SAN JOSE - Intel plans to buy security company McAfee for $7.68 billion. The chipmaker said Thursday it has entered into a definitive agreement to buy all of McAfee's common stock at $48 per share in cash. McAfee's stock closed Wednesday at $29.93, making Intel's offer a 60 percent premium. The boards of both companies
AUBURN HILLS - Plex Systems announced its sponsorship at the Precision Metalforming Association's inaugural Marketing and Sales conference, August 26-27 in Chicago. Plex Systems will also be exhibiting at the conference. PMA is a full-service trade association representing the $113 billion metal forming industry of North America - the industry that creates precision metal products
BIRMINGHAM - Some deals just don't make sense. Some have underlying motivations that are not immediately apparent. Intel's announced intention to acquire McAfee for $7.68 billion is a deal that does not make sense no matter what perspective you take. Technology acquisition. One argument put forth by analysts so far is that by acquiring a
NOVI - ITCTransmission Thursday received approval from the Midwest Independent Transmission System Operator for the Thumb Loop high-voltage electric transmission line project. The project will serve as the "backbone" of a transmission system designed to deliver wind power from Michigan's "Thumb" area to locations where it is needed. The proposed system consists of approximately 140
SAN FRANCSICO - There was something very much in the vein of Utopian science-fiction fantasies to Facebook's announcement of "Places," its location-based "check-in" product that it launched on Wednesday night. In short, Facebook not only wants to be the digital sovereignty toward which all other geolocation apps direct their figurative roads, it also wants to
DETROIT - The U.S. Small Business Administration, Michigan Small Business & Technology Development Center, Procurement Technical Assistance Center, Huntington Bank and other cosponsors are teaming up to provide a procurement matchmaking event for small business owners who are seeking to expand their business with government agencies. This half-day event will be held at Schoolcraft College,
AUBURN HILLS - Learn how to cut your energy costs, improve your ecological footprint, reduce waste, increase business equity, improve building performance, enhance your image, increase productivity, and much more. This fast-paced seminar will provide commercial building managers and tenants, who are interested in implementing energy conservation measures and renewable energy systems, the information and
WASHINGTON ? Perry Mehta, President of FutureNet Group of Detroit, was named the Region V Minority Business Person of the Year by the U.S. Small Business Administration. He and the other nine regional winners will be honored during National Minority Enterprise Development Week conference Aug. 25-27 in Washington. During the mentor-prot�g� conference, small business owners
FLINT - Kettering University on Thursday unveiled Flint's first biomethane fuel truck ? a converted 2500HD Chevy Silverado to run on dual-fuel system. The vehicle can be powered by biomethane gas, a renewable alternative fuel that will be produced at the new biomethane plant in Flint. To accomplish this dual-fuel use, Kettering called on one
ANN ARBOR ? A press conference on Aug. 24 at the Michigan Information Technology Center will announce that Merit Network, Michigan State University, and Bloomingdale Communications have won more than $80 Million in Broadband and Computing Stimulus Grants for rural Michigan. Merit Network will receive $69.6 million from ARRA to construct over 1,000 miles of