LANSING - Development of advanced batteries and the vehicles that will use them is an important sign of the future viability of the U.S. automotive industry, Gov. Jennifer Granholm said Tuesday. Speaking to reporters shortly after the Michigan Economic Growth Authority approved tax breaks for four advanced battery manufacturing centers in the state, Granholm said
MOUNTAIN VIEW, Ca. - EBay Inc. said it would spin off its Internet-calling business Skype through an initial public offering in the first half of next year, after the online auctioneer faced calls for months to unload the company, which has fallen short of expectations. "Skype is a great stand-alone business with strong fundamentals and
DETROIT - A Wayne State University researcher received $127,874 from the National Science Foundation to develop the framework for a network that connects pervasive, embedded sensors that are highly diverse in function, with the ultimate goal of communicating information directly to the Internet. The network sensors, which can be placed virtually anywhere, can detect light
BASKING RIDGE, N.J. - More electronic records were breached in 2008 than the previous four years combined, fueled by a targeting of the financial services industry and a strong involvement of organized crime, according to the 2009 Verizon Business Data Breach Investigations Report released Wednesday. This second annual study - based on data analyzed from
AUBURN HILLS - Will Fiat's CEO, Sergio Marchione, become the CEO of Chrysler as well? That's from a report in Italian newspaper La Stampa. Of course, we always knew that Bob Nardelli was brought in by Cerberus to run Chrysler for a limited amount of time, until he got its finances cleaned up. My assumption
SAN FRANCISCO - The Conficker worm that has infected millions of Windows-based computers will likely be used to send spam and steal data much like one of the nastiest botnets on the Internet does, researchers said on Thursday after finding links between the two worms. A week after failing to do anything but snore, the
DETROIT - The Secretary of State is working feverishly to put systems in place that will allow Michigan residents that wish to opt for a REAL ID Enhanced Drivers license for an additional fee. The new and improved driver's license will be available after April 21. Expect to see a lot of ads about it
DETROIT - General Motors Corp. is preparing a tougher debt-for-equity exchange offer for its unsecured bondholders that could be presented as early as next week, according to people familiar with the matter. The company is considering offering only equity, but no cash or new debt in GM, representing a significant reduction compared to an offer
NEW YORK - Economists in the latest Wall Street Journal forecasting survey expect the recession to end in September, though most say it won't be until the second half of 2010 that the economy recovers enough to bring down unemployment. Gross domestic product was predicted to contract in the first and second quarters of this
LANSING - The Michigan Administrative Board has approved the first infrastructure project to use federal stimulus funds, but in doing so is now giving the Department of Transportation more leeway to approve competitively bid highway contracts in an effort to get as much of the state's share of those dollars through the pipeline as possible