DETROIT - The Southeast Michigan Purchasing Managers Index rebounded in October to 59.7 from 53.1 in September, a sign the economy is rapidly expanding. An index above 50 indicates an expanding economy. The higher the index grows above 50, the faster the economy appears to be growing. "The PMI increase in October marks 21 straight
BEIJING - China asserts it was not behind a series of hacks against U.S. environment-monitoring satellites a few years ago. Speaking at a news briefing Monday, China Foreign Ministry spokesman Hong Lei said claims that China was behind the hacks, which occurred in 2007 and 2008, are "untrue." The spokesman added, according to Reuters, which
LANSING - Three non-legislative options the Snyder administration could pursue to complete the New International Trade Crossing involve handing the project over to the Canadian government, federal or city of Detroit government, or any combination of those entities, sources tell Gongwer News Service. Those options were weighed, although briefly, by the administration of Governor Jennifer
SOUTHFIELD - Governor Rick Snyder called for overhauling how the state funds and maintains its road system Wednesday, to generate $1.4 billion in new revenue most say the transportation system needs. It could result in $120 more per year in vehicle registration fees. Snyder's plan delves into the three fundamentals of the system: where the
LANSING - Although it's a scaled back incentive, Michigan would still be competitive for film and television projects under legislation that also puts more emphasis on in-state workers, proponents said Wednesday. SB 569 , which would guide how the state's $25 million film incentive appropriation is handed out, was the subject of testimony before the
LANSING - The Michigan Strategic Fund and the Michigan Economic Development Corporation Thursday issued a Request for Proposals to solicit proposals from high-performance business incubators or accelerators in Michigan to support entrepreneurs in launching and growing start-up companies throughout the state. Electronic versions of each business plan proposal must be sent separately to the MSF
GRAND RAPIDS - Van Andel Institute officials Thursday announced the appointment of Patrik Brundin, M.D., Ph.D. as the inaugural holder of the Jay Van Andel Endowed Chair in Parkinson Research. Dr. Brundin is an internationally renowned expert in the field of Parkinson?s and neurodegenerative disease research, and currently Professor of Neuroscience at the Faculty of
LANSING - Only 10 percent of Business Leaders for Michigan members believe the U.S. economy will improve in the next six months, according to a new quarterly survey from the group. It was only 10 months ago that 50 percent of those taking the survey thought the U.S. economy was on an upswing. While Michigan's
DEARBORN ? The MIT Enterprise Forum Savvy Entrepreneur Series on Nov. 8 will focus on building awesome teams that match your current stage of business development and your funding status. The series is co hosted by the Great Lakes Chapter of the MIT Enterprise Forum (MITEF), UM Dearborn, and Great Lakes Entrepreneur Quest. The series
DETROIT - Randal Charlton is stepping down as the Wayne State University Executive Director to led an organization that enables adults over 50 to engage in Southeast Michigan's new economy by creating pathways to pursue career changes, entrepreneurship and meaningful volunteer service. Replacing Charlton on Nov. 1 will be TechTown General Manager Leslie Smith Smith