Category Archives: Finance

Esperion Announces Public Offering of Common Stock

ANN ARBOR — The cholesterol-fighting drug developer Esperion Therapeutics Inc. (NASDAQ:ESPR) Tuesday announced the proposed sale of $150 million of its common stock in an underwritten public offering.

Esperion also expects to grant the underwriters a 30-day option to purchase up to $22.5 million of additional shares of its common stock.

Continue reading Esperion Announces Public Offering of Common Stock

Quicken Named No. 1 Place To Work In IT For 5th Straight Year

DETROIT — For the fifth straight year, Detroit-based Quicken Loans has earned the No. 1 ranking on Computerworld magazine’s “Best Places to Work in IT” list.

This year’s award represents the eighth time the company has earned the No. 1 spot, and the 13th consecutive year it has appeared on Computerworld’s list.

Continue reading Quicken Named No. 1 Place To Work In IT For 5th Straight Year

State, Huntington Bank Set Flint Business Microlending Plan

LANSING — The Michigan Economic Development Corp. and Huntington Bank have established a program called the “Pure Michigan Micro Lending Initiative” for small buisnesses in Flint seeking $1,000 to $250,000 that might not be able to obtain traditional bank financing.

The initiative has a $2 million lending commitment, and marks an expansion of the program that began in the fall of 2013 to serve small businesses in Detroit and has since expanded to serve 17 counties.

Continue reading State, Huntington Bank Set Flint Business Microlending Plan

PACE Workshop Set For Great Lakes Bay Area

DETROIT — Midland Tomorrow will host an event next month explaining how commercial building owners can finance energy efficiency improvements long term through Michigan’s Property Assessed Clean Energy (PACE) law.

“Keeping PACE With Energy Efficiency in Michigan” will be held Tuesday, Feb. 16 from 11:30 a.m. to 1:30 p.m. at The Great Hall, 5121 Bay City Road, Midland. A light buffet luncheon will be served at the free event.

Business owners, building owners and managers, architects, consulting engineers, contractors and vendors involved with energy efficient designs and upgrades are invited to attend.

Continue reading PACE Workshop Set For Great Lakes Bay Area

Southfield Company Sets College Planning Workshop

SOUTHFIELD — Education Planning Resources Inc. will hold one of its “Total College Planning” workshops Saturday, Sept. 19 at the Holiday Inn Detroit – Livonia.

The event runs from 9:30 to 11:30 a.m. at the hotel, located at 17123 N. Laurel Park Drive in Livonia, near the intersection of I-275 and Six Mile Road.

Among the topics the free event will cover:
* How to save money for your children’s or grandchildren’s education tax-free
* The importance of starting early and sticking to a plan
* How to save without market risk or penalties
* How to choose a college offering the most financial aid
* How to avoid plans that penalize your chances for financial aid
* Discounts if you own a business or have a high income.

Register at http://www.cutmycollegecost.com.

For more information on EPR, visit http://www.educationplanningresources.com.

EPR is a program partner of The Engineering Society of Detroit.

Energy Alliance Group Sets PACE Webinar

SOUTHFIELD – The Energy Alliance Group of Michigan will hold a webinar Wednesday, July 15 on the Property Assessed Clean Energy program to fund energy efficiency and renewable energy improvements.

Continue reading Energy Alliance Group Sets PACE Webinar

Quicken, Secure-24 Make Top IT Workplaces List

DETROIT — Quicken Loans Inc. is once again the No. 1 place to work in information technology among large companies, according to Computerworld magazine.

And the Southfield-based managed services provider Secure-24 has again made the list among small companies, earning the No. 4 spot.

Continue reading Quicken, Secure-24 Make Top IT Workplaces List

Cirque Energy Files Proxy Statement, Sets June 10 Special Stockholders Meeting

MIDLAND — Cirque Energy Inc. (OTC Pink: EWRL) announced that it filed a definitive proxy statement with the U.S. Securities and Exchange Commission Thursday, May 28 to convene a special meeting of its stockholders on June 10 in Midland.

Among various matters to be presented for a vote at the meeting will be a proposal to increase the company’s authorized common stock from 300 million shares to 900 million shares.

As noted in the proxy statement, the company will use the additional shares to close on the previously announced acquisition of Cirque Energy II LLC and to raise capital for the future growth and expansion of the company, among other purposes.

Continue reading Cirque Energy Files Proxy Statement, Sets June 10 Special Stockholders Meeting

Burroughs Adds UV Fraud Security To Check Scanner

PLYMOUTH — Burroughs Inc., the Plymouth manufacturer of check scanners for the financial community, is pleased to announce the addition of ultraviolet check fraud security to its SmartSource Professional Elite check scanner.

Taking advantage of the new Burroughs UV camera technology, not available with older devices, the SmartSource UV Elite check scanner provides a low-cost means of providing improved UV image quality and enhanced fraud detection capabilities.

“We are seeing a growing demand around the world for ultraviolet check fraud security,” said Bruce Young, Burroughs vice president of product development, international sales and manufacturing operations.

Burroughs scanners with UV check fraud security are designed to meet all international standards for processing UV security features on documents.

More at http://www.burroughs.com.

Laser Maker’s Net Income Rises Despite Sales Decline

PLYMOUTH — Rofin-Sinar Technologies Inc. (Nasdaq: RSTI), the industrial laser maker with dual headquarters in Plymouth and in Hamburg, Germany, reported net income of $8.7 million or 31 cents a share in the second quarter of its fiscal year, ended March 31, up from $4.5 million or 16 cents a share in the same quarter a year earlier.

The profit increase came despite a 5 percent decline in revenue, to $122.7 million, down from $128.6 million in the same quarter a year earlier.

Continue reading Laser Maker’s Net Income Rises Despite Sales Decline