May-June 2009

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Inside Business

Dow Announces Plan to Build and Operate a Pilot-Scale Algae-based Biorefinery

The Dow Chemical Company (NYSE: DOW) announced that it plans to work with Algenol Biofuels, Inc. to build and operate a pilot-scale algae-based integrated biorefinery that will convert CO2 into ethanol.

Palace Sports & Entertainment Names Levy Restaurants Hospitality Partner

Palace Sports & Entertainment today announced a new partnership with Levy Restaurants, the leader in premium sports and entertainment dining, for food and hospitality at the organization’s three premier venues.

ADR Launches ADR Academy Online for Procurement Professionals

Quickly changing world markets are testing the skills of supply management professionals, and ADR North America has responded to that need by launching the ADR Academy, an online resource for professional development.

DTE Energy Launches Energy Efficiency Programs to Help Customers Save Energy and Money

DTE Energy today launched a comprehensive program to help its customers improve the energy efficiency of their homes and businesses.

MDOT's Ambassador Bridge Lawsuit Fogs Facts

The Michigan Department of Transportation's (MDOT) lawsuit filed yesterday against the Detroit International Bridge Company (DIBC) is surprising because we have been trying to resolve the many issues in dispute with MDOT for a long time.

Blue Cross Blue Shield of Michigan Expands Partnership

$6 million expansion will support statewide efforts to save lives, improve health care quality and reduce medical costs.

One in Five U.S. Companies Eliminating 401(k) Matching

A recent survey of U.S. companies finds that 29 percent have already modified, or currently intend to modify, the matching contribution feature in their 401(k) plans during the 2009 plan year.

The Auto Industry is Charging Its Batteries!

Registration is now open for The Business of Plugging In(SM) October 19-21 - The first plug-in electric vehicle conference to be held in Detroit.

Detroit International Bridge Company Conducts Onsite Briefing

The Detroit International Bridge Company (DIBC), owners of the Ambassador Bridge, hold a press conference and tour at the Bridge to highlight actions of the Michigan Department of Transportation (MDOT) that have impeded progress on the Ambassador Bridge Gateway Project, significantly impacting the efficiency of traffic flow at the U.S.-Canada border, and provide an update on the Project.

Economic Development Coalition Releases Report on Regional Economic Successes

The Economic Development Coalition of Southeast Michigan (EDCSEM) today released its report of business attraction and expansion successes during the period of January 1, 2008 through December 31, 2008.

Grant Thornton LLP Says Transplant Manufacturers Will Out-Build Detroit in 2012

The U.S. government's estimated $140 billion investment in the domestic auto industry may begin to pay off by 2012 with all three domestic automakers predicting a return to profitability.

ITC, Mitsubishi Electric Strengthen Strategic Alliance

Companies will share technology, other engineering resources

Rock Financial Showplace Adds Corporate Optics As New Audio-Visual Resource Partner

The Rock Financial Showplace and Diamond Banquet Center have added a third A/V presentation resource option to serve the needs of their corporate and business meeting clientele.

The National Summit Sparks Discussion of America's Economy

"Major Paradigm Shift" Emerges at Three-day Gathering.

R. L. Polk Launches Online Solutions for National Vehicle Population Profile(R) Information

State-of-the-art Technology Offers Industry's Only Online Vehicle Population Statistics System.

DMC Children's Hospital of Michigan Ranked Among America's Best by U.S.News & World Report

DMC Children's Hospital of Michigan has again ranked among the nation's top 30 pediatric hospitals, according to U.S.News & World Report's annual America's Best Children's Hospitals survey.

Michigan State Medical Society Collaborates With Microsoft to Expand Health Care Technology in Michigan

MSMS Connects With HealthVault to Make Health Management Easier and More Effective

Ross School's Frankel Fund Announces New Investment

The Frankel Commercialization Fund, a student-managed venture capital seed fund at the University of Michigan's Ross School of Business, has announced an investment of $80,000 in Accio Energy

The Target Fireworks to Light Up the Detroit Skyline

Tickets Available to The Parade Company’s Hottest Fundraiser featuring Iron Chef Michael Symon

Lifevision 3D System on Display at the National Summit

Glasses-free 3D display has applications in medical, entertainment, manufacturing and defense

Compuware Covisint Extends Global Supplier Portal Contract with Daimler AG

Covisint to Continue Providing Daimler With Access to Critical Business Information and Applications for More Than 50,000 of its Supplier Users Globally

Coast Guard Seeks Retribution Over Detroit International Bridge Company

Abeyance Letter Issued on Ambassador Bridge Replacement Span

Treat Dad to a One-of-a-Kind Classic Car Show at Motor Muster

More than 500 classic automobiles from the 1930s to the 1970s will cruise through the streets of Greenfield Village this Father’s Day Weekend during its annual Motor Muster event, June 20-21.

Planning Alternatives, Ltd. and Oakland Wealth Management Combine Business Operations

Newly Expanded Firm to Retain Planning Alternatives Name.

Smart Factories: Bes Way to Create Jobs in U.S. Manufacturing

Rockwell Automation CEO Proposes New U.S. Industrial Policy that Focuses on Innovation, Investment and Education to Support Smart Factorie.

Detroit APBA Gold Cup Races Announced for July 10-12

Historic Second 100th Running Of The Gold Cup Brings Speed, Excitement To Detroit's Riverfront.

More New-Car Shoppers Expect Gas Prices to Skyrocket Market Intelligence Survey Shows Shoppers Likely to Change Vehicle Choices, Spending Habits as Gas Prices Rise.

Unique Structure Provides Howard & Howard with Ability to Maintain Corporate Giving Program

As companies both large and small move to cut costs and maximize profits in response to the effects of the economy, corporate giving programs often have been put on the back burner.

Nation's Leaders Gather In Detroit To Address Economic Issues

With timing and a location that underscore the urgent and historic nature of its mission, The National Summit will bring a broad spectrum of America's leaders together June 15-17 in Detroit to discuss and advance a national economic agenda.

Cooley Law School Names Top Official of its Newly Announced Ann Arbor Campus

TheThomas M.Cooley LawSchool announced today that Joan Vestrand, professor of law and assistant dean at the Auburn Hills campus, has been promoted to the position of associate dean and will lead the school’s efforts at its Ann Arbor campus.

Chrysler Group LLC and Fiat Finalize Global Strategic Alliance

Chrysler Group LLC and Fiat Group announced today that they have finalized their previously announced global strategic alliance, forming a "new" Chrysler that has the resources, technology and worldwide distribution network required to compete effectively on a global scale.

Compuware Strengthens Business Service Delivery Strategy With Major New Product Release

Compuware Arms IT to Overcome the End-to-End Application Performance Challenge, Reduce Costs and Improve Customer Satisfaction.

30th Anniversary Meadow Brook Concours d’Elegance

For its 30th anniversary, the Meadow Brook Concours d’Elegance is revving things up with Stock Cars and Gassers from the 1960’s!

Landmark Entrepreneurship Initiative Launched at Wayne State University’s “TechTown”

A historic entrepreneurship initiative unfolding in the heart of the Motor City may become a model that can cities nationwide can replicate to spur America’s economic recovery over the next decade.

Ford and Hydro-Quebec Work Together to Develop Electric Vehicles

Ford Motor Company and Hydro-Québec announced today that Hydro-Québec has joined a North America wide demonstration and research program on plug-in hybrid electric vehicles (PHEVs).

Greektown Casino-Hotel Increases Revenue 7.2 Percent While Detroit Gaming Market Decreases 4.2 Percent

While the overall gaming market in Detroit saw a 4.2 percent decline in May, Greektown Casino-Hotel bucked the trend once again with a stunning 7.2 percent year-over-year revenue increase for the month.

Wayne State University Researcher Defines New Treatment Intervention Recommendations for Mini-strokes

Thomas M. Cooley Law School to Open Campus in Ann Arbor

One hundred thirty-eight years after Thomas M. Cooley became the University of Michigan Law School’s second dean, the law school that bears his name announced that it will open a campus in Ann Arbor in September 2009.

Different by Design: New Exhibit to Explore Edsel Ford's Style & Design

Certain moments in the history of the automobile design industry are well documented: The production of the 1927 Ford Model A, the introduction of the 1932 Ford V-8 Cabriolet and the launch of the sensational 1935 Lincoln Zephyr.

More Than 400 Participate in Detroit Workshop to Help Manufacturers

Representatives from hundreds of Michigan companies participated in a day-long regional manufacturing outreach workshop at the MGM Grand.

Introduction of 'Pure Michigan' Funding Package Hailed by Tourism Industry

Legislation introduced to provide ongoing funding for the "Pure Michigan" campaign is being applauded by all segments of Michigan's tourism industry; this state's third largest industry.

General Motors, Penske Outline Proposed Deal for Purchase of Saturn

General Motors Corp. and Penske Automotive Group today confirmed details of a proposed transaction under which Penske would acquire the Saturn brand.

American Axle & Manufacturing Regains Compliance with NYSE Listing Standard

American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the New York Stock Exchange (NYSE), announced that AAM was notified by the NYSE that it has regained compliance with NYSE's continued listing standards.

Wayne State University Opens State-of-the-science Training Center Facility

The Wayne State University School of Medicine this week celebrates the opening of the Richard J. Mazurek, M.D., Medical Education Commons, the new education hub for Michigan physicians and the new face of the nation’s largest single-campus medical college.

Dow Captures Solar Power with Fluid Technology

he Dow Chemical Company (NYSE: DOW) is shedding light on Concentrating Solar Power systems (CSP) with DOWTHERM(TM) A heat transfer fluids which collect, transport and store solar generated he

Foley Partner Appointed Deputy General Counsel of United States Department of Commerce

Foley & Lardner LLP announced today that Nicole Y. Lamb-Hale, managing partner of the firm’s Detroit office and member of its Bankruptcy & Business Reorganizations and Finance & Financial Services Practices, and Automotive Industry Team has been appointed Deputy General Counsel of the United States Department of Commerce.

PGW Automotive Glass Improves Fuel Efficiency Up to 6 MPG, Reduces CO2 Emissions for PHEV

The U.S. Department of Energy's National Renewable Energy Laboratory (NREL) and Pittsburgh Glass Works LLC (PGW) recently concluded testing which shows that Sungate(R) EP automotive glass improves fuel efficiency and cabin comfort in plug-in hybrid electric vehicles (PHEVs).

TechTown's Forum Helps Local Businesses Bridge the Culture Gap and Do Business with India

Detroit business owners looking to explore new markets in a stagnant economy should come to the Indian Business Forum on June 9 at TechTown to learn how to overcome cultural differences that inhibit business interactions.

Building Industry Association Presents Green Built Introduction to Green Building

Building Industry Association of Southeastern Michigan (BIA) presents Green Built™ of Southeastern Michigan Introduction to Green Building on Wednesday, July 8, 2009 from 9:00 a.m. to 10:30 a.m. at Association Offices, 30375 Northwestern Highway, Suite 100, in Farmington Hills.

Walsh College and Ford Motor Company Fund and Community Services Team up to Offer New Workshops

June 8 kick-off event at Walsh College Troy campus to feature panel discussion, networking workshop, and job seekers networking event.

Magna Announces Continuing Involvement in Proposed Opel Solution

Magna International Inc. (TSX: MG.A, NYSE: MGA) announced today that, following extensive negotiations over the past several days with various stakeholders, including representatives of German federal and state governments

Lear Elects to Exercise 30-Day Grace Period for Pending Interest Payments

Lear Corporation (NYSE:LEA) , a leading global supplier of automotive seating systems, electrical distribution systems and electronic products, announced today that it has chosen not to make semi-annual interest payments of approximately $38 million due on June 1, 2009

Caraco Pharmaceutical Laboratories, Ltd. Reports Results for the Fiscal Year 2009, Updates on FDA Inspection

Caraco Pharmaceutical Laboratories, Ltd. (NYSE Amex: CPD) recorded net sales of $337.2 million during Fiscal 2009 compared to $350.4 million during Fiscal 2008.

Energy-Efficient Engine Technology Wins Ford Team National Inventor of the Year Award

The Intellectual Property Owners Education Foundation is honoring the inventors of the Ford-patented Plasma Transferred Wire Arc (PTWA) technology used to apply coatings on engine cylinder bores with the 2009 National Inventor of the Year Award.

Eagle Ottawa - Redefining Luxury

Eagle Ottawa’s Vice President of Design and Marketing Pat Oldenkamp participated in a breakout discussion on redefining the premium interior at the Ward’s Auto Interiors Conference May 21, 2009.

New GMAC Board of Directors is Established

GMAC Financial Services today announced that Michael A. Carpenter, Mayree C. Clark and Franklin (Fritz) W. Hobbs were named as independent directors to GMAC's board of directors, effective immediately.

Bosch Generated 13 Percent of Global Sales in North America

In 2008, the Bosch Group generated sales of $8.6 billion in the U.S., Canada and Mexico, representing 13 percent of the company’s global sales of $66.4 billion.

GVSU Professor Publishes Book on Business Processes

When it comes to making business run efficiently, it's all about integration, according to Simha Magal, professor of management in Grand Valley State University's Seidman College of Business.

Compuware Establishes Leadership in Fast-Growing End User Experience Market

Market Growth Driven by Cost Optimization and Need to Retain Customers; Compuware Well-Positioned for Continued Success.

Beringea’s InvestMichigan! Growth Capital Fund makes investment in Bloomfield Hills

Beringea, one of the managers of the InvestMichigan! Growth Capital Fund and Michigan’s largest venture capital firm, announced an investment in Bloomfield Hills, Mich.-based gloStream, a healthcare software company that develops and sells certified electronic medical record (“EMR”) and practice management (“PM”) solutions.

Art Van Furniture Announces $1 Million Charity Challenge to Benefit Michigan’s Children

In honor of its 50th anniversary, Art Van Furniture has committed to supporting Michigan-based children, health and human services programs by providing $1 million to fund 50 grants ranging from $5,000 to $50,000.

DIAS Holding Strengthens Strategic Alliance With Major Chinese Auto Parts Center

DIAS Holding, Inc. (OTC:DSHL) (BULLETIN BOARD: DSHL) , owner and operator of the Detroit International Auto Salon (DIAS), with 300,000 square feet of exhibition space for Asian companies to display their abilities as component resources

Consumers Energy Teams up with Ford Motor Co., Other Utilities on a Proposal to Promote the Use of Electric Vehicles

Consumers Energy has teamed up with Ford Motor Co. and 14 other utilities on a proposal for a national pilot project to promote the use of electric vehicles.

GMAC Financial Services Announces Key Capital and Liquidity Actions

GMAC Financial Services today announced several key actions that significantly improve the company's capital position and access to liquidity.

Detroit Edison Seeks Information on Wind Energy Projects

Detroit Edison today issued a Request for Information (RFI) to identify potential partners interested in jointly developing wind energy projects with the company.

Michigan Leadership to Discuss the State’s Efforts to Bring Green Alternatives to the Motor City

EcoTuesday Detroit, Michigan’s preeminent green grassroots organization dedicated to serving and inspiring business leaders, will host Liesl Eichler Clark, deputy director of the Michigan Department of Energy, Labor and Economic Growth (DELEG) for a discussion on greening Michigan at its next meeting on Tuesday, May 26, from 6 p.m. to 9 p.m. at The Old Shillelagh in Detroit.

Dow to Divest Calcium Chloride Business and Interests in TRN Refinery

Company's plans to pay down debt and enhance cash flow progressing ahead of schedule.

BorgWarner Celebrates Centennial Era at Indianapolis Motor Speedway

On May 24, thirty-three drivers will rev up their engines during the first race of the Centennial Era at the Indianapolis Motor Speedway. The winner of "the Greatest Spectacle in Racing" will cruise down Victory Lane at the legendary Brickyard, earning a place in racing history as well as a place on the prestigious BorgWarner Indianapolis 500 Trophy(R).

Typical Spring Selling Boost Has Been Tempered by Consumer Uncertainty

While the rate of decline in new-vehicle retail sales has slowed in May, compared with the previous 12 months, a high level of consumer uncertainty remains, which has led to a flattening of retail sales and a projected delay in market recovery of two to three months beyond the spring selling season, according to J.D. Power and Associates, which gathers real-time transaction data from more than 10,000 dealerships across the United States.

$15 Million to Develop New University Prep Science & Math High School On Detroit’s Riverfront

The Community Foundation for Southeast Michigan, Thompson Education Foundation and University Prep Science & Math (UPSM) today announced the beginning of renovation and construction for a new high school on Detroit’s near-east side.

Excellence Identified and Honored by AIA

The American Institute of Architects Michigan presented plaques for architectural excellence to the owners, architects and constructors of 10 buildings at its annual Celebration of Architecture on May 15 at the Book Cadillac Hotel in Detroitv

CITIGROUP CEO to Address The National Summit

Vikram S. Pandit, CEO, Citigroup Inc., is among more than a dozen new speakers announced today by The National Summit, which will bring the country’s leaders together

Azure Dynamics Signs New Agreements With Thirteen Additional Dealerships

Azure Dynamics Corporation (TSX: AZD) - ("Azure" or the "Company"), a leading developer of innovative hybrid green technologies that address environmental and cost issues for operators of shuttle buses and commercial vehicle fleets, announced today it has signed agreements with thirteen additional dealerships to represent Azure's innovative Balance(TM) Hybrid Electric Drive System.

Employee Benefits Website Revolutionizes Customer Accessibility & Improves Workflow

The Benefits Group, a Michigan-based employee benefits brokerage firm, announces a new web based technology solution proven to cut costs and increase efficiencies.

NBS Merges with Bay City and Lansing-based Allied Office Interiors

NBS, a longstanding provider of workplace furniture and related products is pleased to announce the acquisition of Bay City and Lansing based Allied Office Interiors.

New Economy Initiative Announces $9.25 Million Investment

Partnership with Kauffman Foundation will Refocus Talents of Unemployed and Underemployed into New Areas.

North American Debut of Unique Alfa 8C Scheduled for Meadow Brook Concours

A one-of-a-kind 1934 Alfa Romeo 8C 2300 (serial no. 2311237) will make its North American Debut at the 30th Anniversary Meadow Brook Concours d’Elegance on August 2, 2009.

Ricardo Helps Shape CAFE Fuel Economy Ruling

Ricardo, Inc., a leading independent provider of technology, product innovation and engineering solutions to the world's automotive, military, transport and new energy industries, has announced that is has provided technical support to the National Highway Traffic Safety Administration (NHTSA) on the final 2009 Light Duty vehicle CAFE rulemaking which will come into force for 2011.

The National Summit Posts Meeting Agenda

The National Summit today posted a preliminary agenda of panel discussion topics and speakers at for the gathering scheduled for June 15-17 in Detroit.

Michigan Business Tax Incentives Miss the Mark and Waste Taxpayer Money Economic Study Proves What Small Business Knows

The state’s largest small business association, the National Federation of Independent Business, has called the Anderson Economic Group study on Michigan business tax incentives “spot-on” in its conclusion that the efforts are mostly ineffective.

Prominent Figures in Port Authority History to Present New Technologies in Transportation Security

Great Lakes Region Welcomes SecurePort® 2009 Conference on June 1, Hosted by Detroit/Wayne County Port Authority.

Injunction Sought Against Unnecessary New Detroit International Bridge Crossing

Leading Southwest Detroit Community Organizations and Detroit International Bridge Company Unite to Sue U.S. Department of Transportation Over Flawed Decision Making Process.

DTE Energy Invests in Advanced Battery Maker A123Systems

DTE Energy Ventures recently made an equity investment in Massachusetts-based A123Systems, which is developing lithium ion batteries for automotive applications and announced plans to open a manufacturing plant in Livonia, Mich.

Detroit Metro Airport Receives $15 Million Stimulus Grant for Runway Rehabilitation

As many as 225 excavators, pavers, haulers, electricians and other construction workers are anticipated to be hard at work at Detroit Metro Airport this summer, thanks to a $15 million grant awarded to the Wayne County Airport Authority (WCAA) as part of the American Recovery and Reinvestment Act (ARRA) of 2009.

Entertainment Yacht Company Keeps Business Afloat Despite Tough Economic Times

Steven Rybicki, VP & General Manager of locally based Infinity and Ovation Yacht Charters, said he is experiencing an increase in several market segments in its daily cruise business on the Detroit River and Lake St. Clair.

SEMA Seeks Protection for Collector Cars and Parts

The Specialty Equipment Market Association (SEMA) urged Congress to include two additional provisions to controversial legislation that would provide a government voucher to consumers who buy a new car in exchange for scrapping a less fuel-efficient vehicle.

Azure Dynamics Balance(TM) Hybrid Electric to Deliver Mail at the University of Alberta

Azure Dynamics Corporation (TSX: AZD) - ("Azure") or (the "Company"), a leading developer of state-of-the-art green technologies that address environmental and cost issues for the commercial transportation industry, announced today that four Balance(TM) Hybrid Electric trucks were sold to the University of Alberta.

New Online Resource for Consumers, Athletes and Coaches Concerned about Athletic Banned Substances

Recent news stories on steroid use in sports continue to emphasize the importance of screening dietary supplements and sports nutrition products for banned substances.

MHPN Announces 2009 Awards

The Michigan Historic Preservation Network (MHPN) is pleased to announce our 2009 Historic Preservation Awards winners.

Ritchie Bros. Auctioneers to Sell Hundreds of Lifting Equipment Items and Cranes

Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will be holding two unreserved public auctions in Detroit in May and June.

CREW Detroit Announces Call for Entries for Annual IMPACT Awards Program

The Detroit chapter of Commercial Real Estate Women (CREW Detroit) announces a call for entries for its 8th annual IMPACT Awards, honoring commercial properties with a positive impact on Southeast Michigan.

Energy Conversion Devices and Enfinity Announce Framework Agreement for Co-Development of Solar Projects

Energy Conversion Devices, Inc. (ECD) (NASDAQ:ENER) and Enfinity, NV today announced plans to co-develop a portfolio of rooftop solar installations throughout the U.S., as well as in numerous European countries, including Belgium, Germany, France, Italy, Spain and the Czech Republic.

Franklin Wind Energy Debuts New Vertical Axis Wind Turbine at AWEA

Franklin Wind Energy Group unveiled its latest wind turbine product this week at the AWEA Windpower 2009 conference in Chicago.

Bacteria Create Aquatic Superbugs in Waste Treatment Plants

For bacteria in wastewater treatment plants, the stars align perfectly to create a hedonistic mating ground for antibiotic-resistant superbugs eventually discharged into streams and lakes.

Consumers Energy Invites Bids for New Michigan-Based Renewable Energy Projects; Supports Implementation of New Energy Law

Consumers Energy is inviting developers of renewable energy projects to submit bids to supply green power to serve the utility's customers.

Detroit Celebrates National Transportation Week May 9-16

The Detroit Metro Convention & Visitors Bureau announced today that National Transportation Week (NTW) is back in The D for its third consecutive year, May 9-16.

Business Community Calls For Aggressive Spending Reductions

Today the Detroit Regional Chamber called on the Michigan legislature and Governor Jennifer Granholm to cut spending and immediately pass long term structural reforms to right-size Michigan’s budget.

Patterson Launches Four County Economic Growth Alliance to Develop and Promote Business Opportunities

Oakland County Executive L. Brooks Patterson and top officials from Genesee, Livingston and St. Clair counties Tuesday announced the formation of the Economic Growth Alliance to collaborate on joint opportunities for economic growth, diversification and affect legislation that may impact the four counties.

Online Registration Open Now For Oakland County Green Summit

Business owners, developers, lenders, community officials and those interested in turning their green operation into money in their pockets are encouraged to register for Oakland County’s Green Summit: Your Green Bottom Line.
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Business Features

Michigan's Fortune 1000

These 29 companies are global leaders in the automotive, consumer products, furniture, and home furnishings sectors, producing some of the best-known brands in the world.

Motor Miser

Tougher emissions laws will eventually help hybrid vehicle sales, but people like Kyle Schwulst aren’t waiting for regulations to dictate market conditions.

A Scholastic Versailles

Before General Motors Corp. developed its famed technical center in Warren, akin to an industrial Versailles, the automaker created the world’s first concept car, automatic transmission, and hundreds of other advances at its Argonaut Building in Detroit’s New Center.

Hold the Credits

Some 50 films will be shot in Michigan this year, but more work needs to be done if the movie industry is to become a major contributor to the state economy.
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From the Magazine

Somebody’d Better Contact Joe

The Grosse Pointe Shores resident, who’s sold more than 5 million books, including How to Sell Anything to Anybody and How to Close Every Sale, has reached out to General Motors Corp., Ford Motor Co., and Chrysler LLC in recent years
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