MACKINAC ISLAND - Oakland County Executive L. Brooks Patterson said Thursday he is open to some modifications of the Cobo Hall package, including a lease instead of transfer of the convention center to a regional authority. But he continued to warn that a continued stalemate on the bills that are now in the House will
DETROIT - Business leaders have a lesser view of the state's current business climate than they did a year ago, but are more likely to be expecting a turnaround in the next five years, according to the annual Detroit Regional Chamber Leadership Assessment Poll released Thursday. The poll, conducted by John Bailey and Associates Public
DETROIT - Members of the United Auto Workers union overwhelmingly ratified its new labor agreement with General Motors, getting the auto maker over a major hurdle in its restructuring plan. UAW President Ron Gettelfinger said the plan was passed with 74 percent support. GM is racing to restructure by June 1 under close watch of
KOKOMO, IND. ? The U.S. Small Business Administration will offer government guaranteed loans to finance inventory for eligible auto, recreational vehicle, boat and other dealerships under a new pilot program announced today by SBA Administrator Karen Mills. Dealer Floor Plan financing will be available beginning July 1, according to Mills. She announced the new program
TROY - Ken Theis, CIO for the State of Michigan, will keynote the Fifth Annual Midwest Technology Leaders conference held June 3 at the MGM Grand Casino in Detroit. Theis will address the ways in which Michigan has continued to deliver increasingly higher standards of service in the face of shrinking budgets and tough economic
CARLSBAD, Calif.- Microsoft Corp. Thursday unveiled a major overhaul to its Internet search engine, as it enters a new chapter in its rivalry with Google Inc. Microsoft is rebranding its search engine, currently called Live Search, as Bing as part of a range of steps to make its search technology more appealing to consumers. The
DETROIT - An ad hoc committee of General Motors Corp. bondholders expressed support for 10 percent of the restructured auto maker under a revised plan. The new proposal, contained in a regulatory filing Thursday, envisions an initial 72.5 percent stake in a new GM being held by the U.S. Treasury in return for enhanced aid,
LANSING - With President Barack Obama's top official to help distressed auto communities present, Gov, Jennifer Granholm said it was impossible to overstate Michigan's need for federal assistance as General Motors considers filing for bankruptcy. Ed Montgomery, named by Obama to oversee aid to auto manufacturing communities, participated in a meeting with Granholm and officials
DETROIT - The Midwest Technology Leaders cocktail reception on June 3, co sponsored by MITechNews.Com, is one of the top networking events of the year. Hosted again at the MGM Grand Casino in downtown Detroit, at the cocktail reception you'll have the chance to: Hear from two top-notch CEOs - Keith Cooley from NextEnergy and
ANN ARBOR - Unsuccessful bankruptcies filed by Chrysler, and soon to be filed by General Motors, would reduce employment in the United States by more than 1.3 million jobs by December 2009 according to a new analysis, released by the Center for Automotive Research. CAR researchers estimate the impact on the U.S. economy of the