HONG KONG - Hackers broke into the Hong Kong stock exchange news Web site today, forcing the exchange to suspend trading of seven companies, according to The Wall Street Journal. The affected companies, which included HSBC, Cathay Pacific Airways and the Hong Kong Exchanges & Clearing, which runs the bourse, had all released price-sensitive information
LANSING - Three organization representing retired workers have joined together in a brief before the Michigan Supreme Court arguing the recently enacted income tax on pensions is unconstitutional. The State Employees Retirement Association, the National Active and Retired Federal Employees Association and AARP jointly made the argument to the court in an amicus brief. The
LANSING - This past spring the likelihood the United States would fall into another recession was at 10 percent in Lawrence Yun's mind; now that estimation has grown to 30 percent. Yun, the chief economist for the National Association of Realtors, told the National Conference of State Legislatures summit the "economic weapons" to combat a
GRAND RAPIDS ? Jason James, an independent film producer from Grand Rapids, is shooting an all digital movie in West Michigan using actors from around the state. The film, to be release around Christmas, is called Dirty Bomb ? and focuses on terrorist threatening to unleash a virus that would wipe out much of mankind.
LANSING - As the national and state economy began to sputter in spring, so did the optimism Michigan residents showed a few months earlier, according to the latest results from the State of the State Survey conducted by the Institute for Public Policy and Social Research at Michigan State University. In winter, 60 percent of
ANN ARBOR ? Great Lakes Entrepreneur's Quest business-plan contest, a staple on the Michigan entrepreneurial scene for eleven years, will continue for at least three more years thanks to a $1.1 million investment by the Michigan Strategic Fund. The GLEQ award was part of the $25 million given in July to eight organizations that support
LANSING - Lt. Governor Brian Calley said Thursday that there are other ways to authorize the construction of a new bridge connecting Detroit and Windsor, Ontario, in the event the Legislature does not pass the bills the Snyder administration has proposed. "This bridge will happen. There's a lot of ways the bridge can happen," he
LANSING - President Barack Obama will be in Holland on August 11 to visit the Johnson Controls Incorporated advanced battery facility, the White House announced Thursday. The goal of the tour, officials said, is to highlight the technology that could allow automobile manufacturers to meet new fuel economy standards. Obama will also focus on the
DETROIT - The Southeast Michigan Purchasing Managers Index (PMI) dropped in July to 51.7, suggesting the start of an economic slowdown in Southeast Michigan. An index number above 50 indicates growth in the economy, but the growth rate declined each of the past five months. Wayne State University School of Business Administration faculty members and
DETROIT ? MITechNews.Com Editor Mike Brennan will be a guest Saturday at 4:15 pm on WJR Newsradio 760AM to discuss his new cyber crime novella, Cyber Styletto, which paints a startling picture of the cyber war raging on the Internet today. Brennan will be joined in the segment by Richard Stiennon, a noted cyber security