ANN ARBOR ? Borders Group will survive to fight another day. The company announced Thursday night that it has received a commitment from GE Capital for $675 million that will provide Borders with the financial flexibility and liquidity to reposition its business model and the Borders brand. "We are pleased that, after a thorough review
DETROIT ? Carolyn Shields is the new dean of the College of Education at Wayne State University. Farshad Fotouhi is dean of the College of Engineering. MITechNews.Com incorrectly reported Shields was the newly appointed Engineering Dean. Our apologies to all for the mistake. a>>
DETROIT ? Biofuels developer NextCAT has received $250,000 in seed funding from Automation Alley to help commercialize biodiesel catalyst technology developed at the National Biofuels Energy Lab at Wayne State University. Founded in 2009, NextCAT is commercializing a class of catalysts that enable producers to use a wide variety of inexpensive feedstock such as waste
LANSING - Officials in the administration of Gov. Rick Snyder hope to release a plain language balance sheet to the public before he unveils his budget proposals for the 2011-12 and 2012-13 fiscal years. With officials now hoping to release the budget by February 17, release of the plain language balance sheet is seen for
MUSKEGON - The Muskegon County Wastewater Management Systems announced Tuesday that it is seeking proposals from utility-scale wind developers interested in developing a project on 11,000 acres of MCWMS property near Lake Michigan. Rodger Kershner and Jon Kreucher of Howard & Howard, who both specialize in the firm's energy and utilities practice, were selected by
WASHINGTON - President Barack Obama used his State of the Union address to call on Congress to lower the corporate tax rate by closing industry-specific loopholes, find spending cuts across the government and invest more money in education, infrastructure and research. The president also called for a five-year freeze on nondefense discretionary spending. "We need
LANSING - Legislative Democrats continued their message of working with Gov. Rick Snyder to improve the state's economic climate after his State of the State Address Wednesday, but are also pushing for more details as to his tax policy and budgetary plans. "In recent history, the opposing party used their response to criticize and undermine
LANSING ? Gov. Rick Snyder Friday announced he has appointed trustees to serve at Central Michigan University, Grand Valley State University and Northern Michigan University. ?These individuals have proven themselves among the very best in their fields, and I have every confidence they will provide the leadership these universities need as we work to structure
LANSING - Legislative Republicans reacted with enthusiasm to most of Snyder's proposals and even put a best face on what's their biggest defection with the governor to date: the Detroit River International Crossing. "We absolutely have our work cut out for us," House Speaker Jase Bolger (R-Marshall) said after the speech. Bolger said Republicans had
LANSING - Michigan Economic Development Corporation CEO Michael Finney Friday filled out his staff by hiring Amy Cell from Ann Arbor SPARK to lead his talent and entrepreneurial education efforts and Oakland County Deputy Executive Douglas Smith to coordinate his strategic partnerships. Cell, vice president of talent enhancement & entrepreneurial education for Ann Arbor SPARK,