DETROIT - Wayne State University's School of Business Administration has selected Florine Mark, CEO of The Weight Watchers Group, as 2008 Michigan Executive of the Year. The school confers this award annually to recognize a distinguished business leader who contributes to the advancement of the State of Michigan and its citizenry. ?It is so flattering
LANSING - Business groups are watching eagerly to see how much money the new Michigan Business Tax raises in the first quarter of 2008. While, they don't like paying any more for taxes, if the tax collects more than projected, business groups hope that will trigger a move to end the MBT surcharge. An administration
LANSING - With the expectation that it could be among the most important legislation passed this session, business groups are pushing for the Michigan Legislature to keep moving on an energy package. Various business groups have told Gongwer News Service they want to see the House move quickly on its package to keep discussions going.
LANSING - Though the Granholm administration supports the goal of reducing greenhouse gas emissions and controlling global warming, Michigan will not be joining a lawsuit filed this week against the U.S. Environmental Protection Agency. Massachusetts is leading the action in the U.S. District of Columbia Circuit Court of Appeals to have the court order the
KENTWOOD ? Color matching company X-Rite continued to feel the wrath of Wall Street Friday afternoon a day after the company announced it would not meet earnings expectations and could lay off Michigan employees. The company?s stock was trading at $5.61 a share, down 6 cents on the day. X-Rite stock has traded as high
REDMOND, Wa. - Microsoft Corp. Chief Executive Steven Ballmer threatened Yahoo Inc. directors with a hostile takeover of the company if they don't reverse course and agree to a deal within the next three weeks. In a letter delivered on Saturday, Ballmer lamented Yahoo's unwillingness to negotiate a deal, saying "that by choosing not to
REDMOND, Wa. - Two months after Microsoft made its $44.6 billion offer to acquire Yahoo Inc., the software maker has no plans to raise its bid, the Wall Street Journal is reporting. Such pronouncements are standard in deal negotiations, but people close to Microsoft insist the stance isn't posturing. While speculation has swirled that Microsoft
WASHINGTON - Federal Reserve Chairman Ben Bernanke on Wednesday publicly raised the prospect of a U.S. recession for the first time since the current slowdown began last year. But he also signaled that "much" of the needed economic and financial market adjustment has already taken place and that conditions should improve later this year, suggesting
CUPERTINO, Ca. - About half of them are under 30 years old, 15 percent of them are students, and they now have bigger mobile phone bills. Who are they? iPhone users, according to a recent online survey conducted by research firm Rubicon Consulting. Rubicon conducted the survey of 460 iPhone users in the U.S. last
LANSING - Michigan's ongoing economic troubles have led to a slight increase in the overall federal spending in the state, according to a report released by the Senate Fiscal Agency, but the state is still at the bottom of the list in terms of federal spending. The Citizens Research Council argued in its own report