Stocks Of Local Interest
Market closes with mixed moves as Dow edges higher to 22 284 while Nasdaq adds to 6 380 amid uneven trading. Local stocks show marginal gains with small cap activity and cautious investor sentiment prevailing.
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Newspaper
Holland Sentinel
Location
Holland, Michigan, United States of America
Date
Sep 27, 2017
Page
4
Market closes with mixed moves as Dow edges higher to 22 284 while Nasdaq adds to 6 380 amid uneven trading. Local stocks show marginal gains with small cap activity and cautious investor sentiment prevailing.
Legislation backed by House Speaker Tom Leonard and Detroit Mayor Mike Duggan would end the state mandate for unlimited medical benefits in auto policies. Drivers could choose 250000 or 500000 coverage, with a 40 percent PIP fee cut and about a 20 to 50 percent overall policy savings. Those 62 and older with Medicare could opt out entirely, potentially saving 35 percent. Duggan cited Michigan’s high rates and estimated an average driver could save around $604 annually.
Michigan Attorney General Bill Schuette announced a class action in Kent County Circuit Court seeking to stop alleged violations of the Consumer Protection Act by Family Fitness. The suit targets practices tied to canceled memberships and billing, with 14 West Michigan centers named and 26 complaints filed against the Holland location.
Chemical Bank will close three area locations as part of a larger consolidation by Chemical Financial Corporation. The Holland branch at 855 Ssee Ave will merge into downtown Holland. the Hamilton branch will stay open. The moves, planned for December, aim to reclaim market share amid online banking growth, with about 18 million dollars in severance and restructuring costs.
U S stock indexes ended little higher after an early surge faded. Tech names led a partial rebound with Red Hat boosting sentiment while energy and banks slipped. Yellen signaled inflation remains weak but Fed may still move rates, sparking December rate expectations as Senate Republicans delay a health bill vote.
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