ANN ARBOR - Fry Inc., one of Michigan's leading eCommerce solutions providers, has been acquired by Micros Systems Inc. for $31 million. Founder David Fry will remain as president of Fry, which was folded into the Micros-Retail group. David Fry and other Fry shareholders are eligible for an additional $17 million if the company hits
SOUTHFIELD - Lower industry volumes and the massive decline in truck and SUV sales have put as many as one-third of automotive suppliers in North America at risk of bankruptcy, according to the Summer 2008 Automotive Industry Review prepared by Grant Thornton Corporate Advisory and Restructuring Services. At the same time, bankruptcy concerns for the
BATTLE CREEK - Food maker Kellogg Co. said Monday that John Bryant, chief financial officer and president of the company's North American division, has been promoted to chief operating officer. Bryant will also continue as CFO. Chief Executive David Mackay was the last to hold the COO post. He left the position to become CEO
CUPERTINO, Ca. - A financial analyst contends Apple's iPhone 3G reception issues may be the result of some faulty chips. Richard Windsor of Nomura published a research note (spotted at GigaOm) Tuesday singling out the iPhone 3G's chipset, made by Infineon, as the probable culprit for the reception problems, CNET News.Com reported. The dropped calls,
LANSING - While Governor Jennifer Granholm and others have publicly said they hope the Legislature can vote on an agreement on developing energy from renewal sources and reforming utility regulations when it returns this week, it appears such an agreement is unlikely at this time. Meetings have been ongoing between lawmakers and interest groups trying
LANSING - The group opposing the embryonic stem cell research ballot question in Michigan will not be challenging signatures as the deadline approaches, a spokesperson said during a Monday meeting introducing the opposition group's co-chairs. Instead, opponents will focus their efforts to convince voters to oppose the proposal. Dave Doyle, speaking for Michigan Citizens Against
CUPERTINO, Ca. - After his third iPhone 3G continued to cut him off in the middle of his conversations, Ryan Shaw had seen enough. "The phone was a disappointment from the standpoint that it couldn't maintain a consistent connection with the 3G network...All the other features were fantastic," Shaw, a sales professional living in a
LANSING - Legislation providing a Michigan Business Tax credit to encourage Hemlock Semiconductor to expand its operations in the state was signed on Wednesday by Governor Jennifer Granholm. Hemlock, a subsidiary of Dow Corning, is the largest producer of hyper-pure polycrystalline silicon for the semiconductor and solar industries and in the state's poor economic status
DEXTER - ReCellular, a cell-phone recycling firm, is getting a $15 million Series A Preferred Stock investment from Investor Growth Capital. The money will be used to expand operations and accelerate revenue growth. "We see tremendous growth potential in ReCellular," said Albert Kim, Vice President of IGC. "They have revolutionized the electronics-sustainability industry by providing
DETROIT - Automation Alley members will soon have the opportunity to rent 5000 square feet of dedicated space at TechTown, the Wayne State University research and technology park - in a new partnership that could redefine what entrepreneurial supports groups can do in Michigan. In exchange, Automation Alley will provide TechTown with what the technology