Crain's Detroit Business

SpartanNash Co (NASDAQ: SPTN) shareholders rejected board nominations from activist investors on Thursday morning, according to a report from Crain’s Detroit Business. The activist investors, Macellum Advisors and Ancora Holdings Group, wanted to replace three SpartanNash board members....

The financial services industry needs to address the 1.6 billion people without stable access to the sector, Basil Moftah, general partner at Global Ventures, said Tuesday at the Benzinga Global Fintech Awards.  “How do you bring them into the digital world with all the benefits...

Detroit-based Rocket Companies (NYSE: RKT) announced the winners of its fourth annual entrepreneurship competition — Detroit Demo Day — in partnership with Crain's Detroit Business on Tuesday. Paralee Boyd, a streamlined salon, is the competition’s overall...

Trucking mogul Manuel Moroun, the billionaire owner of the Ambassador Bridge, has died at the age of 93, Crain's Detroit Business reported on Monday. Moroun purchased the Ambassador Bridge in 1979. The bridge, linking Detroit and Windsor, Ontario, is the only privately owned border crossing...

New Standard just moved in down the street, and it’s trying to be a good neighbor. The provisioning center opened a new Hazel Park, Michigan site on Friday to become suburban Oakland County’s fourth adult-use retailer. It plans to donate a portion of its near-term profits to local...

At first, the coronavirus outbreak seemed to help Michigan’s fledgling cannabis industry. The spread of the virus and government restrictions inspired stockpiling. Pot sales surged across the state, leading to some of the busiest days shops have seen since opening. Profits peaked just...

Sun Communities Inc (NYSE: SUI) stock is up a little over 10% since the first of the year, nearly back to where it was before a December drop that marred a year-long steady increase in the share price of the manufactured housing and RV community developer. The stock price rise — while...

The owner of a Michigan "beer exchange," where the prices of the brews move up and down based on demand like stock prices, says he's planning a second location in Detroit. The Kalamazoo Beer Exchange opened in 2010 and features beer prices that change by the minute, with pricing...

In 2009, in the midst of the global financial crisis, after Daimler washed its hands of the bankrupt Chrysler and pulled out of the DaimlerChrysler joint venture — and as Cerberus was desperately trying to peddle its struggling asset — Fiat’s fearless leader stepped...

Wisconsin won’t break even on the huge incentives it’s offering Taiwan’s Foxconn to build a new plant in the state until 2042, a study concludes, and local media report that the proposal now may not even have enough votes to pass the legislature. President Donald Trump had...

Apple Inc. (NASDAQ: AAPL) supplier Foxconn Technology Group has a multibillion-dollar autonomous vehicle research-and-development facility development planned for Michigan, according to the South China Morning Post. The announcement follows Foxconn’s July announcement of a $10 billion LCD...

A multibillion-dollar industrial project is in planning stages in mid-Michigan’s Shiawassee County that would rank as the country’s largest manufacturing plant if completed, but details are scarce. “Project Tim” is a renewable energy development that would cost between $4.5...

The Church of Scientology has been issued a permit to complete $8 million in work on a building it bought 10 years ago in the heart of downtown Detroit. The permit outlines renovations to both the interior and exterior at the 50,000-square-foot historic former Standard Savings & Loan Building,...

Benzinga will be moving its headquarters to the heart of Detroit in just a few short weeks, so this will be the last of our monthly series highlighting establishments and exciting things going on in our new home. To read another cool piece in the series about Detroit being green, click here....