ANN ARBOR - Gas mileage of new vehicles sold in the U.S. slipped last month, driven in part by the dramatic drop in fuel prices, reports the University of Michigan Transportation Research Institute. Average fuel economy (window-sticker values) of cars, light trucks, vans and SUVs purchased in December was 25.1 mpg, down from 25.3 mpg
LIVONIA - Michigan born entrepreneur and The Grommet CEO Jules Pieri will draw on her years of experience reshaping how customer products get discovered, shared and bought in her keynote address to ACE ?15, the 15th Annual Collaboration for Entrepreneurship event to be held January 29 at Burton Manor in Livonia. Pieri?s extensive resume includes
DETROIT- Reflecting a sustained economic upswing, the Southeast Michigan Purchasing Managers Index surpassed November?s PMI of 56.8 to record a strong year-end finish of 64.2 for December. A PMI value above 50 generally suggests economic growth. ?Contributing factors that lead to December?s increase include a number of indices,? said Timothy Butler, associate professor of supply
FRAMINGHAM, Mass. ? Within the next five years, more than 90% of all IoT data will be hosted on service provider platforms as cloud computing reduces the complexity of supporting IoT Data Blending. "The Internet of Things will give IT managers a lot to think about," said Vernon Turner, Senior Vice President of Research. "Enterprises
WHITMORE LAKE - RheTech has reached an agreement to be acquired by HEXPOL, a Swedish-based polymers group. The acquisition is expected to be completed in early 2015 after regulatory approvals. Terms were not disclosed. ?This is excellent news for RheTech,? said John Levinson, president and chief executive officer. HEXPOL is already a leading worldwide compounder
ANN ARBOR - Consumer confidence reached its most favorable level in the December 2014 survey since the last cyclical peak was set in January 2007, according to the Thomson Reuters/University of Michigan Surveys of Consumers. Conducted by the U-M Institute for Social Research since 1946, the Surveys monitor consumer attitudes and expectations. The gains over
ANN ARBOR - Toyota announced it is planning another expansion of its Southeast Michigan R&D campuses, with a total investment of $126 million in Ann Arbor and York Township. This marks the third time in just over a year that Toyota has announced plans to increase employment and investment in Michigan. Toyota will expand its
LANSING - The Michigan Council for Arts and Cultural Affairs this week approved 422 grants, located in 55 counties, totaling nearly $9.7 million in awards. These grants represented awards in the Artist in Education ? Residencies, Capital Improvement, Program for Operational and Projects Support, the Regional Regranting program and the Services to the Field program.
DETROIT - As the New Year quickly approaches, it?s not hard to spend more time than usual thinking about self-improvement. There?s no doubt that having clean, straight teeth helps us look more professional in the business world. If you?re thinking about straightening your teeth, there?s one Dentist in Metro Detroit who?s leading the industry with
DETROIT - Mike Finney says his new position in Gov. Rick Snyder?s office as senior adviser for economic growth is the best possible outcome for his search for what to do after stepping down as president and CEO of the Michigan Economic Development Corp. In a story in Crain?s Detroit, Finney said he had decided