AGP Executive Report
Last update: 12 hours agoCorporate Moves: DTE Energy agreed to sell its non-utility DTE Vantage business for about $3 billion, while Toshiba is asking a judge to limit the bond tied to its appeal of a $394 million power-plant judgment. Jobs and Banking: Northpointe Bank plans to cut 338 jobs in Grand Rapids and DeWitt as it sells mortgage operations; the deal is expected to close by Nov. 30, with some staff offered jobs by the buyer. Business Access: New seasonal United Airlines flights from Traverse City to Los Angeles and San Francisco, launching in June 2027, are expected to improve the region’s draw for companies and executives. Policy and Utilities: Consumers Energy and DTE sued to block Proposal 2, approved by about 81% of voters, which restricts political contributions by utilities and other entities. Economic Priorities: With Democrats set to control Michigan’s governorship and both legislative chambers, incoming leaders are promising to focus on affordability as businesses face pressure from energy costs and a cooling jobs picture.
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