Real estate developer and philanthropist A. Alfred Taubman is giving the University of Michigan Medical Research Institute $56 million for stem cell and cancer research. U-M President, Mary Sue Coleman said the money will go to high-risk research. This isn’t Taubman’s first big donation to his alma mater. Including this latest gift, Taubman has donated $100 million to medical science research at the U-M.
Toyota announced another round of recalls for their cars – this time for 214,000 RAV4s and 94,000 Highlanders. The recall was prompted by some problems with airbags in those models. Owners of affected vhicles will be notified by mail.
Joining Wisconsin, Michigan, and Ohio, Indiana Governor Mitch Daniels signed a law limiting teachers’ collective bargaining rights. Under the new law, public school teachers can still bargain for their salaries and benefits, but not other things like the temperature inside a school building or the color of their walls. Now, Daniels is also hoping to increase Indiana’s school voucher program.
McDonald’s had a good first quarter this year – showing an overall revenue increase of 9 percent to $6.1 billion. That’s about $100 million higher than what analysts expected. The fast food chain attributes its success to the growing popularity of its McCafe drinks and featured menu items.
Environmentalists in Ohio are worried about a proposal to drill for oil and gas in the state’s 154 parks. They say the process is dangerous, both to the environment and people. But supporters of the plan say the process is safe, and could lower gas prices in Ohio.
Ohio Governor John Kasich signed a bill into law that allows food manufacturers to buy liquor in bulk. The law was proposed after Avon, Ohio based Custom Culinary had to open 140,000 pounds of merlot wine one bottle at a time for one sauce, causing the company to rethink their plans to expand.