MOUNTAIN VIEW, Ca. - eBay announced Tuesday that it is selling its Skype unit to an investor group that includes Netscape founder Marc Andreessen's new venture. Under the deal, eBay will receive approximately $1.9 billion in cash and a note from the buyer in the principal amount of $125 million, for a total of $2.025
LANSING - Although economic conditions in Michigan are not as bad as they were even a few months ago, more residents see their situation declining, according to the most recent State of the State Survey. The majority of Michigan residents are worse off now than they were a year ago, but that number is smaller
LANSING - Gov. Jennifer Granholm gave state employee unions 30 days notice Friday of possible layoffs due to the lack of a completed budget for the 2009-10 fiscal year that starts October 1. Although the governor's office stressed that it was only following contractual obligation in notifying employees of layoffs and has no plans of
LANSING - Top U.S. administration officials, along with Wisconsin Governor Jim Doyle, will join Gov. Jennifer Granholm in Saginaw on Wednesday to discuss details of President Barack Obama's proposals to develop new energy policies. U.S. Commerce Secretary Gary Locke will join Granholm and Doyle on Wednesday at the Dow Event Center, as will Ed Montgomery,
LANSING - Two Democratic lawmakers in the Michigan House will be introducing legislation this week that would provide free tuition to colleges and universities for Michigan high school graduates paid for by a 1.15 percent hike in the income tax rate. Rep. Alma Wheeler Smith (D-Salem Twp.), a candidate for governor, and Rep. Rebekah Warren
AUBURN HILLS - Dassault Systemes and Oakland University announced Thursday a partnership in the university's four-week post graduate program, called PLM Workforce Development Short Course ,aimed primarily at displaced engineers. The intensive four-week course offered by the School of Engineering and Computer Science integrates business and engineering expertise. Students will be fully immersed in PLM,
ANN ARBOR - If you're one of the 100,000 plus fans that converge on the University of Michigan Stadium on a football Saturday who have been frustrated by cell phones that can't find a signal, Verizon Wireless says they have you covered. Starting in September, Verizon will ride to the rescue with a COLT (cell
DETROIT - This soap opera over what's going on at Opel keeps getting more and more interesting. Now, General Motors says it may not sell Opel, and will try to raise $4 billion on its own to keep it, by mortgaging its assets in China. This, of course, is going to further anger the German
LOS ANGELES - Sony Corp., hoping to steal some of Amazon.com Inc.'s thunder in the electronic-book market, unveiled a wireless reader that could be the strongest competitor to Amazon's Kindle this holiday season. Priced at $399, the Sony Reader Daily Edition is $100 more expensive than the entry-level Kindle, but one-ups the market leader with
BURLINGAME, CALIF. - Amazon announced on Wednesday two new security features for its Amazon Web Services aimed at luring new enterprise business. The big news is a feature called Amazon Virtual Private Cloud, or Amazon VPC, which enables businesses to connect to Amazon's flexible AWS resources using an industry-standard virtual private network connection. Amazon also