The Federal Reserve cut its key interest rate by a quarter-point Wednesday, its first reduction since December.| www.corpmagazine.com
It’s going to take a few years, but Robert Bosch GmbH will be cutting employees. Bosch will cut about 13,000 additional jobs at its auto-parts business as rising competition and a sluggish European car market push the manufacturer into deeper restructuring, Bloomberg reported.. The reductions will be made over the next five years — by […]| Corp! Magazine
Real GDP growth in the second quarter of 2025 was revised higher in the third estimate on upward revisions to consumer spending. Personal incomes are forecast to have risen moderately in August, and spending likely jumped on the back of stronger purchases of goods. The Personal Consumption Expenditures (PCE) Price Index will probably show annual […]| Corp! Magazine
Ford today appointed Mike Fitzsimmons to Vice President, Global Labor. Fitzsimmons brings over two decades of extensive experience in labor relations, employment law and HR policy across several prominent global corporations. Most recently, he led The Boeing Company’s worldwide labor relations, including managing collective bargaining and contract administration for contracts covering over 60,000 unionized employees. […]| Corp! Magazine
Stephen Miran, the Trump advisor appointed to the Federal Reserve Board of Governors who was sworn in just hours before last week’s meeting, thinks the Fed should reduce interest rates quickly, as do other governors appointed by Trump. Fed Chair Jerome Powell says, not so fast. In remarks made in Rhode Island Tuesday, Powell – […]| Corp! Magazine
The U.S. economy had a better second quarter than originally thought. Adjusted figures show the economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest economy. The country’s GDP — the broadest measure of economic output […]| Corp! Magazine
Starbucks fans are going to have to do a quick location check to make sure their favorite store is still around. The Seattle-based coffee giant said this week it will close hundreds of locations in the U.S. and Canada while also laying off some 900 employees. Company officials said the closures would begin immediately, though […]| Corp! Magazine
DETROIT – Comerica Bank and the Grand Rapids Griffins are teaming up over the next six weeks to help score Kids’ Food Basket’s (KFB) goal of reducing food insecurity among children and families in the community with nourishing and healthy food. The community food drive began Monday and runs through Saturday, Nov. 1. The public […]| Corp! Magazine
Corp! Magazine honored Michigan's Most Valuable Professionals, Entrepreneurs and Young Professionals at its annual event.| Corp! Magazine
The Kresge Foundation announced the company will move its headquarters from Troy to Detroit, and will invest some $180 million in surrounding neighborhoods.| Corp! Magazine
A new survey shows bosses might be disconnected from their workers, and it could end up being costly.| www.corpmagazine.com
Davenport University President Dr. Richard Pappas is continuing a family tradition of educational leadership.| www.corpmagazine.com
SHELBY TOWNSHIP, MI – Filippas Italian Restaurant and Banquets, 45125 Mound Road in Shelby Township, is celebrating its 50th anniversary this year. The popular Italian fine dining restaurant credits its success to returning to many of the original Italian meals it served when it opened in 1975. Filippas was opened by the Fiore family in […]| www.corpmagazine.com
Dozens of Chicagoland's Best and Brightest Companies were honored for their success at a ceremony at the Marriott Oak Brook.| www.corpmagazine.com
Edward Deeb, an active Detroit area community leader and problem solver for more than 65 years, passed away in his home on September 2, 2025 at the age of 89.| www.corpmagazine.com
New BCBSM CEO Tricia Keith says the surging cost of health care is| www.corpmagazine.com
The changing tariff landscape, and the uncertainty of tariff impacts that comes with it, has automotive suppliers waiting to fill open jobs.| www.corpmagazine.com
Despite heavy pressure from the White House, Federal Reserve officials decided against a rate cut at its Wednesday meeting.| www.corpmagazine.com
The Ground Vehicle Systems symposium is the largest event of its kind in the nation, organizers say.| www.corpmagazine.com
West Michigan's top business leaders were on hand to be honored as the Best and Brightest companies in the region, and to offer advice on how to reach that level of success.| www.corpmagazine.com
They needed a tie-breaking vote from Vice President J.D. Vance to do it, but U.S. Senators approved the| www.corpmagazine.com
The DTE board named Joi Harris to become CEO, replacing Jerry Norcia, who was elected executive chairman of the board.| www.corpmagazine.com
Generative AI isn't just kept in the back room of tech giants anymore. It has rocketed to center stage in the business world.| www.corpmagazine.com
DETROIT – Better Made Snack Foods turns 95 on Aug. 1. Still made fresh daily in Detroit at 10148 Gratiot Avenue and still family owned, Better Made has grown into one of Michigan’s best-known iconic brand names of all time. Part of Better Made’s success is the regular development and release of delicious new products […]| www.corpmagazine.com
Ford Motor Company launched a new philanthropic initiative company officials said will meet the “rapidly evolving” needs of local communities in an effort they say continues a 122-year effort to stand with communities through good and bad times. In a statement posted to the company’s website, officials announced “Ford Building Together,” which increases volunteer hours […]| www.corpmagazine.com
Apple announced a new commitment of 500 million with MP Materials, the only fully integrated rare earth producer in the United States, a multi-year deal that commits Apple to buying American-made rare earth magnets developed at MP Materials’ flagship Independence facility in Fort Worth, Texas. The two companies will also work together to establish a […]| www.corpmagazine.com
President Trump signed his big, beautiful bill into law. Now the focus shifts to who is impacted.| www.corpmagazine.com
With immigration enforcement activity on the rise, experts say business leaders should establish a plan in the event of an ICE raid.| www.corpmagazine.com
Corp! Magazine is a nationwide business publication dedicated to business owners, C-Suite, and executives leaders.| www.corpmagazine.com
LANSING, Mich. — Governor Gretchen Whitmer announced the appointments of Judge Aliyah Sabree and Nicole Castka to the Third Circuit Court in Wayne County. “Today, I am proud to appoint Judge Sabree and Castka to the bench,” Whitmer said. “Both of these skilled legal professionals bring years of experience to their new roles, where I […]| www.corpmagazine.com
STEP Names Nouran Zohdy as New Chief Financial Officer| www.corpmagazine.com
A solid exit strategy can be a blueprint for preserving your business' legacy.| www.corpmagazine.com
WARSAW, Ind. – Autocam Medical, a global leader in precision-machined medical devices, announced plans to construct a 100,000-square-foot, state-of-the-art manufacturing facility in Warsaw, Ind. This expansion strengthens the company’s long-term commitment to high-tech job creation, technical innovation, and deep partnership with the City of Warsaw, commonly known as the “Orthopedic Capital of the World.” Construction […]| www.corpmagazine.com
TROY, Mich. – Rehmann, a fully integrated professional advisory firm, welcomed Mandy Chardoul as a Principal of Advisory and Tax Services. She will work out of the firm’s Grand Rapidsoffice. Chardoul is a strategic advisor with over 20 years of experience guiding ultra-high-net-worth families through the complexities of wealth, planning and legacy. She specializes in […]| www.corpmagazine.com
Bosch Cutting 13,000 Jobs by 2030, Mainly in Germany| www.corpmagazine.com
The U.S. economy did something it hadn’t done in three years in the first quarter: Shrink. The U.S. economy shrank at a 0.3% annual pace from January through March, The Associated Press reported. The first drop in three years was spurred by a surge in imports as companies in the United States tried to bring […]| www.corpmagazine.com
U.S. applications for jobless benefits have stayed in the same basic range for months, but that doesn’t mean there haven’t been fluctuations. According to the Labor Department, applications for unemployment assistance bumped up last week to their highest level in two months. Statistics released by the government this week showed jobless claim applications jumped to […]| www.corpmagazine.com
Federal Reserve Chair Jerome Powell told the Economic Club of Chicago that the central bank has to keep in mind the effect sweeping tariffs being imposed by President Donald Trump don’t ignite an inflation rate that has been mostly dropping. In the text of the speech, according to Bloomberg, Powell said policymakers would continue balancing […]| www.corpmagazine.com
Some of the biggest auto industry trade groups signed onto a letter asking the Trump administration for relief from tariffs on auto parts.| www.corpmagazine.com
Most businesses are taking a 'wait and see' attitude on the effects of impending tariffs before charting a financial course.| www.corpmagazine.com
The U.S. jobs market shrugged off the effects of federal government layoffs and the impact of new tariff policy and posted a better-than-expected gain last month. The Labor Department announced Friday the U.S. economy added 228,000 jobs in March. Published reports said economists had expected some 140,000 to be added. The unemployment rate rose slightly, […]| www.corpmagazine.com
Gov. Gretchen Whitmer talked about road conditions and called for more certainty in U.S. economic policy in a speech to the Detroit Economic Club.| www.corpmagazine.com
DETROIT – Kerr, Russell and Weber PLC and Barris, Sott, Denn & Driker PLLC, two long-standing Detroit-based law firms, announced that they combined operations effective April 1. The resulting firm will have more than 60 attorneys working in Kerr Russell’s Detroit office at 500 Woodward Avenue, with enhanced capabilities in areas including real estate, corporate […]| www.corpmagazine.com