LANSING - Completion of the 2011-12 fiscal year budget took a major step forward Tuesday with an agreement in principle between Governor Rick Snyder and top legislative leaders on major tax changes, including a pension tax and the replacement of the Michigan Business Tax with a 6 percent corporate income tax. With the handshake deal
LANSING - Despite an escalating campaign against it, Governor Rick Snyder said he continued to support the construction of a new bridge from Detroit to Canada. Snyder said Tuesday that he had expected it would be a task to move the issue through the Legislature. "Last year there was a tremendous amount of misinformation," he
GRAND RAPIDS - Trying to strike a blow against ongoing regional differences, Governor Rick Snyder urged Grand Rapids area business leaders against bad mouthing different regions of the state, particularly Detroit. Criticizing different regions hurts the state in its efforts to attract businesses, Snyder said in a luncheon speech before the Grand Rapids Area Chamber
EGHAM, United Kingdom - Worldwide smartphone sales will reach 468 million units in 2011, a 57.7 percent increase from 2010, according to Gartner Inc. By the end of 2011, Android will move to become the most popular operating system worldwide and will build on its strength to account for 49 percent of the smartphone market
ANN ARBOR - The Wall Street Journal reported Wednesday that Borders would move its headquarters to "cheaper office space in the greater Detroit metro area." The company is believed to have about 550 workers at its headquarters in Ann Arbor, down from about 1,800 several years ago. The decision comes after Borders' chief financial officer,
DETROIT - The Detroit Chapter of TiE, in its continuing quest for Talent, Ideas and Enterprises, announced Wednesday the TiEQuest 2011 Business Venture Competition. The submission deadline for executive summaries is June 12. TiEQuest is an initiative by the Global TiE organization to create and present a comprehensive framework for Business Venture Competitions integrated with
LANSING - "Hung," the HBO television series, will continue to shoot in suburban Detroit and has been awarded a $1.06 million grant from the state under its revised film incentive program, the Film Office announced Tuesday. The grant was based on $2.65 million in projected in-state expenditures. "Over the past three years, we have developed
GRAND RAPIDS ? A Grand Valley State University researcher issued a report Tuesday that contends the greater Grand Rapids Industrial economy has stabilized. Brian G. Long, director of Supply Management Research in the Seidman College of Business at Grand Valley State University, said survey results are based on data collected in the last two weeks
SAN FRANCSICO - Epsilon, which manages e-mail communications for TiVo, JP Morgan Chase, Capital One Financial, US Bank, the Kroger grocery chain, Best Buy, RedRoof Inn and other merchants, said this week that it suffered a security breach that revealed data on some of its clients' customers. Epsilon, which says it sends 40 billion e-mails
SAN FRANCISCO - AT&T CEO Randall Stephenson has a message for those who believe his company's acquisition of T-Mobile USA will steam-roll competition in the mobile marketplace. "This industry is anything but a duopoly," Stephenson said at a conference hosted by the Council On Foreign Relations, according to The Wall Street Journal. "The industry is