ANN ARBOR - Despite the heavy downturn in the auto industry, Wayne County will lose jobs at a moderate pace over the next three years, University of Michigan economists said Wednesday. The county is expected to lose 3,900 jobs this year (the same as last year), 4,000 jobs next year and 3,400 jobs in 2008.
ANN ARBOR ? MichBio Executive Director Michael Witt resigned last week from the life sciences trade association and was replaced this week by former Pfizer researcher and current Ann Arbor City Council member Stephen Rapundalo. The surprise resignation came after Witt spent three years revitalizing MichBio, pushing its membership past 200, and building a professional
DETROIT - Compuware Corp. announced Tuesday that it has signed a definitive agreement to acquire privately held Irish software company SteelTrace for $20 million in cash. SteelTrace is an information-technology company that creates requirements-management software, which helps an IT system meet actual business needs throughout its lifecycle and better manage software projects. ?Requirements represent the
SOUTHFIELD - TechTeam Global announced Tuesday that Chief Finanical Officer David Morgan resigned last week as the company looks into allegations he leaked confidential information to the company's largest shareholder, which has been waging a hostile takeover of TechTeam. An 8k filing with the Securities and Exchange Commission also said that potential misconduct by Morgan
LANSING - Continued concern for the state's youngest video gamers may lead to an appeal of a federal judge's ruling on Friday striking down laws meant to keep violent video games away from children. However, the appeal, as well as any attempt to rewrite and introduce new legislation, would likely be pointless said one lawmaker.
LANSING - Some Democratic members in the House urged the governor to sign legislation repealing the single business tax before she ended up vetoing it late last week. Sources who asked not to be identified have told Gongwer News Service that at least one Democratic House leader met with the governor's staff beforehand to request
ANN ARBOR ? The Great Lakes Entrepreneur?s Quest will hold an Entrepreneur?s Roundtable on Managing Growth on April 4 at Automation Alley - part of its Business Commercialization program for entrepreneurs. Kraig Rasche, President and founder of Sagient and Chris Hopkins, President of GRID4 Communications will offer insights and answers on how to build and
LANSING - Gov. Jennifer Granholm, as promised, on Friday vetoed legislation that would have sped the repeal of Michigan's Single Business Tax, saying repeal without a replacement threatens Michigan families, businesses and the state's economic future. Republicans and the business community, ready for the veto, said the governor relinquished a shot at improving Michigan's economy.
DETROIT - The Society of Automotive Engineers will kick off its 2006 Technical Congress in an atmosphere of unprecedented global participation, though blemished by ongoing reorganizations at General Motors and Ford and bankruptcies of such leading suppliers as Delphi, Dana, Collins & Aikman, and Tower Automotive. The theme of the conference is ?Driving Innovation Through
LANSING - The chairman of the Michigan House Subcommittee that oversees the Michigan Economic Development Corp. budget said the tax abatements and grants awarded by the MEDC do not encourage businesses to move to the state or to stay here, but instead are a way for businesses to play states against each other to gain