Traverse City Record-Eagle

Archive: Sunday

August 4, 2013

Business in Brief: 08/04/2013

Biz start-up workshop

TRAVERSE CITY — Individuals who are considering self-employment or are in the beginning stages of starting a business will have access to a wide variety of helpful information at a business start up workshop being offered by the Michigan Small Business and Technology Development Center. Venture Start: Business Start Up will be held Aug. 13 from 5:30 to 7:30 p.m. in the Parsons-Stulen building on NMC’s Aero Park Campus.

The workshop will be taught by business consultant Walt Muellenhagen and will help aspiring entrepreneurs assess their abilities to lead and manage a company, and evaluate market and sales potential for their products/services. Start-up costs, financing options, and business planning will be introduced, along with necessary steps to getting started.

There is no charge to attend the workshop but pre-registration is required at: northwestmichiganbusiness.com. For more information, call Sharon Gordon at: 922-3780 or email sharongordon@nwm.cog.mi.us.

 

American Axle profits rebound as sales rise

DETROIT — American Axle & Manufacturing Holdings Inc. said Friday that its second-quarter net income jumped five-fold compared with results a year ago hobbled by charges for plant closings.

Its shares jumped briefly to their highest level in more than five years as earnings beat Wall Street expectations.

The company earned $25.8 million, or 34 cents per share, for the quarter that ended June 30. That was up from $4.7 million, or 6 cents per share, during the same period last year, when it absorbed 49 cents per share worth of special charges for closing plants in Detroit and Cheektowaga.

Revenue rose 8 percent to $799.6 million from $739.8 million a year earlier.

Analysts surveyed by FactSet had been expecting lower earnings of 30 cents per share on higher revenue of $813.8 million.

AAM gets most of its revenue for General Motors-related parts, although non-GM revenue rose almost 13 percent to $223.8 million, the company said. It’s benefiting from a recovery in the North American light truck market and from new products, said President and CEO David C. Dauch.

Text Only

Facebook
Twitter Updates
Follow us on twitter
Associated Press Video
Bill Murray Continues To Be Just Bill Murray By Eating Some Free Bill Murray Ice Cream Deja vu: Another NYPD officer choke-holding a suspect Hillary Clinton Blamed Bill's Affair With Monica Lewinsky On Abuse He Suffered As A Child 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Chapter Two: Becoming a first-time director Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot Samsung Pre-Trolls The IPhone 6 With New Ad Jimmy Kimmel Introduces His Baby Girl