WATERLOO, Canada - BlackBerry announced Monday it reached a preliminary deal with one of its biggest shareholders to try to take the company private for about $4.7 billion, which could let the struggling mobile device maker find a suitor. Fairfax Financial Holdings, a Canadian insurance firm, signed a letter of intent with the BlackBerry board
CUPERTINO, Ca. - Apple's iPhone sales topped nine million during the first three days of sale, what Apple described as "our best iPhone launch yet." Apple didn't break out specific sales numbers for the high-end 5S versus the colorful 5C, but did say that the combined unit sales set a launch-weekend record. Apple is also
AUBURN HILLS - Chrysler Group has filed plans for an initial public offering as the U.S. auto maker takes its first step to return to the market, a move that has angered Fiat CEO Sergio Marchionne. Fiat owns majority interest in Chrysler and wants to acquire the 41.5 percent owned by the United Auto Workers
GRAND RAPIDS - F7Studios, a podcasting production and distribution company co-founded by MITechNews.Com Publisher Mike Brennan, has thrown its hat in the Start Garden funding mix for the third time to land $5000 in seed capital. Endorse the project to help us land the dough. The money will be used to pay for the equipment
SOUTHFIELD - The DENSO North America Foundation has awarded $50,000 to Lawrence Technological University to help create a new multidisciplinary bio-robotics lab that will benefit students in two growing bachelor?s degree programs in biomedical engineering and robotics engineering. LTU said students in traditional programs in electrical and computer engineering and mechanical engineering will also benefit.
WASHINGTON DC ? Gov. Rick Snyder will unveil next week at the National Governor?s Conference an electronic dashboard designed to provide all governors an overview of their state?s cybersecurity environment, part of a Call To Action For Governors for Cybersecurity. Snyder, co-chair of the NGA Resource Center for State Cybersecurity, will release the dashboard Sept.
LANSING ? The Michigan Strategic Fund on Wednesday approved $1.2 million in incentives to three companies planning expansions in the state that are expected to generate up to $10.6 million in private investments and add 250 new jobs in Michigan. ?Michigan?s leadership in making things and making things work shines through in these new expansions
LANSING - Governor Rick Snyder said he hoped the state could be a model for the rest of the nation as he signed legislation Monday expanding Medicaid coverage under the federal Patient Protection and Affordable Care Act. The bill (HB 4714 , PA 107) is projected to allow 470,000 residents to join Medicaid, pending approval
WASHINGTON D.C. - Follow the Money is not just a catchphrase, but an actual branch within the National Security Agency that spies on payments processed by Visa and others, according to Der Spiegel. Citing documents from 2010 leaked by former NSA contractor Edward Snowden, the German news magazine reported Monday that the Follow the Money
LANSING - Despite opposition from conservatives in the state, and elsewhere, to proposed carbon dioxide emissions standards for power plants, Michigan's fleet of power plants should be able to meet the standards, the World Resources Institute said in a report released Monday. The report said current state renewable power and energy efficiency standards could mean