DETROIT - Sounds like a disaster at Chrysler. In a stunning development, Peter Fong, who had just been named as CEO of the Chrysler brand, and Mike Acavitti, who had just been named as CEO of the Dodge brand have both abruptly resigned from the company. Now Fred Diaz will become CEO of the Dodge
LANSING - If the state ends up adopting a 2009-10 budget on the lines of that adopted last week by the Legislature, it would go into the 2010-11 budget with a potential general fund deficit of $782.9 million, a memo from the Senate Fiscal Agency said. And to keep the state at that general fund
LANSING - Michigan House Speaker Andy Dillon informed Senate Majority Leader Mike Bishop on Monday of the revenue proposals he plans to pursue, a Bishop spokesperson said. Bishop's spokesperson, Matt Marsden, said Bishop (R-Rochester) did not share with him the contents of the proposals. Abby Rubley, spokesperson for Dillon (D-Redford Twp.), declined to comment. Dillon
ANN ARBOR - uRefer, a referral marketing Software-as-a-Service platform, has signed a hosting agreement with Online Tech, which maintains SAS-70 certified data centers. Since the uRefer service went live in late 2007, the company has signed dozens of brand name customers, including Fifth Third Bank, Sierra Club, DirectBuy, and Scotts Lawn Service. Underlying uRefer is
ANN ARBOR - University of Michigan researchers disclosed a record 350 new inventions in fiscal year 2009, pumping up royalties for university-developed technologies by 20 percent, the U-M President said Monday in her State of the University address. Despite the state's economic woes, the university licensed eight new startups in the fiscal year that ended
GRAND RAPIDS - Autostrata.com on Monday announced that GuidePoint Systems has selected it as online distribution partner for Guidepoint Connect, the industry?s first integration of Bluetooth and GPS Technologies with emergency dispatch and location-based driver convenience services. Autostrata.com, an online portal providing car owners with aftermarket telematics applications, enables in-vehicle connectivity for people with a
SAN FRANCISCO - A new type of banking Trojan horse actually steals money from your account while you are logged in and displays a fake balance. The bank Trojan, dubbed URLZone, has features designed to thwart fraud detection systems that are triggered by unusual transactions, CNET News.Com reported. For instance, the software is programmed to
LANSING - Do you know what biodegradable plastics, clothing, bedding, and packing material all have in common? They can all be made from corn and were started as research projects funded through Michigan's corn check-off, the Corn Marketing Program of Michigan. Research is an integral part of the CMPM. State farmer dollars invested in corn
WASHINGTON DC - The Obama administration is pushing for a "comprehensive" energy and climate bill because it will provide the economic foundation to spur investment in clean-energy technologies, said Carol Browner, the president's assistant on energy and climate. Browner, the former administrator of the Environmental Protection Agency, was interviewed on Friday along with other business
LANSING - Saying she will use her veto power to "shape this budget to protect the priorities of Michigan families," Gov. Jennifer Granholm said Thursday that a 2009-10 budget may have been completed, but it is still not done. "I will continue to fight for the right budget" for the state, Granholm said. The budget