Southfield-based Sterling Bancorp. Inc. today announced the pricing of its initial public offering of 15 million shares of its common stock at a public offering price of $12 per share. Sterling is offering 7,692,308 shares and the selling shareholders are offering 7,307,692 shares of Sterling’s common stock. Shares are expected to begin trading on the NASDAQ Capital Market today under the symbol SBT.
Michigan Gov. Rick Snyder today announced the appointment of Elizabeth Clement, a legal expert who served as the administration’s chief legal counsel, to the Michigan Supreme Court. Travis W. Weber will replace Clement as Gov. Snyder’s chief legal counsel, and Frederick Headen will join the office as senior legal counsel.
Finding opportunity in Detroit’s growing sports and entertainment markets, Detroit Arena View Properties has launched a collection of themed overnight rental properties that target business travelers, tourists, and visitors.
Auburn Hills-based automotive supplier Faurecia says it will reveal disruptive innovations for personalized experiences in its flexible and connected Cockpit of the Future during the Consumer Electronics Show in Las Vegas from Jan. 9-12.
Quicken Loans and the Downtown Detroit Partnership have announced the lineup for the 2017 season of Winter Magic programming at the Downtown Detroit Parks.
Mie Radici, a family-owned small business featuring authentic Sicilian olive oil and balsamic vinegars, wall open Saturday, Nov. 18, at Laurel Park Place in Livonia. The boutique company was founded by Vincent Marino and his daughter, Hayley, with the goal of bringing traditional olive oil to the United States.
Southfield-based automotive supplier and developer Federal-Mogul Powertrain today announced the acquisition of United Kingdom-based clean technology development company Controlled Power Technologies (CPT).
Flint-based Diplomat Pharmacy Inc. today announced a definitive agreement to acquire Leehar Distributors for a gross purchase price of $595 million, doing business as LDI Integrated Pharmacy Services. The transaction is expected to close in 30-60 days.
Beaumont Hospital in Dearborn has completed renovations for their neonatal intensive care unit (NICU), which cares for babies that are premature, born with underdeveloped organs, and facing medical conditions such as sepsis, seizures, or heart defects.
JPMorgan Chase and Co. today announced a $900,000 investment to support sustainable infrastructure projects in Detroit. Additionally, the firm is retrofitting more than 70 percent of its bank branches in metro Detroit with LED lights and new building management systems as part of its commitment to advance sustainable solutions.
While the current utilization of shared cars is 5 percent, Japanese information and communication technology firm Fujitsu America Inc. expects those levels to increase to at least 50 percent by 2030. As Mobility as a Service (MaaS) becomes more prevalent in consumers’ daily lives, there will be a need for improved driving efficiency, mobility options, and usage of cars.
The Dearborn-based Society of Manufacturing Engineers’ (SME) Medical Additive Manufacturing 3D Printing Workshop has released a new white paper discussing the opportunities and challenges stemming from the crossover between engineering and biology as 3D printing becomes more prevalent.