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
DETROIT ? The Great Lakes Entrepreneur's Quest and ConnecTech, the former GLIMA Network, will join WWJ Newsradio 950's daily technology eNewsletter on a tour of Michigan in April to profile technology companies. The Tech Tour, organized by Matt Roush, Technology Editor For WWJ Newsradio 950 in Detroit, and editor of the Great Lakes IT Report,
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
BATTLE CREEK ? Great Lakes Entrepreneur's Quest is joining Western Michigan Economic Development organizations, entrepreneurs, investors, consultants, coaches and mentors on April 10 at the McCamly Plaza Hotel to celebrate the entrepreneurial spirit in Michigan. Keynote speaker, Keith Brophy, will kick off the evening. Brophy, a former Ernst & Young West Michigan Entrepreneur of the
DETROIT - AT&T will spend $46 million this year in Michigan to upgrade its network and expand its G3 capabilities in the lower half of the lower peninsula. ATT. Brian Durcharme who runs ATT's Michigan and Indiana operations talks in this News Maker Interview about the new video and audio capabilities that will be available
LANSING - The Mackinac Room in the House Office Building was crammed Tuesday for a workgroup session on an energy package including largely re-regulating the electric industry and mandating energy efficiency and a renewable portfolio standard. But while the participants argued over changes to the bills, no consensus was reached in the seven-hour meeting. House
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.
DETROIT - With the launch of a $1.3 million technology initiative, Wayne State University is joining the first wave of universities adopting new 802.11n high-performance Wi-Fi technology, which more than doubles the capacity of the midtown Detroit campus. The new 802.11n standard for wireless networks provides faster data transfer rates (about 250 megabits per second/Mbps