DETROIT- The Southeast Michigan Purchasing Managers Index remained stable in December, dipping only one-tenth of a point to 51.8 from 51.9 in November. PMI index values above 50 generally suggest an expanding economy. ?The Southeast Michigan PMI has maintained a value over 50 for 33 of the past 34 months, indicating a steady strengthening of
LANSING - Food and animal safety products developer Neogen Corp. announced Thursday that it has acquired the assets of Scidera Genomics, LLC, an animal genomics business based in Davis, California. The company, formerly operated as MetaMorphix, Inc., or MMI Genomics, was a pioneer in the development of cattle, poultry, swine, and canine genetic testing. Scidera?s
PLYMOUTH - Tim Mayleben, the CFO of the original drug developer Esperion, has rejoined Esperion Therapeutics as president and CEO. Mayleben was a partner in Esperion when it was purchased in February 2004 by Pfizer for $1.3 billion. Roger Newton, who is the founder of Esperion, bought the company back from Pfizer several years ago.
GRAND RAPIDS ? Grand Rapids area native Nick Sarnicola, who has built a fortune through his direct sales weight loss company ViSalus, has pledged $1 million to his Sarnicola Foundation to support other young entrepreneurs. Sarnicola, 33, grew up in a blue collar family in Wyoming, a Grand Rapids suburb, and was exposed to entrepreneurship
DETROIT - Title Source Inc., a national title and closing services agency that relocated its headquarters to Detroit from Troy last summer, announced plans Thursday to hire 375 employees for its Detroit office by March. Last year, the company moved 1,100 employees to the First National Building, as part of an overall plan to have
LANSING - The current 2012-13 fiscal year is expected to have much slower revenue growth than the one the state just concluded, and while that is expected to keep the books balanced, it could spell problems for future fiscal year budgets, the Senate Fiscal Agency said in a report released Thursday. "It's not like we're
LANSING - More of the state would be reachable via trails and those trails would be better maintained under a plan released Thursday by the Department of Natural Resources for public comment. The five-year plan calls for extensions of and improvements to existing trails as well as creation of new trails to serve both non-motorized
LANSING - Former Governor Jennifer Granholm says she will return to teaching, speaking and other activities after the announcement her show, "The War Room," would be cancelled following the sale of Current TV to Al Jazeera. "My agreement with Current was for the duration of the election (and the sale)," Ms. Granholm said in a
BEIJING, China ? China will now require all citizens to use their real names when signing up for an Internet account and force Internet providers to delete posts deemed illegal. A decision approved today by the Standing Committee of the National People's Congress institutes an "identity management policy," according to China's official Xinhua news agency,
AUBURN HILLS - Chrysler Group Thursday reported its best December sales since 2007 with 152,367 units, up 10 percent from the same month a year ago. The Chrysler, Dodge, Ram Truck and FIAT brands each posted year-over-year sales gains in December compared with the same month last year. The FIAT brand?s 59 percent increase was