SOUTHFIELD - Computer Associates International reported its quarterly profit more than doubled, helped by acquisitions and tax credits, but the pace of new deals slowed, and the software company said it would cut 800 more jobs to reduce costs. CA, which operates its Midwest regional headquarters out of Southfield, said it is cutting the jobs,
DETROIT ? For space fans, SBC Communications and Yahoo! will provide a behind-the-scenes look at the scheduled 10:39 EDT launch of the space shuttle Discovery. Coverage begins at 10:15 a.m. with a Space Center Houston Mission Briefing Officer who will narrate the events leading up to the launch and through the post launch flight. What?s
LANSING ? The Venture Michigan Fund was signed into law by Gov. Jennifer Granholm and experts say the fund will soon pump $150 million into promising technology companies in Michigan, helping Michigan diversify away from heavy dependence on the auto industry and manufacturing. Mitch Mondry, president of the Michigan Venture Capital Association, who helped spearhead
SAN FRANCISCO - Venture capitalists in the United States pumped more money in the second quarter into early stage start-ups and more established businesses, but kept overall funding in line with the two-year quarterly average, according to a report released Tuesday. Venture investors poured a total of $5.8 billion into 750 companies throughout the period
KALAMAZOO ? Stephen Nelson, Ph.D, has joined Miller, Canfield, Paddock and Stone as senior technical specialist in the Intellectual Property and Information Technology Group. He will reside in the firm?s Kalamazoo office. Nelson has more than 30 years' experience as a scientist in medicinal chemistry, biological screening, and synthetic chemistry. He has prepared patent applications
LANSING - With a special mid-August revenue estimating conference expected to identify an increase in estimated tax collections for 2005-06, the debate is already on regarding how to use that money at a time when discussions are unresolved on the budget and how to approach restructuring the Michigan business tax. The Michigan Chamber of Commerce
ANN ARBOR. - Michael Imperiale, Ph.D., professor of microbiology and immunology at the U-M Medical School and chair of the U-M's Institutional Biosafety Committee, has been appointed to the U.S. Department of Health and Human Services' National Science Advisory Board for Biosecurity. Imperiale, along with 23 other voting-member scientists and individuals involved in biosecurity, began
KALAMAZOO ? The August Kalamazoo Venture Tuesday will include a two-year-in-review special session featuring companies currently incubating at the Southwest Michigan Innovation Center and a panel discussion examining the success of the Stick Around campaign. Earlier this month, Dow Venture Wire called Kalamazoo?s, ?one of the more impressive efforts? at building a biotech cluster. The
TROY ? IT services provider Syntel reported Thursday record income for the second quarter, lead by revenue from applications outsourcing. Syntel out sources a lot of its development in India. Net income for the second quarter was a record $9.7 million or $0.24 per diluted share, compared to $9.4 million or $0.23 per diluted share
TROY ? What?s in a name? For Syntel, hundreds of thousands of dollars annually in advertising costs. So when a Texas company started using Syntel?s tag line Consider It Done, Syntel ordered the company to cease. When talking went no where, Syntel filed a lawsuit June 30 in U.S. District Count in Ann Arbor. Syntel