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Business

Schwartz new president of Billerud NA

Billerud has appointed Doug Schwartz as president of Billerud North America and a member of the company’s Group Management Team, effective Sept. 30. Schwartz has extensive experience in the U.S. forest and paper industry, including serving in key leadership roles at companies such as Sonoco ...

Free course, webinar set on business loans, forming plans

BATTLE CREEK — Free learning opportunities will be available from Northern Initiatives, a nonprofit lender working throughout Michigan. — Applying for a Business Loan 101: This free webinar Tuesday can help entrepreneurs learn about business loans, including what lenders look for and ...

Wall Street soars to records in a rate-cut rally

NEW YORK (AP) — Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal Reserve's big cut to interest rates. The S&P 500 jumped 1.7% for one of its best days of the year and topped its last all-time high set in July. The Dow Jones ...

Fed cuts interest rate by half-point

WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers. The rate cut, the ...

Teamsters union declines to endorse for president

WASHINGTON (AP) — The International Brotherhood of Teamsters declined Wednesday to endorse Kamala Harris or Donald Trump for president, saying neither candidate had sufficient support from the 1.3 million-member union. "Unfortunately, neither major candidate was able to make serious ...

Meta bans Russia state media outlets

LONDON (AP) — Meta said it's banning Russia state media organization from its social media platforms, alleging that the outlets used deceptive tactics to amplify Moscow's propaganda. The announcement drew a rebuke from the Kremlin on Tuesday. The company, which owns Facebook, WhatsApp and ...