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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

  • Getting into business aviation
  • 2013 Logger of the Year
  • Sawyer gets $1.1 M upgrade
  • Gogebic's Forest Tech program

Yahoo! Finance: Top Stories

Euro sags ahead of inflation test, Ukraine nerves weigh
The euro was near a year low and on course for a fourth week of falls on Friday ahead of what was expected to be another stodgy euro zone inflation reading, and as tensions with Russia over Ukraine kept the region on edge. Economists polled by Reuters expect it to take another tick down to 0.3 percent, but it could easily be a shade lower and whatever the outcome, it is likely to stir bets the European Central Bank will need to take further support measures. Those expectations, plus worries that persistent tensions between Russia and Ukraine could damage the broader region's already-weak recovery, pulled the euro back to $1.3173 (EUR=) and kept safe-haven German bonds "What is more important for the ECB is inflation expectations and what is worrying for them is that they have been going down," said Philippe Gudin de Vallerin head of European research at Barclays.

Special Report: The billion-dollar fall of the house of Espirito Santo
On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Salgado signed two letters to Venezuela’s state oil company, which had bought $365 million in bonds from his family’s holding company. The "cartas-conforto" – letters of comfort – were written on the letterhead of Banco Espirito Santo, a large lender controlled by the family. "Banco Espirito Santo guarantees ... it will provide the necessary funds to allow reimbursement at maturity,” said the letters.

Euro zone inflation dips as expected in August
Euro zone inflation dropped as expected to a fresh five year low in August, data showed on Friday, but it was not likely to force the European Central Bank into immediate policy intervention next week, Consumer prices in the 18 countries using the euro rose by just 0.3 percent year-on-year in August, the smallest increase since October 2009, the European Union's statistics office Eurostat data showed. Inflation, which dropped unexpectedly to 0.4 percent in July, has been locked in what ECB President Mario Draghi called a 'danger zone' of below 1 percent since October last year. Vanishing inflation strengthens poses problems for the ECB as it tries to respond to the bloc's stalled recovery, which is facing additional struggles because of economic sanctions imposed against Russia in July over its involvement in the deepening conflict in Ukraine.

4 remedies for chronic economic gloom
Americans are so dour, by some measures, they seem to be looking past opportunities as if programmed to see only pitfalls. Prosperity doesn’t come from the places many people seem to be seeking it, and if the middle class is, in fact, in decline, a large part of the reason may be a lost instinct for how to get ahead.

Who are the richest members of Congress?
Stock holdings, family businesses and real estate have left these lawmakers flush with cash.

People are quitting their jobs. That’s good news
In the past two years, the monthly quits rate has been edging slowly upward, hitting 1.8 percent in June.

California's underground water war
They grow Zinfandel, Viognier, Cabernet, Merlot, and Petite Syrah grapes but are best known in this area of Central California for a blend called The Crash, named after a remarkable incident in 1956, when a B-26 crash-landed 200 yards from the family home. Now a new crash threatens, as groundwater levels beneath the vineyards plummet. California produces nearly half of U.S.-grown fruits, nuts, and vegetables, according to the state’s Department of Food and Agriculture.

A tough lesson for college textbook publishers
After years of nearly unfettered pricing power, the $7 billion college-textbook industry is being upended by students like Amanda McQueen. The 24-year-old George Washington University graduate student rarely buys new, printed textbooks—long the bread and butter of publisher profits. She buys the books used—often at half the price—on sites like Amazon, or skips the purchase altogether. Debt-weary college and grad students are opting for cheaper or even free textbook versions, forcing major publishers to revamp their business models.

Shell submits plan for new Alaskan Arctic oil exploration
The company, which had experienced setbacks in its efforts in recent years, said it had not yet made a final decision on whether to drill next summer.

11 bargain stocks to buy now
With the S&P 500 hanging around the psychologically meaningful 2,000 mark, investors may be wondering if they can you still find stock bargains. Matt Krantz, USA Today's markets reporter, says yes.