INSIDER
Artist who painted whale mural on Broderick Tower in Detroit asks court to step in, uncover mural
Read full article: Artist who painted whale mural on Broderick Tower in Detroit asks court to step in, uncover muralItโs been a Detroit staple for more than two decades. The so-called whaling wall, one of the most well-known murals in the city, keeps getting covered up.
New mural to drape Broderick Tower, the famous โwhales buildingโ in Downtown Detroit
Read full article: New mural to drape Broderick Tower, the famous โwhales buildingโ in Downtown DetroitThe Downtown Detroit building with the famous whales mural is getting a new look -- but donโt worry, the whales arenโt going away completely.
Dan Gilbert announces $500M investment in Detroit neighborhoods
Read full article: Dan Gilbert announces $500M investment in Detroit neighborhoodsREAD: Local organizations to invest $500M into Detroit, eliminate homeowner property tax debt for thousandsThe funds will start with help for homeowners with overdue property taxes. โNo person should have to make the decision of the choice between keeping them home of feeding their family,โ Gilbert said. Gilbert and his wife, Jennifer, are pledging half of a billion dollars through the Gilbert Family Foundation and the Rocket Community Fund to make a real impact on the problems people face. โIโd much rather see property taxes paid, interest and penalties waived, fees waived, fees removed and people have the ability to pay their taxes,โ Evans said. AdTo learn more about the organizationsโ investment, visit the Gilbert Family Foundationโs website here.
Local organizations to invest $500M into Detroit, eliminate homeowner property tax debt for thousands
Read full article: Local organizations to invest $500M into Detroit, eliminate homeowner property tax debt for thousandsOne major announcement: Part of the investment will eliminate property tax debt owed by tens of thousands of low-income Detroit homeowners. According to officials, an initial investment of $15 million from the Gilbert Family Foundation will be used to establish the Detroit Tax Relief Fund. Through the fund, an estimated 20,000 low-income homeowners in Detroit will have their property tax debt completely wiped away. The Rocket Community Fund operates under the company. โThis impactful announcement comes with a promise of a brighter future and a deepened commitment to Detroit.โAdTo learn more about the organizationsโ investment, visit the Gilbert Family Foundationโs website here.
Dan Gilbertโs Rocket shares rise 70% as newest Reddit target
Read full article: Dan Gilbertโs Rocket shares rise 70% as newest Reddit targetA Rocket Companies sign is displayed on the exterior of the New York Stock Exchange, Thursday, Aug. 6, 2020, in New York. Shares of Rocket Companies, parent of Quicken Loans, began trading Thursday during the Detroit company's IPO at the NYSE. Quicken is the largest retail mortgage originator in the U.S. (AP Photo/Mark Lennihan)DETROIT โ The stock price of Rocket Companies, parent company of Dan Gilbertโs Quicken Loans, shot up more than 70% over the last 24 hours after the company became the newest โmemeโ stock of Reddit. Rocket reported stronger-than-expected fourth-quarter earnings last Thursday, which impressed some Wall Street analysts. More: GameStopโs saga may be over; its effect on Wall Street isnโt
17 finalists compete for $1 million in Detroit Demo Day
Read full article: 17 finalists compete for $1 million in Detroit Demo DayDETROIT โ The fourth Rocket Mortgage Detroit Demo Day is doing something a little different this year to help small businesses thrive in the pandemic. The 17 finalists have been announced for Rocket Mortgage Detroit Demo Day. For the last 3 years, Rocket Mortgage Demo Day has awarded hundreds of thousands of dollars to local small businesses with big plans to expand and make a difference. โRocket Mortgage Detroit Demo Day is an annual event where we showcase Detroitโs best and brightest entrepreneurs and give them the chance to compete for a million dollars,โ said James Chapman. More information can be found on the official Rocket Mortgage Detroit Demo Day website here.
Quicken Loans IPO gets lukewarm reception
Read full article: Quicken Loans IPO gets lukewarm receptionDETROIT โ 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 Gilbertโs first national television appearance since his stroke. โWe think we are a tech company that happens to do loans. โWeโre up to 2,500 technologies to build what you experience.โRELATED: 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.
Quicken Loans IPO gets lukewarm reception
Read full article: Quicken Loans IPO gets lukewarm receptionQuicken Loans IPO gets lukewarm receptionPublished: August 6, 2020, 6:45 pmThe much talked about Rocket Mortgage initial public offering took flight Thursday and the launch was not as bright as initially intended.
Quicken Loans IPO debuts at $18 a share, below expectations
Read full article: Quicken Loans IPO debuts at $18 a share, below expectationsDETROIT โ Detroit-based Quicken Loans debuted their IPO on the New York Stock Exchange on Thursday with a lower-than-expected opening share price of $18. Rocket Cos., the parent company of Quicken Loans, will offer public shares for the first time this week, but it will be smaller than originally reported. Quicken Loans quickly grew from a start-up to one of Detroitโs largest employers. Gilbert is already worth roughly $7 billion, but his wealth could expand more with the move to make Quicken Loans public. Investment banker Sheldon Stone, of Amherst Partners, said a Quicken Loans initial public offering could mean a lot for the city of Detroit.
ClickOnDetroit NIGHTSIDE report -- Tuesday, July 7, 2020
Read full article: ClickOnDetroit NIGHTSIDE report -- Tuesday, July 7, 2020WATCH Local 4 News at 114 Fast FactsBe InformedWith positive coronavirus (COVID-19) cases ticking up, Michigan Gov. Mayor Mike Duggan unveiled a plan Tuesday to revitalized the long-abandoned row houses on Porter Street in Southwest Detroit. The row houses are just around the corner from Western International High School. Local 4s Dr. Frank McGeorge took a look at how the chart can be useful and what its limitations are. Cornelius Frederick died last month after being restrained at the Lakeside For Children facility in Kalamazoo.
Quicken Loans files paperwork for initial public offering under name โRocket Companiesโ
Read full article: Quicken Loans files paperwork for initial public offering under name โRocket CompaniesโQuicken Loans quickly grew from a start-up to one of Detroitโs largest employers. What does its plan to go public mean for the city of Detroit? It appears thatโs about to change because in an initial public offering, at some point people will be able to buy partial ownership -- shares of stock in Quicken Loans. Gilbert is already worth roughly $7 billion, but his wealth could expand more with the move to make Quicken Loans public. Investment banker Sheldon Stone, of Amherst Partners, said a Quicken Loans initial public offering could mean a lot for the city of Detroit.