DETROIT - The 54-page "Crossing Agreement" that sets up the authority overseeing the construction of the new bridge between Detroit and Windsor, Ontario, goes to great pains to emphasize that Michigan will bear no costs for the project. One example is Article X. "The Michigan Parties shall not be required to fund any International Crossing
DETROIT ? TechTown's biggest tenant, Asterand, the human tissue business, has reached agreement to be sold to Stemgent, a Massachusetts-based biotech company, for $9 million, the amount that Asterand is in debt. What is not known is if Asterand will remain at TechTown. But TechTown CEO Leslie Smith is in talks with the company about
HOLLAND ? More than two-thirds of west Michigan companies adding information technology positions need mid-level applications staff, such as analysts, programmers, and web developers, a new employment survey predicts. Many companies have multiple openings. Half the companies are looking for senior workers and a third can use junior employees. There is a slight decrease in
EAST LANSING ? Mitostem, which focuses on developing and commercializing novel technologies to advance stem cell research, won the $100,000 SmartZone Award Tuesday night at the Great Lakes Entrepreneurs Quest business-plan competition. While a company that treats wastewater from the food and beverage industry and transforms it into high value algal biomass for animal feed
LANSING - More than eight years after the idea of constructing a new bridge between Detroit and Windsor, Ontario, first began to see serious movement and after many months of top-secret negotiations, Michigan and Canada are ready to announce an interlocal agreement to authorize the new span. A source knowledgeable of the deal said Governor
SOUTHFIELD ? Lithium-ion battery maker A123 Systems plans to hire up to 400 people this year at its two Michigan factories in Livonia and Romulus. A123 spokesman Dan Borgasano said the company plans to hire about 100 workers a month over the next four months. ?They are mostly manufacturing positions, operators, things like that,? Borgasano
NEW YORK - The United Nations is considering a new Internet tax targeting the largest Web content providers, including Google, Facebook, Apple, and Netflix, that could cripple their ability to reach users in developing nations. The European proposal, offered for debate at a December meeting of a U.N. agency called the International Telecommunication Union, would
LANSING - The Michigan Economic Development Corporation announced that MAHLE Industries, an automotive and engine component manufacturers, is investing $11 million to expand its technical headquarters in Farmington Hills. It is expected that by early 2013 there will be over 350 employees there. ?MAHLE is an important player in our automotive supply chain with roughly
LANSING ? The Michigan Film Office announced an untitled tornado feature film project has been approved for a film incentive from the state. The project, to be shot in Southeast Michigan, will create the equivalent of 170 full-time jobs. The super tornado movie is expected to shoot in metro Detroit and at Michigan Motion Picture
SAN FRANCISCO - Francisco Partners Wednesday announced the pending acquisition of Plex Systems from a group of shareholders, including Apax Partners. Auburn Hills-based Plex provides cloud ERP software for manufacturers. Plex Systems? flagship product, Plex Online, is a ?shop floor to top floor? solution providing deep functionality for virtually every department within quality-driven manufacturers. The