Quicken Loans will officially have its name changed to Rocket Mortgage this summer.

DETROIT – The much talked about Rocket Mortgage initial public offering took flight Thursday and the launch was not as bright as initially intended. ORIGINAL STORY: Quicken Loans IPO debuts at $18 a share, below expectationsRocket founder Dan Gilbert and CEO Jay Farner kicked off the trading day before going on CNBC to discuss the merger in Gilbert’s first national television appearance since his stroke. “We think we are a tech company that happens to do loans. “We’re up to 2,500 technologies to build what you experience.”RELATED: What does Quicken Loans plan to go public mean for city of Detroit? The stock started out at $18 a share and investors bid it up to just under $21 by the close.

DETROIT A Detroit-based mortgage company said it will offer a paid holiday to employees on June 19, which is observed as the end of slavery in the United States. Quicken Loans said the policy covers 30,000 employees. Juneteenth will be a paid holiday for team members who choose to commemorate this day, chief executive Jay Farner said Friday on Twitter. Quicken Loans and affiliated companies have a large presence in Detroit, which is about 80% black. Related: Nike is making June 19 -- Juneteenth -- a company holiday

DETROIT Business leaders from some of the nations largest companies gathered Wednesday morning at Detroit City Hall. ORIGINAL STORY: Detroit business leaders speak out against racism, institute plans to combat systemic problemsThe event was coordinated by Detroit Mayor Mike Duggan to speak out against racism and injustice. Dr. Wendell Anthony, President of Detroit Chapter of the NAACPMike Duggan, Mayor of DetroitDetroits NAACP leader Rev. Every one of us has a stake in the harsh reality that is life for minorities in America," Torgow said. Henry Ford Health System CEO Wright Lassiter grew up with civil rights leaders in his home -- his parents marched in Selma in 1965.

DETROIT Nine CEOs from Detroits biggest companies are coming together to speak out against racism and injustice during a press event on Wednesday morning. The event is planned for 9:30 a.m. -- you can watch it live in the video player above. Who is participating:

DETROIT The CEOs of nine Detroit businesses were joined with Mayor Mike Duggan and Rev. Wendell Anthony to speak out against racism Wednesday morning. Dr. Wendell Anthony, President of Detroit Chapter of the NAACPMike Duggan, Mayor of DetroitThe group said they believe it is the responsibility of every American to speak out against the racism," and that they stand with the black community in calling for change across the nation.The business leaders said they are committing themselves and their companies to reject and eliminate all forms of bias, racism, sexism and violence. To back up their words, the group said their companies will be investing in programs and policies to help transform disparities that exist, locally and nationally. The group urged government officials to hold accountable all individuals involved with the deaths that have occurred.

DETROIT Former owner David Farber came out of retirement, repurchasing Detroit Popcorn following the statements made by his successor via social media. This morning we were made aware of the statements made by Evan Singer, owner of Detroit Popcorn, on social media. The Detroit Zoological Society (DZS) would like to thank everyone who alerted us to the racist comments made by the owner of Detroit Popcorn. You will no longer see Detroit Popcorn product at the Detroit Zoo.I think that's good, I think. Detroit Popcorn Company is closed in the short term until we can assess the best way to move forward and also facilitate a sale.

DETROIT Rocket Mortgage by Quicken Loans announced Wednesday a new initiative to provide digital access to every Detroiter within the next five years. Rocket Mortgage Classic and Rocket Mortgages new Changing the Course initiative aims to provide Detroiters access to the internet, technology and digital literacy training that is the baseline for education and opportunity in todays economy.Officials say as the coronavirus (COVID-19) pandemic overtook Detroit, it unveiled unaddressed, underlying problems facing the city -- with internet access among the most prominent. Detroiters deserve better.Officials say among U.S. cities with more than 100,000 households, Detroit already ranks as the least connected in the country. The Rocket Giving Fund will specifically invest in organizations and infrastructure that will make 5G internet technology available across Detroit, officials say. You can read the full announcement from Rocket Mortgage by Quicken Loans here.

DETROIT - Quicken Loans Chairman Dan Gilbert has returned to Detroit to continue his recovery from a stroke, the company confirmed. Gilbert returned to the city Friday to continue his rehabilitation, officials said. While at the hospital, Gilbert, 57, suffered a stroke and was treated and moved to recovery in the intensive care unit, officials said. He was discharged from the hospital June 19 to continue his recovery at an inpatient rehab center, Quicken Loans CEO Jay Farner said. READ: Dan Gilbert 'responsive and resting comfortably' after strokePrevious coverageCopyright 2019 by WDIV ClickOnDetroit - All rights reserved.

DETROIT - Quicken Loans Chairman Dan Gilbert recorded a video for employees as he continues to recover and rehab following a stroke. "As Dan continues his rehabilitation and makes progress toward his recovery, yesterday he recorded a brief video to share his gratitude with our company's 17,000 team members who have set numerous records through the second quarter and beyond," Quicken Loans officials said in a statement. While at the hospital, Gilbert, 57, suffered a stroke and was treated and moved to recovery in the intensive care unit, officials said. He was discharged from the hospital June 19 to continue his recovery at an inpatient rehab center, Quicken Loans CEO Jay Farner said. READ: Dan Gilbert 'responsive and resting comfortably' after strokePrevious coverageCopyright 2019 by WDIV ClickOnDetroit - All rights reserved.

Dan Gilbert is responsive and resting after suffering a stroke, according to Quicken Loans CEO Jay Farner. Copyright 2019 by WDIV ClickOnDetroit - All rights reserved.