A majority of Midwestern bankers anticipate an increase in the number of delinquencies (73%), the number of foreclosures (56%) and consumer (55%) and commercial loan losses (72%), according to Grant Thornton LLP’s 16th Bank Executive Survey
Walsh College will host a Spring Open House at the Troy campus on Thursday, May 14, from 4 – 7 p.m. in the Jeffery W. Barry Center on the campus, located at 3838 Livernois Road, between Big Beaver and Wattles.
Mayor Kenneth V. Cockrel, Jr. and Paxahau officials announced during a press conference today for Movement 2009 a new international partnership between Movement Detroit and Movement Torino designed to expand the visibility of Detroit and its growing electronic music community.
Asian Pacific American Chamber of Commerce is hosting their Eighth Annual Dinner Fundraiser on Saturday, May 9, 2009, from 6:00 p.m. - Midnight at the Royal Park Hotel, located at 600 East University Drive in Rochester, Michigan.
Fifty-five percent of U.S. consumers plan to purchase their next vehicle within the next two years, according to a recent consumer sentiment study conducted online with approximately 1,400 U.S. auto owners by R. L. Polk & Co.
The U.S. Army Reserve and Kelly Services, Inc., a world leader in workforce management services and human resources solutions, announced the launch of a public-private partnership that will enhance job opportunities for U.S. Army Reserve Soldiers and Veterans.
Ricardo, Inc., a leading independent provider of technology, product innovation and engineering solutions to the world's clean energy, automotive, military and transport industries today announced the details of its involvement in a project to further advance technologies utilized in a plug-in hybrid utility truck.
MetLife recently announced that New England Financial of Michigan, headed by Michael Amine, Managing Partner, was named “New England Financial Firm of the Year,” for the prior year’s overall business performance and accomplishments.
Scott Harrison was named the fourth-annual Grant Thornton Leader and Innovator of the Year this evening, with many additional weekly honorees from the past 12 months among those in attendance at a special reception at Lawrence Technological University.
Asterand plc (LSE:ATD), a leading provider of human tissue and services to scientists engaged in drug discovery research, announces that it has entered into a collaborative agreement with Abcam plc (AIM:ABC), the rapidly growing bioscience company that markets antibodies via its own online catalogue.
Scientists from the Barbara Ann Karmanos Cancer Institute in Detroit presented data today at the American Association for Cancer Research's 100th Annual Meeting 2009 that signifies exciting research advancements in the treatment of the more aggressive forms of breast cancer.
Children’s Leukemia Foundation of Michigan has teamed up with the Rugby Grille in The Townsend Hotel to present “Toast for a Cure!” – a fundraiser for the foundation, aimed at providing personalized support to families impacted by leukemia and other related blood disorders.
Together with Govs. Schwarzenegger and Granholm, Prof. Helmut List, chairman and CEO, AVL, today announced continued advancements in alternative powertrain capabilities, furthering its position as the market leader in sustainable mobility.
Accelerated Marketing Partners (AMP) will conduct Detroit’s first new-development real estate auctions when it auctions homes at Ram Realty Services’ The Ellington Lofts/Condominiums and Riverfront Condominiums, with minimum selling prices up to 69 percent below previous asking prices.
In this era of government bailouts, the Engineering Society of Detroit Institute (ESDI) has come up with a bold initiative to enable businesses to cut costs without the use of public funds or tax incentives.
Conventional wisdom has General Motors Corp. filing for Chapter 11 bankruptcy in late spring or early summer, emerging from court supervision as a smaller but viable company in as little as two weeks, or two to four months at the outside.
U.S. Army Tank Automotive Research, Development and Engineering Center (TARDEC) professionals have played a major role in the development of Lithium-ion battery systems – emerging technology behind the recent announcement by Gov. Jennifer Granholm’s office of more than 6,600 possible jobs coming to Michigan.
Managing Partner of the Forbes Company, LLC Nathan Forbes will be the keynote speaker at the upcoming International Council of Shopping Centers Continuing Education Program at the Rock Financial Showplace in Novi, MI on Wednesday April 29 at 12:00 noon.
The law firm of Miller Canfield announces
that it is opening an office in Monterrey, Mexico - the country's automotive manufacturing and business center and the Mexican
headquarters of thousands of manufacturing companies from around the
A veteran Hollywood film executive who is a native Detroiter will build a $146 million, 750,000-square-foot film, TV and media production studio factory and village on 104 acres of land at Southfield Road and Enterprise Drive in Allen Park, officials announced today.
EV, Inc., (FEV) a leading developer of advanced powertrain and vehicle technologies, announced today that it will show its Solid Selective Catalyst Reduction (SSCR) System, installed in a Dodge Ram pickup truck at the upcoming 2009 SAE World Congress, held at Cobo Center in Detroit on April 20 - 23.
Through months of recession, the U.S. economy gained jobs requiring a higher education while shedding millions of low-education jobs, according to the second annual report by Michigan Future Inc. and a University of Michigan economist on the state's transition to a knowledge-based economy.
The Administration is taking actions to make a big dent in the small business credit crunch by offering new incentives to small business borrowers and lenders through the American Recovery and Reinvestment Act and Department of Treasury actions.
Honigman Miller Schwartz and Cohn LLP (Honigman) is pleased to announce that a cross-disciplinary team of its attorneys represented Tempo Group, Inc. in negotiating the principal terms and conditions of the $100 million acquisition of the remaining pieces of Delphi's global brake and suspension component business.
Ford Motor Credit Company’s tender offer for Ford Motor Company’s unsecured, non-convertible debt securities resulted inapproximately $3.4 billion principal amount of debt securities tendered andaccepted for purchase. Ford Credit will use $1.1 billion in cash to purchase the debt securities.
Wow Green International, www.wowgreen.net, a relationship marketing company of safe, green household cleaners, has announced that it will host the company’s Worldwide Launch and first national convention at the Hard Rock Hotel and Casino in Las Vegas from September 23 to 25, 2009.
Fresh on the heels of a trip to Chicago earlier this week to meet with Wall Street bond raters, Oakland County has received official confirmation that Moody’s Investors Service has reaffirmed Oakland County’s prized AAA Rating on $306.2 million of outstanding General Obligation Limited Tax debt.
If you think advancements in medical care have been great, think again. The future is moving at lightning speed and knowing what impact that will have on patient and doctor relationship and treatment is vital.
Compuware Corporation today announced that it is jump-starting Application
Portfolio Management (APM) initiatives by offering a pre-configured version of its market-leading IT portfolio management solution, Changepoint.
A hybrid solution of Dow Automotive body enhancement technologies and advanced high-strength or ultra high-strength steel offers automotive manufacturers an innovative solution to the new Insurance Institute for Highway Safety roof strength rating system that calls for stronger vehicle roofs.
Cooper-Standard Automotive Inc. announced today a reorganization of its operating and reporting structures involving the discontinuation of its global Body & Chassis and Fluid Systems product line operating divisions and their supporting organization structures and the establishment of new operating and reporting units organized on the basis of geographic regions.
With a growing number of Metro Detroiters now without health insurance benefits, athlete and personal trainer Charlie Sanders Jr. is reaching out to those who need physical therapy but cannot afford it.
Greektown Casino-Hotel officials announced today that the property will keep in place its commitment to the unique community partnership program that allows Greektown Casino customers to redeem their earned comps at surrounding neighborhood restaurants.
AQABA was founded in March 2004 celebrates its 5-Year anniversary. In addition to providing custom Web development, online marketing and advisory services to clients, the company provides individuals a broad array of web strategies, including Detroit Medical Center and Auto Beat Daily just to name a few.
Ford Motor Credit Company announced today the results of its previously announced $500 million cash tender offer (the "Term Loan Offer") for Ford Motor Company's (NYSE:F) senior secured term loan debt (the "Term Loan Debt") and the early tender results as of March 19, 2009 (the "Early Tender Date") of its previously announced $1.3 billion cash tender offer (the "Notes Tender Offer") for Ford's unsecured, non-convertible debt securities listed in the table below (the "Notes").
Michigan Certified Development Corporation (MCDC) is pleased to announce Mike Chatas of United Structured Finance Company as their 2009 Partner of the Year, for his work in providing Michigan businesses with Small Business Administration (SBA) loan financing.
Plex Systems, Inc., today announced that Dennis Hodges, CIO of Inteva Products, LLC will speak at the upcoming IDC Software as a Service (SaaS) Summit about the benefits of implementing an on-demand integrated SaaS-based system.
Dan Stamper, president of the Detroit International Bridge Company, owners and operators of the Ambassador Bridge released the following statement today after the Michigan Strategic Fund approved up to $787 million in private activity bonds for the Ambassador Bridge Enhancement Project.
The International Academy of Design & Technology-Detroit (the Academy) has been granted accreditation by the Council of Interior Design Accreditation (CIDA) for its Interior Design (Bachelor of Fine Arts) degree program.
Automation Alley recently named Joe Gough “2008 Best Start-up Entrepreneur” for the development of a new greeting card/lottery game that promises to generate additional revenue for states that purchase the game.
Top economists from the University of Michigan will present their report on the economic future of Oakland County at the 24th Annual Economic Outlook Luncheon on Thursday, April 30, 2009 at the Rock Financial Showplace in Novi.
The Associated General Contractors of America, the leading national construction trade association representing all facets of commercial construction, recently announced that The Westin Book Cadillac Detroit received the 2009 Aon Build America Award for best renovation of the 453-room hotel and its more than 60 residences.
Automation Alley, Michigan’s largest technology business association driving growth in Southeast Michigan’s economy, announced today that the organization has been awarded more than $2 million in funding from the Omnibus Authorization Bill, which was signed into law today by President Obama.
Detroit Renaissance, a private, non-profit leadership organization dedicated to accelerating the region’s economic growth, announced today its opposition to the “retirement bonus” plan proposed recently by the Michigan Education Association (MEA).
Detroit Renaissance, a private, non-profit leadership organization dedicated to accelerating the region’s economic growth, announced today that three additional members were added to their board of directors.
Building on last Thursday’s forum at the White House, Dearborn, Michigan will host the first in a series of Regional White House Forums on Health Reform on Thursday, March 12 at 2:00pm EDT at the Ford Conference and Event Center.
New Enterprise Forum will host “Understanding the Investor/Investee Relationship – The Angel Stage,” a panel discussion that will illuminate the relationships and responsibilities that are formed between entrepreneurs and their angel investors.
Detroit Renaissance, a private, non-profit leadership organization dedicated to accelerating the region’s economic growth, announced today the addition of thirteen area business executives to its board of directors.
In a break from other automakers, Ford Motor Co. is signaling its support for blending more ethanol with gasoline used by most cars and trucks--blends as high as 15% in the immediate future, according to an exclusive report in this week’s issue of Kiplinger’s Biofuels Market Alert.
The state’s leading small business association, the National Federation of Independent Business, today slammed a state House resolution supporting the Employee Free Choice Act, commonly referred to as card check.
FEV, Inc., (FEV) a leading developer of advanced powertrain and vehicle technologies, announced today that it has commissioned the area’s first full Hybrid and Electric Vehicle Development Center (HEVDC) at its Auburn Hills campus.