DETROIT - State and federal officials Monday announced a $2.1 million federal grant for a collaborative effort to create new jobs and technologies related to the rapidly emerging advanced energy storage system in Southeast Michigan. The Michigan Economic Development Corporation will award up to $500,000 in Jobs and Innovation Accelerator Challenge funds in support of
STAMFORD, Conn - Worldwide server shipments in the third quarter of 2011 grew 7.2 percent year-on-year, while revenue increased 5.2 percent year-on-year, according to Gartner Inc. All of the top five global vendors had revenue increases for the third quarter of 2011 except HP and Oracle. HP declined 3.6 percent year-on-year and Oracle achieved flat
WASHINGTON DC - The National Highway Traffic Safety Administration on Friday opened a formal investigation into the safety of the battery packs in the Chevy Volt following a series of collision tests. In three tests since May, the NHTSA has found that damage to the Volt's battery resulted in a fire after a side collision
CHICAGO - U.S. Consumers spent $816 million online on Black Friday, a 26 percent increase over 2010's Black Friday, according to ComScore data released today. The results buttress numbers released Saturday by IBM Coremetrics that showed online sales on Black Friday grew by 24.3 percent compared with the same period last year. Some 50 million
WASHINGTON DC - The Department of Homeland Security and FBI dismissed the conclusions of a report that a cyber intrusion caused a pump at an Illinois water utility to burn out. But the statement doesn't explain why an Illinois state terrorism intelligence center would say it was a hacker when it wasn't. In the meantime,
SAN FRANCISCO - Google is strengthening the encryption on Gmail and other services so that messages stored today can't easily be decrypted later by faster computers using brute force methods. The company is enabling what is called "forward secrecy" by default, Adam Langley from Google's security team, wrote in a blog post reported by CNET
SAN FRANCISCO - In addition to the usual online scams designed to defraud shoppers during the holiday season, several malls will be tracking people via their cell phones. Beginning on Black Friday, Promenade Temecula, south of Los Angeles, and Short Pump Town Center in Richmond, Va., will be monitoring signals from shoppers' cell phones, CNN
SAN FRANCISCO - Facebook Inc. is targeting dates between April 2012 and June 2012 for an initial public offering of its stock, said people familiar with the matter told the Wall Street Journal. Facebook is in internal discussions over the timing of its filing with the Securities and Exchange Commission for the IPO, and is
WASHINGTON DC - The FBI and Philippine law enforcement officials arrested four people in the Philippines this week who were allegedly paid by terrorists to hack into AT&T's system, but the company said its system was not breached. The four, who were arrested Wednesday in Manila, were paid by the same Saudi Arabian-based terrorist group
LANSING - As retailers entered holiday shopping mode in October more than half expected higher sales than the year prior - 45 percent of them got their wish, according to the Michigan Retail Index. The index, a joint survey from the Federal Reserve Bank of Chicago and Michigan Retailers Association, found along with the 45