LANSING - Proposals to raise the state's taxes on tobacco and liquor and to preserve a state tax on estates, all key pieces of Gov. Jennifer Granholm's budget recommendation, will receive their first major votes this week in the Republican-controlled House. The forecast is gloomy for the liquor tax increase and the estate tax measure,
LANSING Gov. Jennifer Granholm signed legislation Wednesday to amend the Michigan Economic Growth Authority to allow companies to count multiple job locations in consideration for a MEGA tax credit a move aimed at keeping Federal-Mogul from transferring jobs outside the state. The statutory changes will strengthen Michigan's efforts to retain Federal-Mogul which said it may
LANSING - Michigan is failing to meet its constitutional promise of making public health a matter of top priority, evidenced by the number of uninsured residents in the state, contends a lawsuit filed Tuesday on behalf of poor patients. The state also is ignoring its own law, written in 1978, requiring it to have a
LANSING - Michigan's credit rating remained unchanged as the state prepares to sell some $237 million in general obligation school loan bonds on Wall Street next week. Moody's Investors Service said this week it is confirming the AA1 rating with a stable outlook the agency gave the state last fall. In its analysis of the
TROY Automation Alley, not yet 5 years old, celebrated its biggest birthday yet Monday when a whos who collection of politicians and economic development officials turned the first ceremonial shovel of dirt at the Automation Alley Technology Park Troy. And the regional technology group it has expanded into eight counties. The 12,000 square foot building,
TROY - Autobytel has acquired Stoneage Corporation, owner of Car.com, for more than $48 million. The deal with expand in 2004 Autobytels market share of new car buyers from 7 to 9 percent, increase by 1 million the number of Purchase Requests processed through Autobytel, and add more than 6,000 retail and enterprise dealer relationships.
DETROIT Michigan software giant Compuware Corp said Thursday it plans to report revenue of $337 million when it posts its fourth-quarter results May 12 some $10 million more than Wall Street expected. The news marks the first time in two years that Compuware has surpassed the Streets expectations. On Friday, Compuwares stock was trading up
SUPERIOR TOWNSHIP The Ann Arbor area continued to enhance its reputation as an automotive R&D center for Asian transplants on Friday when the Hyundai America Technical Center Inc. broke ground on its new headquarters. Some 200 guests including Michigan Gov. Jennifer Granholm and Rep. John Dingle attended the sunny ceremonies to mark construction of the
LANSING - Lean times for state government have forced Michigan's 15 public universities to grapple with reduced funding, but the lack of money has not triggered major cutbacks in the academic programs that the schools offer. Information provided by most of the universities indicates only a handful of schools - Eastern Michigan, Lake Superior State,
ANN ARBOR - Many of us adapt to changes, but how many anticipate them? Futurists Ian Pearson and Michael Lyons argue in Business 2010 that the near-term temblor set off by technology's tectonic shifts can be foreseen today and small tech on which Michigan is counting heavily will play a big role. Pearson and Lyons