NOVI - Fortis Inc., Canada’s largest utility owner, has agreed to sell a 19.9 percent stake in ITC Holdings Corp. to Singapore’s sovereign wealth fund GIC Pte for $1.23 billion in cash, in a complicated transaction that allows Fortis to complete its $6.9 billion acquisition of the Michigan utility transmission company. The transaction, one of
MINNEAPOLIS - A recent study sponsored by the National Wildlife Federation has left the wrong impression on what could happen on our Great Lakes. This study, conducted by the University of Michigan on behalf of the NWF, used a computer model to predict the environmental impacts of a worst-case oil spill by Line 5 in
AUBURN HILLS - The Macomb-Oakland University INCubator has added three new companies to its Executives-In-Residence program that allows commercialization clients to get 16 hours of consulting each month for free. The new consultants are Hunch Free, El Shaddai and Barnard will be located on site at Mac-OU INC. "It is an honor to be selected
DETROIT - Tech-savvy students from high schools and universities across metro Detroit and Windsor will convene on the Wayne State University campus in May for a 24-hour hackathon to write web-based software, create mobile apps or design computer programs addressing a need or innovation of their choice. HackWSU, hosted by WSU’s Blackstone LaunchPad student entrepreneurship
EAST LANSING - Managed services provider Trivalent Group, already a major player on the West side of Michigan, added central Michigan to its footprint on Wednesday when President and CEO Larry Andrus announced the acquisition of KI Technology Group. Terms were not announced. But Andrus said the acquisition of the East Lansing managed services company,
SOUTHFIELD - P3 Automotive, a global consulting, engineering and testing services company, christened its new Mobility Innovation Center on Wednesday at which the company announced plans to hire 100 more employees by year’s end. P3 already employs more than 120 people in Michigan, up 60 percent from the beginning of 2015. The company has more
SOUTHFIELD - Mike Brennan, MITechNews.Com Editor & Publisher, and Matt Roush, News Director at Lawrence Technological University, were featured on Comcast’s Newsmaker interview series. Brennan and Roush are the co-hosts of M2 (Squared) TechCast that airs live every Monday at 3 pm on the Podcast Detroit Network. Brennan talked about MITechNews.Com and all the changes
FERNDALE - Episode 140 Of ITInTheD featured some great conversations about machine learning, security, the metro Detroit area, how Detroit stacks up…and doesn’t…against other cities around the area. Where Detroit is falling down, even in the midst of the resurgence underway, and what absolutely, positively has to change if things are every going to really
SOUTHFIELD - University of Michigan Professor Karl Daubmann has been named dean of the College of Architecture and Design at Lawrence Technological University. His appointment concludes a nationwide search and will be effective July 1. Daubmann succeeds Glen LeRoy, who resigned last fall to accept the presidency of Boston Architectural College. LTU’s College of Architecture
HOLLAND - Boxed Water wants to celebrate Earth Day on April 22 by launching a partnership with the National Forest Foundation to plant more than 200,000 trees in 2016. Boxed Water is an eco-friendly alternative to water packaged in plastic. ReTree, a Boxed Water-NFF partnership, has a five-year goal of planting one million trees by
