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Esperion Goes Public – Again – And Raises $70 Million On Wall Street

PLYMOUTH ? Esperion went public again on Wednesday, the second time since 2004, and raised $70 million on Wall Street. The shares began trading on the Nasdaq Global Market under the symbol ESPR. The Michigan pharma company, developing and commercializing oral treatments for reducing bad cholesterol, closed on the second day where it started, at

By |2013-06-27T00:00:00-04:00June 27th, 2013|Archive, Entrepreneur Corner|

Adware Becomes Big Security Issue For Androids

SAN FRANCISCO - Adware has become a somewhat concerning issue on Android, a new study from security firm Lookout has discovered. According to the security company, over the last year alone, over 1 million American Android users have unknowingly downloaded adware. What's worse, 6.5 percent of the free applications available in the Google Play marketplace

By |2013-06-27T00:00:00-04:00June 27th, 2013|Archive, Cyber Defense|

Billhighway Welcomes New Client – Cole County Residential Services

TROY - Billhighway, which provides cloud-based financial management solutions for nonprofits, has added a new client, Cole County Residential Services, which will use the tool for a new mobile funding effort. CCRSI, a county-based agency located in Jefferson City, Missouri, was formed to provide services and funds to support persons with developmental disabilities. The agency

By |2013-06-27T00:00:00-04:00June 27th, 2013|Announcements/New Products, Archive|

U-M Library Receives $1.25 Million Grant To Endow Conservation Librarian Job

ANN ARBOR - The University of Michigan Library has received a $1.25 million grant from the Andrew W. Mellon Foundation to create an endowed Conservation Librarian position. This new position will enable the library to expand its well-established conservation program, which plays a vital role in ensuring that the library's vast print collection is available

By |2013-06-26T00:00:00-04:00June 26th, 2013|Announcements/New Products, Archive|

MEDC Awards Tax Breaks To Six Communities To Create Jobs

LANSING - The Michigan Economic Development Corporation Wednesday announced state incentives for six community redevelopment projects that are projected to total more than $82.2 million in private investment and 213 new, direct jobs in Michigan. In addition, the board approved a 2013 Early Stage Funding Request for Proposals to solicit applications from nonprofit organizations that

By |2013-06-26T00:00:00-04:00June 26th, 2013|Archive, Events/Announcements|

Altair Upgrades Tech Package For Design, Analysis Of Vehicle Powertrains

TROY - Altair announced the release of an upgraded technology package that brings together all the tools that engineers require for the complete design and analysis of vehicle powertrains. Altair revealed that SimLab 12.0, a software tool created specifically as a pre-processor for detailed computer models of complex powertrains, has been released as part of

By |2013-06-26T00:00:00-04:00June 26th, 2013|Announcements/New Products, Archive|

Michigan Environmentalists Praise President Obama’s Climate Change Speech

LANSING - Following President Barack Obama's speech on climate change, leading environmentalists in Michigan hailed his proposals Wednesday, especially the new restrictions on carbon emissions from power plants. "The president called for first ever limits on carbon pollution from new and existing power plants," according to Wibke Heymach, Michigan state field organizer for Moms Clean

By |2013-06-26T00:00:00-04:00June 26th, 2013|Archive, Events/Announcements|

ITC Holdings Prices $550 Million Debt Offering

NOVI - ITC Holdings Corp. Wednesday announced that it has priced an underwritten public offering of $550 million aggregate principal amount of senior unsecured notes. The notes include $250 million aggregate principal amount of 4.05 percent senior notes due 2023 and $300 million aggregate principal amount of 5.30 percent senior notes due 2043. ITC expects

By |2013-06-26T00:00:00-04:00June 26th, 2013|Archive, Events/Announcements|