- INSIDE THE PRESS
-
Browse by day posted:
Browse by week posted:
- PRINT EDITION
- The Grand Rapids Press:
- BUSINESS EXTRA
-

• Interactive player: Looking back at 2008
Other Year in Review content:
• Nation/World news
• Local news
• Business
• Entertainment
• Sports
• Religion
• Cast your votes
• West Michigan's top newsmakers of 2008

• Day 1: Systems analyst opens ice cream shop
• Day 2: Diemaker becomes nurse
• Day 3: Factory worker takes over family tree farm
• Day 4: Banker opens her own financial services business
• Day 5: Buyout from JCI turns photography hobby into job

• Story, photos, live blog recap

• Videos of universal design
• Photos
| Video
• Audio
| Slideshows
- LOCAL BUSINESS
- Autos
- Banking
- Economy/jobs
- Energy
- Furniture industry
- Health care
- Names and notes
- Real Estate
- Shopping/restaurants
- MICHIGAN COVERAGE
- Statewide Business
- AP BUSINESS NEWS
-
Business News
• UK fraud office starts Madoff investigation 1/8/2009, 6:33 a.m. EST
• Satyam scandal sparks demand for better governance 1/8/2009, 6:32 a.m. EST
• Pink slips pile higher amid deepening recession 1/8/2009, 6:31 a.m. EST
-
Automotive News
• Toyota asks Japan workers to lower pay amid slump 1/8/2009, 5:07 a.m. EST
• Toyota asks Japan workers to lower pay amid slump 1/8/2009, 5:07 a.m. EST
• Japan sales of imported vehicles drop to 15-yr low 1/8/2009, 5:06 a.m. EST
For more Grand Rapids-area employees, shorter work week is better than no work week
by Shandra Martinez | The Grand Rapids Press
Thursday January 08, 2009, 5:22 AM
Lee Middleman cuts custom upholstery for a wing chair at Kindel Furnature Company Wednesday. Middleman was relieved to learn that her work week but not her job will be cut as the company weathers the economic downturn. GRAND RAPIDS -- Lee Middleman breathed a sigh of relief after she learned her workweek, not her job, would be cut.
"We thought it would be worse," said Middleman, 61, who has cut upholstery at Kindel Furniture Co. for nearly 14 years.
Kindel said this week it was responding to flat sales by laying off about 15 percent of its 130 workers and instituting a four-day workweek for the remaining hourly employees.
The move will reduce facility and labor costs. While officials don't know how long the shortened schedule will last, similar efforts in the past have stretched to few months.
Continue reading "For more Grand Rapids-area employees, shorter work week is better than no work week" »
Post a comment | View commentsGovernment employees try longer shifts, fewer days to cut commute costs
by Shandra Martinez | The Grand Rapids Press
Thursday January 08, 2009, 5:16 AMGRAND RAPIDS -- A push for another version of the four-day workweek picked up momentum during the summer, sparked by then $4-a-gallon gas prices.
More than 2,500 state employees took Gov. Jennifer Granholm's offer in July to go to four-day, 40-hour workweeks to cut down on commute costs.
Continue reading "Government employees try longer shifts, fewer days to cut commute costs" »Boarded-up Kendall Building in downtown Grand Rapids could become apartments, retail space
by Chris Knape | The Grand Rapids Press
Thursday January 08, 2009, 4:04 AMGRAND RAPIDS -- One of downtown's higher-profile eyesores could be transformed into apartments and retail space.
The five-story Kendall Building, empty at 16 Monroe Center NW for much of the past three decades, is under contract to be sold to Virgin Soil Development's Kendall Renaissance, LLC.
Virgin Soil's Brice Bossardet said the $3.5 million to $4 million renovation is expected to create 12 two-bedroom apartments and two ground-floor retail spaces.
Continue reading "Boarded-up Kendall Building in downtown Grand Rapids could become apartments, retail space" »See more in Development, Top storyMichigan promises to fix unemployment system delays, backlog
by Ben Beversluis | The Grand Rapids Press
Wednesday January 07, 2009, 6:38 PM
Kyle Kammeraad, of Whitehall, who lost his job as working for a GM supplier, waits with others for hours to get into the packed unemployment insurance agency office on Plainfield Ave. NE. " I haven't had a check in months and money is getting tight," he said.GRAND RAPIDS -- Even as people for the third straight day waited in line four or five hours to resolve unemployment issues, officials Wednesday scrambled to prop up the backlogged state unemployment insurance system.
Continue reading "Michigan promises to fix unemployment system delays, backlog" »$4.5 million Richard DeVos mansion demolished
by The Grand Rapids Press
Wednesday January 07, 2009, 6:11 PM
A demolition crane Wednesday takes a bite from the roof of Richard DeVos' former summer home on Lake Macatawa in Holland. No plans for the site have been filed with the city of Holland.A view of Lake Macatawa is opening up along Holland's toney South Shore Drive.
Billionaire and Amway co-founder Richard DeVos' former 12,146-square-foot waterfront mansion -- five bedrooms and 8 1/2 bathrooms -- and a guest house are being demolished.
Continue reading "$4.5 million Richard DeVos mansion demolished" »Tour and learn about restored D.A. Blodgett home at 920 Cherry St. SE Thursday
by Chris Knape | The Grand Rapids Press
Wednesday January 07, 2009, 2:59 PMThis free tour and program focusing on the gloriously restored D.A. Blodgett Home/Inner City Christian Federation on Thursday sounds like it would be of interest to some of the readers of the Corner:
Here are the details:
Continue reading "Tour and learn about restored D.A. Blodgett home at 920 Cherry St. SE Thursday" »Auto industry criticizes Bush administration for not finalizing fuel economy rules
by The Associated Press
Wednesday January 07, 2009, 2:42 PMWASHINGTON -- The Bush administration said Wednesday it won't finish implementing new vehicle fuel-efficiency rules, leaving the issue to the incoming Obama administration.
Continue reading "Auto industry criticizes Bush administration for not finalizing fuel economy rules" »Nissan recalling Frontier, Pathfinder and Xterra for air bag problems related to winter weather
by The Associated Press
Wednesday January 07, 2009, 2:19 PM
Nissan FrontierWASHINGTON -- Nissan Motor Co. is recalling more than 240,000 trucks in 20 cold weather states to fix a problem that could prevent front air bags from deploying in a crash.
The government said in a posting on its Web site Wednesday that the recall affects the Frontier, Pathfinder and Xterra from the 2005-2009 model years.
Continue reading "Nissan recalling Frontier, Pathfinder and Xterra for air bag problems related to winter weather" »Looking forward to BOB expansion, other downtown Grand Rapids projects
by Chris Knape | The Grand Rapids Press
Wednesday January 07, 2009, 1:44 PM
Waiting on expansion for BOB.We'll need to wait until February to get a look at Greg Gilmore's BOB expansion plans.
While the Grand Rapids restaurateur exercised the option to buy the surface parking lots adjacent to the BOB for $1.9 million, he said he is no longer on the agenda for Thursday's the Parking Commission meeting. Instead, he'll meet with the Parking Commission Feb. 12.
Continue reading "Looking forward to BOB expansion, other downtown Grand Rapids projects" »Michigan universities step up to help create jobs
by Rick Haglund | Column | Detroit Bureau
Wednesday January 07, 2009, 10:51 AM
During the past college football season, fans at Spartan Stadium wore T-shirts emblazoned with this cryptic message: "Bring FRIB to our crib."
No, FRIB isn't the nickname of some hotshot high school player Michigan State University's football team was trying to recruit.
FRIB stands for the Facility for Rare Isotope Beams, a $550 million project that Michigan State was awarded by the Department of Energy on Dec. 11.
Continue reading "Michigan universities step up to help create jobs" »See more in FeaturedKitchen always open at new Hyatt Place
by Matt Vande Bunte | The Grand Rapids Press
Wednesday January 07, 2009, 8:28 AM
The registration desk, left, and a restaurant area, right, in the new Hyatt Place hotel in Wyoming.WYOMING -- The new Hyatt Place opening today along M-6 in Metro Health Village is a one-of-a-kind for West Michigan, its operators say.
Featuring self-directed, touch-screen registration kiosks and on-demand food ordering, the lobby -- or "gallery" -- of the five-story, 113-room hotel resembles a coffeehouse.
"It's kind of like a mixture of a Panera Bread, a Starbucks and an upscale airplane club," said R. Morgan Burkett, president and chief executive officer of the hotel's management company, Legacy Hospitality.
Continue reading "Kitchen always open at new Hyatt Place" »See more in FeaturedUnemployed in Michigan grow frustrated by long lines for benefits
by Nancy Crawley | The Grand Rapids Press
Wednesday January 07, 2009, 6:43 AM
More than 600 people took a ticket to wait for as long as five hours to make an unemployment claim Tuesday afternoon at the Michigan Unemployment Office. 
Here's a tip: Get to the unemployment office before 3 p.m. After that, the doors are locked and nobody gets in.
Tuesday, it didn't really matter, though. The one-story office building at 3391 Plainfield Ave. NE was crammed with hundreds of jobless people, from the counters to the double-glass doors out into the parking lot.
Just before 3 p.m., you would be the 637th person in line. Soon, another 10 or 20 more people would shove in behind you before the security guard locked the door.
Continue reading "Unemployed in Michigan grow frustrated by long lines for benefits" »
New Year's Eve sales soared as ball dropped in downtown Grand Rapids
by Kyla King | The Grand Rapids Press
Wednesday January 07, 2009, 5:48 AM
Revelers gather at Rosa Parks Circle on New Year's Eve. Police estimated the crowd at 10,000.GRAND RAPIDS -- It appears last week's first lighted ball drop in downtown Grand Rapids had local businesses ringing in the New Year with a big ka-ching.
By most accounts, the free New Year's Eve event at Rosa Parks Circle drew thousands of people downtown who opened their wallets for local merchants.
"It was a grand time had by all," said Dean Juth, owner of Z's Restaurant and Bar, and Zeller's party store on Louis Campau Promenade NW. "What was unique about it was people were spending money."
Continue reading "New Year's Eve sales soared as ball dropped in downtown Grand Rapids" »Rogers Plaza moves toward foreclosure, but stores still operating
by Chris Knape | The Grand Rapids Press
Wednesday January 07, 2009, 5:07 AM
Walkers pass store fronts inside Rogers Plaza on Tuesday.WYOMING -- Rogers Plaza, the area's first enclosed shopping mall, is headed toward foreclosure, continuing a cascade of bad news that has plagued Wyoming's 28th Street SW business district in recent months.
A federal court judge in New York in December approved transferring the shopping center, home to a Family Fare grocery store, MC Sports, AJ Wright, Officemax, Big Boy and an Old Country Buffet, among other shops, back to Flint-based Citizens Bank and another investor.
The stores within the 460,000-square-foot retail center, which is about 74 percent occupied, continue to operate.
Continue reading "Rogers Plaza moves toward foreclosure, but stores still operating" »Judge tells Barry Raterink his motivation was 'greed', sentences him to five years in prison for U.S. Signal scam
by John Agar | The Grand Rapids Press
Tuesday January 06, 2009, 6:18 PM
Barry RaterinkGRAND RAPIDS -- The local multi-million dollar scam at U.S. Signal pales compared to the $50 billion allegedly swindled by Wall Street money manager Bernard Madoff. But it carried disastrous potential to workers and their families -- and exasperation for a public weary of high-life scandals.
"The citizens of this country are tired of privileged executives living lives of unbridled greed," U.S. Signal owner Richard Postma told a judge Tuesday.
Continue reading "Judge tells Barry Raterink his motivation was 'greed', sentences him to five years in prison for U.S. Signal scam" »See more in FeaturedWyoming allows six LED billboards; other cities wait for federal safety study
by Matt Vande Bunte | The Grand Rapids Press
Tuesday January 06, 2009, 4:57 PMWYOMING -- Six. That's how many light-emitting diode, or LED, billboards could fit along U.S. 131 through Wyoming under rules approved by the city.
But whether Wyoming's 4,000-foot minimum spacing becomes the area standard -- or other local communities allow the signs at all -- remains to be seen.
An ongoing federal study, due at the end of the year, also could play a role as Grand Rapids, Kentwood, Walker, Plainfield Township and others look to govern the new technology.
Continue reading "Wyoming allows six LED billboards; other cities wait for federal safety study" »
LATEST MARKET UPDATESInvestingStocks
· Quickrank
· A-Z List
· 52 Week High/low
· Index Performance
· Market Movers
Mutual Funds
· Quickrank
· A-Z List
ETFs
· QuickrankGet a QuoteEnter a stock or
fund symbolBUSINESS RESOURCE GUIDE- GRAND RAPIDS BUSINESS COLUMNS
- SIGN UP FOR DAILY NEWSLETTERS






