REDMOND, Wa. ? Yahoo?s top two executives reiterated their belief that Microsoft's $42.25 billion takeover bid ?substantially undervalues? the company, but they said they remain open to a deal with the software giant if it ?is superior to our other alternatives.? The letter to Microsoft Chief Executive Steve Ballmer from Yahoo CEO Jerry Yang and
LANSING - State and local officials hope Michigan could become the newest star of motion picture and television productions under a package of bills Gov. Jennifer Granholm signed on Monday that would give Michigan some of the most generous tax and incentive credits to attract film production in the state. With the signing of the
DETROIT - Wayne State University's School of Business Administration has selected Florine Mark, CEO of The Weight Watchers Group, as 2008 Michigan Executive of the Year. The school confers this award annually to recognize a distinguished business leader who contributes to the advancement of the State of Michigan and its citizenry. ?It is so flattering
ROCHESTER HILLS ? MichiganMall.Com has teamed up with MITechNews.Com to offer "Green" builders, developers and businesses a golden opportunity to advertise their products and services to a receptive audience. MichiganMall.Com has created a ?GreenTech? section where Green businesses can advertise at very low rates. The listing includes a logo, phone number and other contact information,
LANSING - Business groups are watching eagerly to see how much money the new Michigan Business Tax raises in the first quarter of 2008. While, they don't like paying any more for taxes, if the tax collects more than projected, business groups hope that will trigger a move to end the MBT surcharge. An administration
LANSING - With the expectation that it could be among the most important legislation passed this session, business groups are pushing for the Michigan Legislature to keep moving on an energy package. Various business groups have told Gongwer News Service they want to see the House move quickly on its package to keep discussions going.
LANSING - Though the Granholm administration supports the goal of reducing greenhouse gas emissions and controlling global warming, Michigan will not be joining a lawsuit filed this week against the U.S. Environmental Protection Agency. Massachusetts is leading the action in the U.S. District of Columbia Circuit Court of Appeals to have the court order the
KENTWOOD ? Color matching company X-Rite continued to feel the wrath of Wall Street Friday afternoon a day after the company announced it would not meet earnings expectations and could lay off Michigan employees. The company?s stock was trading at $5.61 a share, down 6 cents on the day. X-Rite stock has traded as high
REDMOND, Wa. - Microsoft Corp. Chief Executive Steven Ballmer threatened Yahoo Inc. directors with a hostile takeover of the company if they don't reverse course and agree to a deal within the next three weeks. In a letter delivered on Saturday, Ballmer lamented Yahoo's unwillingness to negotiate a deal, saying "that by choosing not to
WASHINGTON - Federal Reserve Chairman Ben Bernanke on Wednesday publicly raised the prospect of a U.S. recession for the first time since the current slowdown began last year. But he also signaled that "much" of the needed economic and financial market adjustment has already taken place and that conditions should improve later this year, suggesting