KALAMAZOO ? Medical device giant Stryker has agreed to buy Mako Surgical Corp. for $1.65 billion to add technology for robot-assisted surgery. Investors in Mako will receive $30 a share from Stryker, the companies said Wednesday in a statement. The offer carries an 86 percent premium over Fort Lauderdale-based Mako's closing price Tuesday. Mako, founded
DETROIT - Covisint Corp. began trading on the Nasdaq Global Select Market on Thursday, opening at $12.77 a share, before closing at $12.31 ? the first initial public offering of a Detroit tech company since Syntel went public in 1997. The former Compuware Corp. subsidiary?s stock put up for sale represented 17.6 percent of the
SAN FRANCISCO - An illegal service that sells personal data on any U.S. resident, which can then be used for identity theft, hacked into servers at several major data aggregators including LexisNexis and Dun & Bradstreet, according to a report. The service's customers have, the report said, "spent hundreds of thousands of dollars looking up
WASHINGON DC - Several US senators are trying to clamp down on the activities of the National Security Agency through a new bill that would curb the NSA?s data gathering, which has angered privacy rights groups in the United States and foreign governments everywhere. Unveiled in Congress on Wednesday, the Intelligence Oversight and Surveillance Reform
COPEMISH ? Contractors Building Supply, which has been a provider of energy efficient windows and wind turbines for years, now has gone into the solar-panel business in a big way. On Oct. 3 CBS will host a ribbon cutting on its 15,000 square foot manufacturing plant in this Northwest Michigan community that will assemble solar
LANSING - In a decision that would draw hundreds of "likes" if posted on Facebook, the Michigan Senate has decided to open up its WiFi network to allow users access to social media sites like Facebook and Twitter and drop most other restrictions that had severely limited what sites users could visit. The Senate has
GRAND RAPIDS ? Israeli medical device start-ups will be traveling to Michigan on October 16 looking for local partners, university collaborators and private funding. The Trendlines Group in partnership with OurCrowd will be heading back to Michigan for a day-long road show that starts in Grand Rapids and finishes in Ann Arbor. ?It?s an opportunity
DETROIT ? Grand Circus, a training institute and event center in the heart of Detroit, is one of seven inaugural members of the Google for Entrepreneurs Tech Hub Network that was announced in Chicago on Wednesday. The official Detroit announcement is scheduled at the co-working center on Monday. Google for Entrepreneurs Tech Hub Network is
ANN ARBOR ? The Southeast Center for Integrated Metabolomics has been awarded a five-year, $9 million grant from the National Institutes of Health. IROA Technologies, formerly NextxGen Metabolomics, is a founding member along with the University of Florida. With the grant funding, the SECIM is developing an integrated metabolomics service to provide highquality data, user-friendly
GRAND RAPIDS ? GlobalBusinessProfessor.com, a global business education platform, is the latest technology company to partner with MITechNews.Com and the Internet Advisor as heard on WJR 760 AM in its new co-branded eNewsletter. The companies have agreed to partner on a number of marketing programs to bring each other?s services to their members and subscribers.