DETROIT - Reuters reports that GM bondholders have presented the company with a plan to restructure its debt. And they say this is the best deal GM can hope for. Meanwhile, Steven Rattner, with the Presidential Task Force, is quoted by the Detroit Free Press as saying that bondholders are being "quite difficult" and that
FERNDALE - Automation Alley's quarterly technology magazine, X-OLOGY, named Joe Gough 2008 Best Start-up Entrepreneur for the development of a new greeting card/lottery game that promises to generate additional revenue for states that purchase it. Gough, a Detroit native and Wayne State University Hall of Fame running back, is now president of Brainstorm Creative Consulting
DETROIT - Women business professionals looking for financial survival skills geared specifically to their needs can attend the Women's Economic Survival NAWBO U Workshop, presented by NAWBO/EXCEL and National Association of Women Business Owners of Greater Detroit on April 2 at the Troy Community Center located. Detroiter Gail Perry-Mason, first vice president of investments for
ANN ARBOR �?? Join the New Enterprise Foundation on March 19 and get the inside details on when an angel invests in your business, what changes? What requirements will be placed on you, the entrepreneur, by your investors, and what steps should you take to address those expectations? Make sure you come with questions for
TROY - Walsh College is delivering on its promise to offer students practical experience as part of its curriculum. This semester, graduate business information technology students have been tackling projects that have practical applications - they meet a real need in their jobs. Projects include creating web sites, computer applications, research papers and more. Master
AUBURN HILLS - Plex Systems, Inc., providers of Plex Online ERP software for the manufacturing enterprise, announced an agenda for its upcoming annual user conference, PowerPlex 2009, that will give manufacturers the tools and information they need to drive efficiency, productivity and profitable growth. The event, which is themed Manufacturing a Profit, brings together leaders
ROCHESTER HILLS �?? While the long term future for solar energy is bright, short term the global economic meltdown has even caught up with Energy Conversion Devices, which said Monday it will lay off 70 people at its solar panel production plat at the older of its two Auburn Hills factories. Energy Conversion also said
ROCHESTER HILLS - Energy Conversion Devices' shares plummeted 23.2 percent in trading on Tuesday, after the solar-equipment maker warned investors that its third-quarter earnings would fall short of earlier projections amid a weakening economic environment. The company, which issued its warning after the markets closed on Monday, announced that it would cut 70 positions, issue
LANSING - Construction of high-speed Detroit-Lansing and Detroit-Ann Arbor rail lines, using hydrogen batteries in conjunction with a technology used on only a few rail systems around the world, will be studied by a bipartisan task force announced on Monday. The proposed $2.3 billion elevated rail line would not use government funding for its construction,
DETROIT - If you're a Wayne State University student and you have an idea for a new business you only have until close of business on March 18 to appy for the E2Challenge grant program that will pay the winning team up to $45,000 this summer to help fund salaries and patent application costs. To