Business News

Retail sales and forecasts rising in spring

LANSING - Michigan retailers' sales and forecasts both rose in April, according to the latest Michigan Retail Index survey, a joint project of Michigan Retailers Association (MRA) and the Federal Reserve Bank of Chicago.Sales performance jumped more than 12 points from the previous month, the ...

Mikus joins Premier Real Estate as agent

ESCANABA - Premier Real Estate in Escanaba announces Melissa Grzyb Mikus as its newest real estate agent."Thanks to my education, tenacious personality, and hands-on dedication to my profession, I have the privilege of delivering services that may not be readily available to you. I have the ...

Wery receives Distinguished Sales Award

ESCANABA - Gary Wery, of Escanaba, received the Farm Bureau Insurance Distinguished Sales Award (DSA) for the northern Michigan region at the company's Multi-Line Marketing Convention in Grand Rapids.The DSA recognizes an agent for his or her commitment to local communities, outstanding service ...

Mackinac Financial Corp. lists 1st quarter

MANISTIQUE - Mackinac Financial Corporation has reported its first quarter 2016 results.The bank holding company for mBank announced first quarter 2016 income of $1.132 million, or .18 per share, compared to net income of $1.371 million, or .22 per share, for the first quarter of 2015.The 2015 ...

EMP named gold level supplier

ESCANABA - Engineered Machined Products Inc. (EMP) is announces it has been honored with the '2015 Gold Level' Supplier Performance Award by New Flyer Industries Inc. (New Flyer) of Winnipeg, Manitoba, Canada. In June 2008, EMP entered into an arrangement with New Flyer to supply next ...

Mackinac Financial Corp. completes the acquisition of Eagle River bank

MANISTIQUE - The Directors of Mackinac Financial Corporation, the holding company for mBank, announced the consummation of the acquisition of The First National Bank of Eagle River (FNBER), Eagle River, Wis., from its holding company Ellis Bankshares, Inc. (Ellis). FNBER was immediately ...

Alger Delta Cooperative 2016 meeting set

GLADSTONE - Alger Delta Cooperative Electric Association is hosting its 2016 annual meeting on June 18 at the U.P. State Fairgrounds."Just like last year, this year's annual meeting will feature something for everyone," said Tom Harrell, Alger Delta's CEO. The cooperative is offering a cookout; ...

Upper Peninsula tourism conference returns

ESCANABA - Uppertunities, a tourism and professional development conference, is set for May 25 at the Island Resort and Casino in Harris.The conference will offer a day of tourism and professional development-oriented sessions on subjects ranging from collecting and analyzing economic impact ...

DTE Energy gets employee safety award

DETROIT - DTE Energy received the 2015 American Gas Association's (AGA) Safety Achievement Award for excellence in employee safety.The award recognizes companies that have the lowest number of injuries and illnesses as measured by the Federal Occupational Safety and Health Administration ...

Gundlach Champion gets award

IRON MOUNTAIN - The Associated General Contractors of Michigan (AGC) has presented Gundlach Champion, Inc. of Iron Mountain with a 2015 Build Michigan Award for the Eagles Mine Humboldt Mill MEP Buildout Project at the AGC of Michigan Annual Meeting in Lansing recently."Eagle Mine congratulates ...

Average rate on 30-year mortgage rises

WASHINGTON (AP) - Long-term U.S. mortgage rates rose this week, lifting from their 2016 lows but remaining historically low during the spring home-buying season.Mortgage buyer Freddie Mac said the average 30-year fixed-rate mortgage increased to 3.66 percent from 3.59 percent last week. That ...

US GDP growth slowed in first quarter

WASHINGTON (AP) - The U.S. economy inched forward at the weakest pace in two years from January through March, as consumer spending growth slowed, business investment plunged and exports declined further.The gross domestic product, the broadest measure of economic health, grew by a tiny 0.5 ...

Demeuse promoted to vice president

ESCANABA - Megan M. Demeuse has been promoted to vice president at Northern United Federal Credit Union. Demeuse is a 2010 and 2011 graduate of Bay de Noc Community College with associate degrees in business administration and office systems.She has been with the credit union for nine years, ...

Riverside Toyota earns President’s Award

ESCANABA - Riverside Toyota of Escanaba has earned the President's Award from Toyota Motor Sales (TMS), U.S.A., Inc. The award is presented annually to Toyota dealerships who've exhibited stellar work ethic.The President's Award pays homage to Toyota dealerships throughout the U.S. that achieve ...

Coldwell Banker named Premier Office

ESCANABA - Coldwell Banker Pro Realty has been named a Coldwell Banker Premier Office, the highest given to Coldwell Banker offices. This is the 25th year this office has been awarded this award."The Premier Office award is the most prestigious designation that can be given to an individual ...

US mortgage rates remain low

WASHINGTON (AP) - Long-term U.S. mortgage rates stayed near 2016 lows this week, potentially good news for the housing market as the spring home-buying season begins.The average 30-year fixed-rate mortgage edged up to 3.59 percent from 3.58 percent last week. The 15-year fixed-rate mortgage ...

Esky men invent wire reel lift

ESCANABA - Two entrepreneurs from Escanaba have introduced a made in America product that may change the way utility companies look at wire reel transport.Jason Keast and Jim DeStefano, owners and founders of KD Lift, prototyped their first lift in 2013 with Jason's father Mike Keast for their ...

Mich. retailers’ sales and forecasts remain positive

LANSING - Michigan retailers' sales and forecasts remained positive in March while slipping only slightly from the previous month, according to the latest Michigan Retail Index survey, a joint project of Michigan Retailers Association (MRA) and the Federal Reserve Bank of Chicago.The survey ...

Derocher earns Office Manager’s Award

ESCANABA - Darlene Derocher, broker/owner of Coldwell Banker Pro Realty, has earned the 2015 Office Manager's Award for Excellence. Derocher was one of only 213 affiliate office managers throughout North America in the Coldwell Banker system to fulfill the high-standard requirements of this ...

Hansen ends career at credit union

ESCANABA - Northern United Federal Credit Union announces the retirement of Nancy Hansen, vice president. Nancy will be retiring on April 22 and has been with NUFCU since April of 1984. "She has worked with numerous members during this time and has made a great impact on the credit union with ...