DETROIT - Compuware posted a fourth quarter loss this week and missed Wall Street's expectations, but beat revenue expectations. Analysts said the higher-than-expected revenue is a sign to shareholders that higher growth may be in the offing for the computer services company. Compuware reported adjusted earnings per share loss of $0.30. By that measure, the
LANSING ? Michigan government provided nearly $14 million in tax incentives to five businesses and four community improvement projects across the state that are expected to generate $173 million in new investments. The Michigan Strategic Fund said the projects also could create more than 1,100 new jobs. ?These business expansions and community improvements demonstrate the
LANSING - Net revenues from Michigan's major taxes jumped by 18 percent in April compared to April 2012, figures from the Senate Fiscal Agency showed, driven largely by a sharp increase in income tax collections. During the month, the state collected about $2.3 billion, up by $248.2 million from the January revenue estimating conference projections
LANSING - The Michigan Land Bank Fast Track Authority is moving from the Michigan Strategic Fund to the Michigan State Housing Development Authority through an executive order Governor Rick Snyder issued Monday. Snyder said EO 2013-8 would bring together two agencies working on redevelopment efforts. "This strategic reorganization allows MSHDA to strengthen its partnership with
ANN ARBOR - In 2012, Michigan jumped from 25th to 15th in the national Venture Capital ranking - one of the largest increases in venture funding last year. Compared to the national trend of declining VC funds and activity, funding activity and fund sizes in Michigan continued strong and steady growth last year. The information
ANN ARBOR ? Thirty six companies will pitch hundreds of potential investors next week at the 32nd annual Michigan Growth Capital Symposium. Presented by the University of Michigan Zell Lurie Institute at the Ross School of Business, this year?s Symposium will be held May 21-22 at the Marriott Resort in Ypsilanti. More than 400 entrepreneurs,
LANSING - The Michigan Senate on Thursday passed its Department of Community Health budget with some minor changes after much discussion about how the chamber would handle whether or not to expand Medicaid in its proposal to force the subject to be discussed in conference committee. The bill (SB 198 ) was discharged from the
ANN ARBOR ? Ned Staebler and Inspire Michigan are publicly launching the Michigan Talent Agenda and MTA Fellowship on May 23 at Quarter Bistro. The event is a fund raiser. Guest speakers include Lou Glazer, President of Michigan Future; U-M Regent Mark Bernstein; Flint Mayor Dayne Walling; Dan Gilmartin, President of Michigan Municipal League; Kristy
PLYMOUTH - Bad cholesterol-battling Esperion Therapeutics has filed for an initial public stock offering with the federal Securities and Exchange Commission to raise up to $70 million. Esperion is focused on drugs to treat high levels of low-density lipoprotein cholesterol, the so-called bad cholesterol, that can be taken in pill form, and which the company
DETROIT ? Compuware Corp. announced Wednesday that it plans to sell up to $100 million worth of stock in its Covisint subsidiary, which provides secure collaboration technology for companies that need higher security communications ? from health care to autos. Compuware says it filed the Form S-1 registration statement with the Securities and Exchange Commission,