WHITMORE LAKE - RheTech has reached an agreement to be acquired by HEXPOL, a Swedish-based polymers group. The acquisition is expected to be completed in early 2015 after regulatory approvals. Terms were not disclosed. ?This is excellent news for RheTech,? said John Levinson, president and chief executive officer. HEXPOL is already a leading worldwide compounder
ANN ARBOR - Consumer confidence reached its most favorable level in the December 2014 survey since the last cyclical peak was set in January 2007, according to the Thomson Reuters/University of Michigan Surveys of Consumers. Conducted by the U-M Institute for Social Research since 1946, the Surveys monitor consumer attitudes and expectations. The gains over
ANN ARBOR - Toyota announced it is planning another expansion of its Southeast Michigan R&D campuses, with a total investment of $126 million in Ann Arbor and York Township. This marks the third time in just over a year that Toyota has announced plans to increase employment and investment in Michigan. Toyota will expand its
LANSING - The Michigan Council for Arts and Cultural Affairs this week approved 422 grants, located in 55 counties, totaling nearly $9.7 million in awards. These grants represented awards in the Artist in Education ? Residencies, Capital Improvement, Program for Operational and Projects Support, the Regional Regranting program and the Services to the Field program.
DETROIT - As the New Year quickly approaches, it?s not hard to spend more time than usual thinking about self-improvement. There?s no doubt that having clean, straight teeth helps us look more professional in the business world. If you?re thinking about straightening your teeth, there?s one Dentist in Metro Detroit who?s leading the industry with
DETROIT - Mike Finney says his new position in Gov. Rick Snyder?s office as senior adviser for economic growth is the best possible outcome for his search for what to do after stepping down as president and CEO of the Michigan Economic Development Corp. In a story in Crain?s Detroit, Finney said he had decided
SOUTHFIELD - The online graduate school guide Best Master?s Programs has ranked Lawrence Technological University 18th in the top 50 nationwide for online master?s degrees in engineering. The rankings, which can be viewed at www.bestmastersprograms.org, are based on an equal weight of program quality, as measured by U.S. News & World Report, and estimated program
LANSING ? The Michigan Strategic Fund has approved $12.5 million in Community Development Block Grant funds for the City of Coldwater that will support the construction of a $255.7 million Clemens Food Group pork processing facility, the biggest of the eight projects funded Tuesday that will generate more than $463 million in new capital investment
LANSING - Governor Rick Snyder and Senate Majority Leader Randy Richardville on Monday offered a different assessment from Michigan House Speaker Jase Bolger's continued claims that others in the room discussing a solution to the state's $1.2 billion road funding problem have shown little interest in finding a compromise. The development is the latest in
EGHAM, United Kingdom ? As if further evidence was needed to demonstrate the market acceptance of smartphones, worldwide sales to consumers in the third quarter of 2014 grew by 20.3 percent to 301 million units, while sales of more conventional mobile phones were flat, a news survey from Gartner reports. ?Sales of feature phones declined