AUBURN HILLS - Solar panel maker Energy Conversion Devices on Tuesday filed with the U.S. Securities and Exchange Commission an announcement of a huge loss for its third fiscal quarter ended March 31 and the resignation of president and CEO Mark Morelli. The company also is laying off 300 employees, most in Michigan. ECD said
LANSING - The Department of Environmental Quality will be required to complete process improvement of major programs under HB 4016 , and state departments responsible for routine inspections would be directed to randomly select persons or companies for performing inspections under HB 4017. Both bills were unanimously reported Wednesday from the House Regulatory Reform Committee.
HOLLAND A company that has developed a new way of manufacturing windmill blades was awarded the first "Reinventing Michigan" award by Governor Rick Snyder on Wednesday. At a ceremony at Energetx Composites LLC, Snyder said the firm was an example of the innovative corporate spirit the state needed to foster to rebuild itself. The company
SOUTHFIELD ? They say the first signs of economic recovery are when businesses begin to spend money again on public relations and advertising. Then the announcement that Airfoil Public Relations has hired nine new employees and plans to hire more could be further proof the prolonged recession in Michigan is indeed waning. Airfoil co-founder and
DETROIT ? The 2011 Moneywise Empowerment Tour, providing seminars that teach financial literacy and entrepreneurial skills, come to Detroit May 28 at Greater Christ Baptist Church. The day-long Moneywise Empowerment seminars cover a diverse array of subjects, including starting and growing a business, financial planning, investing and retirement options. SBA resource partners will participate in
LANSING ? Lansing ISSA will host the second annual Netwars Challenge Saturday at Michigan State University. Continuing education credits and prizes, including a laptop computer and a Motorola Xoom WiFi tablet, are the door prizes. The event will first instruct users and present materials on how to exploit system vulnerabilities. Then a hands-on event will
LANSING - The Michigan Economic Development Corporation is hosting a series of Community Development Workshops covering Community Assistance and Community Development Block Grant training at eight locations around the state between May and October. ?This is a golden opportunity for economic developers and local officials to learn about all the tools available to facilitate strong
YPSILANTI ? When University of Michigan Business Professor David Brophy started the Michigan Growth Capital Symposium in 1980, he only figured it would run a couple of years. This week, Brophy celebrated the 30th edition of what has become the grand daddy of all American investment conferences. On May 10-11, 41 companies ?pitched? venture capital
LANSING - The most sweeping overhaul of state taxes in a generation overcame its most difficult obstacle Thursday when the Senate, despite great reluctance among several of members of the Republican majority, scrounged up the votes to pass the legislation. Two hours later, the House concurred in the Senate version of the bill, sending it
LANSING - Two environmental organizations have filed a lawsuit against the Department of Environmental Quality, charging it violated state rules when it issued an air pollution permit for the expansion of a Holland coal-fired power plant. In the suit, the Sierra Club and the Natural Resources Defense Fund charged that the then Department of Natural