Tuesday, 23 September 2014
Last updated 3 hours ago
Feb 4 2009 | 8:47am ET
Two wind sector firms are among 10 Michigan businesses receiving support from the Michigan Economic Development Corporation (MEDC).
Governor Jennifer Granholm announced Wednesday that, based on the MEDC’s recommendation, the Michigan Economic Growth Authority had approved state tax credits to win the projects over competing national and international sites. Combined, the 14 projects are expected to create and retain 8,912 jobs and generate over $330 million in new investment in the state.
“Despite these challenging economic times, our aggressive economic strategy is producing results for communities across Michigan, and we will continue to go anywhere and do anything to bring new jobs to our state,” said Granholm.
The companies include Great Lakes Towers, a start-up wind turbine tower manufacturing company planning to spend $19 million to locate its first manufacturing plant in Monroe. The company expects to produce over 500 wind towers annually.
Also benefitting is Atwell-Hicks, a land development consulting firm focusing on alternative energy and wind power energy production and transmission corridors for wind farms. It will invest $5 million to expand operations in the Ann Arbor area.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.