OAK PARK ? Azure Dynamics, which makes hybrid electric truck powertrains, continues to lose money, but also is posting record orders in the first quarter ended March 31. The company?s first quarter revenue was just $1.4 million, down from $2.8 million a year earlier. And its loss jumped to $9.1 million or 1 cent a
BIRMINGHAM - I remember the first time the executive team of one of the Big Three Anti-Virus vendors explained to me their mobile strategy. It was the new consumer gold mine they were going to tap. "There are over 100 million smart phones and some day mobile devices will outpace all other platforms!" they would
DETROIT - Verizon Wireless launches the world's first large-scale 4G Long Term Evolution network in Lansing and Flint June 16). The new network offers speeds up to 10 times faster than the company's 3G network. In Lansing, the new network covers nearly 1,200 square miles and approximately 330,000 people and is bordered by the following
SALINE - Latitude Learning announced that Learning Designs Inc. has joined the community of training company partners using LatitudeLearning.com to serve its customers. Latitude Learning hosts training programs on behalf of partner companies at LatitudeLearning.com. Initially built for global Fortune 50 companies, the Latitude Learning LMS is an adaptable and affordable learning management system that
ANN ARBOR - Proposed increase in the Corporate Average Fuel Economy (CAFE) from 35.5 mpg in 2016 to 62 mpg in 2025 will increase vehicle prices that exceed the savings in fuel costs, a new study from The Center for Automotive Research contends. The study focused on the impact of anticipated fuel economy and safety
LANSING - An amended version of SB 351 would allow Michigan to use a portion of the sales tax collected on gasoline and diesel fuel to obtain matching federal highway funds and devote money to state and local roads. In its original form, the bill would have siphoned off the portion of the 6 percent
LANSING - A little-known provision in the emergency 911 law would have a financial, structural and possible legal impact on every college campus, business, hospital, school district, governmental unit, nonprofit organization and any other entity in the state with a hard-wired telephone system if its implementation isn't delayed beyond the December 31 deadline. Testimony given
LANSING - Governor Rick Snyder and the state's top financial officials were in New York City on Monday meeting with the three rating agencies in an effort to improve Michigan's bond rating. Snyder, along with Treasurer Andy Dillon and Budget Director John Nixon, flew to New York Monday morning on a state plane to meet
ANN ARBOR - NanoBio Corporation Tuesday announced that George Arida, managing director at Venture Investors LLC, has been appointed to the Company's Board of Directors. Venture Investors is an investment firm that provides funding to healthcare and technology companies in the Midwest. Arida has a proven track record of identifying emerging healthcare companies and guiding
ANN ARBOR - Online Tech announced today that it has achieved SSAE 16 Type II certification for its Ann Arbor and Mid-Michigan data centers. SSAE 16 is the 2nd generation data center audit standard that is replacing the older SAS 70 audit standard. UHY LLP has completed its SSAE 16 audit on both data centers