SOUTHFIELD - In yet another indicator that the automotive business is peaking, Harbour Results just published a report that said the automotive vendor tooling industry will spend $8 billion in 2019, down from an estimated $9.2 billion in 2018, and $10.3 billion in 2017. The key factor driving decreased tooling spend is the decreased number
DETROIT - Students from Cadillac High School on Oct. 29 were crowned champion of Gov. Rick Snyder’s High School Cyber Challenge after defeating 201 other teams that competed in the third year of the competition. The finals were held during the seventh North American International Cyber Summit that brought together more than 850 participants to
EAST LANSING - If passed on November 6, Proposal 18-1 that would legalize the recreational use of marijuana would generate between $81 million and $175 million in additional sales and excise tax revenues in 2023, which is when the market would likely reach maturity. While tax collections on recreational marijuana would increase by at least
MOUNTAIN VIEW, Ca. - Uber may be delivering burgers by drones as soon as 2021. According to a job listing spotted by The Wall Street Journal, Uber is looking to hire an operations executive to make drone delivery functional by next year and available for commercial use by 2021. The job post referenced UberExpress — which
NEW YORK – The much-hyped Bakkt, the brainchild of the parent company of the New York Stock Exchange, called the Intercontinental Exchange (ICE), will launch its Bitcoin futures platform in December, according to a document released this week. Bakkt is a new cryptocurrency platform proposed by Jeff Sprecher, the founder, chairman, and CEO of ICE.
DETROIT — Business Leaders for Michigan has set its 2018 Michigan CEO Summit for Thursday, Nov. 1 from 8 a.m. to 2 p.m. at Cobo Center in Detroit. The event features an opening keynote from Patti Poppe, president and CEO of Jackson-based utility CMS Energy, and panel discussions on healthcare, user experience and family business.
LANSING — Black Pine Engineering, a manufacturer of advanced compressor engines, has been accepted into the Proto Accelerator phyiscal product program run by the capital region’s economic development agency, the Lansing Economic Area Partnership. Black Pine will receive investment and comprehensive business guidance through the Proto program. Zack Hoyle, CEO of Black Pine, says Proto’s
ANN ARBOR - A California semiconductor and nonoelectronics company, KLA-Tencor Corp., plans to build a research-and-development center in Ann Arbor that could generate more than $70 million in capital investment and some 500 high-tech jobs over the next five years. That project, along with a $3.6 million expansion by Coyote Logistics that will create 300
WARREN - Student Mentoring and Leadership skills development nonprofit, Winning Futures, is now accepting applications for its 2019 Scholarships granted to alumni that demonstrate an exceptional commitment to their education and career goals. Applicants must be graduates from the Winning Futures mentoring program or Keys to College program and currently enrolled in a continuing education
EAST LANSING - Michigan State University signed a dual PhD agreement with the National Technical University of Athens for the preparation and training of engineers at both academic institutions. All eight of MSU’s engineering and computer science departments are included in the agreement. NTUA is an internationally recognized public university with an emphasis on advanced
