SAN FRANCISCO - On Thursday, Yahoo! Chairman Roy Bostock and Chief Executive Jerry Yang of Yahoo! sent a letter to shareholders calling Microsoft's actions "stupefying", and tearing into billionaire activist investor Carl Icahn, who has been working with Microsoft to push its proposed takeover, for his lack of knowledge of the Internet business. Yahoo!�??s annual
LANSING ? Economic incentives supplied by the Michigan Economic Development Corp. for 18 projects and companies are expected to generate $231.2 million in new state investment and nearly 7000 new jobs. ?These investments are great news for communities and job-seekers throughout our state,? said Michigan Gov. Jennifer Granholm. ?The companies that are choosing to invest
LANSING - The Michigan 2008-09 appropriations for higher education, giving universities a 1 percent increase, has been signed by Governor Jennifer Granholm. Also signed were the budgets for the Department of Education and Department of Military and Veterans Affairs. The university budget bill (SB 1099 , PA 212) appropriates $1.769 billion for operations at the
CUPERTINO - Despite the outages, shortages, and related hand-wringing associated with last Friday's iPhone 3G launch and Thursday's release of the iPhone 2.0 firmware, Apple says there were nevertheless 10 million downloads from its new App Store in its first weekend of existence. And those long lines? A total of one million iPhone 3G units
DETROIT - Financially battered General Motors said Tuesday it will raise $15 billion in liquidity by 2009 through potential asset sales, cost cutting and other financing measures to survive a steep downturn in U.S. vehicle sales, precipitated in part by high gasoline prices. GM also said it will suspend the dividend it pays out to
DETROIT - The tenuous state of Michigan's economy was on full display Tuesday with rapid announcements of an $11 billion Dow joint venture with 800 high-wage jobs choosing the state for its new headquarters, General Motors instituting a new round of cuts that targeted high-wage white collar jobs, 13 companies investing $145 million to create
REDMOND - A joint offer over the weekend by Microsoft Corp. and investor Carl Icahn to break up Yahoo, which was rejected by Yahoo, now ushers in instead a much hotter proxy battle for control of the embattled search engine. The proposal, made Friday night, envisioned that Microsoft would buy Yahoo's search business and let
KALAMAZOO - Pfizer will cut 275 jobs from its manufacturing operations in Kalamazoo County before the end of the year, reducing Pfizer's manufacturing headcount in Southwest Michigan to about 2,500. Company supervisors were announcing plans to workers this morning to further streamline its operations here as part of "ongoing efforts to remain globally competitive," company
LANSING - While there has been a substantial increase in technological innovations on alternative energy, the efforts do not come anywhere near what will be needed to solve America and the world's energy problems, U.S. governors were told Monday at the closing session of the 2008 National Governors Association meeting in Philadelphia. Richard Lester, a
LANSING - Energy companies have no authority to compel the Department of Environmental Quality to use their preferred permit requirements, the Court of Appeals said Wednesday in an unpublished decision that put Midland Cogeneration Venture power company on the losing end of a case it filed against the DEQ. Midland Cogeneration originally won its plea