LANSING - Both Michigan and the national economy are growing, but growth will be very slow, economists said at the Revenue Estimating Conference on Friday, and it could still be another decade before the state recovers to the point it was in 2000. And there are still major potential threats that face the economy as
FARMINGTON HILLS ? To show you just how tough times are in Michigan these days, a survey shows that 95 percent of respondents could not easily pay an unexpected repair bill of $1,500, while 41 percent reported they have been harassed by debt collectors in the previous 90 days. "While we were surprised at some
ANN ARBOR - The Venture Michigan Fund II, Limited Partnership announced Tuesday that it has launched a new $120 million fund to invest in high quality venture capital funds committed to investing in Michigan based high technology companies. VMF II will invest in venture capital funds targeting seed and early stage capital Michigan companies in
DETROIT - Peter Karmanos Jr., CEO and chairman of Compuware, reportedly will step down in early 2013, but he might relinquish the CEO title to Compuware President Robert Paul later this year. In an interview in the Detroit Free Press, Karmanos, 67, said he believes the company is on a roll that could nearly triple
LANSING ? Ann Arbor's presence in Lansing continues to grow as two senior Ann Arbor executives have joined the Michigan Economic Development Corp. Former SPARK marketing and communications vice president Elizabeth Parkinson has a similar role at MEDC, while Donald Snider, former CEO of Walden Foods, has been named MEDC senior vice president urban economic
LANSING - Michigan small businesses seeking to grow will be more likely to qualify for loans even in the face of an ongoing credit crunch thanks to an infusion of cash from the federal government that will bolster the state's small business lending program. The federal funds will be made available through the State Small
DETROIT - Thanks to the new MyFord Mobile app introduced exclusively with the all-new Ford Focus Electric owners can plug in and walk away from their vehicles while staying connected. The technology is on display at the North American International Auto Show. It may be a harbinger of things to come in the automotive industry,
DETROIT - Bongiovi Acoustics and Johnson Controls are taking car audio to higher highs and deeper lows than ever before with the incorporation of Bongiovi Acoustics' DPS technology, and a completely new speakerless design that offers many advantages over conventional in-car audio designs. The technology is on display at the North American International Auto Show.
DETROIT - Former General Motors Vice Chairman Robert Lutz said in an interview at the North American Auto Show that Michigan Gov. Rick Snyder appears to understand the importance of auto manufacturing in Michigan. Lutz, speaking with MITechNews.Com Editor Mike Brennan, said his take on Snyder, the former CEO of Gateway computers and a long-time
DETROIT ? CNET News.Com's car tech editors spent two days this week at the North American International Auto Show to report the latest in electric vehicles, concept cars, hybrids and more. To get the CNET News.Com take on these vehicles, click on CNET News.Com a>>