REDMOND, Wa. - Microsoft announced Sunday afternoon it has issued another proposal to Yahoo that calls for a transaction with Yahoo, but would not involve the acquisition of all of Yahoo's assets. The announcement comes just days after billionaire investor Carl Icahn launched a proxy fight to unseat Yahoo's current board at the Internet search
LANSING - The key bill in a water protection package, which its backers praise as a precedent-setting management system to control large water withdrawals while still making sure water is available for farm and industrial use, won divided Michigan Senate approval Thursday. While months of behind-the-scenes work resolved a myriad issues, some contentious items remained
LANSING - Michigan employers would be barred from hiring or firing an individual based on credit history, appearance, health or the legal activities they engage in outside of work under a legislative package that passed a divided House on Thursday. While proponents of HB 4532 , HB 4887 , HB 4926 and HB 4927 said
LANSING - With the prospect of less money for the coming Michigan government fiscal year than originally projected, groups urged the Legislature on Thursday to reconsider some of the tax exemptions allowed as a way to boost revenue. Officials with the 20 organizations representing human services, local government and education argued that tax loopholes are
DETROIT - Business software and services company Compuware Corp. reported a lower quarterly net profit on Thursday compared the same quarter a year earlier, when the Detroit-based company benefited from higher interest income, a tax benefit and the sale of an investment. Compuware said net income for its fourth fiscal quarter ended March 31 was
LANSING ? The submission deadline for the next round of the 21st Century Business Plan Competition, worth some $30 million, has been moved back nearly a month, from June 4 to June 30, the Michigan Economic Development Corp. announced Wednesday. Cindy Douglas, Director of Program Administration for the MEDC, said potential applicants were telling the
NEW YORK - Billionaire investor Carl Icahn is launching a proxy contest to unseat Yahoo's board of directors, according to a person close to the matter - a move aimed at pressuring the Internet company to reach out to Microsoft Corp. to re-start sale discussions. Icahn plans to nominate 10 directors to replace Yahoo's board
WARREN - Democratic presidential candidate Barack Obama returned to campaigning in Michigan Wednesday with a new manufacturing agenda on display, including a national fund to support cutting edge technologies such as new generation of batteries that could be centered in the state. The fund, he said, would be similar to the state's 21st Century Jobs
WASHINGTON - The U.S. Congress won't be beefing up the number of H-1B visas anytime soon, the chief legal adviser to an influential Republican predicted Monday. Proposals to raise the annual H-1B cap would sail through Congress if called up for a floor vote, but political considerations mean that probably won't happen anytime soon, George
LIVONIA ? Marketing company Valassis has extended the contract for Chairman and CEO Alan Schultz for three-years to January 2012. Schultz's previous contract was set to expire on Dec. 31, 2008. Under Schultz's leadership, the company has nearly quadrupled revenues and significantly diversified its customer base and product portfolio. In March of 2007, he led