LANSING ? Gov.-elect Rick Snyder has said he wants to see state employee wages both in line with the private sector and affordable, but he will have to sort through some conflicting information in determining what that level is. Snyder, at a Republican Governors Association meeting this week, said he wants to work with state
ANN ARBOR - While the nation's economy will gain some momentum in the second half of next year, it will take until 2012 before unemployment finally begins to subside, say economists at the University of Michigan. After losing more than 8 million payroll jobs from the end of 2007 to the end of 2009?the highest
ANN ARBOR - After losing nearly 850,000 jobs since 2000, the Michigan economy will gain jobs next year for the first time in more than a decade, say economists at the University of Michigan. "It is our sense that we are now approaching the turning point from negative to positive net job creation," said George
ANN ARBOR - The Great Recession may have technically ended with gross domestic product growing again, but consumer attitudes and expectations remain at such historically low levels that the current economic situation still resembles a recession, one of the nation's leading experts on consumer economic sentiment said Thursday. Unlike the 1990-91 and 2001 recessions, the
ANN ARBOR - Government assistance to General Motors and Chrysler enabled orderly bankruptcy proceedings and led to the saving of more than 1.14 million jobs in 2009 alone, according to a new study from the Center for Automotive Research. The research also showed the bailout averted huge unemployment and welfare payments and as a result
NEW YORK - Though recent reports suggest retailers are optimistic about holiday sales and expect to see better year-over-year results, shoppers disagree and are planning to be more frugal than they were last year when it comes to holiday spending, according to a survey released today by global business-advisory firm AlixPartners LLP. The survey of
SAN FRANCISCO - With a new survey finding that half of the people polled plan to shop online for the holidays, security company Webroot offers some tips and tricks for staying safe in cyberspace. Among the more than 2,660 consumers surveyed in the U.S., the U.K., and Australia by Webroot, 55 percent said they do
WASHINGTON DC - A report delivered Thursday to Congress by a commission on U.S.-Chinese relations is pointing the finger at the Chinese government for continued hacking attempts and computer exploits. "Recent high-profile, China-based computer exploitations continue to suggest some level of state support, CNET News.Com reported. Indicators include the massive scale of these exploitations and
NEW YORK - Gains in General Motors Co.'s shares Thursday allayed concerns that the revitalized car company had priced the shares too high in its initial public offering a day earlier. The shares were ahead 3.6 percent at $34.19 in 4 p.m. composite trading on the New York Stock Exchange, after opening at $35, a
TROY - Join hundreds of Michigan business leaders, entrepreneurs, organizations and top growth companies from Michigan's emerging sectors Nov. 17 as they gather for a day of peer-to-peer networking, keynote presentations, informative break-out sessions at the Michigan Emerging 2010 Conference. Michigan Emerging, once known as the Celebrate Michigan Expo, is being produced by Arzika in