Business

Greg Kacir

This week in 1985, the Stroh Brewery Company announced that it would close its brewery on Detroit's East Side. Chairman Peter Stroh said the facility was obsolete, and it was demolished within a year.

Niowave building photo
File photo / WKARLansing Mayor Virg Bernero gave his annual State of the City address last night. We talk with Eric Lacy of the Lansing State Journal about the mayor’s remarks.

Niowave, the high-tech, particle acceleration company here in Lansing, has been growing. Its success has been a benefit in many ways to the community – more jobs, greater tax revenue, more clout in the tech world for the city.

But the company’s growth has also led to some friction.

Early last year, Niowave built a large pole barn at its headquarters, which is a former school in Lansing’s Walnut Neighborhood.

There was some good news last week in Michigan involving the fight against mortgage  fraud.  On Thursday, officials announced the state will receive $2.5 million dollars -- that’s the settlement in a mortgage fraud lawsuit filed last year by State Attorney General Bill Schuette.  The legal action involved about 1,000 victims of robo-signing statewide, with nearly 300 of them from Ingham County.  

Employee “Sweethearting” Costing Business Billions

Feb 14, 2012
MSU Broad College of Business

A surprising number of employees are giving away the store, according to new research from Michigan State University.  The study shows that nearly 70 per cent of workers admit to “sweethearting”.  That’s the practice of giving free goods and services to customers.  The cost to businesses is $80 billion a year.

file photo / WKAR

Governor Rick Snyder says Michigan’s national ranking for business climate is dramatically improved.

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