michigan

Felony charges against six people arrested in the raid of a Detroit marijuana grow operation with a reported $1 million in plants were dismissed Tuesday by a judge who said the facility was within the bounds of its temporary state license. The building at 4473 W. Jefferson Ave. is owned by former...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is a busy man, and he just added another task to his plate. What Happened Responding to a tweet about getting clean water to Flint, Michigan, Musk replied, "Please consider this a commitment that I will fund fixing the water in any house in Flint that has...

May Mobility announced Monday it closed a seed round of financing led by BMW i Ventures and Toyota Motor Corp (ADR) (NYSE: TM) AI Ventures. The funding will support this year’s launch of commercial operations and deployment of autonomous shuttles nationwide, building off a Detroit pilot...

Congressman Tim Ryan (D-Ohio) said there’s no perceivable disconnect between what investors want and what the midwest offers. “I’m listening to what the venture capitalists say and what the entrepreneurs say, and they’re all kind of talking the same lingo,” Ryan told...

Who said humanitarian work had to be free? “A lot of people think by doing good you have to be a nonprofit, or the doing good part of your business is the revenue loss driver,”Warmilu CEO Grace Hsia told Benzinga. “As it turns out, we’ve been able to sell...

Michigan is home to some of the biggest companies in the U.S. As the birthplace of the automobile and a former manufacturing center, auto stocks and manufacturing make up some of the key names in the state. However, the state is also home to a major financial name, as well as many household name...

New York and Chicago have long been Meccas for aspiring financial leaders. Centered around their stock and option exchanges, the cities' capital markets lured fresh talent looking to make a name in the financial sector. But Jason Raznick, CEO of Benzinga, says the power of that appeal has...

Amazon.com, Inc. (NASDAQ: AMZN) has asked representatives from all cities and economic organizations in North America to submit a proposal on why the company should bring its "HQ2" to that city. Amazon expects this second headquarters to include as many as 50,000 high-paying jobs. Amazon...

On June 7, 1997, Paul Glantz sat alone in his new Emagine theater in Birch Run, Mich. Down the road, the pubs poached his usual patrons, luring them in with beer and tiny televisions to watch the Red Wings take the Stanley Cup. They’d known what the people wanted and had met demands. But...

LG Electronics has announced a $25 million, 250,000-square-foot factory that will manufacture battery packs for electric cars in Hazel Park, Michigan beginning in 2018. The Michigan plant is LG’s first vehicle component factory in the U.S., according to the Wall Street Journal. The South...