WASHINGTON ? The Global Positioning Satellite System, vital to commercial aviation and marine shipping, could be shut down during a national crisis to prevent terrorists from using it during an attack, the White House said. A Bush Administration official who spoke to a small group of reporters on condition of anonymity, said any shutdown of
CUPERTINO, CA. ? Reports circulating widely Tuesday say Symantec, one of the leaders in anti virus software, is in advanced talks to acquire Veritas Software, a storage and systems management powerhouse, for about $13 billion. The deal could close by Friday. A Symantec-Veritas merger, should it occur, would immediately make Symantec the dominant player in
TROY ? Automation Alley?s Technology Center and two partner companies bagged $1 million in federal grants this month to build two advanced technology prototype buses and to create a Digital Manufacturing Network. A $550,000 federal grant went to Altair Engineering to revitalize the public bus transportation systems. The Detroit Department of Transportation and the SMART
LANSING ? Turning Michigan's economy around into a growth economy is the "single most important issue" that will face lawmakers and other state officials in the next session, Senate Majority Leader Ken Sikkema (R-Wyoming) told reporters on Tuesday. He repeated his earlier argument that doing so will require the state to rethink how it writes
LANSING ? Barry Cargill, Vice President for Government Relations at the Small Business Association of Michigan, gave the 2004 Michigan Legislature a grade of C for its failure to restore Michigan?s fiscal solvency. ?And that?s probably being generous,? Cargill said. ?They evaded the tough decisions on cutting the budget and instead served up a stew
WASHINGTON DC ? Road warriors will be happy to hear that federal regulators have proposed allowing cell phones to be used on airplanes as well as allowing passengers to tap high-speed wireless Internet connections from inside the cabin. Air travelers will be able to surf the Net while in flight as soon as 2006, and
OVERLAND PARK, KAN. - Sprint bought Nextel Wednesday for $35 billion, creating the third-largest cell phone company in the country. Sprint Nextel said it will have about $40 billion in combined annual revenue and 35.4 million wireless subscribers, trailing only Cingular Wireless and Verizon Wireless. The boards of both companies have approved the deal, which
ANN ARBOR ? Electronic publisher ProQuest Company has tentatively acquired Voyager Expanded Learning for $360 million in cash and stock, giving ProQuest a stronger presence in the K-12 market. ProQuest also develops electronic products for the automotive and power equipment markets. ProQuest will acquire the stock of Voyager for $340 million in cash and $20
NEW YORK - Sprint and Nextel have tentatively come to terms in a $35 billion merger deal that would create the nation?s No. 3 cellular carrier with nearly 39 million subscribers, the Wall Street Journal reports. The merged company would then spin off Sprint's traditional land-line telephone service to shareholders. The boards of both companies
NEW YORK ? Technology stocks leaped on Wall Street Monday after PeopleSoft agreed to be acquired by rival Oracle for $10.3 billion. On the Nasdaq Stock Market, Oracle climbed $1.20, or 9 percent, to $14.48, while PeopleSoft rose $2.47, or 10 percent to $26.42 after Oracle agreed to buy PeopleSoft for $26.50 a share in