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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

Facebook soars as Zuckerberg cash-machine kicks into gear
Facebook shares are bounding higher this morning after the company posted its fifth straight better-than-expected quarter.

Jobless claims fall to lowest level since early 2006
By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction. Initial claims for state unemployment benefits declined 19,000 to a seasonally adjusted 284,000 for the week ended July 19, the Labor Department said on Thursday. The data provided further confirmation that the labor market is tightening. "This is consistent with another payroll reading for July, but it will probably not be as strong as June," said Sam Bullard, senior economist with Wells Fargo Securities in Charlotte, North Carolina.

ECB hacked in apparent blackmail attempt
The European Central Bank said that no market-sensitive information was compromised and that it had received an email seeking money in return for the data.

Bank settlements create windfall for US, wrangling over how it is spent
U.S. authorities' $8.9 billion settlement last month with French bank BNP Paribas for sanctions busting will pay for New York cops to get live computer feeds of street crime and for new carpets in the offices of prosecutors, among many other things.

Dow 17,000 more than just another 'big round number'
“The narrative that’s driving investor confidence and the decision making process is earnings,” says Clearpool Group’s Peter Kenny.

Mega miners set to reward investors after reining in costs
Output growth, sharp cost cuts and asset sales will more than offset a slump in iron ore and coal prices, allowing the world's biggest miners to cut debt and boost payouts to shareholders in the next six months. Production reports from the world's two biggest miners, BHP Billiton and Rio Tinto, showed they have managed to boost output while slashing spending, with BHP particularly impressing the market. "BHP Billiton delivered one of the best production reports we have seen in years," analysts at Deutsche Bank said in a note on Wednesday, after BHP beat its own target for iron ore output and flagged an 11 percent rise in its share of West Australian iron ore output for the year ahead, outpacing broker forecasts. Its rivals Rio and Glencore Plc are expected to be in a position to consider share buybacks next February when they report their full year results, with Glencore to be armed with $5.85 billion from the sale of its Las Bambas copper project to China's MMG Ltd.

These deals may suffer in US 'inversion' crackdown
President Barack Obama's push to deter U.S. firms from buying foreign companies for tax purposes will make several deals less attractive.

Obama wants limits on US company mergers abroad
President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly.

Ford profit up 6% to $1.3 billion
Ford Motor's second quarter net income rose 6 percent to $1.3 billion as the company saw record profits in North America and made money in Europe for the first time in three years.

China regulator determines Qualcomm has monopoly: state-run newspaper
China's antitrust regulator has confirmed that Qualcomm Inc, one of the world's biggest mobile chipmakers, has a monopoly, the state-run Securities Times newspaper reported on Thursday, as Qualcomm's chief executive held talks in China. The regulator, the National Development and Reform Commission (NDRC), is investigating Qualcomm's local subsidiary after it said in February the U.S. chipmaker was suspected of overcharging and abusing its market position in wireless communication standards, allegations which could see it hit with record fines of more than $1 billion. The Securities Times report, based on unidentified sources it said were close to the NDRC, did not say whether the regulator had determined that Qualcomm had abused its monopoly.