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Mid Day Report

Daily news and top headlines for IT professionals

The Death Of Innovation, The End Of Growth

May 2, 2013 12:35 pm | by Ted | Videos | Comments

The U.S. economy has been expanding wildly for two centuries. Are we witnessing the end of growth? Economist Robert Gordon lays out 4 reasons U.S. growth may be slowing, detailing factors like epidemic debt and growing inequality, which could move the U.S. into a period of stasis we can't innovate our way out of.

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Handmade In Detroit

May 2, 2013 12:14 pm | by NBC News | Videos | Comments

Willie J. Holley III and Lakishka Raybon, employees of the watchmaker Shinola, share their pride in creating watches by hand. Heath Carr, CEO of Bedrock Manufacturing, explains why it is important to be in Detroit, a city with a rich manufacturing history. 

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What If You Could Wear Your Smartphone?

May 2, 2013 10:30 am | by CBS News | Videos | Comments

CNET senior editor Scott Stein speaks to "CBS This Morning" about wearable smartphones, and how this new technology will change the industry. Stein talks about the evolution of the technology and what consumers should expect when the category offerings expands. 

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Who's To Blame For Bangladesh Tragedy?

May 2, 2013 10:00 am | by CNN Money | Videos | Comments

The collapsed building in Bangladesh which killed nearly 400 people was home to several garment companies producing inexpensive clothing. A number of Western labels and retailers used the factories once housed in the building and are now pushing to include building integrity in selecting factories. 

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Technology Is Not The Problem — It Is The Solution

May 1, 2013 10:39 am | by Robert Atkinson, President and Founder, Information Technology and Innovation Foundation | Blogs | Comments

Technological growth has been principally responsible for the development of new industries, products and processes that have created better paying jobs, cheaper goods and a higher standard of living for society. Where would our economy be without information technology, advanced manufacturing and biotechnology?

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Five Reasons For Small To Mid-size Manufacturers To Adopt PLM

May 1, 2013 10:32 am | by Chuck Cimalore, CTO and Co-founder of Omnify Software | Articles | Comments

By implementing a Product Lifecycle Management (PLM) system, companies both large and small, benefit by simplifying and shortening each phase of the product development process. However, deciding whether or not to adopt PLM software has been a challenge for smaller organizations due to a reputation of PLM being difficult to implement.

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GM CEO: Volt Will Be Profitable

May 1, 2013 10:04 am | by CNN Money | Videos | Comments

GM CEO Dan Akerson tells Fortune that the second generation of the Chevy Volt will be cheaper to make and profitable. Looking to the future, GM hopes to have a half million cars on the road with some form of electrification by 2017. 

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Sony Execs To Give Up Bonuses

May 1, 2013 9:52 am | News | Comments

Around 40 executives of Sony Corp. and its group companies in charge of the mainstay electronics business have decided to give up their bonuses for fiscal 2012 ending March, taking responsibility for poor business performance, company officials said Wednesday.

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China Automaker To Open Electric Bus Plant In CA

May 1, 2013 9:48 am | by John Rogers, Associated Press | News | Comments

A Chinese company whose mantra is Build Your Dreams plans to build all-electric buses in California's Mojave Desert. Lancaster Mayor R. Rex Parris and officials of BYD Automotive scheduled a news conference Wednesday to announce plans to open the first Chinese-owned vehicle manufacturing plant in the United States in the wind-swept high-desert city 60 miles northeast of Los Angeles.

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U.S. Jobs Data Add To Market Concerns Ahead Of Fed

May 1, 2013 9:43 am | by Pan Pylas, AP Business Writer | News | Comments

With a large chunk of Europe on holiday, financial markets were lead-footed Wednesday ahead of a policy statement from the Federal Reserve. A soft private payrolls report from ADP raised concerns over the state of the U.S. economy but reinforced market expectations that the Fed will persevere with its super-easy and cheap monetary policy for a bit longer than had been anticipated.

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Mayor Says Blast-Damaged Texas Town Will Rebuild

May 1, 2013 9:38 am | by The Associated Press | News | Comments

The mayor of a Texas town devastated by a deadly fertilizer plant explosion says he expects the community to rebuild and he'll do the same. West Mayor Tommy Muska said Tuesday that his hometown of about 2,700 has received donations from across the country since the April 17 accident.

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EEOC Asks Jury To Give Damages To Disabled Workers

May 1, 2013 9:34 am | by Ryan J. Foley, Associated Press | News | Comments

Equal Employment Opportunity Commission attorney Robert Canino said the former workers for Henry's Turkey Services suffered "broken lives" because of the conditions they endured while living at a run-down bunkhouse in rural Iowa and working at West Liberty Foods.

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Worker Dies In Blender At Oregon Meat Plant

May 1, 2013 9:28 am | by The Associated Press | News | Comments

Paramedics and sheriff's deputies were called around 11:45 p.m. Friday, after Avalos-Chanon was found entangled in the machinery. Another worker had hit an emergency stop button, but it was too late, Thompson said. Firefighters returned the following day to dismantle the machine and remove the body.

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New BlackBerrys Face Many Challenges

April 30, 2013 10:32 am | by David Friend, The Canadian Press | News | Comments

Several months ago the smartphone industry was preparing for an all-out brawl over technology and innovation, but a knockout device hasn't hit the market yet and some say that could give BlackBerry an opportunity. The Waterloo, Ont.-based company could have been pulverized earlier this year by competitors after it unveiled its two new smartphones, which were considered more catchup than game-changer.

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Virgin Galactic Spaceship Makes First Powered Flight

April 30, 2013 10:31 am | by Raquel Maria Dillon, Associated Press | News | Comments

Virgin Galactic's SpaceShipTwo made its first powered flight Monday, breaking the sound barrier in a test over the Mojave Desert that moves the company closer to its goal of flying paying passengers on brief hops into space. "It couldn't have gone more smoothly," said Sir Richard Branson, who owns the spaceline with Aabar Investments PJC of Abu Dhabi.

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