Sterling Heights-based mobility safety developer Key Safety Systems (KSS) today announced a definitive agreement to acquire substantially all of Tokyo-based seat belt and airbag supplier Takata Corp. for an aggregate purchase price of $1.6 billion.
The University of Detroit Mercy (UDM) has announced that it will lower its tuition rate to make the university more accessible to students beginning in the fall of 2018. The reset undergraduate tuition price, named Assure Your Boundless Future Tuition Reset, will drop from $41,158 to $28,000.
Consumers Energy CEO Patti Poppe will join Gail Alpert, president of FIRST Robotics in Michigan, and Roger Curtis, director of the Michigan Department of Talent and Economic Development, to lead the steering committee for the FIRST Robotics World Championship in Detroit.
As demand for hotel rooms continues to grow throughout metro Detroit, Bedrock and Shinola today announced the website for the Shinola Hotel is live. Slated to open in late 2018, the Shinola Hotel is expected to attract global travelers to Detroit and serve as a “living room” where local visitors can mingle and enjoy food and beverage offerings.
Google has signed a lease for new office space adjacent to Little Caesars Arena in Detroit. Located at 52 East Henry St., the 29,178 square foot facility will house more than 100 media sales and technical support employees by spring 2018.
Instead of the predicted fall slowdown, Re/Max of Southeastern Michigan’s October housing report indicates home sales have increased 5.3 percent year-over-year to a total of 4,650 last month, and median sales prices have increased 8 percent to $201,125.
After debuting a pursuit-rated hybrid plug-in police vehicle earlier this year, Ford Motor Co. today announced a plug-in vehicle designed for police and fire chiefs, detectives, and government personnel who don’t require a pursuit-rated vehicle.
Penske Truck Leasing, a division of Bloomfield Township-based Penske Corp., today announced the company’s first fully integrated custom application that provides truck drivers with Hours of Service (HOS) functionality to meet a federal electronic logging device (ELD) mandate.
Southfield-based Sterling Bancorp. Inc. today announced the pricing of its initial public offering of 15 million shares of its common stock at a public offering price of $12 per share. Sterling is offering 7,692,308 shares and the selling shareholders are offering 7,307,692 shares of Sterling’s common stock. Shares are expected to begin trading on the NASDAQ Capital Market today under the symbol SBT.
Michigan Gov. Rick Snyder today announced the appointment of Elizabeth Clement, a legal expert who served as the administration’s chief legal counsel, to the Michigan Supreme Court. Travis W. Weber will replace Clement as Gov. Snyder’s chief legal counsel, and Frederick Headen will join the office as senior legal counsel.
Finding opportunity in Detroit’s growing sports and entertainment markets, Detroit Arena View Properties has launched a collection of themed overnight rental properties that target business travelers, tourists, and visitors.
If Southwest Solutions, a multifaceted human services agency in Detroit, did nothing else but renovate affordable homes and sell them to lower-income residents, homeless people, or veterans, it would fail.
Rebuilding urban districts lining Michigan Avenue — Corktown in Detroit and the two downtown areas of Dearborn — follow a similar formula: Get land control, find strong developers, reduce red tape, and rebuild.