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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

  • FRESH start for DeBacker Family Dairy
  • Power U.P.: Harvest Energy assists farmers
  • Aquila is back on the Back Forty Project
  • U.P. Food Exchange connects businesses, growers

Yahoo! Finance: Top Stories

Don’t be fooled, all is not well for stocks
For those who only watch the headlines, the stock market looks as if it’s doing a pretty decent job digesting 6 years of gains. Or maybe this is just the calm before the storm.

Putin jeopardizes Russian firms’ access to $600 billion
Escalating European Union and U.S. sanctions jeopardize access to funding for Russian companies, threatening to cut them off from international capital markets that have provided at least $600 billion in debt and equity financing since the country emerged from its 1998 default.

China's investors go on global property buying spree
China's institutional investment in property overseas rose 17 percent in the first six months of this year, with residential investment surging 84 percent, real estate services firm Jones Lang LaSalle (JLL) said on Wednesday. The gains come as Chinese investors pursue opportunities outside their home turf, where the outlook for the real estate sector is overshadowed by issues such as tight financing and high inventories which are weighing on prices. London was the most popular destination for Chinese institutional investors, with a total of $2.3 billion (1.35 billion pounds), as efforts by the city to draw Chinese capital into major infrastructure projects spilt into residential and commercial markets, JLL said. Sydney was fourth, followed by Madrid, after China's largest commercial developer Dalian Wanda bought a historic skyscraper in Spain's capital city from the nation's largest bank, Santander, $361 million.

Income inequality and the ills behind It
An argument can be made that the accumulation of income at the top of the success pyramid is not the nation’s main problem and little can be done about it anyway.

U.S. economy rebounds strongly in second quarter
U.S. economic growth accelerated more than expected in the second quarter and the decline in output in the prior period was less steep than previously reported.

Amazon to invest $2 billion more in India
Amazon.com Inc (AMZN.O) on Wednesday said it will invest a further $2 billion in India just a day after the country's largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce sector. Amazon, which opened its Indian website in June last year, has drawn up the battle lines by slashing prices, launching same-day delivery, adding new product categories and embarking on a high-voltage advertisement campaign. Amazon and Flipkart are joined in India's $13 billion e-commerce sector by marketplace Snapdeal, fashion e-tailer Jabong, and U.S. auctioneer eBay Inc (EBAY.O). "With this additional investment of $2 billion, our team can continue to think big, innovate, and raise the bar for customers in India," Chief Executive Jeff Bezos said in a statement.

U.S. economy seen regaining muscle in second quarter
U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year. Gross domestic product likely grew at a 3.0 percent annual rate after shrinking at a 2.9 percent pace in the first quarter, according to a Reuters survey of economists. "I don't think the contraction we saw in the first quarter is reflective of what's truly going on in the economy," said Gus Faucher, senior economist at PNC Financial Services Group in Pittsburgh. Earlier in the second quarter, growth estimates were as high as 4 percent, but they were cut as trade, consumer spending and business investment rebounded from the winter slump by less than expected.

Obama prods Congress to fix corporate loopholes
President Barack Obama is prodding Congress to close corporate tax loopholes and take other action before going on summer break this week instead of trying to sue him. House Republicans are poised to vote ...

China July official PMI seen hitting eight-month high
Activity in China's vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures. China's official manufacturing purchasing managers' index (PMI) is expected to rise to 51.4 in July, up from June's 51, according to the median forecast of 24 economists in a poll.

Europe shares down ahead of data; Asia gains
European stocks were lower Wednesday ahead of U.S. economic data while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian markets. KEEPING SCORE: In morning trade in Europe, ...