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
TROY ? Automation Alley hosted the grand opening of its new headquarters Monday night, appropriately enough in the Automation Alley Technology Park in the Troy SmartZone. The $2.5 million price tag was paid entirely by state and federal grants, while most of the equipment and furnishings were donated by Alley members. Almost 400 people packed
LANSING ? Michigan Gov. Jennifer Granholm's overall approval numbers have taken a major tumble from comfortable levels in August, and the drop seems to be coming from voters in Democratic Detroit, an opinion poll shows. A pollster said the numbers suggest Granholm will have to pay attention to her base in the two years leading
DETROIT - DaimlerChrysler will partner with General Motors in a bid to develop a new generation of hybrid powertrains - and battle Japanese manufacturers which lead in this environmentally safer, less foreign-petroleum dependent market segment to power 21st century cars and trucks. GM and DC have signed a tentative agreement to develop a two-stage hybrid
FLINT - Eaton Corporation donated $10,000 to K. Joel Berry, who heads up the Kettering University Mechanical Engineering department, to help pay for a graduate student to do research on integrating fuel cells into automotive power trains to provide clean hydrogen power for cars and trucks. The check is part of a $40,000 four-year pledge.
TROY ? John Bailey, a 30-year public relations veteran, has something to say about business ethics and what?s going on in Detroit from his new blog web site. His first message ? discussing how the Pistons-Pacer?s brawl gave Detroit another black eye ? went live December 7. Bailey, who founded John Bailey & Associates public
BIRMINGHAM ? The GLIMASoutheast Holiday party has a new wrinkle this year. It doubles as a benefit for needy children through the U.S. Marines Toys For Tots program. For every toy or $10 donation, the gift giver gets a chance to win prizes including 12th row lower level Piston tickets. Three pairs of two are
GRAND RAPIDS - Call it growing pains. Call it problems with a complicated new web site. But the facts are Mitechnews.Com was down for about 18 hours from Thursday afternoon to Friday morning. We're back up and publishing stories again. There have been a lot of changes at Mitechnews.Com in the past month. We've moved
GRAND RAPIDS ? The Michigan Small Business & Technology Development Center is partnering in January with Western Michigan University to offer a three-week workshop to show QuickBooks users how to clean up their books. The workshops will be held at WMU?s Grand Rapids campus on January 7, 14 and 21 from 9 a.m. to noon.
ANN ARBOR ? The deadline to compete in the fall Great Lakes Entrepreneur?s Quest business plan contest is looming. Teams that want to compete in either the Emerging Company or New Business Ideas tracks need to submit an application by December 15. The Quest is structured into Fall and Spring Cycles and two distinct maturity