Andy Balaskovitz

Mergers and acquisitions activity is likely to pick up during the next year, with a resilient U.S. economy and lower interest rates spurring increased deal activity, according to a survey of dealmakers.

A $2 million state grant to support the production of “e-steam” from electric-powered boilers at downtown Grand Rapids' steam utility will help offset potential increases to customer rates, utility officials say.

Michigan's sweeping clean energy policy rewrites that Democrats passed and signed into law last year lean, in part, on potentially capturing carbon dioxide emissions from fossil fuel-powered plants and storing those emissions deep underground.

Some familiar names top our newest list of the largest credit unions in Michigan.

Hearthside Food Solutions' private equity owners are preparing to hand control to creditors, potentially as part of a bankruptcy filing, according to people with knowledge of the plans.

Like most everything else, the cost to insure a home continues to rise, and Michigan is one state nearing what one group is calling a “crisis.” A new report by Insurify, a Massachusetts-based consumer insurance comparison company, notes that Michigan is among more than a dozen states projected to see some of the highest growth in premiums to insure a home, rising about 14% this year over 2023. To be sure, Michigan is free from many of the worsening natural disasters — hurricanes and wildfires — affecting states including Florida, Texas and California. In fact, Michigan and surrounding states have been touted as potential “climate havens” for residents of states feeling the brunt of climate change. But real estate and insurance experts say that a variety of factors, from the state's aging housing stock to worsening storm systems, are likely all contributing to Michigan homeowners getting some sticker shock as their home insurance premiums continue to increase. The worsening weather caused by climate change, coupled with metro Detroit's older housing stock as well as the economic conditions of the last several years essentially makes for a “perfect storm,” said Denise Mansfield, the owner of a Michigan Farm Bureau agency in Shelby Township.

Democratic U.S. Rep. Hillary Scholten has won a second term in Congress to represent a West Michigan district spanning Grand Rapids to Muskegon.

Donald Trump was elected the 47th president of the United States, pulling off a stunning political comeback in one of the most polarized contests for the White House in history.

Grand Rapids-based snack maker Hearthside Food Solutions is preparing to file for bankruptcy as soon as this week, according to people with knowledge of the matter, who asked not to be identified discussing a private matter.