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Health Alliance Plan (HAP), a Detroit-based nonprofit health plan, announced Friday it will move its Southfield operations to Troy. The company will begin relocating employees later this year.
United Wholesale Mortgage, a division of Troy's United Shore Financial Services, was named the No. 1 wholesale mortgage lender for residential loans in the U.S. for 2017, according to Inside Mortgage Finance, a trade publication.
Japan-based Denso Corp., which operates its North American headquarters in Southfield, has announced an investment in Dellfer, a California-based IoT (Internet of Things) and automotive cybersecurity startup.
California's AutoPacific, an automotive consulting firm, forecasted 16.9 million light vehicles will be sold in the U.S. in 2018. This is down approximately 300,000 units from 2017 sales. AutoPacific officially announced its forecast today.
Shinola in Detroit today announced the departure of Jacques Panis as president. He has been with the company since it started in 2011. Shannon Washburn, current vice president of watch development, will be the next president.
2018 Business Leaders Outlook Survey Shows Midwest And Manufacturing Industry Expect To Benefit From...
Almost 1,700 companies across the nation completed the 2018 Business Leaders Outlook survey from JPMorgan Chase & Co., with most expressing optimism for the economy. In the Midwest, 71 percent of executives said they expect to benefit from the federal tax overhaul, which was signed into law on Dec. 22, 11 days before the survey began. The law slashed the corporate tax rate to 21 percent.
NSF International, based in Ann Arbor, launched the first DNA Authenticated mark to verify the identity and purity of raw ingredients in dietary supplements. A testing protocol and verification program for raw botanical ingredients used in the dietary supplement industry was also launched.
Bosch, which operates a large technical center in Farmington Hills, today announced it has acquired Splitting Fares Inc. (SPLT), a ridesharing startup in Detroit. SPLT's platform allows companies, universities, and municipal authorities to offer their workforces ridesharing services. The purchase price and details of the acquisition were not disclosed.
Detroit's Ally Ventures, the strategic investment arm of Ally Financial Inc., today announced it has made an investment in Greenlight Financial Technology Inc., an Atlanta-based company that offers a debit card for children, teens, and college students.
Home sales in January in metro Detroit fell 3.4 percent to 3,080 units, as compared to 3,187 sales in the same period last year, according to RE/MAX of Southeastern Michigan in Troy. During the same period, the median sales prices rose 6.8 percent to $186,007, from $174,219 in January 2017.