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.

Mary Ann Heath

Current issue

Current Issue

Click to view the current issue.

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

Apple on the brink of another 'super cycle'
With the launch of the iPhone 6, Apple is poised to begin another 'super cycle', analysts at Cantor Fitzgerald told CNBC.

Why this could be a brutal week for gold
The Fed meets, stuff happens. And as markets prepare for the Federal Reserve this week, some investors are wondering what could get hit the hardest – stocks, bonds, or gold.

Once-troubled reverse mortgages poised for rebound
Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates ...

Alibaba boosts size of IPO to $21.8 billion amid demand
Alibaba Group Holding Ltd. (BABA) raised the amount it's seeking in its initial public offering to as much as $21.8 billion, coming a step closer to breaking a global fundraising record after investors showed strong interest in the shares. Founder Jack Ma told prospective investors in Hong Kong yesterday that he won't seek too high a valuation, two people who attended the meeting said. Alibaba's IPO could top Agricultural Bank of China Ltd.'s more than $22 billion sale in 2010 as the world's biggest. The size could increase further if Alibaba prices its shares above the range, which it can do without additional regulatory filings, or allows underwriters to sell more shares to help meet excess demand.

Musk solar strategy used as model for record investments
Private equity and venture capital firms are pouring record investments into rooftop solar, following a model popularized by billionaire Elon Musk's SolarCity Corp. (SCTY) -- sell power, not panels. They're on pace to supply $5 billion this year for residential and commercial solar projects, up from $3.3 billion in 2013, according to the researcher Mercom Capital Group LLC. The funds are going to companies such as Sungevity Inc. and Sunrun Inc. that sell electricity, a shift from the last boom year of 2008 when venture capital and private equity investors provided $4.97 billion, mostly for solar-panel factories. "It's become clear that it's a legitimate asset class, a legitimate source of electricity," said Tom Athan, a managing partner Altus Power America Management LLC. The Old Greenwich, Connecticut-based company finances commercial-scale solar projects and expects annual returns of 8 percent to 10 percent for the next several years from selling electricity.

This is the 'era of growth stocks': Pro
Max King, portfolio manager at Investec Asset Management, and Bill O'Neill, head of CIO U.K. wealth management research at UBS, discuss whether investors should buy technology stocks or stick with value names.

World’s Biggest Banks Plan to Overhaul FX Trading After Scandal
The world's biggest banks are overhauling how they trade currencies to regain the trust of customers and preempt regulators' efforts to force changes on an industry tarnished by allegations of manipulation. Barclays Plc, Deutsche Bank AG, Goldman Sachs Group Inc., Royal Bank of Scotland Group Plc and UBS AG, which together account for 43 percent of foreign-exchange trading by banks, are introducing measures to make it harder for dealers to profit from confidential customer information and take advantage of clients in the largely unregulated $5.3 trillion-a-day currency market, according to people with knowledge of the changes. "This is finally bringing the FX market into the 21st century," said Tom Kirchmaier, a fellow in the financial-markets group at the London School of Economics who specializes in the governance of banks. The scandal may cost lenders as much as $15 billion in fines, according to Chirantan Barua, an analyst at Sanford C. Bernstein Ltd. in London.

Alibaba raises IPO price range on strong demand
NEW YORK (AP) — Alibaba now plans to raise up to $25.03 billion in its upcoming IPO, making what was expected to be the biggest stock market debut even bigger.

World stocks hit one-month low, focus on Fed
Global shares slipped to a one-month low on Tuesday as markets braced for a Federal Reserve meeting, when investors will be looking for clues on whether the U.S. In Europe, the benchmark FTSEurofirst 300 (.FTEU3) was down 0.4 percent. Speculation that the Fed could raise interest rates sooner and faster than previously expected has rattled share markets around the globe and supported the U.S. "The Fed is moving from a position of outright support, as we saw in the years after the financial crisis, to thinking about an exit strategy and the normalization of policy and that could have some uncomfortable side effects," Henk Potts, director of global research at Barclays, said.

GM's Opel to cut Russia production as slowdown bites
Opel said on Tuesday it would scale back production at its plant in St. Petersburg to a total of 16 days during the three-month period from August to October. Auto sales have slumped in Russia this year as slowing economic growth is causing people to put off purchases. General Motors (GM) is one of the foreign carmakers most exposed to Russia. "Russia was our third-biggest market last year after the UK and Germany," Opel Chief Executive Karl-Thomas Neumann said.