Latest News Hot off the Press

January 27, 2019

This week is gearing up to be a busy one with events that have the potential to move markets in a big way. Earnings season crescendos, the Fed meets, and the monthly U.S. jobs report will be released.

For at least the next three weeks, the government has found some relief. President Trump announced on Friday that a deal had been reached to reopen the government until February 15. The shutdown was th...

January 20, 2019

As Detroit's office-sharing, co-working businesses such as WeWork grow, so are the businesses occupying their office space. 

Take Bloomscape Inc., an online plant company started last March in WeWork's first downtown Detroit co-working space. Bloomscape CEO Justin Mast founded the company with one employee in a small WeWork office and now has 11 employees in considerably larger quarters. 

WeWork meas...

January 17, 2019

Ford Motor Co. CEO Jim Hackett said Wednesday that the behind-the-scenes work he and his executive team have been doing in the 19 months since he was appointed to lead the company should start to pay off this year.

Ford expects financial results in 2019 should be an improvement over the year prior. The automaker reported it made 92 cents per share in 2018 — down from $1.90 per share in 2017.

The auto...

January 14, 2019

Local business leaders overwhelmingly agree that Metro Detroit could be the next technology hub in the United States, according to the first survey of its kind from global management firm Accenture plc.

As Southeast Michigan attracts Silicon Valley businesses looking to strengthen ties in the automotive industry and automakers work to reinvent themselves into tech companies, the future for opportuni...

January 9, 2019

In an economy where even bakers need to understand web analytics, every company is on some level a technology company. But there are, of course, the tech companies that blaze trails and create the breakthroughs that change our daily lives — and perhaps generate impressive profits along the way.

The experts consulted for this list say 2018 was not a time of new milestones for the local tech industry,...

January 4, 2019

Invest Michigan, an investment fund supported by the state-backed Michigan Strategic Fund, hit a major milestone at the end of 2018: it invested in its fiftieth company in four years.Ann Arbor’s Spellbound, which has developed a therapeutic tool to help kids cope with illness and engage in treatment through augmented reality technology, received the funding. (The amount was not disclosed.)

Invest M...

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