SAIC Motor Corp., China’s largest automaker and a joint-venture partner with General Motors, is preparing to buy about $500 million worth of stock in the Detroit automaker, according to a newspaper website.
Shareholders of United’s parent company and Continental Airlines are voting on a deal that would create the world’s biggest airline.
The Renaissance Venture Capital Fund, Michigan’s venture capital fund-of-funds, announced that it has had its final closing on its first fund, raising a total of nearly $50 million in investments from some of the state’s […]
A powerful 7.0-magnitude earthquake struck much of New Zealand’s South Island early Saturday. No tsunami alert was issued and there were no reports of injuries, but the quake caused extensive damage.