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Nuclear plant restart boosted with closing of $1.5B federal loan guarantee The U.S. Energy Department on Monday finalized a $1.5 billion loan guarantee to help Holtec International restart the Palisades nuclear power in southwest Michigan, an effort that will be bolstered by $1.3 billion in federal grants for two rural cooperatives that plan to buy…
GM, Magna-backed automotive software marketplace opens SDVerse, an online marketplace for buyers and sellers of automotive software backed by General Motors, supplier Magna International Inc. and tech services company Wipro, launched Sept. 30. The platform, open to automakers, suppliers and relevant tech companies, is designed to connect developers of automotive software with potential customers. Initial businesses to join…
Pair of Livonia office buildings sell at a 90% discount A New York City-based landlord has taken a major bath on a pair of Livonia buildings it bought as the office market started heating up following the Great Recession. Farmington Hills-based Friedman Real Estate paid just $4.5 million for the Victor Corporate Park buildings at…
Why this time could be different for public transit in metro Detroit Mass transit has long been a challenge for the state that put the world on wheels, but for the first time in a long time there seems to be political will to change that. A cohesive regional transit plan is closer to reality…
Owning a home is a keystone of wealth… both financial affluence and emotional security.