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Crain's Detroit Business articles from December 2008

27,142 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=200812" title="Articles and back issues from Crain's Detroit Business">Crain's Detroit Business articles</a>

Crain's Detroit Business back issues from December 2008:

Tom Cranmer.(NEWS)

Dec 08, 2008; ... Byline: Robert Ankeny Tom Cranmer Principal Miller, Canfield, Paddock and Stone P.L.C. Troy After more than 30 years as a leading white-collar criminal defense lawyer, Tom Cranmer still has an enviable trial calendar. His ...

Elizabeth Hardy.(Kienbaum, Opperwall, Hardy & Pelton P.L.C)

Dec 08, 2008; ... Byline: Robert Ankeny Elizabeth Hardy Founding partner Kienbaum, Opperwall, Hardy & Pelton P.L.C. Birmingham Elizabeth Hardy has won several significant Michigan Supreme Court decisions that helped re-shape legal doctrines in the ...

Ira Jaffe.(NEWS)

Dec 08, 2008; ... Byline: Robert Ankeny Ira Jaffe Founding partner Jaffe, Raitt, Heuer & Weiss P.C. Southfield Not many lawyers or any other business folks would celebrate the 40th anniversary of their business's founding by taking on new personal ...

A CONVERSATION WITH; Julie Savarino.(veteran consultant )(Interview)

Dec 08, 2008; ... Reporter Robert Ankeny spoke with Ann Arbor-based Julie Savarino, a 22-year veteran consultant and coach of client and business development for law firms and other professionals across the country, about the cautions for lawyers and law firms during rocky economic times. What's ...

F. Thomas Lewand.(NEWS)

Dec 08, 2008; ... Byline: Robert Ankeny F. Thomas Lewand Partner Bodman L.L.P. Detroit If more than 31 years of federal court battling over control and operation of the Detroit Water and Sewerage Department comes to a conclusion soon, Thomas Lewand ...

David Baker Lewis.(NEWS)

Dec 08, 2008; ... Byline: Robert Ankeny David Baker Lewis Chairman and CEO Lewis & Munday P.C. Detroit The law firm co-founded 36 years ago by David Baker Lewis has become one of the top bonding law firms in the nation and has a diverse business ...

Reginald Turner.(NEWS)

Dec 08, 2008 ... Byline: Robert Ankeny Reginald Turner Member Clark Hill P.L.C. Detroit Reginald Turner has expanded Clark Hill's reach and helped it successfully navigate complex matters for clients resulting in economic development success ...

RUMBLINGS.(NEWS)

Dec 08, 2008 ... Granholm sets date for budget order A Senate halt to bills heading down the legislative train track may be short-lived. Senate Majority Leader Mike Bishop, R-Rochester, had said last Thursday that the Senate would hold off on votes until Gov. Jennifer Granholm's ...

Groups rally to help Detroit 3; Efforts: Car-buying incentives, lobbying.(NEWS)

Dec 08, 2008 ... Byline: BILL SHEA As the debate rages in Congress and in living rooms over federal aid for the U.S. auto industry, local grassroots and professional efforts are emerging to support government help for Detroit and to encourage companies and their employees to buy U.S. vehicles. ...

Software firm Stardock plans expansion, waits for word on tax breaks.(NEWS)

Dec 08, 2008 ... Byline: CHAD HALCOM Stardock Corp., a Plymouth Township-based software development company, could begin an expansion and hiring push at its headquarters by early 2009 if it wins approval of a pending request for state tax incentives. Stardock develops and publishes ...

Closing of Ecorse steel plant seen as a help to the market.(NEWS)

Dec 08, 2008 ... Byline: RYAN BEENE Last week's closure of U.S. Steel Corp.'s Great Lakes Works in Ecorse might eventually help local steel companies that have seen too much product for their market. That facility mostly produced steel coils used by the automotive industry. ...

Tecumseh to issue new Class A stock after proxy fight falters.(NEWS)

Dec 08, 2008 ... Byline: CHAD HALCOM Ann Arbor-based Tecumseh Products Co. will triple its outstanding number of shares by year's end and merge all of them into a single voting class of stock for 2009, after the company management survived a close proxy vote to oust two of its current directors ....

THIS JUST IN.(NEWS)

Dec 08, 2008 ... AAA gives MGM Grand a pair of 4-diamond ratings MGM Grand Detroit has earned two top honors in the hospitality industry, winning a pair of Four Diamond awards from Heathrow, Fla.-based AAA. It marks the first property in Detroit to get the award for both a restaurant ...

Las Vegas gamble pays off big for Tooles Contracting.(NEWS)

Dec 08, 2008 ... Byline: ROBERT ANKENY Detroit-based Tooles Contracting Group L.L.C., a general contractor and equipment installation company, laid a winning gamble on Las Vegas. Company clients now include General Motors Corp., Ford Motor Co., DTE Energy Co. and Federal Express. ...

Pressed for cash; Toolmaker works with its own suppliers to survive slow pay.(NEWS)

Dec 08, 2008 ... Byline: RYAN BEENE Detroit-based Ronart Industries Inc., a supplier of automotive stamping dies used to make body panels, was backed into a corner early this year but it found a way out. "The money systematically dried up at one time, said Mike Landers, Ronart ...

Small-business features focus on big issues.(NEWS)

Dec 08, 2008 ... Byline: Alan Baker In just a couple of weeks, the year will end with the glorious holiday season. It's a time to remember friends and family, and if you're a retailer, time to make a good portion of your revenue in holiday sales. But it's also the end of the fourth ...

Alcohol bill uncorks biz concern.(NEWS)

Dec 08, 2008 ... Byline: AMY LANEAND NATHAN SKID When Ronnie Jamil looks at House Bill 6644, he sees some of his business in jeopardy. That's because the bill, which would ban retailers from shipping wine and other types of alcohol directly to customers, extends to catered events. ...

OPINION.(NEWS)

Dec 08, 2008 ... To get state action, stop the cash flow Michiganians worried about the domestic auto industry are justifiably miffed at the rude treatment of the Detroit 3 CEOs by uninformed and grandstanding congressional reps. Yet closer to home, has business gotten any better ...

BANKRUPTCIES.(NEWS)

Dec 08, 2008 ... Byline: Compiled by Julie Dawso The following businesses filed for Chapter 7 or Chapter 11 protection in U.S. Bankruptcy Court in Detroit Nov. 28-Dec. 4. Under Chapter 11, a company files for reorganization. Chapter 7 involves total liquidation. Bogart's of West ...

DEQ delays ballast water treatment rules for now.(NEWS)

Dec 08, 2008 ... Byline: Amy Lane Rough waters are calming a bit over concerns that state environmental regulators would require Great Lakes shippers to treat ballast water to eliminate harmful aquatic invaders. The issue flared up earlier this year and continued to rumble as the ...

KEITH CRAIN TO ADDRESS ECONOMIC CLUB ON THURSDAY.(NEWS)

Dec 08, 2008 ... Keith Crain, chairman of Crain Communications Inc., editor-in-chief of Crain's Detroit Business and publisher of Automotive News, will discuss the state of the auto industry at the Thursday meeting of the Detroit Economic Club. ...

CALENDAR.(NEWS)(Conference news)(Calendar)

Dec 08, 2008 ... WEDNESDAY DEC. 10 B2B Business Development Series: Market Research. 4:30-6:30 p.m. Automation Alley, Troy. $20 members, $40 others. Contact: (800) 427-5100. SATURDAY DEC. 13 The Evolution of Women in Leadership Conference. 8:30 ...

Blue Cross losses: Bad economy or bad choices?(NEWS)

Dec 08, 2008 ... Byline: JAY GREENE Blue Cross Blue Shield of Michigan contends it will lose $166 million this year and $264 million in 2009 by selling health insurance policies to individuals. The projected losses are the biggest reason why Blue Cross argues that the Legislature ...

WHO ARE THE TOP CFOS?(NEWS)

Dec 08, 2008 ... CFOs are often the unsung heroes of an organization's senior management team. Crain's Detroit Business is seeking nominations for its third-annual CFO awards to give recognition to these financial leaders. Winners and finalists will be recognized at a June event. To nominate ...

Chiropractors get House OK for expanded treatments.(NEWS)

Dec 08, 2008 ... Byline: JAY GREENE Michigan chiropractors are halfway toward achieving their goal of expanding their scope of practice to allow them to order advanced radiology scans, including magnetic resonance imaging, and to treat neuromuscular and skeletal disorders. The ...

Kensington Community plans to expand into Lake Orion.(NEWS)

Dec 08, 2008 ... Byline: Sherri Begin Welch Troy-based megachurch Kensington Community Church plans to open its fifth local campus in Lake Orion in January, adding to other church extensions in Birmingham, Rochester and Clinton Township. Located at Lake Orion High School, the newest ...

Detroit College Promise has fiduciary.(NEWS)

Dec 08, 2008 ... Byline: Sherri Begin Welch The Youth Development Commission in Detroit has agreed to serve as fiduciary for the Detroit College Promise until it is granted its own nonprofit status. Detroit College Promise is beginning to collect donations at ...

New job training plan in works; Employers would contract with community colleges.(NEWS)

Dec 08, 2008 ... Byline: AMY LANE Michigan community colleges, the Michigan Economic Development Corp. and employers may be in line to have an innovative new model to provide job training. Seeing final work in the Legislature are bills that enable community colleges to contract with ...

BUSINESS DIARY.(NEWS)

Dec 08, 2008 ... CALL FOR NOMINATIONS The 2008 Intex Achievement Award, sponsored by Architectural Contractors Industry Advancement Fund and Architectural Contractors Trade Association. Submissions are now being accepted by anyone in the construction industry. Projects must be completed between ...

LOOKING FOR DIVERSITY.(NEWS)

Dec 08, 2008 ... Crain's Detroit Business, the Detroit Regional Chamber and the Michigan Roundtable for Diversity and Inclusion are launching a new awards program, the Innovation in Diversity Awards. It's argued that a diverse workforce can approach problems more creatively or find new ...

Detroit's negative image and its fix start here, chamber says.(NEWS)

Dec 08, 2008 ... Byline: DANIEL DUGGAN The metro region's worst enemies aren't outside Michigan, but rather right here at home. And fixing that problem will need to come from inside as well, said John Carroll, senior vice president of business development at the Detroit Regional ...

FREE PRESS TO CONGRESS.(NEWS)

Dec 08, 2008 ... The Detroit Free Press ran a full front-page editorial in Friday's edition which was sent to every member of Congress advocating passage of ...

Movie-makers assemble fund to finance films in Michigan.(NEWS)

Dec 08, 2008 ... Byline: BILL SHEA A cadre of veteran Hollywood producers is assembling a multimillion dollar fund to finance low-cost movies qualified to take advantage of Michigan's lucrative film incentives. Genre Film Partners, which has offices in Los Angeles and Southfield, ...

Detroit, Oakland Habitat groups to collaborate, not merge - yet.(NEWS)

Dec 08, 2008 ... Byline: SHERRI BEGIN WELCH A full merger might not yet be the answer for two local Habitat for Humanity affiliates. But Habitat for Humanity Detroit and Habitat for Humanity of Oakland County are coordinating their ReStore operations, which sell salvaged and ...

Hayes Lemmerz treads delisting danger zone.(NEWS)

Dec 08, 2008 ... Byline: RYAN BEENE Northville-based Hayes Lemmerz International Inc. (NASDAQ: HAYZ) could soon fall below the minimum requirements to be listed on the stock exchange. Its stock has traded below the minimum $1 per share for 21 consecutive trading days, and if it hits ...

Honigman Miller starts real estate work-out group.(NEWS)(Brief article)

Dec 08, 2008 ... Detroit-based law firm Honigman Miller Schwartz and Cohn L.L.P. has launched a practice group to help clients deal with distressed real estate properties. The work-outs, foreclosures and distressed property practice group will be led by Gregory DeMars. The group will ...

Innovation Index slips in 2nd quarter; VC investment up.(NEWS)

Dec 08, 2008; ... Byline: CHAD HALCOM The infusion of venture capital to Michigan companies continued to climb in what was otherwise a slow second quarter, according to the latest state Innovation Index from the University of Michigan-Dearborn. The index of innovation-related economic ...

LOSSES ON POLICIES.(NEWS)

Dec 08, 2008 ... Blue Cross Blue Shield of Michigan expects to lose $264 million next year ...

Oakland Physicians CEO says profit possible in 2009.(Oakland Physicians Medical Center L.L.C)

Dec 08, 2008; ... Byline: CHAD HALCOM Clarence Sevillian II doesn't have a business card for his new position, but he plans to make Michigan's first for-profit acute care hospital live up to that distinction and soon. Sevillian plans to make his first public appearances this month as ...

WEEK IN REVIEW.(NEWS)

Dec 08, 2008 ... LTU, Altair offer assistance to displaced workers Southfield-based Lawrence Technological University plans to offer grants for up to 50 percent of tuition to 400 displaced workers or their children for education in emerging-sector areas. LTU said it plans to expand ...

The mayor has a great opportunity.(NEWS)

Dec 08, 2008; ... Byline: Keith Crain Whether most people realize it or not, the city of Detroit is in the midst of a very important election. Granted, it's one of four held next year, and all four are part of the process of electing a mayor for the city of Detroit. Sadly, only a ...

Roundtable targets: Troy Transit Center funding, MBT surcharge.(Michigan Business Tax)

Dec 08, 2008; ... Byline: CHAD HALCOM Oakland County officials will consider in 2009 putting their political weight behind an end to the Michigan Business Tax surcharge, new funding avenues for the Troy Transit Center, and a community campaign to curb high school dropout rates, as recommended by ...

CRAIN'S SEEKS M&A NOMINATIONS.(NEWS)

Dec 08, 2008 ... Involved in a merger, acquisition or expansion in 2008? You may be eligible for the second annual Crain's M&A Awards contest. Crain's Detroit Business and the Detroit chapter of the Association for Corporate Growth will honor companies and individuals in the ...

Ridley's hopes expansion will bring back good old days - of 2007.(Ridley's Bakery Cafe )

Dec 08, 2008; ... Byline: NATHAN SKID Karl Kornack, owner of Ridley's Bakery Cafe at 4054 Rochester Road in Troy, is setting a modest goal for 2009. He'd like his business to return to the revenue it had in 2007 and is hoping the recent completion of a $250,000 expansion will help the ...

Mortgage rates dip, then "boom'; Brokers beat drum; blitz of refinancing may save year.(NEWS)

Dec 08, 2008; ... Byline: DANIEL DUGGAN The battered mortgage brokers who've spent the last year under the dark cloud of a credit crunch found a bright spot just before Thanksgiving when interest rates dropped almost half a percentage point. With the resulting surge in business that ...

IN THE SPOTLIGHT.(NEWS)(Brief article)

Dec 08, 2008 ... Robert Kubic has been named COO of Detroit-based law firm Honigman Miller Schwartz and Cohn L.L.P. Kubic, 43, replaces the retiring Michael Gable. Before joining Honigman, Kubic was COO at Boston-based ...

Herschel Fink.(NEWS)

Dec 08, 2008; ... Byline: Bill Shea Herschel Fink Partner Honigman Miller Schwartz and Cohn L.L.P. Detroit Herschel Fink has blended two careers and two passions: journalism and law. His representation of the Detroit Free Press in the ...

Jessica Cooper.(NEWS)

Dec 08, 2008; ... Byline: Chad Halcom Jessica Cooper Oakland County prosecutor On Jan. 1, Jessica Cooper becomes Oakland County's first female prosecutor and its first Democrat in that office in 36 years. She won the November election by 62,000 votes, more than a ...

Mark Cantor.(NEWS)

Dec 08, 2008; ... Byline: Bowdeya Tweh Mark Cantor President Brooks Kushman P.C. Southfield After Mark Cantor was named president of the intellectual property firm Brooks Kushman P.C., he took the time to canvass staff attorneys for their vision for ...

Jim Feeney.(NEWS)

Dec 08, 2008; ... Byline: Mike Scott Jim Feeney Member Dykema Gossett P.L.L.C. Bloomfield Hills Jim Feeney is a top national litigator with a roster of recent high-profile cases on his resume. He is known as a "go-to attorney for automakers, ...

Power lawyers; Crain's picks 12 who made news, grew their firms - and sent a mayor to jail.(NEWS)(Brief article)

Dec 08, 2008 ... There are lots of lawyers. Then there are the Power Lawyers. These are the rainmakers, the best-in-class legal pros winning cases, serving as legal talent for corporate clients or shaping corporate or government strategy. Crain's has evaluated the best of the best and selected ...

Kym Worthy.(NEWS)

Dec 08, 2008; ... Byline: Bill Shea Kym Worthy Wayne County prosecutor No local attorney faced more scrutiny and political pressure in 2008 than Wayne County Prosecutor Kym Worthy. The veteran lawyer and former judge in March charged then-Detroit Mayor Kwame ...

PEOPLE.(Tracy Petrella to join as project manager)(Steve Dawson to join as director of sales, Xigma Engineering Services L.L.C.)(Bradley Smith to join as shareholderin in Brinks Hofer Gilson & Lione, Ann Arbor)

Dec 08, 2008 ... ARCHITECTURE Tracy Petrella to project manager, Fanning/Howey Associates Inc., Novi, from project coordinator. Ann Kenyon to co-leader, Health Studio, SmithGroup, Detroit, from project architect, Hobbs + Black Associates, Ann Arbor. Jim Luckey to director ...

David Trott.(NEWS)

Dec 08, 2008; ... Byline: Daniel Duggan David Trott President and managing partner Trott & Trott P.C. Farmington Hills Trott & Trott P.C. has had the narrow niche of foreclosure work since its inception in 1976. Today, David Trott heads one of the ...

Northwest/Delta.(Brief article)

Dec 08, 2008; ... Byline: Bill Shea This year will be the first full year of the $2.8 billion all-stock merger of Delta Air Lines Inc. and Northwest Airlines Corp. Northwest's 500 daily flights from Detroit made it the carrier's largest hub. The initial changes are expected ...

OPINION.(NEWS)

Dec 15, 2008 ... The UAW needs to rethink its message Let's get this right: Senate Republicans who blocked the auto loans last week did so because the United Auto Workers refused to set a date in 2009 for achieving "pay parity with autoworkers in foreign-owned plants operating in mostly Southern ...

Have a story Michigan should tell? Pitch it.(NEWS)

Dec 15, 2008 ... Byline: Mary Kramer As this column went to press last Friday, the bridge loans for the auto industry were still in doubt. My crystal ball is in rough shape, so I left that crisis to move on to another nightmare: What happens when 7,000 automotive journalists descend ...

CALENDAR.(NEWS)(Calendar)

Dec 15, 2008 ... TUESDAY DEC. 16 Networking Business Coalition of Northern Macomb County. 8 a.m. The group invites new businesses to join its networking group on Tuesdays. Romeo United Methodist Church, Romeo. Free. Contact: (586) 336-1513. WEDNESDAY DEC. 17 ...

BANKRUPTCIES.(NEWS)

Dec 15, 2008 ... Byline: Compiled by Julie Dawso The following businesses filed for Chapter 7 or 11 protection in U.S. Bankruptcy Court in Detroit Dec. 5-11. Under Chapter 11, a company files for reorganization. Chapter 7 involves total liquidation. ...

A CONVERSATION WITH; Sandy Baruah, Small Business Administarion.(NEWS)(Interview)

Dec 15, 2008 ... Byline: Nancy Kaffer Sandy Baruah is the acting administrator of the U.S. Small Business Administration. He spoke with Crain's reporter Nancy Kaffer about the small-business climate in Michigan. The Detroit Regional Chamber will host Baruah at a free small-business town hall ...

MORE ON MICROLOANS.(NEWS)

Dec 15, 2008 ... For more information on microloans, see ...

Credit unions add members, grow portfolios.(NEWS)

Dec 15, 2008 ... Byline: Tom Henderson Michigan's 353 credit unions added 17,000 members and grew their loan portfolios by 2 percent in the third quarter, according to the Plymouth-based Michigan Credit Union League. Membership is ...

Pickens to outline wind-energy vision.(NEWS)

Dec 15, 2008 ... Byline: Amy Lane Texas energy magnate T. Boone Pickens is coming this May to speak to some 1,700 of the state's top business, community and political leadership. The founder of Dallas-based BP Capital L.P. and promoter of a plan to wean the nation from dependence on ...

Despite FDA warning, Caraco profits, sales on the upswing.(NEWS)(Financial report)

Dec 15, 2008 ... Byline: JAY GREENE In June, Caraco Pharmaceutical Laboratories Ltd. (AMEX: CPD), a Detroit-based generic-drug maker, received a notice from the Food and Drug Administration that cited quality control problems with some of Caraco's drugs and processes at its Detroit manufacturing ...

BUSINESS DIARY.(NEWS)

Dec 15, 2008 ... ACQUISITIONS Kimmel Enterprises L.L.C., an affiliated company of Kimmel Scrap Iron & Metal Co., Detroit, has acquired substantially all of the assets of Omega Metals Inc., Warren. Omega Metals and Kimmel Enterprises purchase and recycle scrap metal in Michigan. Mid ...