WASHINGTON DC - Federal Communications Commission staff recommended that the regulatory agency designate Comcast Corp.?s proposed acquisition of Time Warner Cable Inc. for a hearing, according to people familiar with the matter, a significant setback for the companies? merger plans, the Wall Street Journal reported. The staff reached a conclusion that the best option for
ANN ARBOR - The Michigan Angel Fund closed its second fund (MAF II) with $2.05 million. MAF II will make its first investment this spring, and plans to invest money in eight to 10 total investments within the next two years. ?There?s no doubt that MAF plays an important role in our entrepreneurial economy. Angel
ANN ARBOR ? Network Security provider Duo Security Inc. announced Wednesday that it has raised a Series C funding round of $30 million that will be used to invest in engineering and international expansion. Duo Security has now raised $48 million from investors. This new round was led by a new investor, Menlo Park, Calif.-based
DETROIT ? Techweek Detroit kicks off again April 13, the second year in a row that the Motor City has hosted the event that offers what show promoters describe as insights and wisdom from more than 30 local and national business leaders, as well as a rather unusual elevator pitch competition that offers the winner
DETROIT - For the fourth year in a row, Detroit Public Television will showcase the ingenuity and expertise of young engineers as part of our award-winning coverage of the FIRST In Michigan Robotics State Championship. This year?s coverage will include a live web stream of the competition on April 11th from 9am until 5pm. A
LANSING - When Sen. Mike Nofs unveils his proposal for reforming the state's 2008 energy law at the end of the month, he expects to keep the 10 percent cap on electric choice competition but with new conditions, he told Gongwer News Service on Thursday. Though a lot of discussion has surrounded Nofs' (R-Battle Creek)
DETROIT - Invest Michigan announced Wednesday it has invested a total of $250,000 in five early stage technology companies through the University Commercialization Fund. The Fund is a $1 million capital pool dedicated to help Michigan?s universities transfer technology to the marketplace. Funded companies are required to secure a 100 percent match of funds, from
DETROIT - The Southeast Michigan Purchasing Managers Index climbed to 64.5 in March, improving upon February?s finish of 56.0. The three month PMI average remains essentially unchanged at 56.9. A PMI value above 50 generally suggests economic growth. ?The March survey showed a powerful surge in economic activity,? said Nitin Paranjpe, a supply chain faculty
GRAND RAPIDS ? West Michigan colleges are collaborating in mid-April at the second annual MWest Challenge to give entrepreneurially minded students the chance to grow new ventures based on their own ideas. A purse of $30,000 is on the line. MWest Challenge is hosted by the Richard M. and Helen DeVos Center for Entrepreneurship and
LANSING - The Michigan Department of Technology, Management and Budget has not done enough to ensure only appropriate access to the various Oracle databases it oversees, auditors said in a report. The performance audit of Statewide Oracle Database Controls by Auditor General Doug Ringler, for the period October 1, 2012, through September 30, 2014, found