SAN FRANCISCO - Late on Tuesday night, Facebook reversed a change to its terms of service that had meant that its license on user content-a longstanding but little-publicized claim to an "irrevocable, perpetual, non-exclusive, transferable, fully paid, worldwide license" for promotional efforts-would no longer expire if a member deleted his or her Facebook account. Over
WASHINGTON DC - The White House has launched Recovery.gov, a site that intends to bring transparency to the government spending authorized in the $787 billion economic package the president signed Tuesday. "The size and scale of this plan demand unprecedented efforts to root out waste, inefficiency, and unnecessary spending," President Obama says in an introductory
BARCELONA -Verizon Communications' chief technology officer dished out details Wednesday on the company's soon-to-be-built 4G wireless network that's set to go live in 2010. Verizon will begin testing the service this year and launch it commercially in at least 25 to 30 markets in the U.S. in 2010, CTO Dick Lynch said during an interview
WASHINGTON - The U.S. Small Business Administration issued a scam alert today to small businesses, warning them not to respond to letters falsely claiming to have been sent by the SBA asking for bank account information in order to qualify them for federal tax rebates. The fraudulent letters were sent out with what appears to
ANN ARBOR - SenSound, sponsored by TechTown, Creative Byline, sponsored by the West Michigan Science and Technology Initiative, and Biotectix, sponsored by Ann Arbor SPARK, all received funding in January from the Michigan Pre-Seed Capital Fund, which has done 30 deals so far. The Michigan Pre-Seed Capital Fund is an equity investment fund and, as
DETROIT - General Motors Corp. on Tuesday, meeting a Congressional deadline to report on its progress restructuring, said it will need as much as $16.6 billion in additional federal aid and could run out of money next month if it doesn't receive at least some of that funding immediately. The No. 2 world automaker, surviving
ANN ARBOR - New Enterprise Forum and MiTechNews.Com will roll out a new podcast channel that will provide audio interviews with speakers, starting Thursday at the NEF Annual Awards Show in Ann Arbor. The new NEF podcasting channel will provide easy access to interviews and elevator pitches from the speakers and presenters that are showcased
LANSING - As many as 109,000 people in Michigan could get jobs under the federal stimulus bill that President Barack Obama signed into law on Tuesday. Shortly after Obama signed the legislation at a ceremony in Denver, Gov. Jennifer Granholm said the legislation will help give Michigan's economy a jumpstart. "This program will provide help
ANN ARBOR - Early-stage healthcare and life sciences company investor Arboretum Ventures on Monday announced the final closing of its second investment fund, with commitments totaling $73 million. The latest fund is three-times bigger than Arboretum's $24 million debut fund, which closed in 2005. As with the first fund, Arboretum Ventures II is operated by
LANSING - The Michigan Economic Development Corporation Friday announced that, pending formal Board action on February 26, D. Gregory Main will replace James Epolito beginning April 1 as president and CEO of the state's central investment attraction and job creation organization. Main, until recently, was CEO and president of i2E INC, one of the nation's