NEW YORK ? On the first day of its Initial Public Offering, shares of Twitter soared to close almost 73 percent above its offering price generating a market cap of about $25 billion ? for a company not yet profitable. Twitter priced its initial public offering Wednesday night at $26 a share. The stock debuted
DETROIT ? Cyber Security was the hot topic discussed Saturday on the Internet Advisor as heard on WJR 760 AM Radio. Birmingham cyber security expert Richard Stiennon discuss threats to SCADA control systems as well as the proliferation of ransomware on the Net. The podcast of that show is now available. Also on the show
TENAFLY, N.J. - Cloud security provider HyTrust Inc. said on Thursday it had acquired HighCloud Security for an undisclosed sum, striking a deal it said would round out its security offering. The move follows HyTrust?s $18.5M Series C financing round in August and comes as enterprises increasingly deploy private cloud services. HyTrust said that it
LIVONIA ? Selling Risk Management Internally and gaining support For your program are the topics on Nov. 21 at the ISSA Motorcity Chapter meeting at Schoolcraft College. Stephen Marchewitz, President of SecureState, will talk about the Risk Based Approach to Security Management. To pull it off, you need support from senior management to make the
LANSING - The Michigan House came together on Thursday to approve unanimously a package of legislation barring the use of so-called skimming devices that obtain a person's credit card information when they think they are using an ATM or other credit card reader. The bills (HB 5050 , HB 5051 , HB 5052 , HB
LANSING - Voters could, at an upcoming election, see a constitutional amendment aimed at giving more flexibility to the Natural Resources Trust Fund and ensuring that mineral royalties continue to go to parks and recreation activities. The State Parks Advisory Committee is expected at its December meeting to adopt a resolution that would support a
LANSING - Michigan Senate Republicans established a new Compliance and Accountability Committee on Thursday that will focus on complaints from teachers about alleged difficulties and intimidation they have encountered in trying to resign their Michigan Education Association union membership. Senate Majority Floor Leader Arlan Meekhof (R-West Olive), the committee chair, said the goal of the
LANSING - The Michigan Workforce Development Agency, courtesy the Michigan Strategic Fund, has $1,857,982 for the Skilled Trades Training Fund program that will go to 16 Michigan Works! agencies around the state. ?Michigan?s economic vitality and opportunities for business and job growth depend on a workforce with the necessary talents and training for the jobs
DETROIT ? Aereo, an over-the-air provider of TV channels through the Internet's cloud, hosted its launch party Monday at Great Lakes Coffee's midtown location where 200 potential customers stopped by for the demo day. On Oct. 28, Aereo?s 21st century antenna product became available for consumers in Lapeer, Livingston, Macomb, Monroe, Oakland, Sanilac, Saint Clair,
DETROIT? The Southeast Michigan Purchasing Managers Index (PMI) for Oct. is 63.1, up from 59.9 in Sept., raising the three-month average for the economy to a robust 61.1. A PMI value above 50 generally suggests economic growth. ?Over the last fourteen months, the PMI has come in at 50 or above 13 times,? said Timothy