ROCKFORD ? As if you didn?t need yet another example of how the economy is shifting from bricks and mortar to online sales, Wolverine World Wide said it plans to shut down about 140 stores over the next 18 months and focus selling its distinctive footwear on the Internet. The company also cut its earnings
MOSCOW - A Russian hacker group that has attacked some of the biggest news and business sites in the world claims it penetrated CNET's website over the weekend and stole a database of registered reader data. A representative from the group calling itself W0rm told CNET News in a Twitter conversation that it stole a
JENISON ? Pilot Malt House has a problem all businesses wish they had ? the brewing ingredient maker has been unable to grow fast enough to meet demand. So founder Erik May has launched a campaign under Michigan's new crowdfunding law hoping to raise up to $250,000 from Michigan residents. The Pilot Malt House campaign
NEW YORK - Streaming-television service Aereo plans to continue its fight for survival in a lower court, switching to a new legal argument: If the Supreme Court says we're a cable company, we want the cable companies' content license. "Aereo temporarily suspended its operations...despite the fact that it believes that it can still operate with
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
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