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LANSING — Gov. Gretchen Whitmer ordered agencies Tuesday to divest state of Michigan pension plans and trust funds from any Russian companies or institutions, following condemnations of the Russian invasion of Ukraine in the state Legislature. In a letter to State Treasurer Rachael Eubanks, Whitmer called on the State of Michigan Investment Board to hold a special meeting to
DEARBORN - Ford CEO Jim Farley is dividing up company operations, creating three separate automotive business units that include its existing commercial arm, as well as two new ones: Ford Blue, which will focus on the traditional internal combustion engine, and Ford Model e, which will develop the battery electric vehicles and connectivity, the company revealed Wednesday morning.
ANN ARBOR – Michigan Marijuana Report has formed a strategic partnership with the Small Business Association of Michigan to give cannabis businesses access to SBAM’s group buying power for products and services, including low-cost insurance. “We’re excited to work with SBAM, an organization I have been a member of for more than a decade,” said
LONDON, England -Britain is on red alert for Russian cyber attacks and disinformation campaigns. Key public services, banks and other big businesses have all bolstered their cyber defenses to combat the increased threat from Moscow. British Home Secretary Priti Patel yesterday hinted at potential tit-for-tat strikes against Russia if they attack first. She said: “As
DETROIT - Ransomware and phishing were the top cybersecurity issues for businesses in 2021, according to IBM Security’s annual X-Force Threat Intelligence Index. The report maps the trends and patterns observed by X-Force, IBM’s threat intelligence sharing platform, covering key data points including network and endpoint detection devices, and incident response (IR) engagements. The report, which covers 2021,
LANSING - Michigan’s economy, under the leadership of Gov. Gretchen Whitmer, is ranked No. 1 among 37 other states with a population greater than 2 million since the COVID-19 pandemic began two years ago, according to a newly-released opinion piece by Bloomberg. “Whitmer today presides over an economy that improved the most in its history since
PHILADELPHIA - Scientists have come across an unexpected way to commercialize a breakthrough form of battery technology, opening up the possibilities for a new generation of long-range robots and electric vehicles. Engineers at Drexel University in Philadelphia accidentally stumbled upon the technique while working on another solution to improve the viability of lithium-sulfur batteries, which are
LANSING - Energy waste reduction programs saved the state almost 1.6 million megawatt hours (MWh) of electricity and more than 6 million Mcf (thousand cubic feet) of natural gas in 2020, demonstrating the continued benefits of EWR efforts across Michigan. Meanwhile, wind turbines maintained their dominance among the state’s sources of renewable energy. These and
DETROIT - Tesla and legacy automakers are building the EV revolution, but does it leave room for these 10 EV start-ups? The auto industry is undergoing its largest change since it got its start early in the 20th Century. Electrification of transportation is a necessity in the fight against climate change and after a relatively
LANSING - The State of Michigan will distribute up to $409 million of its American Rescue Plan Act funds as grants to eligible businesses who have suffered financial hardship due to COVID-19. The Michigan Department of Treasury is administering this grant. What Types of Businesses are Eligible? Afflicted businesses cannot be tax exempt. Eligible business
