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Business

  • GM quarterly profit falls 85% on recall costs
    DETROIT – Recall expenses chopped $1.5 billion from General Motors’ bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.
  • China detains employees of suspect meat seller
    Five employees of a company accused of selling expired beef and chicken to McDonald’s, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the
  • Meat supplier in China scandal has global reach
    It isn’t a household name, but the company at the center of a food scandal in China helps make some of the world’s most popular foods, including the Big Macs and Quarter Pounders served at McDonald’s locations.
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briefs

Elevate Ventures awarding grants

Elevate Ventures plans to award up to $100,000 in northeast and north central Indiana to high potential startup companies this year.

Ranging from $5,000 to $25,000, the High Potential Start-up Grants are designed to help “imagining” or “early incubating phase” companies fund measurable outcomes or milestones that will help them compete for incubation phase investment dollars, a news release said.

Elevate Ventures’ High Potential Start-up Grants are available only to pre-revenue companies still in the “ideation” or “incubation” stage. Elevate expects to award six to seven grants in north-central Indiana within the calendar year, with an additional $100,000 in grants available in northeast Indiana.

For qualification information or to apply, visit www.elevateventures.com/apply/reap.

Intel’s CEO pushes into mobile markets

Intel Chief Executive Officer Brian Krzanich, trying to speed up the company’s push into mobile markets, has taken direct control of the division that is responsible for designing chips. Intel will accelerate a push to get the company’s chips used by makers of smartphones and tablets.

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