, and other amenities in the Upper Peninsula. Olson was selected to lead the casinos after a national ...

Credit union honored as top performer

ESCANABA — Peninsula Federal Credit Union of Escanaba announces it is once again a top performer, earning a coveted 5-star rating from BauerFinancial, the nation’s premier bank and credit union rating firm. A five-star rating indicates that this institution excels in areas of capital ...

Larson appointed as new CEO of UPPCO

MARQUETTE — Upper Peninsula Power Company (UPPCO) announced that utility industry veteran James Larsen has been appointed as its new CEO, effective April 3. Larsen comes to UPPCO from the SEMCO Energy Gas Company in Port Huron, where he served as president. SEMCO provides natural gas to ...

Hurkman named Employee of the Year

ESCANABA — North Woods Place Senior Living, of Escanaba, announces Lisa Hurkman, life enrichment coordinator, has been recognized by its parent company Enlivant as the divisional “Mission, Vision, Values Employee of the Year” (MVV Employee of the Year). She was nominated for the award by ...

Amy Dyer named to President’s Elite

ESCANABA — Amy Dyer, of Gladstone, associate broker/sales associate with Coldwell Banker Pro Realty, has been named to the company’s 2016 International President’s Elite. Only the top 2percent of all sales associates worldwide in the Coldwell Banker system qualified for this distinguished ...

New businesses at Penstar Center

ESCANABA — An open house is planned for at The Penstar Office Center, a professional office leasing building at 1401 N. 26th St., Escanaba, to welcome Delta Force Digital Surveillance and Sullivan’s Health & Fitness Studio to the center. It will be held Wednesday from 4 to 6 p.m. ...

Three Delta County firms recognized as ‘Michigan 50 Companies to Watch’

ESCANABA — Three Delta County companies have been recognized as Michigan 50 Companies to Watch, an awards program presented by Michigan Celebrates Small Business. They are Hurley Marine, Inc. of Escanaba, Independent Machine Co Inc. of Escanaba, and K&M Industrial of Gladstone. They will ...

Coldwell Banker marks 30th anniversary

ESCANABA — Coldwell Banker Pro Realty is celebrating its 30th anniversary as an affiliate of the Coldwell Banker network. “Since joining the Coldwell Banker brand in 1987, we have proudly served the Delta County community and thousands of home buyers and sellers,” said Darlene ...

Gladstone gets new U-Haul location

GLADSTONE — U-Haul Company of Michigan announces that Kohnert Brothers Auto Repair has signed on as a U-Haul neighborhood dealer to serve the Gladstone community. Kohnert Brothers Auto Repair, 410 N. 9th St., will offer U-Haul trucks, trailers, towing equipment, support rental items and ...

Michigan retailers forecast spring sales growth

LANSING — More than three of every four Michigan retailers (76 percent) expect to increase their spring sales over last year, according to the Michigan Retail Index, a joint project of Michigan Retailers Association (MRA) and the Federal Reserve Bank of Chicago. The upbeat forecasts follow ...

Moraski joins Matrix Medical Network

SCOTTSDALE, Ariz. — Matrix Medical Network (Matrix), a provider of in-home assessments and care management, announces Brett Moraski has joined the company as chief strategy officer. In this position, Moraski will play a key role in driving and executing the company’s overall growth ...

Neumeier named to 2016 Pinnacle Club

BLOOMINGTON, Minn. — Holiday Stationstores, a Midwest based convenience store/gas station chain, announces Ashlie Neumeier, store manager of the Gladstone Holiday Stationstore, will be inducted into the organization’s 2016 Pinnacle Club. The induction ceremony and celebratory events ...

Courtesy photo
Kevin Pratt, center, was recently named Upper Peninsula Apprentice of the Year. Also shown are finalists Erin Lakenen, left, and Paul Barna.

U.P. Apprentice of the Year 2016 named

HARRIS — Approximately 180 people met at Island Resort & Casino in Harris on Saturday, Feb. 25, for the sixth annual Upper Peninsula Apprentice of the Year recognition banquet. The winner of this year’s award was Kevin Pratt, an apprentice member of IBEW Local 906. The two ...

Flu takes bite out of small businesses

By Joyce M. Rosenberg AP Business Writer NEW YORK (AP) — The flu season has slammed many small businesses, weakening already thin staffing levels and forcing some owners to scramble to cover shifts or get the work done. All but five of the 26 staffers at BusBank, a transportation booking ...

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MEA has new Rapid River office

Courtesy photo The Michigan Education Association (MEA) celebrated the opening of its new office in Rapid River with a ribbon cutting on Feb 22. The new office is located at 10467 S. Main Street, Rapid River — across from the Swallow Inn. MEA is a labor organization that represents ...