WASHINGTON - Congress and the Bush White House appear headed for a showdown this week over how best to assist Detroit's troubled auto makers. Senate Majority Leader Harry Reid plans on Monday to move forward with a bill that would give the auto industry access to the $700 billion Troubled Asset Relief Program set up
ANN ARBOR - Rick Snyder, one of the state?s most successful venture capitalists and entrepreneurs, said clean tech cars and trucks, lead by plug-and-run electric vehicles, could make Michigan one of the world's top alternative energy-production regions in the years ahead. He also said the state needs to change its current tax policies to make
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WASHINGTON - The prospect of a government bailout of General Motors Corp. before the end of the year dimmed Thursday, with a leading Senate Democrat pointing to a lack of political will for a package and the top House Republican assailing the plans. Senate Banking Committee Chairman Christopher Dodd said he knew of no Republicans
GRAND RAPIDS - The nomination deadline for the fifth annual Michigan Celebrates Small Business recognition program for entrepreneurs and supporters of small business has been extended to Nov. 21. In addition, the application deadline for the Michigan 50 Companies to Watch has been extended to Dec. 12. Nomination forms are available now at MichiganCelebrates.Biz Michigan
TROY - Employment in the Life Sciences sector grew by 13.2 percent, while employment outside the advanced auto sector was up from 2005 to 2006, a new study by Automation Alley shows. The Fourth Annual Technology Industry Report: Driving Southeast Michigan Forward, also showed the average wage for workers in the Life Sciences sector grew
DETROIT - On Thursday, TechTown launched its International Soft Landings program, designed to ease the transition overseas companies face when they enter the U.S. market by providing them with business services that speed up the establishment of an international branch. TechTown is Wayne State University's 43-acre research and technology park currently incubating more than 50
NEW YORK - The U.S. economy is in the midst of the worst part of the recession, with a recovery starting in the third quarter of 2009, according to economists polled in the latest Wall Street Journal survey. On average the 54 economists surveyed expect gross domestic product to decline 3 percent at an annualized
NEW YORK - Forbes magazine predicts this may be the last holiday season you can dodge sales taxes by buying presents on the Web. State legislators, retailers and lawyers say 2009 may be the year Internet taxes finally come to pass. The idea, which would levy sales tax on most goods bought online, has been
GRAND RAPIDS - TransCorp Inc, which develops novel surgical instruments and implants, received funding from a group of Michigan investors. But no one is saying how much TransCorp got. TransCorp's new home is the West Michigan Science & Technology offices at Grand Valley State University's Cook-DeVos Center for Health Sciences. Leading the funding was EDF