Category: Business conditions
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U.S. Using More Renewables, but Less Energy Overall
In 2009, Americans burned less energy overall, but still managed to use more energy from renewable sources, according to Lawrence Livermore National Laboratory (LLNL) in California. LLNL computes and charts energy consumption annually, using data provided by the Energy Information Administration in the U.S. Department of Energy (see below). LLNL calculates Americans in 2009 consumed…
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Granholm Offers Michigan as Template for Clean Energy Economy
Probably no U.S. state has suffered more from the collapse of American manufacturing in the first decade of the 21st century than Michigan. But that state’s governor now offers Michigan’s experience as a model for rebuilding the country’s economy with clean energy as its core. Governor Jennifer Granholm — in a talk that was equal…
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Cypress Bioscience to Cut Business Lines, Slash Workforce
Cypress Bioscience in San Diego, California announced today several cost-cutting measures including a sharp reduction in staff. The steps announced will end a co-promotion agreement with Forest Laboratories, and close the company’s personalized testing services. The drug development company discontinued an agreement with Forest Laboratories to co-promote Savella, its drug for fibromyalgia, a disorder causing…
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Report: Startups Help Sustain Long-Term Job Growth
An analysis of U.S. Census Bureau business data by the Ewing Marion Kauffman Foundation indicates that the numbers of jobs created by startup companies in the U.S. since 1977 have stayed fairly stable, even while most of the startup companies themselves have disappeared. The report — After Inception: How Enduring is Job Creation by Startups?…
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Study Shows Impact of Manufacturing R&D in Michigan
The Detroit News reports today on a new study by the Anderson Economic Group, a consulting firm in East Lansing, Michigan, that gauges the financial impact of the University Research Corridor (URC), a consortium of Michigan’s three largest universities on the state: Michigan State University, the University of Michigan, and Wayne State University. The report…
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Genzyme to Expand its Suburban Boston Campus
Genzyme Corporation, a biotech company in Cambridge, Massachusetts, plans to double the size of its manufacturing and research facilities in nearby Framingham, according to a story by Scott Van Voorhis in yesterday’s Boston Globe. The plan involves doubling the size of that facility and adding up to 1,000 new jobs, according to a company executive…
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Merck to Cut Workforce, Close Research and Manufacturing Sites
Merck & Co. in Whitehouse Station, New Jersey announced today a consolidation of its research and manufacturing operations, reducing its workforce 15 percent and closing eight research and eight manufacturing sites. The reductions in sites and workers are part of Merck’s integration of facilities with Schering-Plough, following its acquisition in November 2009. The company says…
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Global Chip Sales Rise But Growth Expected to Ease
The Semiconductor Industry Association (SIA) reported last night that sales of semiconductors worldwide increased in May 2010 compared to April, as well as to May 2009. The high annual rate of growth in semiconductor sales seen in the first part of 2010, however, is expected to slow during the rest of the year. In May,…