LANSING - The gap between the state's poorest households and richest has again increased, a national study by the Center on Budget and Policy Priorities and the Economic Policy Institute shows, and Michigan residents have generally fared worse than higher-income households since the late 1970s. While incomes for the richest fifth of households grew nearly
ANN ARBOR - Michigan's residents should continue to see modest but steady economic growth over the next two years that will lead to job growth, lower unemployment rates, a larger automotive market and modestly improved state finances, an economist forecast on Friday. Still, even with two additional years of growth, Michigan will be a long
DETROIT - Algal Scientific Corp., creator of an algae-based technology for animal food supplements, won the top prize of $500,000 at the third annual Accelerate Michigan Innovation Competition, part of $1 million in prizes handed out Thursday night. Algal Scientific survived three days of pitches and presentations by 50 early stage companies as well as
LANSING - Sean Chess of Coldwater has been named the winner of the Pure Michigan Moments Photo Contest. Chess' photo of the St. Joseph North Pier Lighthouse will be featured in the 2013 Pure Michigan Travel Guide. ?Sean?s photo represents the natural beauty and incredible destinations Michigan has to offer and was one of the
SAN FRANCISCO - The VoIP provider has removed its password reset page to deal with a security hole that lets someone take control of another person's account. Skype is investigating a security problem that allows someone to take over a user's account by resetting the account password, CNET News.Com reported. The VoIP service provider best
LIVONIA - Harvard Drug Group landed a one-year contract modification worth up to $53.5 million from the U.S. Defense Logistics Agency, just days after closing on a $117 million product line acquisition. Harvard makes generics and over-the-counter drugs. The company has been a government contractor for more than 20 years and a supplier to the
SAN FRANCISCO - In its 2012 report, the U.S.-China Economic and Security Review Commission urges Congress to fully investigate China's cyber-espionage campaigns. Congress needs to take action to deflect the growing threat of Chinese cyber-espionage against the U.S., a U.S. commission recommends in a new report, CNET News.Com reported. Released today, the 500-page annual report
GRANDVILLE - Trivalent Group announced that its internal review team has narrowed 52 nonprofit applicants to 20 semi-finalists in the first stage of CompassionIT, a philanthropic initiative that will provide $30,000 in free technology equipment and Trivalent Group services to a Michigan nonprofit. The five finalists will be announced on Dec. 3 with a final
DETROIT ? Chrysler plans to hire 1,250 workers and invest $240 million at three Michigan factories so it can increase production of its engines and pickups. ?Today is another important milestone in living up to the commitment we made more than three and a half years ago to our employees, this city, this region and
NOVI - ITC Holdings Corp. has appointed former General Motors Vice Chairman Thomas Stephens to its board as an independent member, filling a vacant position on the company's 10-member board. Stephens is retired vice chairman and global chief technology officer of GM. He was a member of GM?s executive committee and reported to CEO Daniel