DETROIT — Comerica Bank’s Michigan Economic Activity Index rose 0.3 percentage points in November to a level of 119.4 after a slight decline in October.
LANSING — The Michigan Economic Development Corp. announced a new report that showed 248 new technology companies were created in Michigan last year, with private investment in those new companies totaling $710 million.
The 2014 Metrics Report released by the MEDC’s Office of Entrepreneurship, Innovation and Venture Capital showed that for every dollar the Michigan Strategic Fund spent on tech entrepreneurship last year, small tech companies raised $35 from the private sector and federal contracts.
SOUTHFIELD — The Southfield-based automotive seating and electrical parts supplier Lear Corp. (NYSE: LEA) reported net income of $261.6 million or $3.24 a share uin the fourth quarter, up sharply from $72.8 million or 88 cents a share in the fourth quarter of 2013. Revenue was $4.55 billion, up from $4.26 billion a year earlier.
For the full year, net income was $672.4 million or $8.23 a share, up from $431.4 million or $4.99 a share in 2013. Revenue was $17.73 billion, up from $16.23 billion in 2013.
SOUTHFIELD — Every day brings new revelations of hacking, identity theft and public document dumps of sensitive information. How do you keep your data safe? In Michigan, the place to turn for cybersecurity is the Michigan Cyber Range — when it comes to the Wild West that the World Wide Web can sometimes be, they’re the folks in the white hats.
And on March 26, The Engineering Society of Detroit is offering an exclusive members-only tour and demonstration of the Michigan Cyber Range’s capabilities.
The Cyber Range is a joint effort of Merit Network Inc. — Michigan’s original internet service provider — and Michigan state government. Located in Ann Arbor, the Cyber Range offers training in the latest techniques in cybersecurity.
On the tour, ESD members will get a chance to tour the facilities, hear real-life stories of battles with hackers, and observe an exercise in the Cyber Range’s virtual community, Alphaville.
Poor Alphaville. Its infrastructure is always under attack, from its power grid to its water system — even the library. Good thing Alphaville exists only in the memory banks of the Cyber Range. It’s where Cyber Range students hone their skills at defending against cyberattacks from the bad guys.
The ESD tour will begin with registration and networking at 2 p.m., with the program and tour running from 2:30 to 4 p.m.
The tour is $25 and you must be an ESD member to attend. If you’re not currently an ESD member, you can join ESD for $60 (a 40 percent discount) and take the tour for free. (This offer is good for new, first-time members only.)
To sign up for the tour, call (248) 353-0735, ext. 222.
Merit Network established the Cyber Range based on Gov. Rick Snyder’s 2011 Michigan Cyber Initiative. It’s led by Dr. Joe Adams, a veteran of 26 years in the United States Army, where he served as CIO of the National Defense University, a professor and research scientist at West Point, and network engineer for Supreme Headquarters, Allied Powers Europe.
The Cyber Range offers accredited courses leading to the security designations Certified Information Systems Security Officer (CISSO) and Certified Digital Forensics Engineer (CDFE). Courses include penetration testing, disaster recovery, incident handling, secure web application design, security leadership and more.
More about the Cyber Range at www.merit.edu/cyberrange.
SOUTHFIELD — A bequest of more than $5 million will be used to fund full scholarships for engineering students at Lawrence Technological University.
The money comes from a trust established by George and Dorothea G. Mink of Clinton Township. Mrs. Mink died in May 2013, and her husband, a former student, died two months later. They had no children.
The engineering scholarships, funded with the income from the permanent endowment, will be awarded starting with the fall semester in 2016.
ANN ARBOR — MichBio, the association for Michigan’s biosciences industry, has launched a statewide effort called the Michigan Bio-Industry Roadmap 2015.
The effort aims to create a five-year strategic plan for growing Michigan’s biosciences industry. It is being conducted in partnership with Business Leaders for Michigan. the statewide organization for corporate CEOs that was the successor to Detroit Renaissance, and the University Research Corridor, the combined research organization of Michigan State University, the University of Michigan and Wayne State University.
MIDLAND — Michigan’s chemical industry giant, Dow Chemical Co. (NYSE:DOW) Thursday reported lower fourth quarter and full-year net income, but that’s because of a one-time gains last year, including a huge lawsuit settlement.
The Midland-based company repoted net income of $734 million or 63 cents a share in the fourth quarter, vs. $963 million or 60 cents a share in the fourth quarter of 2013. Revenue was $14.38 billion, unchanged from a year earlier.
For the full year, Dow reported net income of $3.43 billion or $2.91 a share, down from $4.45 billion or $3.72 a share in 2013. Revenue was $58.17 billion, up from $57.08 billion a year earlier.
EAST LANSING — The third annual GreenLight Business Model Competition is now accepting applications to compete in the March competition. New this year is the Best Home Appliance Innovation Award, sponsored by Benton Harbor-based Whirlpool Corp.
DETROIT — AT&T Inc. Wednesday announced a further expansion of its high-speed 4G LTE wireless data network.
AT&T announced it has upgraded 19 mobile Internet cell sites throughout the southeast Michigan region, and one in northeast Lower Michigan.
SOUTHFIELD — It’s last call for presentation proposals for the 2015 DTE Energy – Engineering Society of Detroit Energy Conference and Exhibition, set for Tuesday, May 5 at the Suburban Collection Showplace in Novi.
The deadline for presentation abstracts is Friday, Jan. 30.
Those with expertise in energy technologies are invited to submit a
presentation proposal. Presentation time slots are 30 minutes and can feature a case study or proven example that addresses any of the following topics:
* Emerging technology that reduces energy consumption
* Energy optimization
* Financial issues
* Mechanical issues
* Project management
Now in its 18th year, this conference — the only one of its kind in Michigan — is designed to educate businesses in all industries and of all sizes on energy technology, products, and services that will assist them in successful energy management. The event draws close to 800 people every year.