LANSING - The Wind Energy Resource Board has named four regions, all in the Lower Peninsula, which will be most likely to provide both the wind and the land for utility-scale wind farms. The board is now seeking comment from those communities on both its findings and on the potential effect of new transmission capacity
LANSING - While the proposal to increase the state's fuel taxes and registration fees would raise a substantial amount of money, the hit to individual motorists' pocketbooks would be small, Transportation Director Kirk Steudle told a joint meeting of the House and Senate Transportation committees. Given the current range of vehicle mileage and commuting distances,
DETROIT - General Motors Corp. filed for Chapter 11 bankruptcy early Monday, marking the humbling of an American icon that once dominated the global car industry and setting up a high-stakes gamble for U.S. taxpayers. President Obama is expected to defend General Motors' bankruptcy plan and the massive bailout, The Wall Street Journal reported.The reorganization
NEW YORK - General Motors Corp. and Citigroup Inc. will be replaced in the Dow Jones Industrial Average by Cisco Systems Inc. and Travelers Co., respectively. GM filed for bankruptcy Monday as part of a government-aided restructuring effort. Bankruptcy is an automatic disqualifier for membership in the benchmark stock index. Cisco Systems will replace GM
DETROIT - A very historic day in the auto industry as General Motors files for bankruptcy. Indeed, it is the president of the United States, Barack Obama, who is publicly making the announcement. Even though GM has been making serious cuts in employment and manufacturing facilities, it is now expected to still get rid of
DETROIT - Detroit business owners looking to explore new markets in a stagnant economy should come to the Indian Business Forum on June 9 at TechTown to learn how to overcome cultural differences that inhibit business interactions. The Indian Business Forum is a free quarterly program designed by TechTown to facilitate the exchange of information
TROY - Walsh College and Ford Motor Company Fund and Community Services have teamed up on June 8 to offer a new series of Walsh College's Take Charge workshops for the unemployed. The new round of workshops features more days, more topics and expanded career content. All are provided at no cost to participants. Walsh
DETROIT - If you are looking to get involved in entrepreneurship opportunities in the clean tech, medical technology and logistics industries, come to TechTown's First Friday on June 5 and hear a panel discussion giving a preview of FastTrac to a New Detroit. The New Economy Initiative recently partnered with the Ewing Marion Kauffman Foundation
MACKINAC ISLAND - Voters could be asked in a November statewide election to approve parts of a wholesale tax-restructuring plan that would include doing away with the Michigan Business Tax surcharge, House Speaker Andy Dillon (D-Redford Township) said Friday. The issue arose at a session with legislative leaders who pledged to resolve transportation funding issues
DETROIT - A settlement between the state of Michigan and New Chrysler to protect benefits paid to the company's injured workers was announced on Friday. The state had challenged the bankruptcy and sale of Chrysler to Fiat Sp.A. (which remains pending in federal bankruptcy court in New York City) because of the potential effect it