DETROIT - More on the GM bailout, and GM bondholders are not happy. The AP reports bondholders say GM's turn around plan is too optimistic. They worry about getting paid in GM stock, because if GM eventually ends up going into bankruptcy that stock will be worthless. The irony, of course, is that if GM
WASHINGTON DC - Seeking to boost the U.S. clean-energy industry, President Obama on Monday announced $1.2 billion for science research at national labs and a proposal to extend a business tax credit for investments in research and development. At an event at the White House, Obama told researchers and green-technology business people that their work
LAS VEGAS - Aiming to better compete against a growing list of rivals, Microsoft on Thursday launched Internet Explorer 8, the latest version of its Web browser. IE 8, as the browser is known, was first shown a year ago and has been in testing for months, CNET News.Com. The new browser adds security improvements,
NEW YORK - International Business Machines Corp. is in talks to buy Sun Microsystems in a combination that would bolster IBM's heft on the Internet, in data storage and in government and telecommunications areas, according to people familiar with the matter. The two companies have a common interest in that both make computer systems for
SAN JOSE - Malware exploits moved at unprecedented speed and volume this past year but 2009 may bring increasing cooperation among security vendors and law enforcement agencies to bring down criminal enterprises, according to the annual Trend Micro Threat Roundup & 2009 Forecast. While malware authors have always moved quickly, releasing code as soon as
LANSING - Spending for $873 million of the state's transportation federal stimulus funds, which will support more than 130 projects around the state, which could create 25,000 news jobs, cleared the House overwhelmingly Wednesday. Projects include repair and reconstruction of I-475 in Flint, I-94 in Ann Arbor, I-196 in Grand Rapids, as well as reconstruction
LANSING - With the same cast returning for a repeat performance before the House Judiciary Committee that pushed the issue on both sides last session, the panel approved a package that would essentially erase the state's product liability immunity law and put prescription drugs under consumer protection laws. As they have in prior sessions, advocates
LANSING - The Michigan Strategic Fund board Wednesday approved a $6.9 million grant to Thomas Township to make public infrastructure improvements needed for the expansion of the Hemlock Semiconductor Group's solar cell manufacturing facility, which could create up to 300 jobs over the next two years. Hemlock Semiconductor is a joint venture of Dow Corning
ANN ARBOR ? If you've been thinking about entering the spring Great Lakes Entrepreneur's Quest Business Plan writing contest, time is running out. The application deadline is 5 pm March 30. Final documents are due on May 15. Companies competing in the New Business Idea category will prepare five-page executive summaries. More established companies will
ROCHESTER HILLS - Energy Conversion Devices' shares plummeted 23.2 percent in trading on Tuesday, after the solar-equipment maker warned investors that its third-quarter earnings would fall short of earlier projections amid a weakening economic environment. The company, which issued its warning after the markets closed on Monday, announced that it would cut 70 positions, issue