DETROIT - Chrysler CEO Sergio Marchionne held a marathon eight-hour press briefing yesterday and made it very clear the company has the cash, the resources and the plan to turn itself around. Chrysler says it will break even on an operating basis next year. It will break even on a net basis in 2011. By
WARREN - An annual program hosted by Corp! magazine and sponsored by MITechNews.Com honors those companies and organizations that are leading the way for Michigan's green sector. Application deadline is Nov. 6. Self-nominations are accepted. Unless otherwise noted, all information provided on the form and in supporting materials may be used by our editorial team
LANSING - Nominations for the sixth annual Michigan Celebrates Small Business recognition program for entrepreneurs and supporters of small business are now open. In addition, the applications for the Michigan 50 Companies to Watch are also being accepted. Application deadline is Nov. 9. "In years past, we?ve always held one week in reserve," said Jennifer
DETROIT - Pulitzer Prize-winning journalist and Huffington Post technology and innovations editor Jose Antonio Vargas will examine the state of professional journalism in The Brave New World of Journalism, a free public lecture at 7 p.m. Nov. 12 in the Partrich Auditorium of the Wayne State University Law School. Hosted by the Wayne State Center
DETROIT - U.S. auto sales were flat in October but the annualized sales pace was quicker than in September, bolstering confidence the industry remains headed for a slow recovery. General Motors Co. and Ford Motor Co. led the way, posting increases compared with October 2008, when sales were depressed by the financial crisis on Wall
DETROIT - In a dramatic change of course, General Motors Co. backed out of a deal to sell the company's European operations to car-parts supplier Magna International Inc., and now plans to spend billions to restructure the money-losing business itself. The decision to keep control of Opel of Germany and its British sister company Vauxhall
KALAMAZOO ? The Michigan investment climate is improving, according to a panel of private equity finance professionals who spoke Tuesday during the MichBio Expo in Kalamazoo. With such recent successful sales to much larger company ? including Ann Arbor?s HandyLab and HealthMedia ? a signal has been sent to Wall Street that Michigan indeed has
LANSING - A package of economic development reform bills that had been somewhat of a legislative ping-pong between the Michigan House and Senate earlier this year have been sent to conference committees, although no consensus on the package has been reached. Rep. Fred Miller (D-Mount Clemens), who is co-chairing the panels, said Tuesday that getting
DETROIT - When the new Detroit City Council convenes in January, a majority of the nine-member body will be new as voters ousted another incumbent in Tuesday's elections, but voters decisively re-elected Mayor Dave Bing. Voters also approved changing the election of the council to districts from the current at-large, elected a charter commission to
LANSING - All state departments will start the 2010-11 fiscal year with 20 percent less general fund money than they have for the current year under the budget proposals being developed by the administration of Gov. Jennifer Granholm. Granholm press secretary Liz Boyd confirmed Monday that the departments had been asked to figure on 20