WASHINGTON DC - Existing-home sales rebounded in February, climbing above expectations, but prices plunged again. Regionally, sales rose 15.6 percent in the Northeast, 6.1 percent in the South, 2.6 percent in the West and only 1 percent in the Midwest. Home resales climbed to a 4.72 million annual rate, a 5.1 percent increase from January's
ANN ARBOR - Great Lakes Entrepreneur's Quest is offering participants the opportunity to get their questions about the business-plan writing contest answered directly by investors. The deadline to enter the spring contest - where a cash prize of $25,000 is offered - is March 30. The GLEQ Ask-The-Judges Roundtables will let participants learn what they
WASHINGTON DC - Noting that the U.S. financial system "is still working against economic recovery," the Treasury Department Monday revealed details of its plan to address toxic assets weighing on banks' balance sheets. Treasury said one major reason the financial system is still facing challenges is because of "legacy assets" and securities that are compromising
DETROIT - More on the GM bailout, and GM bondholders are not happy. The AP reports bondholders say GM's turn around plan is too optimistic. They worry about getting paid in GM stock, because if GM eventually ends up going into bankruptcy that stock will be worthless. The irony, of course, is that if GM
WASHINGTON DC - Seeking to boost the U.S. clean-energy industry, President Obama on Monday announced $1.2 billion for science research at national labs and a proposal to extend a business tax credit for investments in research and development. At an event at the White House, Obama told researchers and green-technology business people that their work
LAS VEGAS - Aiming to better compete against a growing list of rivals, Microsoft on Thursday launched Internet Explorer 8, the latest version of its Web browser. IE 8, as the browser is known, was first shown a year ago and has been in testing for months, CNET News.Com. The new browser adds security improvements,
SAN JOSE - Malware exploits moved at unprecedented speed and volume this past year but 2009 may bring increasing cooperation among security vendors and law enforcement agencies to bring down criminal enterprises, according to the annual Trend Micro Threat Roundup & 2009 Forecast. While malware authors have always moved quickly, releasing code as soon as
LANSING - Spending for $873 million of the state's transportation federal stimulus funds, which will support more than 130 projects around the state, which could create 25,000 news jobs, cleared the House overwhelmingly Wednesday. Projects include repair and reconstruction of I-475 in Flint, I-94 in Ann Arbor, I-196 in Grand Rapids, as well as reconstruction
LANSING - With the same cast returning for a repeat performance before the House Judiciary Committee that pushed the issue on both sides last session, the panel approved a package that would essentially erase the state's product liability immunity law and put prescription drugs under consumer protection laws. As they have in prior sessions, advocates
LANSING - The Michigan Strategic Fund board Wednesday approved a $6.9 million grant to Thomas Township to make public infrastructure improvements needed for the expansion of the Hemlock Semiconductor Group's solar cell manufacturing facility, which could create up to 300 jobs over the next two years. Hemlock Semiconductor is a joint venture of Dow Corning