DETROIT- The Southeast Michigan Purchasing Managers Index remained stable in December, dipping only one-tenth of a point to 51.8 from 51.9 in November. PMI index values above 50 generally suggest an expanding economy. ?The Southeast Michigan PMI has maintained a value over 50 for 33 of the past 34 months, indicating a steady strengthening of
LANSING - Food and animal safety products developer Neogen Corp. announced Thursday that it has acquired the assets of Scidera Genomics, LLC, an animal genomics business based in Davis, California. The company, formerly operated as MetaMorphix, Inc., or MMI Genomics, was a pioneer in the development of cattle, poultry, swine, and canine genetic testing. Scidera?s
PLYMOUTH - Tim Mayleben, the CFO of the original drug developer Esperion, has rejoined Esperion Therapeutics as president and CEO. Mayleben was a partner in Esperion when it was purchased in February 2004 by Pfizer for $1.3 billion. Roger Newton, who is the founder of Esperion, bought the company back from Pfizer several years ago.
GRAND RAPIDS ? Grand Rapids area native Nick Sarnicola, who has built a fortune through his direct sales weight loss company ViSalus, has pledged $1 million to his Sarnicola Foundation to support other young entrepreneurs. Sarnicola, 33, grew up in a blue collar family in Wyoming, a Grand Rapids suburb, and was exposed to entrepreneurship
DETROIT - Title Source Inc., a national title and closing services agency that relocated its headquarters to Detroit from Troy last summer, announced plans Thursday to hire 375 employees for its Detroit office by March. Last year, the company moved 1,100 employees to the First National Building, as part of an overall plan to have
RESTON, Va. - Samsung is the top handset manufacturer overall with 26.9 percent of the U.S. mobile market share, while Google Android continued to lead among smartphone platforms, accounting for 53.7 percent of smartphone subscribers. Apple was second with 35 percent. The survey was done by comScore during the three-month period ending November 2012. Samsung
ANN ARBOR - Merit Network announced Thursday that the National Telecommunications and Information Administration has issued the REACH-3MC Round I project a no cost-extension. The announcement comes following Merit's December 31, 2012, completed milestones report, which stated that 98 percent of all strand, conduit and cable had been deployed on the 1,017-mile fiber-optic construction project.
WASHINGTON D.C. - Google competitors unhappy with the way their search results are displayed on Google search pages will be able to opt out under an agreement announced today by the Federal Trade Commission. That was perhaps the most significant plank of a multipart agreement announced by the FTC after a lengthy investigation into Google's
SAN FRANCISCO - The hacking group issues a statement boasting of its cyberattacks against the U.S., Syrian, and Israeli governments in 2012, while warning people to continue to expect this type of activity. The hacking collective Anonymous has clarified that it has no plans to fade away in the New Year. It issued a statement
REDMOND, Wa. - Microsoft issued a fix this week for a zero-day vulnerability on Tuesday in older versions of Internet Explorer that could allow attackers to gain control of Windows-based computers to host malicious Web sites. The company confirmed Saturday that it was investigating a remote code execution vulnerability in IE 6, IE 7, and