LANSING - A proposal to raise $1.2 billion in revenue for roads whose key pieces are raising the gasoline tax, ending the sales tax on fuel and increasing the sales tax from 6 to 7 percent has the momentum, for now, in the Legislature. Those involved in the discussions said no deal has been struck.
SAN FRANCISCO ? A new study says that state-sponsored overseas hackers are stealing as much as one terabyte of data per day from governments, businesses, militaries, and academic facilities, using a network of 500 computer servers. According to a lengthy article by The Verge, Team Cymru concludes that the hackers are so sophisticated and are
SAN FRANCISCO - A new attack is targeting European governments through flaws exploited in Adobe's Reader software, according to security researchers. Kaspersky Lab and CrySys Lab today detailed a new malicious program in the wild, called "MiniDuke," that has been attacking government entities and institutions across Europe. Government entities in the Ukraine, Portugal, Romania, and
NOVI - ITC Holdings Corp. reported 2012 net income of $187.9 million, or $3.60 a share, up from $171.7 million, or $3.31 per diluted common share for the same period last year. For the fourth quarter ended Dec. 31, net income reported was $48.3 million, or $0.92 per diluted common share, compared to $42.7 million
GRAND RAPIDS - US Signal has enhanced its infrastructure as a service offering by adding another cloud ready data center located within its Midwest fiber footprint to let customers custom craft a secure and cost-effective backup and recovery solution. Customer data traditionally utilizes a leased private network or the public Internet when accessing cloud services.
BEIJING, China - China's Ministry of National Defense said that cyberattacks against its military sites have increased over the past few years. Based on checks of IP addresses, the Defense Ministry claimed an average of 144,000 cyberattacks per month last year, and it fingered the U.S. for almost 63 percent of them. The allegations from
LANSING - After a positive January, 80 percent of Michigan retailers expect to increase sales this year, the most by mid-single digits, the Michigan Retail Index said on Wednesday. Thirty-eight percent of those polled said they expect to increase sales by more than 5 percent this year, 45 percent put sales growth at 5 percent
LANSING - The Michigan Strategic Fund on Wednesday approved $6 million for the Michigan Translational Research and Commercialization Program, as well as Michigan Business Development and Community Revitalization program incentives to eight companies expanding in the state. The expansions, funded by the 21st Century Jobs Fund to create high-tech jobs through commercialization of university research
LANSING- Governor Rick Snyder said if employers and workers are agreeing to contract extensions prior to the right-to-work law taking effect March 28 without "significant economic benefit," it would concern him. Speaking with reporters after an event Wednesday, Snyder was asked about Republican legislators threatening to punish school districts and public universities in the appropriations
LANSING - The Michigan House Appropriations Committee took the first step in setting up a federally mandated health insurance exchange under the Affordable Care Act on Wednesday when it approved appropriating federal funds for a federal-state partnership. The committee voted 24-3 to report HB 4111 , which would accept $30.67 million in federal grant money