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
SAN FRANCISCO - A global cybercime ring stole $45 million from banks around the world in a matter of hours by hacking a database of prepaid debit cards, federal prosecutors said Thursday. Seven people are in U.S. custody in connection with the case, which prosecutors said involved thousands of thefts from ATMs using bogus magnetic
AUBURN HILLS - Ralco Industries plans to build a $13.5 million, 125,000-square-foot world headquarters and manufacturing facility on 18.8 acres located along the north side of Taylor Road near Fieldstone Golf Club. Farmington Hills-based JB Donaldson Co. is the developer for Ralco Industries? new building construction. Approximately 14,000 square feet of the building will be
SAN FRANCISCO - Shortly after the Pentagon announced the Chinese government has been involved in widespread cyberespionage targeting the U.S. government and businesses, a bipartisan group of senators proposed a new law to fight cyber-theft. The law, dubbed "Deter Cyber Theft Act," was proposed Tuesday by Democrats Carl Levin and Jay Rockefeller and Republicans John
ANN ARBOR - Plymouth Management Co. announced its ninth investment from Plymouth Venture Partners Fund II, leading a financing round in 365 Retail Markets of Troy. The investment terms were not disclosed. 365 supplies hardware and software to vending operators who want to replace conventional vending banks with unmanned, small stores (SmartShop or Micro Markets),
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,
WASHINGTON, D.C - Internet2 and Ankabut, the National Research and Education Networks for the United States and the United Arab Emirates, announced Friday a formal partnership to leverage each other' advanced network infrastructures to support science and health science research, and education exchanges. "We look forward to developing this partnership with our colleagues in the
WARREN ? On Monday, General Motors showed off a new $130 million data center in Warren and the automaker said it will spend $258 million to build another in Milford ? part of GM new mantra that world-class companies own and operate their own IT, not outsource it. At a press conference during the tour,
SAN FRANCISCO - Microsoft has issued a warning that a new piece of malware masquerading as a Google Chrome extension and Firefox add-on is making the rounds, threatening to hijack Facebook accounts. First detected in Brazil, Trojan:JS/Febipos.A attempts to keep itself updated, just like normal, legitimate browser extensions, Microsoft noted in a security bulletin reported