Crain's Detroit Business articles from December 2005

Crain's Detroit Business archives from December 2005

Still trying to think of the right gift? Part 2 of 2; Whether standing in line or online, these suggestions may help.(Executive Life)
December 5, 2005... Byline: Kath Usitalo Something to savor * Vosges Haut-Chocolat combines spices, herbs, liqueurs, chili peppers, flowers and premium chocolate with incredible results. Enlist someone in the Lunar Chocolate of the Month Club and a box of...

A plan for Eastern Market.(Opinion)(Brief Article)
December 5, 2005... Detroit's Eastern Market is a diamond in the rough. Now, a plan to create a nonprofit corporation to reinvigorate and manage the district on the eastern edge of downtown is tantalizingly close to reality. A 21-member board, representing...

Ford Foundation's return.(Opinion)(Brief Article)
December 5, 2005... Speaking of private foundations, the New York City-based Ford Foundation pledged $7 million last week to spur new investment in neighborhoods on Detroit's east side, closest to Detroit's RiverWalk project. The W.K. Kellogg Foundation has...

In the spotlight.(People)(George Hubbell II )(Hubbell, Roth and Clark Inc.)(Brief Article)
December 5, 2005... Byline: Andrew Dietderich George Hubbell II has been named president of Bloomfield Hills-based Hubbell, Roth & Clark Inc. effective Jan. 1. Hubbell has been with the consulting engineering firm founded by his great-grandfather,...

Sarafa to run Bank of Michigan.(News)
December 5, 2005... Byline: Tom Henderson Michael Sarafa will step down from his position as president of the Associated Food Dealers of Michigan at the end of the year to run the Bank of Michigan of Farmington Hills. Sarafa said he will have the interim...

Spam spawns more than unwanted e-mail; Anti-spam company grows at same time.(News)
December 5, 2005... Byline: Sheena Harrison Eliminating junk e-mail, or spam, is an annoyance for most people. But it's a boon for Ann Arbor-based Greenview Data Inc. Greenview created SpamStops-Here, a service that stops junk e-mail from entering...

Letters.
December 5, 2005... Shrink the school bureaucracy Editor: The proposal by Mike Flanagan, the state's superintendent of public instruction, to set more rigorous graduation requirements will not prevent Michigan's K-12 school system from imploding. (Mary...

Plymouth luxury hotel to open Jan. 16.(News)
December 5, 2005... Byline: Brent Snavely On Jan. 16, St. John's Golf & Conference Center plans to unveil The Inn at St. John's, a 118-room luxury hotel intended to be on par with The Townsend Hotel in Birmingham, The Ritz-Carlton, Dearborn, or Royal Park...

Mt. Clemens General grows to compete; Adds centers as bigger chains muscle in.(News)(Mt. Clemens General Hospital)
December 5, 2005... Byline: Michelle Martinez Mt. Clemens General Hospital is opening new patient centers to defend an increasingly crowded turf against large competitors. The 288-bed hospital will open a $55 million ambulatory surgery center today on its...

Calendar.(Calendar)
December 5, 2005... Tuesday Dec. 6 Trade Tuesdays: Basics of Exporting. World Trade Center Detroit/Windsor Association. 8:30-11 a.m. With the U.S. Export Assistance Center and the Service Corps of Retired Executives. World Trade Center Detroit/Windsor...

Leaders look for ways to build on Super Bowl momentum.(tourism development)(Tourism Economic Development Council)
December 5, 2005... Byline: Jennette Smith Business and civic leaders want to start talking in January about the next big focus for the region following Super Bowl XL. After years of build-up and the event's role as a catalyst for economic development and...

GOP pushes tax cuts for manufacturing.(News)(Government of Parliament)(Brief Article)
December 5, 2005... Byline: Amy Lane Senate Majority Leader Ken Sikkema, R-Wyoming, and House Speaker Craig DeRoche, R-Novi, said Tuesday they would move forward bills that would cut taxes for large Michigan manufacturers by more than $500 million over four...

Society nears deal to take over running zoo; Historical museums may follow suit.(Detroit Zoological Society will be taken by city of Detroit)
December 5, 2005... Byline: Sherri Begin, Robert Ankeny Management responsibility for the Detroit Zoological Institute could shift to its fundraising arm, the Detroit Zoological Society by the end of the first quarter of 2006. Under a plan in negotiation...

Women in Business Luncheon set for Dec. 6.(Calendar)(Brief Article)
December 5, 2005... Byline: Joanne Scharich Kimberly Casiano, member of the Ford Motor Co. board of directors and president of a communications company, will be the speaker at the first annual Crain's Detroit Business Women in Business Luncheon on Dec. 6. ...

Study: Big ships not worth harm to lakes; Oceangoing vessels save $55M, cost $200M.
December 5, 2005... Byline: Michelle Martinez Oceangoing cargo ships are a losing proposition for Michigan and other Great Lakes states, says a study released last week by two Michigan transportation professionals. Overseas trade on the St. Lawrence...

Week In Review; From www.crainsdetroit.com, week of Nov. 24 - Dec. 2.(Briefs)
December 5, 2005... Kellogg, Ford Foundations plan $17M for Detroit The Ford Foundation and the W.K. Kellogg Foundation will grant $7 million and $10 million, respectively, to increase job creation and improve the economy of neighborhoods near Detroit's...

Business Diary.(Briefs)
December 5, 2005... CONTRACTS Professional Waste Solutions Inc., Walled Lake, signed a contract with Westside & Detroit Retrographics to provide recycling services at its Farmington Hills center. Freedom One Retirement Services, Clarkston, announces Bill...

Delphi to offer to pay some debt.(News)(prebankruptcy debt)(Brief Article)
December 5, 2005... Byline: Terry Kosdrosky Delphi Corp. will be coming to many of its suppliers soon with a deal to pay some prebankruptcy debt in return for extending contracts another two years. U.S. Bankruptcy Judge Robert Drain gave Delphi the...

A primer on state tax incentives.(Ronald Hodess of Miller, Canfield, Paddock and Stone PLC.)(Michigan tax policy)
December 5, 2005... Byline: Robert Ankeny Developers and landlords are closely watching a collection of Michigan laws that provide financial encouragement and incentives to attract companies to Michigan and retain them, said Ronald Hodess, head of the real...

Reporter's Notebook.(Focus)
December 5, 2005... Byline: Jennette Smith In a time of bankrupt auto suppliers, cuts at General Motors Corp. and a feeling of malaise that has nothing to do with too much holiday food, you have two options. The way Mark Bennett sees it, you can either...

Questar Capital sold to Allianz.(Allianz Life Insurance Company of North America acquired Questar Capital Corp.)(Brief Article)
December 5, 2005... Byline: Tom Henderson Questar Capital Corp., an Ann Arbor-based securities broker and registered investment adviser, has been bought by the Allianz Life Insurance Co. of North America. Terms of the deal were not announced. ...

Detroit area jobless figures show brighter picture for 3Q.(News)
December 5, 2005... Byline: Amy Lane After a tough second quarter, metro Detroit's jobless picture improved and pulled more in step with the state. Third-quarter data from the Michigan Department of Labor and Economic Growth show the Detroit area...

New school for Macomb?(Opinion)(Macomb Community College)(Brief Article)
December 5, 2005... Michigan has shown it can retool plants. Can it retool people? That's the key to an economic future as the auto industry continues to shed manufacturing jobs. Michigan has 15 state-funded universities that grant four-year degrees. Now...

Bankruptcies.
December 5, 2005... The following businesses filed for Chapter 11 protection in U.S. Bankruptcy Court in Detroit Nov. 25-Dec.1. Under Chapter 11, a company files a reorganization plan that the court must approve. Taylor Machine Products Inc., 21300 Eureka...

Making our lists, checking them twice.(News)
December 5, 2005... Byline: Bob Allen Reader surveys suggest that you folks are interested in just about everything inside this issue week after week. But near the top of any list of favorites are our lists, which generally appear every week. Except for weeks...

Metaldyne nears sale of forging business.(Metaldyne Corp.)
December 5, 2005... Byline: Terry Kosdrosky Metaldyne Corp. said it expects to finish the sale of its forging business early next year, a move that will help the supplier strengthen its balance sheet. With the company meeting its expectations for revenue...

Eastern Market may be run by nonprofit.(Detroit City Council decision)
December 5, 2005... Byline: Robert Ankeny Eastern Market could get more than $4 million in grants and serve as a pattern for privatizing other city agencies if the Detroit City Council next week approves a nonprofit's plan to run the historic commercial...

This Just In.
December 5, 2005... TCF Bank Michigan to move HQ to Livonia TCF Bank Michigan will move its headquarters from Ann Arbor to Livonia as soon as construction is completed on a three-story, 60,000-square-foot building in the College Park office complex on...

Rumblings.
December 5, 2005... Archer: Some suspect a stolen election Former Mayor and Freman Hendrix ally Dennis Archer, applauds the decision last Thursday by the Wayne County Board of Canvassers to approve a hand recount of the election for mayor. Archer,...

State makes plan to use arts to spur economy.(News)
December 5, 2005... Byline: Amy Lane The state is launching a comprehensive strategy to leverage arts and culture for economic growth. The focus on cultural economic development, to be unveiled Thursday at a Lansing conference, will capitalize on...

Seeking big deals.
December 5, 2005... Crain's Detroit Business will publish a list of the largest deals of 2005 in its Jan. 30 issue. Included will be mergers and acquisitions of at least $10 million, stock offerings, commercial-property sales and the largest office and industrial...

Bonefish Grill to dock in 2 new locations.(Executive Life)
December 5, 2005... Byline: Brent Snavely Bonefish Grill plans to open restaurants in Sterling Heights today and in Novi Jan. 23. Bonefish Grill is, as you may have guessed, a casual seafood and fish-themed restaurant. Or, in the company's words, is a...

Wayne County must brand itself better.(Opinion)
December 5, 2005... Byline: Philip Cavanagh If you're driving north on I-75, when you cross the Monroe County line, you are now greeted by a sign that reads, "Wayne County. An Automation Alley County.'' Wait a minute. How did this happen? Isn't Automation...

It's time for the mayor to go to work.(Column)
December 5, 2005... Byline: KEITH CRAIN I'm going to assume that there will be no surprises after the Detroit recount. I'm also going to assume the only reason our mayor didn't want a recount is the cost was too high during these difficult financial times....

Troy Marriott eyes nearby land; Yamasaki building likely to be torn down for expansion.
December 5, 2005... Byline: Andrew Dietderich, Jennette Smith The Troy Marriott could double in size if the company that owns it is able to buy four adjacent acres owned by a pension plan for city of Troy employees and retirees. A building on the site...

Still trying to think of the right gift? Part 1 of 2; Whether standing in line or online, these suggestions may help.(Executive Life)
December 5, 2005... Byline: Kath Usitalo Shoppers are making their lists and checking them twice, but it's not all about gifts. They're comparing the pros and cons of shopping online versus making the trek to the mall. Even as analysts predict an increase...

Detroit, state among highest in nation for foreclosures.(News)
December 5, 2005... Byline: Jennette Smith Michigan and metro Detroit are among the hardest-hit areas of the country for residential foreclosures this year. The region has both a steady stream of new foreclosures and a growing inventory of foreclosed...

Give gifts of travel - and gadgets for trips.(Executive Life)
December 5, 2005... Byline: Kath Usitalo A gift certificate to an adventure that challenges the brain, body and senses can be a life-changing experience. And to make that trip more pleasant, here are some nifty getaways and travel accessories that you can...

Senate committee reaches wine-shipping compromise.(News)(House Bill 4959 and Senate Bill 625)(Brief Article)
December 5, 2005... Byline: Amy Lane Bills approved Thursday by the Michigan Senate set up a structure and rules for in-state and out-of-state wineries to ship their products to individual consumers and to Michigan retailers and restaurants. The...

Corrections.(Correction)
December 5, 2005... Crain's listed an incorrect person as principal of Navigating Business Space Inc. on Page 20 of last week's Who's Who in Metro Detroit list. Richard Schwabauer is the president and owner of the company. Schwabauer had been a principal in the...

People.(Benham Companies Inc.)(Lawrence Technological University)(Citizens Banking Corp.)
December 5, 2005... ARCHITECTURE Randal Paquette to director, business development, Ghafari, Dearborn, from director of business development, The Benham Companies, Oklahoma City, Okla. EDUCATION Stephen Ragan to senior vice president for university...

Can the Lions turn around? Merchandise is popular, they sell out games, but they lack one thing: wins.
December 5, 2005... Byline: Andrew Dietderich In an industry where winning is one sort of bottom line, the Detroit Lions operate at a significant loss. Since 1964, the first full season under ownership by William Clay Ford Sr., the team has had only 13...

Logicalis acquisition to add $100M in revenue.(Avnet Partner Solutions from Hewlett-Packard Co.)
December 5, 2005... Byline: Andrew Dietderich Bloomfield Hills-based Logicalis Inc. expects annual revenue to be $450 million starting in 2006 after acquiring the Hewlett-Packard enterprise-reseller business from Phoenix, Ariz.-based Avnet Partner Solutions....

Legend Mobile moving to New York City, leaving Ann Arbor.(News)
December 5, 2005... Byline: Andrew Dietderich Say goodbye to Ann Arbor's Legend Mobile Inc., a company that's tried to capitalize on everything from basketball great Michael Jordan and Donald Trump to Hello Kitty and NASCAR. CEO Peter Klamka said he is...

House they couldn't imagine buying becomes long-term home.(Executive Life)
December 5, 2005... Byline: JoAnn Amicangelo Kimberly Brown says she has the best job in the world. As a physician for the past 13 years, with specialties in internal medicine and gastroenterology, she can't imagine doing anything else. "Medicine...

Who controls the wetlands?(Focus)
December 5, 2005... Byline: Robert Ankeny Legal battling between the federal government and two Macomb County businessmen over who should control development of wetlands has reached the U.S. Supreme Court. The outcome of the case, Carabell v. U.S. Army...

Tapping Detroit's expertise.(Opinion)(Brief Article)
December 12, 2005... Imagine the public outcry if 18 percent of all traffic accidents in the United States resulted in at least one death. But that's the rate in China, where 100,000 people died in 2004. The grim statistic brought Chinese officials to Detroit...

Submit items for biggest deals of 2005.(Focus)(Brief Article)
December 12, 2005... Crain's Detroit Business will publish a list of the largest deals of 2005 in its Jan. 30 issue. Included will be mergers and acquisitions of at least $10 million, stock offerings, commercial-property sales and the largest office and industrial...

CMS Energy to auction nuclear plant near South Haven.(News)(Brief Article)
December 12, 2005... Byline: Amy Lane Jackson-based CMS Energy Corp. (NYSE: CMS) said Dec. 5 it plans to take auction bids for its Palisades plant and hopes to complete a sale in 2007. The plant, which is owned by CMS utility subsidiary Consumers Energy...

Blue Cross incentives target breast cancer; Plan would pay more for better treatment.(News)(Blue Cross and Blue Shield of Michigan Inc.)
December 12, 2005... Byline: Michelle Martinez Blue Cross Blue Shield of Michigan wants to do for breast cancer what it has done for heart attacks and pneumonia: pay more for improvements in treatment. The Blues and other insurers have linked higher...

Our data runs deeper than just our lists.(News)
December 12, 2005... Byline: Bob Allen Last week, I told you that Crain's Book of Lists 2006 is mere days away from your mailbox - our Dec. 26 issue. The Book of Lists is a printed snapshot of the database we have compiled about businesses in Southeast...

This Just In.(Skillman Foundation and Dooley Foundation-Intermed - U.S.A. plan to build charter schools)(CSK Auto Corp. acquires Murray's Discount Auto Stores Inc.)(H&M Hennes & Mauritz A/S opens store)
December 12, 2005... Plan for charter schools scaled back to one The Skillman and Thompson foundations said Friday that they are scaling back their plans to build 15 new charter high schools in Detroit. The two groups plan to work with Dave Bing, CEO of...

Rumblings.(bankruptcy of Delphi Corp.)(image building by Dykema Gossett PLC)(Wayne State University honors honorary Doctor of Law to William Davidson )
December 12, 2005... Detroit DDA makes sure snow has a place to go With an eye toward the upcoming Super Bowl XL - and another eye looking back at the 1999 debacle when the city failed to handle snow removal during the North American International Auto Show -...

Super spaces; Some venues get top dollar; others still wait.
December 12, 2005... Byline: Sherri Begin At any other time, Peter Arabo probably would have jumped at the chance to lease the vacant offices in his Harmonie Park building to broadcaster ABC Inc. But when ABC made its initial offer to lease that space for...

Flagstar subsidiary issues $600M in notes to expand.(News)(Flagstar Bancorporation Inc.)(Brief Article)
December 12, 2005... Byline: Tom Henderson A subsidiary of Flagstar Bancorp Inc. has issued $600 million in asset-backed notes to finance the expansion of its loan-generation business. The subsidiary, Flagstar ABS L.L.C., will market the notes to...

Banking on small business; Increased lending to small business lays the groundwork for growth of community banking.(Focus)(Industry Overview)
December 12, 2005... Byline: Tom Henderson Name changes and consolidations among the area's biggest banks capture headlines, but industry and government analysts say the activity also creates big opportunities for community banks. Those banks continue to carve...

Washtenaw Group deal dies; repayment of loan at issue.(News)
December 12, 2005... Byline: Tom Henderson A proposed deal for a Cincinnati company to buy the beleaguered Washtenaw Group Inc. (Amex: TWH) of Ann Arbor fell apart last week because of a dispute over how and when a $1 million loan would be repaid, according to...

2 suppliers plan to add new plants.(News)(Brief Article)
December 12, 2005... Byline: Terry Kosdrosky Not all is bleak in the supplier industry, as two area suppliers announced plans to open new plants. BorgWarner Inc. and Denso International America Inc. said new contracts and planned growth is the reason...

Braking China; Rising traffic fatality rate is opportunity for U.S.-based safety suppliers.(News)
December 12, 2005... Byline: Terry Kosdrosky China's booming automotive industry has come with a price in that country - an alarming traffic fatality rate. But that's an opportunity for U.S. safety suppliers such as TRW Automotive Holdings Corp. and Key...

People.
December 12, 2005... Architecture Michael West to associate, Neumann/Smith & Associates, Southfield, remaining as project architect and project manager. Also, Peter Lichomski to associate, remaining as project designer, project architect and project manager;...

DTE looks at Consumers' numbers to justify its own.(News)(Detroit Edison Co.)
December 12, 2005... Byline: Amy Lane Detroit Edison Co. is seeking illumination from Consumers Energy Co. as Edison prepares to defend why its administrative expenses are higher than those of its fellow utility. In responding to a Michigan Public Service...

MEDC will change 'from the inside out'.(News)(ichigan Economic Development Corp.)
December 12, 2005... Byline: Amy Lane New state economic-development chief Jim Epolito is laying out a strategy to do more with less. Tackling an organization with a reduced workforce and budget that's been cut 72 percent over the last five years, the...

Lawmakers consider school pools for self-insurance.(News)
December 12, 2005... Byline: Amy Lane Negotiations are expected to continue this week over bills designed to make it easier for school districts to form pools to self-insure medical benefits. But health care providers are concerned the legislation, in its...

Visiting Physicians under investigation.(Visiting Physicians Association)
December 12, 2005... Byline: Michelle Martinez A Farmington Hills-based company that bills itself on its Web site as the nation's largest physician house-call organization is being investigated in Michigan and Ohio by federal authorities on allegations of...

Plan casts Detroit Renaissance as agency coordinator.(News)
December 12, 2005... Byline: Robert Ankeny A new plan being launched by Detroit Renaissance Inc. for 2006 is intended to put the organization in the role of "convener'' and coordinator to bring existing agencies together to attract and expand business here....

WSU has too much at risk for political games.(Opinion)(Wayne State University)
December 12, 2005... Did Wayne State University break state elections law? The Michigan Chamber of Commerce has asked the Michigan Department of State to find out. The chamber's complaint was triggered by postings on the portion of the university's Web site...

Business Diary.(Briefs)(Pheasant Ring Communities changes its name )(The Accounting Office Inc. moves to a new location)(Moosejaw Mountaineering and Backcountry Travel Inc. opens store)
December 12, 2005... ACQUISITIONS Xerographic Solutions Inc., Plymouth, has been acquired by Global Imaging Systems Inc., Tampa, Fla. Xerographic Solutions, with annual revenue of about $6 million, will be a stand-alone satellite of Global's Michigan group....

A year of advice is prize in woman-owned program.(News)
December 12, 2005... Three Detroit area woman-owned businesses will be chosen to receive the assistance of a professional advisory panel for one year. The program, Athena PowerLink, is a program of the Chicago-based Athena Foundation, which has its mission...

Bills would create new brownfield tax credit.(News)
December 12, 2005... Byline: Amy Lane Companies that undertake small redevelopments of contaminated sites may find it easier to obtain state tax credits under bills taking final shape in the Legislature. House Bill 4734, part of a package of bills that...

Community bank growth will continue in 2006.(Focus)
December 12, 2005... Byline: Tom Henderson Five new community banks hope to open in Southeast Michigan in 2006: * Birmingham Bloomfield Bancshares: Holding company began $13 million initial public offering in November to open Bank of Birmingham branches...

A conversation with Dana Johnson, Comerica Bank.(Focus)(Interview)
December 12, 2005... Byline: Terry Kosdrosky Dana Johnson, senior vice president and chief economist at Comerica Bank, said index numbers show a stagnant but not free-falling economy in metro Detroit. Johnson compiles the Detroit Area Business Activity Index...

WSU drops Web project after chamber protest.(News)(Wayne State University)
December 12, 2005... Byline: Sherri Begin Wayne State University removed a student Web project from its Labor Studies Center Web site on Dec. 2, after the Michigan Chamber of Commerce filed a campaign-finance complaint against the university. The...

TechTeam: Duke Realty deal part of $21M in new business.(News)(TechTeam Global Inc.)(Brief Article)
December 12, 2005... Byline: Brent Snavely Southfield-based TechTeam Global Inc. (Nasdaq: TEAM) said Wednesday that it has been chosen by Indianapolis-based industrial real estate firm Duke Realty to deliver help-desk and desk-side management support for its...

Private-public partnerships work.(Opinion)(Super Bowl XL )
December 12, 2005... Byline: Christopher Crain With Super Bowl XL around the corner, soon the world will descend on Detroit. And most of the week's activities will take place away from the game and outside of Ford Field. At the center of much of this...

Nonprofits Think Detroit, PAL to merge.(News)(Think Detroit Inc. and the Detroit Police Athletic League Inc.)
December 12, 2005... Byline: Sherri Begin Two of the largest nonprofit youth sports organizations in Detroit plan to merge early next year. The boards of Think Detroit Inc. and the Detroit Police Athletic League Inc. unanimously approved the merger this...

Media may not be as negative as you think.(News)
December 12, 2005... Byline: Mary Kramer Are local news media too negative? That was a question raised last week by members of Leadership Oakland, which draws about 50 managers and leaders from business and nonprofits into once-a-month immersions into...

A new game, a new life; After facing down alcoholism, Art Van Elslander sets ambitious goals for company.
December 12, 2005... Byline: Brent Snavely At 75, Art Van Elslander, founder, chairman and CEO of Michigan's largest furniture retailer, Warren-based Art Van Furniture Inc., has continued to embrace change, both in his personal life and at his company. ...

Corrections.(Correction)(Correction Notice)
December 12, 2005... * A story titled "Who controls the wetlands?'' on Page 23 of the Dec. 5 issue should have identified Timothy Stoepker, attorney for the property owners, as a member of Detroit-based Dickinson Wright P.L.L.C. * A box that accompanied a Page...

Letters.(Letter to the Editor)
December 12, 2005... Study of shipping costs is flawed Editor: A recently released study critical of the value of Great Lakes international shipping ("Study: Big Ships Not Worth Harm to Lakes'') needs a closer look. We all agree that our lakes and rivers...

In the spotlight.(People)(Ted Parker appointed as president of National City Bank)(Brief Article)
December 12, 2005... Byline: Tom Henderson Ted Parker has been named president and CEO of National City Bank in Michigan, effective Dec. 5. He had been chairman and CEO of Allegiant Asset Management Co. of Cleveland, a subsidiary of National City Corp., the...

Week in Review.(Briefs)
December 12, 2005... Northwest unions: Contract move would mean strike Northwest Airlines Corp.'s unions have warned top executives that the bankrupt carrier risks a strike if it asks a judge to impose new contracts in mid-January. A bankruptcy judge in...

Leaders must talk more often.(Opinion)(Automation Alley)(United Way of Southeastern Michigan )(Brief Article)
December 19, 2005... Detroit Renaissance Inc., the nonprofit CEO council representing major employers, is working on a new regional strategy. That's funny. So is the Detroit Regional Chamber, which tapped Edsel Ford II to lead a two-year "Design Regional...

Tough act to follow at Kresge.(Opinion)(Richard Rapson joins Kresge Foundation )(Brief Article)
December 19, 2005... The Kresge Foundation announced last week it had named Richard "Rip'' Rapson, formerly of the Minneapolis-based McKnight Foundation, to succeed John Marshall III as CEO. The formal transition occurs in June. It will be a tough act to...

Week in Review.(appointments)
December 19, 2005... ABN Amro loses tape with data on 2M customers ABN Amro Mortgage Group Inc., an Ann Arbor-based subsidiary of Chicago-based LaSalle Bank Corp., admitted Friday that it had lost a computer tape nearly a month ago containing data for all 2...