Find more about Weather in Escanaba, MI
Click for weather forecast

Welcome to Upper Peninsula Business Today

Audra Vandam

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.

Audra VanDamme

Current issue

Current Issue

Click to view the current issue.

In This Issue

  • Marquette Food Co-op's new location
  • A look at the BotEco Center project
  • Thomas Theatre Group builds new multiplex
  • 2014 Contractors Directory

Yahoo! Finance: Top Stories

Steady PMIs, sluggish China puts brakes on European shares
European shares edged down on Wednesday after three days of gains as data showing China's economy was still stuttering offset some broadly reassuring European purchasing manager index (PMI) numbers. Data compiler Markit's monthly PMI figures, seen as good indicators of future growth, showed that while France's economy was still a drag, Germany was continuing to power the euro zone's recovery. In Asia, China's stock markets had fallen again and the yuan tumbled to 16-month low after a survey showed manufacturing activity in the world's second-biggest economy was still slowing in April.

Euro zone private sector on strong footing but still slashing prices: PMIs
We are looking at 0.5 percent quarter-on-quarter GDP growth if we continue to see this level," said Chris Williamson, chief economist at Markit. Inflation fell to just 0.5 percent in March, its sixth straight month in what European Central Bank President Mario Draghi has called a "danger zone" below 1 percent and keeping pressure on the ECB to intervene. However, Markit's flash Composite Purchasing Managers' Index, which is widely regarded as a good gauge of growth, suggested the economic support, at least, may not be necessary.

GM seeks U.S. court protection against ignition lawsuits
Plaintiffs suing the company also filed a proposed class action lawsuit in Manhattan bankruptcy court on Monday, seeking an order declaring that GM cannot use the bankruptcy protection to absolve itself from liabilities. The faulty ignition switch has been linked to at least 13 deaths and the recall of 2.6 million GM vehicles. GM emerged from bankruptcy protection in 2009 as a different legal entity from the so-called old GM. Under those terms, the "new GM" shed liability for incidents predating its exit from bankruptcy, and any lawsuit involving pre-bankruptcy issues must be brought against what remains of old GM.

It's put up or shut up time for Apple
Apple reports earnings this Wednesday. Wall Street is not expecting particularly impressive results. The focus of most Apple investors appears to be on the new products Apple is expected to roll out in the second half of this year.

Ackman puts a new twist on activism with Allergan bid
Controversial hedge fund manager Bill Ackman has come up with a new way to generate alpha. The man who’s spent the better part of the last year leading an openly self-interested battle to prove Herbalife is a pyramid scheme has combined forces with health care giant Valeant to put together a $50b bid for Allergan.

Einhorn: Bubble brewing, shorting momentum stocks
In a letter to investors David Einhorn of Greenlight Capital said he's witnessing a tech bubble and has bet against a number of momentum stocks.

An earnings tale of two biotechs – Gilead vs. Amgen
Gilead Sciences Inc. (NASDAQ: GILD) and Amgen Inc. (NASDAQ: AMGN) have both reported earnings. This is a definite difference in how the reports look, and it could throw a wild card report for the biotech ...

Yum Brands' 1st-qtr restaurant sales in China up 9 percent
KFC parent Yum Brands Inc on Tuesday said first-quarter sales at established restaurants in China, its top market, rose 9 percent, roughly in line with expectations, as it recovers from an avian flu outbreak and a food safety scare last year that pummeled demand for chicken. Yum's restaurant sales in China included an increase of 11 percent at KFC and a rise of 8 percent at Pizza Hut Casual Dining. Analysts polled by Consensus Metrix were expecting Yum's China sales to rise 9.4 percent. The fast-food operator gets more than half of its overall sales from China, where most of its more than 6,300 restaurants are KFCs.

Netflix raising your monthly bill as much as 20% — eventually
Netflix CEO Reed Hastings learned the hard way that announcing a big price increase can blow up into a huge controversy. So for his latest effort to charge more, he’s moving very slowly. On Monday, Hastings said the cost of Netflix would go up $1 to $2 a month for new customers, depending on the country.

Do the rich rule America? Not really
The media have seized on a recent study that shows that a powerful "American elite" rules America. It's a scary finding. But a closer look suggests it's not that simple.