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Crain's Detroit Business articles from May 2008

27,133 total articles

Leading source for weekly business news, analysis, and commentary for Detroit area. Reports on area companies, executives, and business owners in manufacturing, finance, healthcare, real estate, higher education, government, non-profit, technology, small business, law, and more.

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<a href="http://www.highbeam.com/Crain~P~s+Detroit+Business/publications.aspx?date=200805" title="Articles and back issues from Crain's Detroit Business">Crain's Detroit Business articles</a>

Crain's Detroit Business back issues from May 2008:

Bankruptcies.(United States. Bankruptcy Court)(Brief article)

May 05, 2008 ... The following businesses filed for Chapter 7 or 11 protection in U.S. Bankruptcy Court in Detroit April 25-May 1. Under Chapter 11, a company files a reorganization plan that the court must approve. Chapter 7 involves total liquidation. Al-Maha Enterprises Co. Inc., 1808 Crooks ...

Week in Review.(Briefs)

May 05, 2008 ... Judge releases more Kilpatrick, Beatty text messages * Tuesday, an 18-page court document containing additional text messages between Detroit Mayor Kwame Kilpatrick, his former Chief of Staff Christine Beatty and other officials was released by Wayne County Circuit Court Judge ...

In the spotlight.(People)(Huron Valley-Sinai Hospital)(Brief article)

May 05, 2008 ... The Detroit Medical Center has named Reginald Eadie vice president for medical affairs for DMC Harper University Hospital and DMC Hutzel Women's Hospital in Detroit. He previously practiced emergency medicine at DMC Sinai Grace Hospital and DMC Detroit Receiving Hospital. Eadie, ...

Diminished tax credits, tighter standards toughen funding search.(Focus)

May 05, 2008; ... Byline: Tom Henderson Like seemingly all things financial, funding for brownfield redevelopment is in flux. Some big banks that have traditionally been buyers of tax credits are now losing money and can't use credits. And they aren't funding deals, either. Banks that ...

Homemade music; Software lets musicians create at home, forces studios to adapt.(Business Lives)

May 05, 2008; ... Byline: Kelli Kavanaugh If the thought of a recording studio conjures up an image of a sterile sound room and a nervous musician sweating a tight deadline, you would not necessarily be wrong. But as recording software and equipment become more and more available to the ...

A conversation with Robert Colangelo, National Brownfield Associations.(Focus)(National Brownfield Associations)(Interview)

May 05, 2008; ... Byline: Amy Lane Crain's reporter Amy Lane talked with Robert Colangelo, CEO of the Chicago-based National Brownfield Associations, about Michigan's brownfield cleanup track record and brownfield trends. Michigan officials are looking at the potential of a new environmental ...

Cullen's move raises speculation on new role, successor.(News)

May 05, 2008; ... Byline: Ryan Beene, Robert Ankeny When Matt Cullen joins Quicken Loans Inc. in June as president and COO of a yet-to-be-formed holding company called Rock Enterprises, he will be charged with overseeing a vast and diverse business portfolio. "My role is to augment Dan ...

I think we're all running out of ideas.(Column)(Column)

May 05, 2008; ... Byline: KEITH CRAIN Our mayor claims that he is still able to do his job without any distractions from his ongoing defense. How can that be? I happen to be distracted by everything related to his upcoming trial. How can any of us really believe our mayor isn't ...

Beaumont weighs choices after proton-beam ruling.(News)

May 05, 2008; ... Byline: Jay Greene William Beaumont Hospitals is weighing its options after the state Certificate of Need Commission voted 10-0 on Wednesday to change CON rules to require a single statewide collaborative of hospitals to build and operate an estimated $160 million proton-beam ...

House, Senate to debate high-risk pool, rates for Blues.(News)

May 05, 2008; ... Byline: Jay Greene Insurance reform can be a messy business. Michigan House and Senate leaders are expected to start work this week on a compromise to two Senate-approved bills on individual market reform that are radically different from those approved in the House ...

Less remodeling and fewer new homes buffet Masco's earnings.(News)

May 05, 2008 ... Byline: Nancy Kaffer, Chad Halcom "Hang in there, guys.'' That's how one Wall Street analyst signed off a conference call with Masco Corp. (NYSE: MAS) executives last week. The Taylor-based maker of home fixtures and furnishings posted dismal first-quarter ...

Fairlane Green a model of landfill redemption.(Focus)(Brief article)

May 05, 2008; ... Byline: Maureen McDonald Shoppers seeking bargains at Target or Bed Bath & Beyond in Allen Park's Fairlane Green retail center walk over an asphalt parking lot and into their favorite stores. Unseen is the extraordinary efforts by developers to transform the 234-acre landfill ...

Gallery crawl to spotlight arts community.(Business Lives)(Metro Detroit)

May 05, 2008; ... Byline: Elizabeth Voss Metro Detroit has top-quality art blooming in its own backyard, yet it's hard pressed for sunshine. But does it get deserved attention? This weekend 82 arts venues will join forces to produce Art Detroit Now - a gigantic gallery crawl through 16 ...

Corrections.(Correction)(Correction notice)

May 05, 2008 ... * Radio personality Dick Purtan and collaborator Tom Ryan split up in 1983 from CKLW 800 AM. A Rumblings item on Page 26 in the April 28 edition gave an incorrect station and year. * A story and photo caption on Page 1 of the April 28 issue gave an incorrect employer for George ...

Hear homegrown musicians' homemade music.(News)

May 05, 2008; ... Byline: Kevin Hill Studio time isn't cheap, as you'll discover when reading about the local music industry in this issue's Business Lives section. You can hear the results of the trend toward more home-based recording by listening on our Web site to a few tracks by ...

Brownfield cleanup needs bond program.(Opinion)(Viewpoint essay)(Brief article)

May 05, 2008 ... Michigan has one of the biggest toolboxes in the country to help redevelop contaminated or blighted sites. State and federal tax credits, state bond money and tax-increment financing through the state Brownfield Redevelopment Authority are just some of the tools that have helped ...

New brownfield movement turns waste into 'gold'.(Focus)

May 05, 2008; ... Byline: Maureen McDonald New thinking in the estimated $3 billion brownfield movement in the United States - particularly in the industrialized Midwest - involves ways of transforming manufacturing waste into productive applications. Architect, designer and consultant ...

People.(The College for Creative Studies)

May 05, 2008 ... education Elizabeth Klos to director of annual giving and donor services, The College for Creative Studies, Detroit, from senior development officer, St. John Hospital Foundation, Detroit. Also, Terese Nehra to director of alumni relations, from assistant director, development ...

Golf tournament aims for $1 million to fight MD.(Business Lives)(Muscular Dystrophy Association)(Donadio Financial Services )

May 05, 2008; ... Byline: Sherri Begin Tony Donadio is driving toward a different kind of green for the Muscular Dystrophy Association's June 19 golf outing. He's hoping to pass the $1 million mark for the total amount raised at the nonprofit's annual outing. Donadio, vice ...

Megachurches turn to pros to raise megabucks; Troy church gets $17 million in pledges in 2 days.(News)(Kensington Community Church)

May 05, 2008; ... Byline: Sherri Begin Troy-based Kensington Community Church did something in two days in March that most nonprofits can only dream of - raise more than $17 million in pledges from its 11,000 members for a capital campaign. Other nonprofits should take heed: Kensington ...

States take the lead to help creation of green brownfields.(Focus)

May 05, 2008; ... Byline: Patrick Rollens Brownfield redevelopment counts green building as a close sibling in the environmental business, but there's not yet a single, authoritative resource for developers seeking to unite the two concepts, according to experts. "It's been my ...

Midwest states among leaders in redevelopment.(Focus)

May 05, 2008; ... Byline: Marti Benedetti The creative approaches by Midwestern states to completing successful brownfield redevelopment projects have made them models for the rest of the country, according to brownfield redevelopment leaders. "These states have a very diverse and rich ...

Rumblings.(Royal Oak's Superior Fish)

May 05, 2008 ... Superior Fish nets Wings playoff payoff For Royal Oak's Superior Fish, the Motor City's weirdest hockey tradition - octopus tossing - is a win-win situation, with increased foot traffic, a minor bump in revenue and a whole lot of goodwill. In a typical week, Superior ...

N.Y. style finds a jazzy east-side home; Dirty Dog's owner determined to give Detroiters a taste of 52nd Street.(Business Lives)(New York)

May 05, 2008; ... Byline: Nathan Skid When it comes to the Dirty Dog Jazz Cafe, Gretchen Valade refuses to be swayed by budgets or bottom lines. Her goal is to give Detroiters the experience she remembers from her days as a teenager on 52nd Street in New York. "New York has a feeling ...

Business Diary.(Briefs)(J.S. Vig Construction contracts with Bingham Farms)

May 05, 2008 ... acquisitions AxleTech International, a Troy-based automotive supplier, has acquired Detroit-based brake maker Truck Trailer Transit for an undisclosed amount. AxleTech is owned by private-equity firm The Carlyle Group. Annual revenue for the firm's portfolio totals more than $30 ...

Scene stealer? Incentives draw `gold rush' of film-related work to state.

May 05, 2008; ... Byline: Daniel Duggan, Bill Shea When Gov. Jennifer Granholm signed a package of incentives for filmmakers, Chuck Speed was ready to go. COO of Los Angeles-based Lexicon Entertainment, he's seen the cycle of incentives in other states and has learned one thing - there ...

MIST Innovations among those pitching for funding.(News)

May 05, 2008; ... Byline: Tom Henderson Detroit-based MIST Innovations Inc. is one of 30 companies that will be making pitches for money at the 27th Michigan Growth Capital Symposium in Ypsilanti on May 14-15. MIST - which stands for mobility, information, security and technology - ...

Venture-capital forum has room for optimism.(News)

May 05, 2008; ... Byline: Tom Henderson David Brophy, an associate professor of finance at the University of Michigan and director of the school's Center for Venture Capital and Private Equity, doesn't see a light at the end of the venture-capital tunnel at the approach of the 27th Michigan ...

Born into real estate; ULI to honor Jerome Schostak for a lifetime of making deals, setting trends.(News)(Urban Land Institute)

May 05, 2008; ... Byline: Daniel Duggan Asked how long he's been in the real estate business, Jerome Schostak's answer carries a bit of humor and a bit of truth. "75 years,'' said the 75-year-old. "I was born into it. There was never any doubt about what I would do with my ...

Most Macomb businesses back proposal for a county exec.(News)

May 05, 2008; ... Byline: Chad Halcom Members of Macomb County's business community are mostly behind an executive government proposal before voters Tuesday, with a handful of dissenters clashing about whether the investment in a costly electoral process will yield a clear return. ...

Area execs back green spending if it yields green.(Survey)

May 05, 2008; ... Byline: Chad Halcom Southeast Michigan executives favor spending on the environment if it yields a return, or if it benefits the public without a significant dent in the bottom line. But shelling out big green just to go green is a tougher sell, according to a recent ...

Every cleanup project presents its challenges.(Focus)

May 05, 2008; ... Byline: Daniel Duggan Developers and environmental engineers can clean up just about any kind of mess that's left on a site, thanks to advances in technology. Nevertheless, people in the industry keep their own lists of the worst site challenges. Crain's set out to ...

This Just In.(appointments)

May 05, 2008 ... UM architecture school names new dean The A. Alfred Taubman College of Architecture and Urban Planning at the University of Michigan has named Monica Ponce de Leon as its new dean. Ponce de Leon is professor of architecture and director of the digital lab at the ...

A tip of the hat to the Belle Isle Women's Committee.(Business Lives)

May 05, 2008; ... Byline: Julie Yolles It was tax day when 115 women plus a few good men got together to drink, eat, shop for hats and strategize over an important charitable deduction. The scene was the Benefactor Party, a pre-glow of sorts to the upcoming Belle Isle Legacy Luncheon ...

Esperion buyback goal: More drug offerings.(Esperion Therapeutics Inc.)(Pfizer Inc.)

May 05, 2008; ... Byline: Tom Henderson Roger Newton hopes he can make history repeat itself by reinventing Esperion Therapeutics Inc., one of the most successful start-ups in Michigan history. A group of venture-capital partners has bet nearly $23 million that he will succeed. ...

Calendar.(Calendar)

May 05, 2008 ... Tuesday May 6 ESD/DTE Energy Conference & Exhibition. 7:30 a.m.-3:30 p.m. Engineering Society of Detroit and DTE Energy. With more than 100 exhibitors. Rock Financial Showplace, Novi. $65 ESD members, $85 nonmembers. Contact: Tim Walker, (248) 353-0735, ext. 4115. ...

`Work hard, play hard'.(Business Lives)(McLaren Health Care Corp.)(Brief article)

May 05, 2008; ... Byline: Leah Boyd Phil Incarnati McLaren Health Care Corp. When you're the CEO of a major health care corporation with 24/7 operations, there isn't much time for leisure. But Phil Incarnati, of Flint-based McLaren Health Care Corp., said he's a "work ...

Brownfields: Prime time for growth; High suburban land costs, incentives, green movement drive return to cities.(Focus)

May 05, 2008; ... Byline: Daniel Duggan When it comes to gauging public interest, few companies are as plugged in as the TV networks. That's why Chris Leinberger says it's no coincidence that the suburban sitcoms of the '60s and '70s like the "Dick Van Dyke Show'' and "The Brady Bunch'' later ...

Mission: To grow; New Tacom leader to guide local expansion.(News)(U.S. Army Tacom Life Cycle Management Command)

May 05, 2008; ... Byline: Chad Halcom Brig. Gen. Scott West admits he's no expert in engineering or ground-vehicle technology, and sometimes his new post at U.S. Army Tacom Life Cycle Management Command in Warren seems like an unlikely assignment. But the two-time Persian Gulf veteran ...

The Cobo conundrum continues.(Opinion)(Viewpoint essay)(Brief article)

May 05, 2008 ... Just when you think the debate over whether to expand Cobo Center can't get any more complicated, it does. Last week, Oakland County Executive L. Brooks Patterson let it be known he might be willing to drop his longstanding opposition to an expansion if William Beaumont ...

Debate on river crossings resumes.(News)

May 12, 2008; ... Byline: Bill Shea State legislators plan to launch an effort today to keep plans for a new bridge between Detroit and Windsor in the public spotlight - a scheme likely to shine equal light on the debate over the necessity of another crossing and a competing Ambassador Bridge ...

The EV1 electric car controversy.(GM at 100)(Brief article)

May 12, 2008; ... Byline: Kevin Koloian General Motors' EV1 electric cars were doomed from the start as a commercial venture. The EV1 was available in California and Arizona as a lease with no option to buy, and critics claim GM wanted the product to fail but developed it to pacify those ...

Bankruptcies.

May 12, 2008 ... The following businesses filed for Chapter 7 or 11 protection in U.S. Bankruptcy Court in Detroit May 2-8. Under Chapter 11, a company files for reorganization. Chapter 7 involves total liquidation. Brown Teefey & Associates Architects P.C., 4190 Telegraph Road, Bloomfield ...

Memorable campaigns.(GM at 100)(Chronology)

May 12, 2008; ... Byline: Mike Connell, Bill Shea Detroit ad agency offices with major account work for General Motors Corp. include Campbell-Ewald, Warren; McCann Erickson, Birmingham; and Leo Burnett Detroit, Troy. For each brand that has a Detroit ad agency connection, we've researched major ...

Psychiatric nurse practitioner opens Oakland County office.(News)

May 12, 2008 ... Byline: Jay Greene Registered nurse practitioner M. Linda Hoes has opened the only all-certified psychiatric nurse practitioner office in Michigan. The West Bloomfield Township-based Mental ...

Week in Review.(Briefs)

May 12, 2008 ... Council lawyer to stay out of Kilpatrick criminal case Bill Goodman, an attorney hired by the Detroit City Council, on Thursday said for the time being, he didn't think he needed to be involved in the criminal case against Mayor Kwame Kilpatrick, the Detroit Free Press reported ....

In the spotlight.(People)(Brief article)

May 12, 2008 ... Robert Burch has been promoted to president of Bloomfield Hills-based The Private Bank-Michigan, a unit of PrivateBancorp Inc. He had been vice chairman. Burch, 65, replaces Patrick McQueen, who was named chairman and CEO of The Private ...

Producing GM at 100.(GM at 100)

May 12, 2008 ... GM at 100 was edited by Assistant Managing Editor/Focus Jennette Smith. Business Lives Editor Michelle Darwish edited the Design section. It was designed by Graphics Editor Nancy Clark. It was copyedited by Copydesk Chief Gary Piatek and Copy Editor Vic Doucette. Articles were written by ...

Corrections.(Correction)(Correction notice)

May 12, 2008 ... An April 24 campaign finance statement by Macomb County ballot action committee Charter = County Executive, cited in a Page 6 story in the May 5 edition, incorrectly credited New Baltimore-based Citizens State Bank with ...

Poll: Political logjam is harming the state's economy.(Briefs)(Survey)

May 12, 2008; ... Byline: Amy Lane Business executives in Southeast Michigan see partisan politics and a lack of cooperation among public officials as impeding Michigan's ability to transform its economy. It's a top political-reform concern that surfaces in a poll conducted for the ...

Utility companies to push shareholders for legislation.(News)

May 12, 2008 ... Byline: Amy Lane Michigan's two largest energy companies this week will send at least one common message to shareholders as they make a pitch for pending energy legislation at their annual meetings. DTE Energy Co. and CMS Energy Corp. executives are expected to lay ...

GM a leader in corporate diversity since 1968.(GM at 100)(General Motors Corp.)

May 12, 2008; ... Byline: Laura Weiner General Motors Corp. can point to several diversity success stories that fall under the category of shattering the glass ceiling. GM's diversity program first took off in 1968. "You can look at it from a number of perspectives, but at ...

Brownfields conference plants seeds, if not deals; 'Commercial real estate speed dating' pushes properties.(News)

May 12, 2008; ... Byline: Daniel Duggan The site of a closed gas station on John R north of 11 Mile Road has been on the brink of redevelopment for the past three years. The owner wants to see the property used, as does the city. But finding a project that will qualify for state ...

Lease spat with Pontiac may thwart hospital sale.(News)(North Oakland Medical Center)

May 12, 2008; ... Byline: Chad Halcom, Jay Greene North Oakland Medical Center's need for a buyer may be at cross purposes with Pontiac city officials' own budget woes, if the two entities cannot resolve a complex lease dispute within the next few weeks. Hospital management discussed ...

SBAM: Spend more on existing business, less on helping high-technology startups.(News)(Small Business Association of Michigan)

May 12, 2008; ... Byline: Nancy Kaffer Economic diversification is now a high priority in Michigan after the state lost 146,700 manufacturing jobs between 2002 and 2007, according to the Department of Labor and Economic Growth. But the Small Business Association of Michigan is warning ...

GM marches forward.(GM at 100)(General Motors Corp.)(Brief article)

May 12, 2008 ... As General Motors Corp. prepares to mark 100 years in business, the company is celebrating milestones but paying more attention to what's next. We've followed that ...

Filling a need.(Focus)(Warner Norcross & Judd L.L.P.)(Brief article)

May 12, 2008; ... Byline: Ryan Beene Linda Paulin-Hebden, partner Warner Norcross & Judd L.L.P., Southfield Linda Paulin-Hebden spent 19 years climbing the ranks in private practice to get to her current leadership position as partner and committee chairwoman of her firm's Minority ...

GM building a future beyond petroleum.(GM at 100)(General Motors Corp.)

May 12, 2008; ... Byline: Amy Whitesall General Motors Corp.'s vice chairman for global product development Bob Lutz has called the Chevy Volt a game-changer, and the rest of the company shares his urgency to get the electric vehicle to market by late 2010. GM has more than 200 engineers and 50 ...

Letters.(Letter to the editor)

May 12, 2008 ... Cut Michigan government Editor: Keith Crain's article "It's time for us all to rethink Michigan'' (April 28) really bothers me. Why are we conceding the real wealth we have built in Michigan? Where is the common sense? In the private sector, we compete with each ...

Accounting degree, bank job were foundation.(Focus)(Bodman L.L.P. )(Brief article)

May 12, 2008; ... Byline: Maureen McDonald Wendy Zabriskie, co-chair, banking practice group, Bodman L.L.P., Troy Wendy Zabriskie understands the art of the deal. She represents financial institutions in structuring, negotiating and documenting commercial and real estate ...

Guiding women business owners.(Focus)(Kemp Klein Law Firm)

May 12, 2008; ... Byline: Mike Scott Cynthia Brazzil, shareholder and director Kemp Klein Law Firm, Troy A sluggish economy notwithstanding, more Michigan women are starting their own businesses than at any time in the state's history. Cynthia Brazzil, 55, a ...

Training lawyers for high performance.(Focus)(Foley and Lardner)

May 12, 2008; ... Byline: Maureen McDonald Ann Marie Uetz, partner and trial attorney, Foley & Lardner L.L.P., Detroit When most of us watch film and television dramas about attorneys - from the "Bee Movie'' to "Boston Legal'' - we see courtroom scenes that depict the best work of ...

Raising the bar; Whether in court or in their communities, these 10 women attorneys set high standards.(Focus)(Brief article)

May 12, 2008 ... These pages showcase 10 women lawyers who are making a difference. We've selected a mix of up-and-comers and industry veterans who are helping their firms get new business, serve as mentors to other lawyers, or are contributing valuable community service. Crossing a ...

'Shy kid' gives law students a listening ear.(Focus)(Kristin Murphy)(Occupation overview)

May 12, 2008; ... Byline: Laura Weiner Kristin Murphy, equity partner Radar, Fishman & Grauer P.L.L.C., Bloomfield Hills Kristin Murphy is an intellectual property expert at Radar, Fishman & Grauer P.L.L.C. in Bloomfield Hills. She is also co-chairwoman of the mentoring ...

Niche clients.(Focus)(Karen Seder)(Occupation overview)(Brief article)

May 12, 2008; ... Byline: Laura Weiner Karen Seder, partner, Liss, Seder & Andrews P.C., Bloomfield Hills Karen Seder represents a unique caseload of clients consisting of people who are comatose, quadriplegic or severely brain injured from automobile accidents. Seder, 41, ...