ROCHESTER ? Factoring company Hennessey Capital LLC said Monday that its assets have been purchased by Hitachi Capital America Corp., which provides financing to its portfolio companies as well as the U.S. commercial business sector. Terms were not announced. Hennessey spokeswoman Katie Mullin said the company?s headquarters in Rochester will remain open, and its 12
DETROIT - The Southeast Michigan Purchasing Managers Index is showing improvement for the second consecutive month, further indication of a strengthening Michigan economy. The index value of 58.9 in October is a considerable improvement over the September PMI of 50.6. An index value greater than 50 generally indicates an expanding economy. The Southeast Michigan PMI
ANN ARBOR - Merit Network announced Friday the release of a Request for Proposals for a Wireless Local Area Network solution vendor. The RFP seeks to identify the most appropriate WLAN vendor for a Wireless as a Service solution that Merit will offer its membership. The selected vendor will work with Merit to offer a
DETROIT - An internal ePrize company that developed a gamification application for use with Salesforce.Com received a $1 million investment from Detroit Venture Partners and will be nurtured at the downtown Detroit incubator. LevelEleven?s flagship product is the sales gamification app, Contest Builder. First used at ePrize to motivate its own sales team, Contest Builder
LANSING - Former President Bill Clinton on Monday said the proposal for a constitutional amendment to increase the state's renewable energy standard to 25 percent by 2025 would be the state's best opportunity to jumpstart its economy, according to a statement by proponents. "Proposal 3 invests in Michigan's future so that it won't get left
LANSING - At first glance, the race for Michigan's Supreme Court seems to be the bargain basement of the luxurious spending on campaigns in the state this year, but the Michigan Campaign Finance Network said Monday the campaign may be one of the most expensive and secret in the nation. While the six major candidates
LANSING - Everyone knew this year's array of big-ticket ballot proposals would mean a record amount of spending on ballot questions, but the reports filed Friday showing at least $134 million in funds raised by the major committees supporting and opposing the six proposals was still a jaw-dropping figure. That figure, compiled by Gongwer News
TROY ? Cloud ERP provider Plex Systems has been on a tremendous growth curve for the past few years outgrowing its two buildings in Auburn Hills. On Oct. 24, Plex dedicated its new corporate headquarters in Troy, where execs occupy the 14th floor of 900 Tower Drive. On hand were hundreds of customers, dignataries and
LANSNG ? The Department of Technology, Management and Budget's search for the state of Michigan Christmas tree has ended with the selection of a 75-foot Consolor Fir from Jackson ? the largest tree in the history of state Christmas trees in Michigan. The tree will be harvested at no cost to the owners on November
WASHINGTON D.C. - U.S. economy remains on a treadmill in the third quarter, rising 2 percent from the 1.3 percent in the second quarter. Inventories did decline, which means businesses are selling and have less goods sitting unsold in warehouses. Friday?s third quarter data still has to be revised, but has beat market estimates. At