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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.

Susan Lahti

Current issue

Current Issue

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In This Issue

  • 2015 Contractors's Directory
  • Energy Independence
  • Heritage Garden Wind Farm
  • New Hospital on the Horizon
  • Meijer Store coming to Escanaba
  • New Focus in DCHS Partnership

Yahoo! Finance: Top Stories

Live: GoDaddy pops; Dollar dominance; Auto sales data
Join Midday Movers live now for the latest news on the markets, the economy and the biggest stories of the day.

GoDaddy valued at up to $5.48 billion
GoDaddy's shares rose as much as 34 percent in their debut, valuing the Web hosting company at up to $5.48 billion, including debt. The company, which sponsors race car driver Danica Patrick, raised $460 million.

GM betting on fuel efficiency despite low oil cost
General Motors is striving to create light but spacious cars with its new Cadillac CT6 and Chevy Malibu, GM's Mark Reuss tells CNBC.

The Job Market May Be Tighter Than It Looks
The fate of millions of unemployed workers hinges on the answer to that question, as does the timing and pace of the Federal Reserve’s interest rate hikes. We’ll get our next reading on the labor market on Friday, and economists on average expect that the unemployment rate will stay at its current 5.5 percent, down from 10 percent at its recent peak in October 2009. An unemployment rate that falls even further would signify a labor market that has potentially tightened to the point that employers must start offering higher wages to recruit and keep workers, eventually leading to higher prices. In a note to clients today, economists at Deutsche Bank pointed out that another, admittedly narrower measure suggests that the job market is even tighter than the headline unemployment rate indicates.

Manufacturing in U.S. Expands at Slowest Pace Since May 2013
A measure of U.S. exports contracted for a second month, indicating a stronger dollar is making it difficult for factories to drum up overseas sales. “There’s no question manufacturing has weakened in the past few months,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics in Valhalla, New York, who accurately forecast the ISM reading. Residual effects from a work stoppage at West Coast ports, that has since been resolved, are still affecting supply chains for some manufacturers as dockworkers scramble to work through what was the biggest backlog of ships in a decade. Respondents in the March survey mentioned “continuing challenges from the West Coast port issue,” along with “challenges associated with the stronger dollar on international business,” Bradley Holcomb, chairman of the ISM Manufacturing Business Survey Committee, said on a conference call with reporters.

Fed's Lockhart sticks with June to September liftoff, despite growth downgrade
Atlanta Federal Reserve bank president Dennis Lockhart said on Wednesday that the United States remains on track for a likely interest rate hike in the June to September period, with a weak first quarter likely to give way to stronger growth. I still believe the factors are transitory," Lockhart told reporters at a monetary policy conference here. Fed policymakers and many analysts cut their U.S. growth projections after a first-quarter slowdown that stemmed in part from the hit U.S. energy companies are taking from low oil prices, and the hit exporters are taking from a strong dollar. Lockhart said he will be paying particular attention to employment indicators in coming weeks.

U.S. targets overseas cyber attackers with new sanctions program
The Obama administration on Wednesday launched the first-ever sanctions program to financially punish individuals and groups outside the United States that are engaged in malicious cyber attacks. U.S. President Barack, in an executive order, declared such activities a "national emergency" and allowed the U.S. Treasury to freeze the assets and bar other financial transactions of entities engaged in cyber attacks. Under the program, first reported by the Washington Post, cyber attackers or those who conduct commercial espionage in cyberspace can be listed on the official sanctions list of specially designated nationals, a deterrent long-sought by the cyber community. The move, which the paper said has been in development for two years, comes after a string of high-profile cyber attacks ranging from corporate hacks targeting Target, Home Depot and other retailers, to an attack on Sony and other data breaches.

What to watch in Wednesday trading
Three things to watch in Wednesday's trade via Yahoo Finance's Michael Santoli.

Walmart wage hike not enough for critics: 'Company still has a long way to go'
Walmart received a ton of positive attention for announcing it will pay hourly employees a minimum of $9 per hour starting this month and $10 per hour in 2016. But Frank Clemente of Americans for Tax Fairness says the retailer still "has a long way to go."

Brent could lose $5 instantly on Iran deal
Negotiators may have missed Tuesday's deadline, but they could still reach a deal to lift sanctions on Iranian oil exports today, which would send prices further south, analysts say.