SAN FRANCISCO ? As suspected, it turns out the Zotob worm that bedeviled Internet users two weeks ago, including Daimler Chrysler, is linked to a crime ring, the FBI contends. Atilla Ekici, a 21-year-old Turk who used the nickname Coder, may be affiliated with people thought to be part of a credit card fraud ring
BLOOMFIELD HILLS ? Business networking group Entrepreneur & Investor Exchange opens its fall season of monthly workshop and cocktail mixers by rolling out a new format that could help business people catch the attention of angel and early-stage investors. The Tuesday, September 13 forum will feature three, 10-minute Showcase Presentations by entrepreneurs seeking capital for
EAST LANSING - Michigan State University researchers will use a $750,000 grant from the National Science Foundation to try and figure out the relationship between children and the information technology tools and toys with which they interact. The Children and Technology Project is a research project designed to determine the consequences of using IT on
LANSING ? The Small Business Association of Michigan called on members of the Michigan House to approve the tax reform package reported out of the House Tax Policy Committee. The package maintains the existing statute that repeals the Single Business Tax (SBT) on Dec. 31, 2009. ?Regardless of whether the SBT is ever actually repealed,
SAN FRANCISCO ? Two foreign nationals were arrested by the FBI on suspicion of unleashing a pair of computer worms, including last week's Zotob, which hit servers at DaimlerChrysler, ABC TV, The New York Times and CNN. Farid Essebar, age 18, a Moroccan national born in Russia, was arrested in Morocco, and 21-year-old Atilla Ekici,
ANN ARBOR ? Sensicore, which develops a lab-on-a-chip for water testing, has landed another $12 million from a group of venture capitalists lead by Ardesta. Sensicore was Ardesta?s first start up in 2001. The investment was a Series C round. Besides Ardesta, the investment syndicate includes Firelake Capital (Palo Alto, CA); NGEN Partners, LLC (Santa
LANSING ? Michigan House Republicans, without the support of Senate Republicans, have developed a compromise with Democratic Gov. Jennifer Granholm and scheduled a vote for next Wednesday. For weeks, the Granholm administration and legislators from both parties have been negotiating over how best to cut business taxes and improve the Single Business Tax, Michigan's unique
LANSING - Top Michigan state officials meeting Thursday on the 2005-06 budget made some of the greatest progress they have to date both on setting targets and agreeing to a deadline for the budget to be completed, sources said. The officials, who included Budget Director Mary Lannoye, House Speaker Craig DeRoche (R-Novi), Senate Majority Leader
DETROIT - General Motors and DaimlerChrysler have signed their long-brewing deal to develop hybrid cars together, splitting hybrid development between the two companies. DaimlerChrysler will take the lead for rear-drive luxury cars, while GM will be responsible for developing the hybrid system to be used in trucks, SUVs, and front-drive cars and crossovers. The two-mode
GRAND RAPIDS ? The Iserv Technology Group has made its first acquisition outside Michigan with the purchase of Chicago-based ISP Caliber Connections Corp. Terms were not disclosed. The agreement provides Iserv with Caliber?s current customer base in Chicago and surrounding areas. Caliber Internet Services marks the eleventh ISP acquisition for ITG. The company most recently