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Welcome to Upper Peninsula Business Today

UP Business Today

We are a monthly magazine that keeps the U.P. business community informed on regional business activity and trends. For over 20 years, we have featured stories of local professionals who are thriving in the U.P. economy. As we continue to be your trusted source of business news, we bring new sections to highlight the people and events that make the U.P. unique including 4Hire, On the Network and The Loop.

Keeping you, our business to business partner, Intrigued, Interested and Informed.

Mary Ann Heath

Current issue

Current Issue

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In This Issue

  • New business? Lower your starting expenses
  • Beth Millner's homegrown business story
  • Advice for the "Sandwich Generation"
  • Gov. Snyder visits U.P. State Fair

Yahoo! Finance: Top Stories

1 year later: Buy stocks booted from the Dow?
Nick Colas on how stocks added to Dow Jones Industrial Average have fared in the past year

EBay to spin off PayPal, adopting strategy backed by Icahn
The move, which Carl C. Icahn had called for, will cleave eBay almost in half, separating it from PayPal, which it acquired 12 years ago and now generates almost half eBay’s revenue.

The truth about October markets
There is almost nothing unique about October, at least not in an investable sense. It's a mental trap, almost irresistible precisely because it's so simple.

How America is beating the rest of the world
World stock markets can be broken up between the U.S. and the rest of the world. Right now, the U.S. is winning but will it last for long?

China takes boldest step yet to lift housing market, economy
China cut mortgage rates and downpayment levels for some home buyers on Tuesday for the first time since the 2008 global financial crisis, making one of its biggest moves this year to boost an economy increasingly threatened by a sagging housing market. Yet some analysts cautioned investors against thinking that the housing market and broader economy were poised to stage a stunning recovery. The housing downturn has weighed on already soft demand in China, dampening consumer confidence and slashing demand for related products from home appliances to glass, cement and steel. The news, which came on the eve of the Golden Week holiday, signalled that China's central authorities were serious about preventing further deterioration in the property market, which accounts for about 15 percent of the world's second-biggest economy.

Reckless federal shopping spree could squander $50 billion
Today marks the end of the federal government’s fiscal year. It’s also the biggest one-day shopping spree of the year-- the day when federal agencies rush to spend the last of their money before October 1, before anything left over is returned to the Treasury. Since agencies cannot carry over unspent funds, the idea is “use it or lose it.” If they don’t spend the money, Congress may not allocate as much the following year. Last year, the government spent about $50 billion the week before October 1, according to NPR’s Shankar Vedantam. That total included apparent impulse buys like artwork worth $562,000 for the Department of Veterans Affairs, and toner cartridges worth $144,000 for the Department of Agriculture, as noted last year by The Washington Post.

World stocks head for worst quarter since euro crisis, dollar soars
World markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S. Like most corners of the world, Europe saw limited appetite for risk early on before euro zone inflation data and after what has been the toughest quarter for global stocks since the peak of the euro crisis.

Why a strong dollar is scarier than taper tantrum
Expectations of Fed tightening may spur fears of a rerun of emerging market turmoil, but Societe Generale tips a strong dollar as a bigger risk.

EU says Ireland tax deal with Apple was state aid
BRUSSELS/LONDON (Reuters) - The European Union has accused Ireland of giving Apple Inc. state aid by letting the iPhone maker shelter profits worth tens of billions of dollars from tax, in return for maintaining jobs. European Competition Commissioner Joaquin Almunia told the Dublin government in a letter published on Tuesday that tax deals agreed in 1991 and 2007 appeared to amount to state aid that may have broken EU laws. "The Commission is of the opinion that through those rulings the Irish authorities confer an advantage on Apple," Almunia wrote in the letter, which was dated June 11. Apple said it had received no selective treatment while an Irish government spokesman referred to previous statements saying it followed EU rules.

China approves iPhone 6 after security assurances
BEIJING (AP) — China's phone regulator said Tuesday it has approved Apple Inc.'s iPhone 6 for use on Chinese networks after the company promised never to install "backdoors" to give other governments access to users' information. Apple said sales start Oct. 17.