DETROIT - General Motors Corp. is preparing a tougher debt-for-equity exchange offer for its unsecured bondholders that could be presented as early as next week, according to people familiar with the matter. The company is considering offering only equity, but no cash or new debt in GM, representing a significant reduction compared to an offer
WASHINGTON - Top entrepreneurs from each state, including Michigan, will soon head to the nation's capital to compete for the honor of National Small Business Person of the Year during the U.S. Small Business Administration's National Small Business Week celebration, May 17-23. The National Small Business Person of the Year and runners-up will be selected
TROY - CFOs and financial executives will have an opportunity to explore issues affecting the financial and economic world today while networking with local and national CFOs and financial executives at the first CFO Executive Summit held at the Ford Event and Conference Center in Dearborn on June 11. This summit features influential local and
NEW YORK - Economists in the latest Wall Street Journal forecasting survey expect the recession to end in September, though most say it won't be until the second half of 2010 that the economy recovers enough to bring down unemployment. Gross domestic product was predicted to contract in the first and second quarters of this
ANN ARBOR - New Enterprise Forum's April 16 meeting, How to Kill a Deal? Let Us Count the Ways, is a look at what factors, beyond the investor pitch, can be issues for entrepreneurs seeking funding. The event takes place at 5 p.m. April 16 at the Holiday Inn North Campus, 3600 Plymouth Road in
LANSING - The Michigan Administrative Board has approved the first infrastructure project to use federal stimulus funds, but in doing so is now giving the Department of Transportation more leeway to approve competitively bid highway contracts in an effort to get as much of the state's share of those dollars through the pipeline as possible
SOUTHFIELD - To have a successful information security program, you must first visualize the successful program. The first person you must sell, before your boss, is yourself. The April 16 meeting of the Motor City Chapter of ISSA look at ways to sell that message. The session also will discuss establishing a short-term goal, achieving
BASKING RIDGE, N.J. - Verizon Business customers now have an enhanced, industry-leading tool to help them track their security activities against relevant standards and regulations. The tool, an enhanced online dashboard that is known as the Compliance ScoreCard and is part of the Verizon Security Management Program, also enables businesses to compare their security activities
LANSING - Rep. Paul Opsommer (R-DeWitt) said Monday the governor's newly created Information Privacy Protection Council and the chief privacy officer should review the state's memorandum of agreement with the federal government regarding enhanced driver's licenses, arguing the use of radio frequency identification chips poses a privacy risk. The Legislature approved the enhanced driver's license
LANSING - Gov. Jennifer Granholm signed two bills on Monday that she said would help keep Michigan at the forefront of automotive development by helping ensure that the advanced battery development and manufacturing takes place in the state. With the enactment of HB 4515 (PA 5, Immediate Effect) and SB 319 (PA 6, Immediate Effect),