BLOOMFIELD HILLS, MI-Myron E. Ullman's hiring as JCPenney chief of executive officer would result in a conflict of interest, says the board member who headed the compensation committee and served on the audit committee.
ALLEN PARK, MI-Lowe's, Joanne ETC, Staples and Petco have signed on as major tenants for the redevelopment of the former Veteran's Administration hospital site at Outer Drive and Southfield Road.
DECKERVILLE, MI-Trim Trends will expand its metal stamping plant with a $300,000 Michigan Economic Development Corp. grant, one of several in a $2-million package recently released.
LANSING, MI-Republic Bancorp buys the Chemical Bank and Trust branch at 3015 E. Saginaw St., while closing a Republic Bank branch at 2425 E. Grand River Ave.
AUBURN HILLS, MI-The Palace of Auburn Hills, which has seen $50 million poured into it in recent years, will see extensive upgrades as the NBA season resumes.
TRAVERSE CITY, MI-Cherry Capital Airport has opened a $45-million terminal, in the works since shortly after the terrorist attacks of Sept. 11. The highs-speed baggage screening system is one of only nine in the US.
HAMBURG TOWNSHIP, MI-A popular Livingston County eatery will double in size to 14,000 sf to keep up with a population that has grown to 20,627, according to the 2000 census.
TROY, MI-The state is dangling a $44.7-million carrot to hang on to Kmart's headquarters, as well as 1,500 jobs. The company also could receive $750,000 in employee training funds.
FERNDALE, MI-bd's Mongolian barbeque plans 10 new restaurants a year in the Midwest for the next several years, including a non-profit franchise in Ulaanbaatar, the capital city of Mongolia.