DETROIT - An investment firm is interested in buying Saturn, the Detroit News reports. Telesto Ventures says it wants Saturn, and would have GM continue building the current models through 2011. Then it would get other automakers, (Chinese perhaps?), to build cars to sell under the Saturn brand through its 439 dealers in North America.
LANSING - The Public Service Commission is offering $4 million in grants for battery systems that could connect to the state's electric grid. "This grant will go a long way toward making Michigan the advanced battery capital of the world," said PSC Chair Orjiakor Isiogu. "Monies from the Smart Grid Energy Storage grant will benefit
LANSING - Unemployed persons in Michigan will qualify for jobless benefits for as long as 79 weeks under three bills signed Monday by Gov. Jennifer Granholm, who also called on the Legislature to pass two other bills to give benefits to people who do not qualify under current law, a move that would bring another
LANSING - A battle looms over how much of the federal stimulus funds to use to plug holes in the budget, but even if all of it were to be tapped. Gov, Jennifer Granholm said Monday deep spending cuts would still be needed to bring the budget into balance. The governor did not say she
LANSING - Millions of low-skills jobs have been eliminated in the national recession but there has been growth in the number of jobs that require advanced education, a report issued Tuesday by Michigan Future Incorporated found. While the number of jobs created is less than a tenth of those lost, 162,000 compared to 3.75 million
LANSING - The driving factors in attracting workers in the "new economy" are different between metropolitan communities and rural areas, according to a final report out of the Land Policy Institute at Michigan State University. As Michigan looks to recover from the loss of more than 400,000 manufacturing jobs over the past eight years, falling
LANSING - Development of advanced batteries and the vehicles that will use them is an important sign of the future viability of the U.S. automotive industry, Gov. Jennifer Granholm said Tuesday. Speaking to reporters shortly after the Michigan Economic Growth Authority approved tax breaks for four advanced battery manufacturing centers in the state, Granholm said
MOUNTAIN VIEW, Ca. - EBay Inc. said it would spin off its Internet-calling business Skype through an initial public offering in the first half of next year, after the online auctioneer faced calls for months to unload the company, which has fallen short of expectations. "Skype is a great stand-alone business with strong fundamentals and
LANSING - Members of the Mid-Michigan Creative Alliance announced plans to open their doors to area businesspeople interested in learning more about the very active and well-respected marketing and advertising community in Lansing. It's all part of the second annual Studio Crawl, which will take place April 23 from 3 p.m. to 6 p.m. Each
DETROIT - A Wayne State University researcher received $127,874 from the National Science Foundation to develop the framework for a network that connects pervasive, embedded sensors that are highly diverse in function, with the ultimate goal of communicating information directly to the Internet. The network sensors, which can be placed virtually anywhere, can detect light