LANSING - Another $194 million would be spent in federal stimulus dollars to Michigan under a supplemental appropriation passed out of the House Thursday. But some Republicans argued there isn't enough spending oversight included in the measure. HB 4308 , which passed on an 81-27 vote, is on the Senate Appropriations Committee schedule for next
ANN ARBOR - At its annual meeting Thursday, Ann Arbor SPARK, the Washtenaw County economic development group elected Stephen Forrest, vice president for research at University of Michigan, as the new board chair, succeeding Rick Snyder who served as chairman since SPARK's formation. Jonathan S. Newpol, executive vice president, Thomson Reuters was elected to the
SOUTHFIELD - Funeral services are pending in Virginia for Lawrence Tech President Emeritus Charles M. Chambers, who died May 20 near his home in Alexandria, Virginia, where he had been battling a brain tumor the past several months. He was 67. Chamber, a founding director of Automation Alley, was a widely accomplished American educator and
DETROIT - General Motors Corp. and the United Auto Workers reached an accord to reduce retiree health-care obligations and labor costs, clearing a major hurdle in the car maker's expected plan to rush through bankruptcy court in as little as 30 days. GM sought a UAW deal to cut by at least half the $20
KALAMAZOO - Building a scale-model wind turbine will be the capstone project at two summer camps for youths ranging in age from 12 to 16 at Kalamazoo Valley Community College's Texas Township Campus. The first session will run from July 13-16 and the second is Aug. 3-6. The fee is $235. Guiding both camps, which
GRAND RAPIDS - The West Michigan Science & Technology Initiative has been selected to review and approve applications from life science companies for micro-loans through the Michigan Pre-Seed Capital Fund. The Michigan Pre-Seed Capital Fund Micro Loan program was developed to support high-tech, high-growth start-up companies in four technology sectors (advanced automotive, manufacturing and materials;
NOVI - ITC Holdings Corp. announced that its Board of Directors has declared a quarterly cash dividend on ITC common stock of $0.305 per share payable on June 15, 2009, to shareholders of record on June 1, 2009. ITC invests in the electricity transmission grid to improve electric reliability, improve access to markets, and lower
AUBURN HILLS - Chrysler LLC selected C. Robert Kidder, former chairman of Borden Chemical and Duracell Chairman, to become chairman of a reorganized Chrysler. Kidder, currently the lead director of Morgan Stanley, will succeed Robert Nardelli, who will step down as chairman and chief executive when the auto maker emerges from Chapter 11 bankruptcy protection,
WASHINGTON - The Treasury Department is ready to inject more than $7 billion into GMAC to allow it to grants loans for car purchases at General Motors and Chrysler, The Wall Street Journal reported. The money would be the first installment of a new government aid package that could reach $14 billion in GMAC, which
DETROIT - The Midwest Technology Leaders 2009 Symposium on June 3rd at the MGM Grand brings national and local speakers together with regional CIOs to share stories of their best practices and lessons learned. The event is capped off with an awards cocktail reception that is one of the best networking events of the year.