NEW YORK ? On the first day of its Initial Public Offering, shares of Twitter soared to close almost 73 percent above its offering price generating a market cap of about $25 billion ? for a company not yet profitable. Twitter priced its initial public offering Wednesday night at $26 a share. The stock debuted
DETROIT ? Cyber Security was the hot topic discussed Saturday on the Internet Advisor as heard on WJR 760 AM Radio. Birmingham cyber security expert Richard Stiennon discuss threats to SCADA control systems as well as the proliferation of ransomware on the Net. The podcast of that show is now available. Also on the show
LANSING - The Michigan Workforce Development Agency, courtesy the Michigan Strategic Fund, has $1,857,982 for the Skilled Trades Training Fund program that will go to 16 Michigan Works! agencies around the state. ?Michigan?s economic vitality and opportunities for business and job growth depend on a workforce with the necessary talents and training for the jobs
DETROIT ? Aereo, an over-the-air provider of TV channels through the Internet's cloud, hosted its launch party Monday at Great Lakes Coffee's midtown location where 200 potential customers stopped by for the demo day. On Oct. 28, Aereo?s 21st century antenna product became available for consumers in Lapeer, Livingston, Macomb, Monroe, Oakland, Sanilac, Saint Clair,
DETROIT ? The organizers of the Accelerate Michigan Innovation Competition announced both VMware?s newly appointed CIO, Tony Scott, along with Morgan Stanley Managing Director, Carla Harris, as the competition?s 2013 keynote speakers. Harris was recently appointed by President Obama to chair the National Women?s Business Council. The Accelerate Michigan Innovation Competition is a global business
DETROIT? The Southeast Michigan Purchasing Managers Index (PMI) for Oct. is 63.1, up from 59.9 in Sept., raising the three-month average for the economy to a robust 61.1. A PMI value above 50 generally suggests economic growth. ?Over the last fourteen months, the PMI has come in at 50 or above 13 times,? said Timothy
LANSING - Some 436,000 individuals could get federal tax subsidies to purchase health insurance on the federal exchange, a study by the Kaiser Family Foundation showed. The study showed that 436,000 was out of a potential market of 725,000 individuals who could avail themselves of health insurance through the federal exchange. Nationwide, the study said,
SAN FRANCISCO - Adobe Digital Index unveiled its crystal ball prophecies for this year's online shopping season, and it looks like it's going to be a doozy. Not only does Adobe Systems predict this year will see the highest-ever online spending during the US holiday season, but Thanksgiving, Black Friday, and Cyber Monday will break
LANSING - Although it was sent with no recommendations, the Public Service Commission and the Michigan Energy Office Monday sent their final report on renewable energy to Governor Rick Snyder with updated data and an added section describing energy planning. The new report reiterates the draft report's contention that from a technical perspective, it is
LANSING - Michigan's overall business climate has improved markedly, and the state still continues to improve at a rate faster than others, but national business leaders still do not have good perceptions of the state, contends a report issued Wednesday by the group Business Leaders for Michigan. The state now ranks in the top 10