ADRIAN - GreenShift Corporation on Wednesday announced that it has executed agreements to receive a $38 million investment to produce 20 million gallons per year of biodiesel from corn oil extracted from ethanol plants. Under the terms of the agreements, GreenShift will receive an investment of $38 million in a new GreenShift joint venture subsidiary
WASHINGTON - The Bush administration is seriously considering orderly bankruptcy as a way of dealing with the desperately ailing U.S. auto industry. The Associated Press reported White House press secretary Dana Perino said Thursday, "There's an orderly way to do bankruptcies that provides for more of a soft landing. I think that's what we would
ANN ARBOR - The University of Michigan announced plans Thursday to purchase the former Pfizer R&D facilities for $108 million. U-M officials said the move will directly create at least 2,000 jobs during the next decade and accelerate expansion of the nation's second ranked research university's activities, so critical to the state's economic development. "This
DETROIT - The Renaissance Venture Capital Fund, the new venture capital fund-of-funds formed this month and supported by some of Michigan's largest organizations, announced Thursday that it will make its first commitment, a $5 million investment in the Ann Arbor-based venture capital fund Arboretum Ventures II. The formation and funding of the RVCF is the
LANSING - Hemlock Semiconductor with a $1 billion expansion near Saginaw heads a list of 20 companies, aided by state incentives, which are investing $2.3 billion in projects around the state. The much-anticipated Hemlock facility, producing innovative solar energy panels, is part of an expansion that the company split between Michigan and Tennessee, where a
DETROIT - Inforum, BASF and Automation Alley will present the annual Inforum North American International Auto Show Breakfast on January 14 during the press preview days, when thousands of international journalists are in town. The breakfast is scheduled for 7:00 a.m. at the Detroit Marriott - Renaissance Center. The topic is "Recession Defense: Making Smart
PONTIAC - Join Automation Alley for the 2009 State of the Alley annual meeting January 27 at the Centerpoint Marriott to vote on the 2009 Board of Directors and learn what's ahead for Automation Alley. There is no cost to attend. This is a member only event. Date: Tuesday, January 27, 2009 Time: 7:30 -
MOUNTAIN VIEW, Ca. - McAfee is warning consumers about Bad Santas who are gearing up to rip off people who shop online during the holidays. Here are the first six of the 12 Scams, identified by McAfee's researchers. 1. Charity Phishing Scams. Many popular charitable organizations encourage consumers to think of others during the holiday
LANSING - The Michigan Petroleum Association/Michigan Association of Convenience Stores is calling on the Legislature not to pass a series of bills backed by road building and various business groups that they say would mean Michigan drivers would pay the highest fuel taxes in the country. Should HB 4575 , HB 4577 , HB 6749
BOSTON - The downturn in the U.S. economy is having a significant impact on small and medium business priorities and plans for technology acquisition, according to research firm IDC Corp. The concern is real, and impact potentially profound, with variations by company size, industry, and attitude segment, according to a recent IDC survey. As a