Ann Arbor

Economy
10:31 pm
Sun January 30, 2011

More problems at Borders Books

Ann Arbor-based Borders Books announced Sunday that it would be delaying January payments to its landlords, vendors and others. Borders also delayed payments in December.  

Borders says the move is intended to ‘protect liquidity’. Borders has been losing money for years, as book buyers have increasingly turned to the internet.

Michael Norris is the senior trade book analyst with Simba Information. He says there is one problem Borders executives must find a solution for. 

They need to answer the question 'Why should I shop at Borders? They should tattoo that question backward on their forehead so they can see every time they look into the mirror every morning.

Borders lined up a half billion dollars in financing last week to help the book seller stay afloat. But the company may still be headed toward bankruptcy protection

Economy
12:42 pm
Fri January 28, 2011

Books without Borders? Authors ponder future of bookselling

Ann Arbor-based Borders Books may be able to stave off bankruptcy, thanks to a new financing deal announced this week .     Professional writers are waiting to see what the company’s next chapter will bring. 

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Science/Medicine
3:57 pm
Tue January 18, 2011

U of M opens new business incubator in old Pfizer facility

U of M's new venture accelerator will connect startups with talent and funding
Photo courtesy of the University of Michigan

A new type of incubator is open for business at the University of Michigan. It’s called a “venture accelerator,” and it’s located in the  sprawling research complex Pfizer built before it left Michigan a few years ago.

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Auto/Economy
3:00 pm
Sun January 9, 2011

Toyota invests $50-million in new safety research center in Ann Arbor

 Toyota Motor Corporation has launched a new $50-million dollar safety research center in Ann Arbor, as the company seeks to recover from last year’s massive recalls of millions of cars. 


The money will pay for research on ways to reduce driver distraction, and better protect the most vulnerable passengers including children.  Chuck Gulash is senior executive engineer at Toyota Technical Center in Ann Arbor. 

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Sports
10:45 am
Fri December 10, 2010

Big Chill comes tomorrow in Ann Arbor

University of Michigan

More than 109,000 hockey fans are expected to be on hand for Saturday afternoon’s outdoor game at Michigan Stadium.  Its being called the Big Chill for a reason.

The Michigan Wolverines will skate against the Michigan State Spartans in a game that will likely break the all-time attendance record for a hockey game.

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BUSINESS
4:26 pm
Thu December 9, 2010

Borders Books posts big 3rd quarter loss

Even the fixtures within the new Borders Concept Store in Ann Arbor, Mich. have been redesigned to encourage customer exploration. Curved tables in the front of the store allow customers to move easily through the selection of spotlighted books.
(courtesy of Borders Group/photo credit: Laszlo Regos)

Borders Books reported the company lost $74 million dollars in the 3rd quarter. That's about twice as much as Borders lost in the 3rd quarter of 2009. The Ann Arbor based book seller continues to struggle in a competitive market.

In a written statement, Borders Group CEO Mike Edwards conceded his company's struggles:

BUSINESS
2:12 pm
Mon December 6, 2010

Borders buying Barnes & Noble? "Bonkers"

Border's shareholders making a quixotic move?
Ildar Sagdejev creative commons

Update: 2:12pm:

Since we posted this story we found this analysis piece by Sarah Weinman of Daily Finance News. She also calls the notion that Borders Books could buy Barnes & Noble a story that has "entertainment value" not much more. Weinman says of Borders Books:

"If a merger was its plan for saving itself, expect B&N's rejection of the deal to accelerate its downward spiral -- an end that, sadly for the publishing industry, is likely to come sooner rather than later."

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Offbeat
11:32 am
Mon December 6, 2010

Cartoon from The New Yorker hits close to home

A stack of The New Yorker magazines
Tsmall/Flickr

If you're a habitual reader of The New Yorker magazine or you just browse the latest issue's cartoons then you may have noticed a recent cartoon that made you think of home... home that is, if you live in the Ann Arbor or metro-Detroit areas.

As AnnArbor.com puts it:

Without spoiling the joke, we'll just say the cartoon — by Ann Arbor's Dave Coverly — makes reference to shopping malls — and specifically, several we're very familiar with, including Briarwood Mall, Westgate Plaza and Jackson Plaza. Troy's Somerset Mall and Oakland Mall also get a shout-out.

You can see the cartoon at The New Yorker's website.

Part of Ann Arbor without electricity
1:30 pm
Fri November 26, 2010

Ann Arbor power outage

 


A DTE spokesman expects power will be restored to about 500 customers in the Ann Arbor later area today.


The power went out around midnight last night.  

Money from Uncle Sam
12:09 pm
Fri October 15, 2010

Feds chip in to rebuild bridge

Congressman Dingell, DOT Deputy Secretary John Porcari, and others under the Stadium Ave. bridge in Ann Arbor
Congressmen John Dingell's Office

Congressman John Dingell's office has announced that the federal government will chip in $13.9 million dollars to fix an aging Ann Arbor bridge.

The four lane bridge on Stadium Avenue, which runs past the "Big House," has been down to two lanes because it's so dilapidated.

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