NEW YORK - Citigroup said it is likely Microsoft will raise its $31-per-share offer for Yahoo, and upgraded Yahoo shares to buy from hold. The brokerage also raised its price target on Yahoo's stock to $34 from $31, saying it believed Microsoft remained committed to its offer and "is capable of and willing to" increase
PLEASANT RIDGE ? Interactive Promotions Leader ePrize on Monday announced the introduction of a product development division that will drive the invention of new online and mobile marketing products. Led by Senior Vice President Drew Bennett and other hand-picked senior leaders from within the ePrize team, the 22-member team acts as a research and development
MANISTEE ? Manistee and Mason counties, on Michigan'd west central coast, has selected the RAIN Source Capital of Minneapolis to help develop an angel investing group for companies in the region. The as yet unnamed angel group will be backed as well by the Industrial Development Group in Manistee. The Rain Group also is helping
LANSING - New Michigan Agriculture Director Don Koivisto said his predecessors were on the right track, at least in terms of managing the department, but he told Gongwer News Service that he is not planning any departmental restructuring or major changes in direction. But Koivisto said he plans to work more on partnerships to achieve
HOLLAND ? Four-month old Creative Byline, a match.com for writers and editors, has signed up its first three publishers, St. Martin's Press, Tor Forge, and Dutton Children's Books. Now the start-up is searching for more investors to better position the company as a player in the $500 million middle-man segment of the book publishing market.
TROY ? NuSoft Solutions, a Microsoft Gold-Certified Partner in Troy, has been acquired by RCM Technologies Inc., a New Jersey-based technology solutions provider. No acquisition price was announced, but an SEC filing on Thursday said NuSoft was issued $3 million in RCM's stock "as part of the consideration for the acquisition of certain assets from
LANSING - Could the director's cry of ?Action? soon be heard more in Michigan? The Senate on Thursday acted on a series of bills designed to make Michigan more attractive to film and television producers in terms of taxes. The chamber passed 10 House-originated bills granting film production companies a 40 percent credit on the
LANSING - Private insurance companies would not be able to increase premiums on customers because they get sick and Blue Cross Blue Shield of Michigan would have to use its reserves to cover its own costs or to help out those who cannot afford insurance under a plan unveiled Wednesday by Senate Health Policy Committee
LANSING - The Senate Economic Development Committee on Wednesday approved three bills aimed at making the state friendly to industrial parks or smart zones. SB 1203 would allow a local government with a technology park to join together with another municipality without the park to designate the joint area as a technology park, creating a
WASHINGTON DC - A Silicon Valley entrepreneur has been chosen to run the new National Cyber Security Center, an agency charged with coordinating efforts to protect the federal government's computer networks from cyberattacks, according to published reports. Rod Beckstr�m, 47, is expected to be appointed to the post Thursday and report directly to Michael Chertoff,