LANSING - Although the securitization of the state's tobacco settlement money was touted as a huge step between the Republican and Democratic parties for the fact that Rep. Bill Huizenga (R-Zeeland) and Rep. Andy Dillon (D-Redford) crossed the aisle and put together the package, last week's announcement by the House GOP that the legislation will
DETROIT ? While attention was turned to Compuware?s financial performance last week, two other IT services companies, Covansys Corp. and Syntel, both reported solid quarterly results. Covansys reported net income of $8.6 million, up 31.1 percent from net income of $6.6 million in the third quarter of 2004, but down from $11.2 million in the
DEARBORN ? With Ford Chairman William Ford Jr. doing commercials touting the greening of Ford, the No. 2 automakers chief of the hybrid-electric vehicle operations and sustainable mobility technologies has resigned, part of an increasing exodus claiming top Ford executives. Ford recently announced plans to expand hybrid production to 250,000 vehicles annually by 2010. A
LANSING ? A bill that would securitize $1 billion of the state's tobacco settlement money to fund technology and life sciences start ups, would instead primarily be used to fund business tax cuts under a plan introduced Wednesday by Michigan House Republicans. Liz Boyd, spokesman for Michigan Gov. Jennifer Granholm, said the House Republican proposal
LANSING ? The Michigan Land Bank Fast Track Authority added a new feature to its web site Wednesday, the ability for consumers to search on line for tax reverted properties to purchase. The web site also has links to other counties and cities throughout Michigan that have property search capabilities in their regions, including the
PONTIAC ? Oakland County will name on Halloween a private company to provide wireless broadband connections to five municipalities in the state?s second largest county. The word came Wednesday from Phil Bertolini, Oakland County Deputy Country Executive, who heads up the Wireless Oakland initiative. He said county executives hope that the pilot project will lead
DETROIT ? Former Assistant U.S. Trade Representative for China Affairs, Charles Freeman III, will be the keynote speaker during the Detroit Chinese Business Association?s Ten-Year Anniversary event October 27 at the Troy Marriott Hotel. Freeman is based in Washington D.C. and is now the Managing Director for The China Alliance, an association of four law
SOUTHFIELD - Computer Associates International said it earned $41 million in its second fiscal quarter after posting a $98 million loss in the same three months a year ago. The news so buoyed CA?s board that it announced it would step up its marketing spending. CA employs 90 people in Michigan and nearly 500 in
LANSING ? Michigan Senate Republicans powered through their version of a $1 billion Single Business Tax cut Tuesday, sending their plan that would tie future tax cuts to increases in state revenue to the Michigan House. Senate Majority Leader Ken Sikkema (R-Wyoming) called passage of the package a major step forward and a good sign
LANSING ? Gov. Jennifer Granholm on Tuesday made a pitch for homeland security and defense contractors to build new facilities in Michigan. The governor also said the $1 billion tobacco securitization package now awaiting final approval in the legislature could become a source of state assistance to woo these job generating companies to Michigan. Granholm