DETROIT- The Southeast Michigan Purchasing Managers Index bounced back to 56 in February, suggesting last month?s sudden drop to 50, was an anomaly. The three month PMI average finished at a solid 56.7. A PMI value above 50 generally suggests economic growth. ?In February, the Southeast Michigan economy got back on track,? said Timothy Butler,
EGHAM, UK - Worldwide sales of smartphones to business and consumers topped 1.2 billion units in 2014 - the first time yearly sales have topped a billion. The fourth quarter also set a record with an increase of 29.9 percent from the fourth quarter of 2013 to reach 367.5 million units, according to Gartner, Inc.
DETROIT - Ned Staebler, who has served as vice president of economic development at Wayne State University received a new title Monday when he was named President and CEO of TechTown, replacing Leslie Smith, who took a similar job in Memphis. Staebler?s apointement was confirmed by the Univesity board on Monday. He remains in his
LANSING - Three projects expected to generate nearly 100 jobs and more than $3.7 million in the state have been approved for film incentives by the Michigan Film Office, and all three projects will be produced by Exxodus Pictures Studio in downtown Detroit. "The announcement of a Detroit-based production company making a series of feature
GRAND RAPIDS ? It?s official. Open Systems Technologies (OST) Chief Operating Officer Meredith Bronk has been promoted to President and Chief Executive Officer on April 1. The announcement was made Monday by founding CEO Dan Behm, who is retiring. Bronk assumes the top job at the $100 million plus revenue company one years after getting
WASHINGTON DC ? On Thursday, as expected, the Federal Communications Commission adopted Net neutrality regulations based on a new definition of broadband that will let the government regulate Internet infrastructure just like the old Ma Bell. At the FCC's monthly meeting, the agency reinstated open Internet rules in a 3-2 vote split along party lines.
PLYMOUTH ? MITechNews.Com was one of dozens of Michigan companies to win the Corp! Magazine DiTechSci Awards announced Thursday at Schoolcraft College. MITechNews.Com was one of 15 companies named in the Digital category. Nearly two score more companies were given awards in the Science and Technology categories. ?We?re thrilled to win such a prestigious award
LANSING - The Michigan Strategic Fund and the Michigan Economic Development Corporation has issued a Request for Proposals to publish the official state of Michigan travel guide. ?This publication complements our overall marketing campaign and extends our reach in critical out-of-state markets to increase the volume of travelers to Michigan,? said David West, Vice President
DETROIT - Leaders of the state's largest companies see both the state and national economies improving over the next year-and-a-half, Business Leaders for Michigan said in releasing its latest forecast. The survey showed 60 percent of business leaders expect both economies to improve in the next six months. That was up from 48 percent for
DETROIT ? Lt. Gov. Brian Calley will be pinch hitting for his boss, Gov. Rick Snyder, as the keynote for the Detroit Chinese Business Association Feb. 27 at the Motor City Casino Soundboard Room where he will help ring in the Chinese New Year of the Sheep. Snyder was recently hospitalized with a blood clot