BRIGHTON - FlexDex Surgical has completed a $5 million Series B financing round that will be used to commercialize the company’s first product, fund development of a second-generation device and a create a catalogue of instruments for laparoscopic surgery. Financing was led by current investors and included the co-founders, board members, individual investors and distributors.
BENTON HARBOR - Samsung and LG, two South Korean manufacturers of clothes washers, have been found guilty of dumping their products in the United States at prices below production costs to steal business from Whirlpool Corp. A preliminary antidumping ruling was issued Thursday by the U.S. Department of Commerce confirming Whirlpool's allegations against Samsung and
DETROIT - The DTX Launch Detroit teams have been working hard for the past 10 weeks, and now is their time to shine! Come see these entrepreneurs Aug. 4 at TechTown pitch their business ideas to a panel of experts—and to the public. The teams will go public with their concepts and the public will
DETROIT - Comcast Thursday announced Michigan will be one of five states where it offers pay-as-you-go plans for Xfinity TV and Internet services, as well as prepaid wireless plans. Both will let people who do not have checking or savings accounts to pay for these digital services as needed. The offers are only available for
SOUTHFIELD – Connected vehicles must be designed and manufactured with security in mind, warns a report released Thursday that offers ways in which the auto industry can protect itself from hackers. The report, researched over five months by more than 50 auto cybersecurity experts, was released by the Automotive Information Sharing and Analysis Center based
DETROIT - Safety, rather than the rush to be first to market, must be fundamental to the development of autonomous vehicle technology, according to U.S. Transportation Secretary Anthony Foxx. The government will move ahead with plans to release new guidelines covering the development of self-driving vehicles later this summer, Foxx said during a speech in
EAST LANSING - Michigan State University and Marathon Petroleum Corp. celebrated a new partnership and a $150,000 commitment for underrepresented and underprepared students in Science, Technology, Engineering, and Mathematics. Marathon Petroleum’s support will strengthen the Engineering and Science Success Academy (ESSA) at MSU – a seven-week residential program administered by the Diversity Programs Office in
DETROIT - AT&T Inc. said it is now covering more of several areas of Michigan with improved 4G LTE service through more than 30 new cell towers. AT&T says it invested more than $60 million in its wireless and wired networks in Michigan between 2013 through 2015, driving a wide range of upgrades to reliability,
TROY - Lean & Green Michigan, the Detroit-based energy efficiency financial consultant, announced that Troy-based Heller Machine Tools has become the first manufacturing company in Michigan to use PACE financing to pay for a complete energy retrofit. Heller is working with the Detroit energy efficiency consultant Levin Energy Partners LLC, Troy-based ABM Facility Services, and
LANSING — The Michigan Strategic Fund has offered Mitchell Plastics a $427,000 Michigan Business Development Program performance-based grant to support a new plant in Sterling Heights that will create 122 jobs. The 200,000-square-foot plant represents a total investment of more than $20.5 million. Michigan ranks first in new automotive-related jobs since 2009 with an increase
