Market Brief: Dow and Nasdaq End Higher
Stock indexes closed with gains as the Dow rose and the NASDAQ edged up. Investors watched mixed signals from corporate results and economic data, sending major benchmarks higher on the session.
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Newspaper
Holland Sentinel
Location
Holland, Michigan, United States of America
Date
Apr 20, 2018
Page
4
Stock indexes closed with gains as the Dow rose and the NASDAQ edged up. Investors watched mixed signals from corporate results and economic data, sending major benchmarks higher on the session.
Warner Norcross Judd LLC will host a benefits and labor issues seminar May 3 at the Amway Grand Plaza Hotel featuring 24 attorneys from eight offices in West Michigan. The program runs half day with morning benefits sessions and an afternoon labor focus plus Q A sessions. The firm employs about 220 attorneys across Grand Rapids and Holland.
Midwest Construction Group announces four new hires expanding staff to 21. Matt Anisko is named project manager, Jake Czerkies becomes estimator, Bill Nielson serves as project superintendent, and Michelle Tanis takes on marketing and human resources. The firm, founded in 2010, provides commercial and industrial construction services with Geerlings Development as a partner.
Michigan reports a 4.7 percent seasonally adjusted unemployment rate for March, down from February by 0.1 point as the workforce shows little change. The national rate stands at 4.1 percent, with Michigan 0.6 points higher. March job totals rose by 3,000, the first monthly gain since October.
A proposed bill in Michigan would strip able bodied adults of Medicaid if they fail to prove work or training for 29 hours weekly by Oct 1 2019. The measure, passed 26 to 11 in the Senate and headed to the House, targets as many as 300 000 enrollees though exemptions apply for pregnant women jobless recipients caretakers students and those on unemployment or disability benefits.
A federal appeals court declined to freeze Judge Mark Goldsmith’s April decision restoring good behavior credits for juveniles convicted of murder, signaling early parole hearings for many with juvenile lifer status. In a separate case, 48-year-old David Teneyugu was fatally shot by Kalamazoo County deputies at Pavilion Estates after allegedly raising a gun, prompting a State Police investigation.
Michigan regulators signaled the start of licensure for nine medical cannabis businesses under the new regulatory regime. The Medical Marijuana Licensing Board advanced applications while denying two. Applicants must have physical locations and community approval to proceed with licenses to grow process sell transport or test cannabis by June 15. The 2016 law clarifies dispensary legality and introduces a 3 percent tax on provisioning centers.
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