Crain's Michigan Business News
02/08/12
DETROIT (AP) — Hoping to keep two executives out of jail, the company that controls the Ambassador Bridge said today it will comply with a judge's order to complete construction of a major project intended to get big trucks off neighborhood streets.
02/08/12
The National Hockey League has scheduled a press conference for 10:30 a.m. Thursday at which it's expected to officially announce that the Detroit Red Wings will host the Toronto Maple Leafs in the annual outdoor "Winter Classic" hockey game at Michigan Stadium on Jan. 1, 2013.
02/08/12
EAST LANSING (AP) — A national report says Michigan State University’s endowment fund increased 22 percent to $1.4 billion in its latest fiscal year.
02/08/12
EAST LANSING (AP) — A new Michigan State University policy requiring freshmen to either have health insurance or pay to join a plan through the school has drawn some opposition from state lawmakers.
ECONOMIC DEVELOPMENT
02/08/12
Local governments and economic development organizations in northern, west and mid-Michigan hope to receive state approval for a regional entity intended to help build and attract new business investment around their transportation assets.
EDUCATION
02/07/12
Voters overwhelmingly oppose amending the Michigan Constitution to create one statewide system to manage Michigan's universities, according to a poll conducted by Business Leaders for Michigan.
ENERGY
02/07/12
LANSING — Michigan can take several approaches to encourage the growth of the state's renewable-energy industry, says a study released today by a newly formed trade association.
02/07/12
KALAMAZOO (AP) — Amtrak says it has gotten federal approval for its trains in western Michigan and northern Indiana to increase maximum speeds to 110 mph.
02/07/12
LANSING (AP) — Michigan lawmakers are continuing votes aimed at reducing the number of probate, district and circuit court judgeships statewide through attrition.
02/07/12
DETROIT (AP) — The Detroit Economic Club says Republican presidential candidate Mitt Romney plans to address the group a few days before Michigan’s primary.
02/06/12
Ambassador Bridge owner Manuel "Matty" Moroun and bridge company President Dan Stamper can be jailed for civil contempt involving a judge's 2010 court order — but only if the judge specifies exactly what it takes for the pair to go free again, the Michigan Court of Appeals ruled today.
02/06/12
MASON (AP) — An Ingham County judge has ruled that the state-appointed team reviewing the city of Detroit's finances should be subject to Michigan's Open Meetings Act.
02/06/12
The Philadelphia-based private equity firm Versa Capital Management LLC has completed its acquisition of Farmington Hills-based American Laser Centers LLC, using $15 million in exit financing to bring the company out of Chapter 11.
TRANSPORTATION
02/07/12
Gov. Rick Snyder is skeptical of a private consortium's ability to finance, build and operate a streetcar system in downtown Detroit as budgeted, sources have told Crain's. But his administration is reluctant to make its worries public because the influential group has significant political support in Washington.
FOCUS: BUSINESS EDUCATION
02/07/12
Recruiting students from China is becoming big business. A number of Michigan universities are aiming to diversify their campuses -- and their revenue -- by marketing themselves to Chinese students.
TOURISM
02/07/12
When hundreds of tourism industry representatives gather at a March conference in Grand Rapids, they'll do more than network.
02/04/12
LANSING (AP) — The budget proposal that Gov. Rick Snyder will deliver Thursday isn’t expected to contain the sweeping tax changes and spending cuts that made last year’s plan such a change from the past. Still, it’s creating some anxious moments for school officials and local government leaders waiting to hear how and when the cuts they took in the current budget might be reversed.
02/03/12
LANSING (AP) — Michigan's improving unemployment numbers mean jobless residents in the state are no longer eligible for some federally funded extended benefits.
02/03/12
A tentative agreement between Detroit Mayor Dave Bing's administration and a coalition of labor unions achieves some of the concessions the mayor has said are necessary to avoid a cash crisis — but isn't a clear path out of the city's financial crisis.
02/02/12
Some of Detroit's labor unions have reached a tentative agreement to make concessions requested by Detroit Mayor Dave Bing.
02/02/12
LANSING — Michigan homebuilders hope that the political and economic climate is right for passage of a long-sought change in the tax treatment of newly constructed, unsold houses.
02/02/12
The Michigan Economic Activity Index was flat in November, but Comerica Bank’s chief economist says the state is poised for growth that should send the index higher in coming months.
ENTREPRENEURSHIP
02/01/12
BioPhotonic Solutions Inc. was the big winner Tuesday at the 12th Annual Collaboration for Entrepreneurship in Ann Arbor.
02/01/12
DETROIT (AP) — Detroit officials continue to negotiate with city unions and bargaining units on health, pension and other concessions.
FINANCE
02/05/12
The state plans to launch a new fund, the Pure Michigan Venture Match, to invest in early-stage technology companies. The Michigan Economic Development Corp. and Michigan Strategic Fund will hold a public hearing on the proposed fund Feb. 8.
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Michigan universities recruit Chinese students to add diversity, revenue