DETROIT - Cash-starved General Motors has put plans on hold for a new factory to build the Chevy Volt hybrid engine in Flint. The move is part of GM's efforts to reduce expenses as it appeals to the White House for federal aid of at least $8 billion to stay in business for the next
CHICAGO - President-elect Barack Obama's economic team is crafting a stimulus package to send to Congress worth between $675 billion and $775 billion over two years, according to officials familiar with the package - a final price tag to be even larger. The transition team has conveyed the figures to Capitol Hill, where the package
ANN ARBOR - TechStreet, which was sold to Thomas Reuters a few years ago, has received the 2008 Information Services Standard of Excellence WebAward from the Web Marketing Association for excellence in web site development. The WebAward names the best Web sites in 96 industries while setting the standard of excellence for all website development.
ANN ARBOR - If you're an entrepreneur in the Great Lakes region, you need to come to the Annual Collaboration for Entrepreneurship. At ACE to join an exciting, forward-thinking community of innovators, entrepreneurs, and business leaders - people like you who have the vision and drive to build new ventures for a new future. Network.
FERNDALE - The Social Connection, a metro-Detroit-based lifestyle and event company, has launched a one-stop website for all-things New Year's Eve 2009. NYEDetroit.Com features all of Detroit�??s major parties is designed to meet the needs of party-seekers of all types �?? from hipsters, club-hoppers, hole-in-the-wall bar seekers and those looking for a more sophisticated and
DETROIT - SenSound, a Wayne State University spin off, has won $100,000 in a National Science Foundation Phase I Small Business Innovation Research grant to develop an innovative technology for conducting diagnosis and prognosis of vibro-acoustic characteristics of complex machines. "The proposed new technology will enable users to get a clear and better understanding of
MIDLAND - The MidMichigan Innovation Center is accepting applications for exhibitors, innovators & entrepreneurs to join MidMichigan Innovators: Heading to the Big Leagues. The event is scheduled for February 4th. But the deadline for exhibitor applications is January 16, 2009. The event is presented by MMIC and the Dow Chemical Company and will be held
ADRIAN - GreenShift Corporation on Wednesday announced that it has executed agreements to receive a $38 million investment to produce 20 million gallons per year of biodiesel from corn oil extracted from ethanol plants. Under the terms of the agreements, GreenShift will receive an investment of $38 million in a new GreenShift joint venture subsidiary
WASHINGTON - The Bush administration is seriously considering orderly bankruptcy as a way of dealing with the desperately ailing U.S. auto industry. The Associated Press reported White House press secretary Dana Perino said Thursday, "There's an orderly way to do bankruptcies that provides for more of a soft landing. I think that's what we would
ANN ARBOR - The University of Michigan announced plans Thursday to purchase the former Pfizer R&D facilities for $108 million. U-M officials said the move will directly create at least 2,000 jobs during the next decade and accelerate expansion of the nation's second ranked research university's activities, so critical to the state's economic development. "This