WASHINGTON DC - The U.S. Senate took the first serious step on Monday toward rewriting the nation's telecommunications laws, a move that raises politically sensitive questions about digital copyright and Net neutrality and could take years to complete. Ted Stevens, chairman of the Senate Commerce Committee, released a 135-page draft bill that represents the most
ANN ARBOR - The Ann Arbor Angels investment group reported that it did 26 deals worth $82 million in 2005, more than half in IT-related companies, including $7.4 million in life sciences start ups. Funds also were invested in companies in the advanced automotive, consumer products, financial services, homeland security/defense, manufacturing technology, and nanotechnology sectors.
BOCA RATON, Fla. - Michigan is one of five states in March that lead the nation in foreclosed homes, reflecting a nationwide increase in residential foreclosures currently playing out across the United States, new data and analysis from Foreclosure.com contends. Other leading states include Texas, Ohio, Georgia and Indiana. In addition to having the largest
LANSING - Michigan Gov. Jennifer Granholm and Michigan Economic Development Corporation CEO James Epolito are heading back to Asia to attract trade and development with Michigan. Though the specific itinerary had not yet been set, the two will travel again to Japan May 15-17, officials confirmed. Epolito will then continue to Korea on May 17-18
WASHINGTON - President Bush's no-longer-secret surveillance program employing the National Security Agency came under a two-pronged attack this week on both political and legal fronts. First, a key Republican senator said Thursday that he was contemplating pulling the plug on the NSA spying program by cutting funding-unless, that is, the Bush administration comes clean on
LANSING - As one of the three boards regulating the Michigan 21st Century Jobs Fund is screening the 505 applications for funding, lawmakers on an oversight panel Thursday cautioned officials on the role universities will play in requests for more than $1 billion in funding. Of the applications, 67 of those are for basic research
ANN ARBOR - Gateway's interim CEO Rick Snyder entered into an employment contract with the PC maker that calls for an annual base salary of $500,000, according to Gateway's filing with the Securities and Exchange Commission. Synder, who was named interim CEO in February following the resignation of Wayne Inouye, will also receive 600,000 stock
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TROY ? Automation Alley has inked a three-year partnership with the Great Lakes Entrepreneur's Quest and announced an Award for Advance Automotive entrepreneurs that will pay up to $12,400. The new award will be awarded to a GLEQ team that contributes to the advancement of automotive technology as determined by judges. The $12,500 wil be
LANSING - Calling all fund managers. The Michigan Economic Development Corp. has issued a request for proposals for professional firms to manage nearly $400 million that will be invested in promising Michigan technology and life sciences companies as part of Gov. Jennifer Granholm's 21st Century Jobs Fund. The fund manager will work for the Michigan