LIVONIA - TRW Automotive Holdings Corp., a $17.4 billion auto supplier, confirmed Thursday that it received a preliminary, non-binding proposal to acquire the company. But TRW did not identify the bidder. TRW, in a press release, said it is evaluating the proposal as well as other strategic alternatives, which may enhance stockholder value. TRW will
ANN ARBOR ? Llamasoft has expanded operations in the Asia-Pacific region, establishing LLamasoft Asia as a new business venture based in Tokyo, where a team of more than a dozen industry veterans will be on staff. ?We are excited about the latest LLamasoft expansion,? said LLamasoft Executive Vice President Toby Brzoznowski. ?Our rapid global growth
ROCHESTER HILLS - Fred Ferber built a number of successful corporations on the strength of a business distribution software suite that provides comprehensive business intelligence. Now he?s selling his Conveyorware ?All-in-One? Business Distribution SaaS Software Suite and plans to use the proceeds to build a company for his 16 grandchildren. What is Conveyorware? A complete
TROY - Packaging Concepts + Design announced that O2 Investment Partners, a private equity firm in Bloomfield Hills, along with PC&D?s management team have acquired the business. Terms of the deal were not disclosed. Midwest Mezzanine provided subordinated financing and equity and Comerica Bank provided senior financing. Packaging Concepts + Design designs and delivers highly
CUPERTINO, Ca. - Smartphone locking is often seen as a necessary but sometimes annoying tool. Punching in a pincode or even using the newer fingerprint scanners can be a pain when just tooling around at home or sitting in a car. It appears Apple is looking into this issue. The US Patent and Trademark Office
LANSING - The Michigan Department of Technology, Management and Budget will host Gov. Rick Snyder?s 2014 North American International Cyber Summit Nov. 17 at the Cobo Center. ?This is an event you won?t want to miss, so save the date for the 2014 Cyber Summit,? said David Behen, DTMB director and state chief information officer.
DETROIT ? A room full of girls beamed with excitement as they prepared for Camp Infinity?s graduation ceremony June 27 at University of Detroit-Mercy, connecting to the web pages they created, loading the game level they designed, or making the final touches on programming robots. Camp Infinity is a technology camp supported by the Michigan
DETROIT - AT&T Wednesday announced the company will hire workers for 95 jobs in the state, including 59 new jobs. The positions will be primarily focused on call center staffing, retail opportunities and technicians and are a result of AT&T?s continued investment in Michigan to support both wireline and wireless network customers. ?AT&T continues to
LANSING - In a new poll released Tuesday that Democrats cheered and Republicans dismissed, Governor Rick Snyder and his Democratic opponent Mark Schauer tied with 40 percent support each. The poll was released by Public Policy Polling, the North Carolina-based firm that has proven generally reliable in polling Michigan races, though the firm is a
LANSING - State budget cuts in a variety of key areas have cut into the state's ability to attract new jobs, a report released Monday by the Michigan Economic Center said. The report, Michigan Dream at Risk, highlighted cuts to education, transportation, environmental programs and local revenue sharing, and the effects of those cuts on