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Monday: In Business

Plus One recognizes local businesses for job creation

MARQUETTE — Forty-five Marquette County businesses collectively created 257.5 new jobs in 2021 and are being recognized for their participation through the Plus One Program sponsored by the Lake Superior Community Partnership and Upper Peninsula Michigan Works! Upper Peninsula Michigan Works! and the Lake Superior Community Partnership’s Plus One program is a program designed around the premise that an employer adding just one employee contributes to economic development in Marquette County. Since the inception of the program 15 years ago, Marquette County businesses have created ...

Hicks named as Mahaney’s successor as chair of InvestUP board

MARQUETTE — The InvestUP board of directors leadership recently announced it will transition from founding InvestUP Chairman and CEO of Veridea Group, Bob Mahaney, to Steve Hicks, CEO of Longyear. Hicks will continue to focus on the strategic priorities defined under Mahaney’s tenure, ...

News from the Greater Munising Area: Pictured Rocks Days, a centennial celebration and new restaurants

While winter creeps into springtime in a much too predictable fashion and the gray sky warns of yet another snowstorm, thoughts of burritos, fried chicken and fish, Pictured Rocks Days, and the Mather Centennial Celebration are rays of sunshine breaking through this cloudy day. After a two-year hiatus due to the COVID-19 pandemic, Pictured Rocks Days and Yoopers Ride Free events in Munising are back and slated to take place on Saturday and Sunday, June 11-12. Pictured Rocks Days is two-day festival that draws around 7,500 people and is hosted by the Alger County Chamber of Commerce ...

Range Bank announces employee promotions

MARQUETTE — Range Bank President and CEO Roxanne Daust, recently announced the promotions of several Range Bank employees. “Each of these individuals brings a unique set of skills and goes above and beyond living our core values each day,” said Daust. “I am pleased to announce ...

Stock buybacks show no signs of a slowdown so far this year

Companies in the S&P 500 bought a record amount of their own stock last year and don't show any signs of slowing down. Flush with cash from solid earnings, companies repurchased $882 billion of stock in 2021. Goldman Sachs is forecasting stock buybacks to reach $1 trillion this year, even as companies grapple with rising inflation, higher interest rates and the potential for stunted economic growth. Companies use repurchases, in part, to return cash to investors and support the stock's price. Earnings per share can increase because there are fewer shares outstanding. Buybacks also ...