WASHINGTON DC - The Federal Reserve, on Tuesday held overnight interest rates charged its largest customers - primarily banks - at 2 percent, while indicating it had continued worries about weaker economic growth ahead. In a statement accompanying its decision, the Fed sought to straddle the line between continuing inflation concerns and the risk of
LANSING - The full U.S. Senate approved the Great Lakes Compact on Thursday, leaving U.S. House approval and the president's signature as the final obstacles for a proposal that has bounced around the region since eight governors approved framework for the measure in late 2005. The Great Lakes-St. Lawrence River Basin Water Resources Compact is
LANSING - Processing an initiative petition to amend the Constitution is essentially a ministerial duty that does not include having the state review a proposed amendment to see if it is constitutional, the state said in its reply to the lawsuit attempting to stop placement of the Reform Michigan Government Now! proposal on the November
AUBURN HILLS - Chrysler LLC on Monday named Jan Bertsch, Senior Vice President Treasurer and Chief Information Officer, to lead the automaker's efforts to consolidate Information Technology Management and Treasury into a new integrated structure. Under this integrated structure, Bertsch is responsible for the Company's global treasury operations. She continues to direct the Company's systems
DETROIT - Inventor Dean Kamen, founder of FIRST - For Inspiration and Recognition of Science and Technology - has restructured his program in Michigan into 16 districts under the new entity called FIRST in Michigan in an effort to keep Michigan as once of the top engineering centers in the nation. Each district will run
LANSING - Michigan Gov. Jennifer Granholm's new Invest Michigan initiative will include two funds using public employee pension money to attract new business to the state. The funds will be overseen by three professional capital management companies, as well as an 18-member board of state business leaders. The Growth Capital Fund, overseen by Beringea and
GRAND RAPIDS - Close to one-third (30 per cent) of chief financial officers (CFOs) surveyed said the most significant change in their roles over the past five years has been an increase in strategic planning. Eighteen per cent of respondents indicated they have taken on an expanded leadership or management role within the company. The
GRAND RAPIDS - Internet advertising agency Adtegrity.com reported record revenues and a six-figure profit for the second quarter ended June 30, after posting a small gain in the same three months a year ago. The Company's unaudited results included net income of $101,000 for the first quarter on net revenues of $4.5 million, compared with
TROY - Noble International on Monday announced that Jim Orchard, its Chief Operating Officer, has decided to leave the company as of July 31st. Taking his place will be Frank Sovis, currently President of Noble's North American Operations. Replacing Sovis will be John Nechiporchik, currently the Chief Operating Officer of North America. The promotions of
DEARBORN - MITechNews.Com would like to announce a date change for the 2008 Detroit SecureWorld, now November 5-6 at the Ford Conference and Event Center. Unchanged are the discounts MITechNews.Com offers its readers and listeners. Originally set for earlier in the week, SecureWorld has adjusted the dates to reflect the 2008 election. The Detroit SecureWorld