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

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.

Susan Lahti

Current issue

Current Issue

Click to view the current issue.

In This Issue

  • Bell, Marquette General & Portage Health Unveil New Brand Promise
  • Dickinson County Healthcare System Year in Review - 2014
  • Manorcare opens Medbridge Unit
  • New Plans for TEAM Wireless

Yahoo! Finance: Top Stories

Russia announces anti-crisis plan after rating downgrade
After a top ratings agency cut Russia's credit grade to "junk" status, the government in Moscow on Tuesday announced a plan that will see the economy return to a budget surplus in 2017.

Blizzard hits Wall Street, Apple earnings in focus
U.S. stock index futures signaled a lower open on Tuesday as New York struggles to get to work through snowfalls, with earnings from Apple and Pfizer set to take center stage.

DuPont to buy back up to $4 billion in shares after unit spinoff
Chemicals maker DuPont said it expects to buy back shares up to $4 billion using the dividend from the spinoff of its performance chemicals business. The company also raised its cost reduction target by ...

Facebook: Internal glitch caused hour-long global outage
Facebook said it suffered a self-inflicted outage lasting an hour on Tuesday that made its site inaccessible to users worldwide. The glitch reported in Asia, the United States, Australia and the U.K. affected ...

DuPont meets 4Q profit forecasts
The Wilmington, Delaware-based company said it had profit of 74 cents per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, came to 71 cents per share. The results ...

Mixed earnings, Greek jitters fuel market caution
The euro rose and shares slipped in Europe on Tuesday as mixed corporate earnings and concerns over Greece kept investors cautious ahead of a busy week which will include the first policy meeting of the U.S. Federal Reserve this year. Russian markets were also jittery after a cut to the country's sovereign credit rating. Investors will be keen to hear the Fed's response to the recent policy easing by global central banks such as the European Central Bank, whose long-awaited plan to buy bonds to revive the flagging euro-zone economy has propelled bond yields and the euro to multi-year lows and stocks to multi-year highs. Although core bond yields held near those lows, lower-rated yields edged higher after Europe signaled it would not yield to a new Greek government's demands for debt forgiveness, though it showed a willingness to give Athens more time to pay its debts.

Oil price recovers as dollar weakens against euro
Brent crude oil futures (LCOc1) rose 22 cents to $48.38 a barrel by 1042 GMT. U.S. West Texas Intermediate (WTI) crude futures (CLc1) rose 10 cents to $45.25 a barrel. The euro rose for a second day against the dollar (EUR=) after an 11-year low on Monday, ahead of a meeting of the Federal Reserve that may push back expectations for when U.S. interest rates will start to rise. Prices were also supported after the Secretary-General of the Organization of the Petroleum Exporting Countries, Abdullah al-Badri, said oil prices may have bottomed out and warned of a jump to $200 a barrel if investment in new supplies was too low.

U.S. oil well shut-ins start as crude rout batters small producers
Collapsing crude prices are confronting scores of smaller U.S. oil producers with the grim choice of either shutting older high-cost wells or burning through cash in the hope of riding out the downturn. As oil prices fell by more than half over the last six months from more than $100 per barrel, the U.S. oil industry responded by slowing its blistering growth and dialing back expansion plans. Now, with U.S. crude around $46 a barrel, operators are already closing some small old wells, known as strippers, and tens of thousands of similar wells are on the verge of losing money. Ray Lasseigne, an oilfield veteran and president of TMR Exploration Inc in Louisiana, is deciding which wells to close.

Exclusive: Apple supplier Foxconn to shrink workforce as sales growth stalls
Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, will cut its massive workforce, the company told Reuters, as the Apple Inc (AAPL.O) supplier faces declining revenue growth and rising wages in China. Under its flagship unit Hon Hai Precision Industry Co Ltd (2317.TW), the group currently employs about 1.3 million people during peak production times, making it one of the largest private employers in the world. Revenue growth at the conglomerate tumbled to 1.3 percent in 2013 and only partially recovered to 6.5 percent last year after a long string of double-digit increases from 2003 to 2012.

Nelson Peltz cuts stake in Family Dollar
Activist investor Nelson Peltz's Trian Fund Management LP cut its stake in Family Dollar Stores Inc to 2.07 percent from 7.3 percent. Trian Management sold about 6 million shares of the discount retailer, ...