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Egypt Picks Consortium To Draft Suez Plan

August 19, 2014 | by Maggie Michael, Associated Press | Comments

Egypt selected a consortium of Egyptian and the Persian Gulf companies Tuesday to develop the government's mega project to transform the Suez Canal waterway into a hub of international investment and free trade zones.         

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Mid Day Report

Daily news and top headlines for IT professionals

Google's IPO Launched A Decade Of Big Bets

August 19, 2014 9:28 am | by Michael Liedtke, AP Technology Writer

Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit.                             


Brita Recalls Children's Water Bottles

August 19, 2014 9:24 am | by The Associated Press

Brita is recalling approximately 242,500 children's water filter bottles due to a possible laceration hazard.                                         


New Corvette Feature Keeps An Eye On Valets

August 19, 2014 9:20 am | by Tom Krisher, AP Auto Writer

The latest version of the sports car, due out in September, has features that helps the car tattle on any valet who doesn't take a slow, direct route to a parking space.                       


Recaro Recalls Child Safety Seats

August 19, 2014 9:16 am | by The Associated Press

Recaro is recalling more than 39,000 child safety seats because they can let a child's head move too far in a crash.                                       


Consumer Prices Edge Up 0.1 Percent

August 19, 2014 9:11 am | by Martin Crutsinger, AP Economics Writer

U.S. consumer prices rose in July at the slowest pace in five months, held back by a drop in gasoline prices.                                         


Agency Opens Probe Into Fire Truck Recall

August 19, 2014 9:08 am | by The Associated Press

U.S. safety regulators are investigating whether a recall of 156 fire trucks last year was enough to fix a problem with aerial ladders that can unexpectedly fall.                         


Ingersoll-Rand To Buy Cameron Unit

August 18, 2014 1:29 pm | by The Associated Press

Ingersoll-Rand PLC said Monday that it has agreed to buy the centrifugal compression business from Cameron International Corp. for $850 million, as it looks to grow its compression business.                 


Land Owners Join Suit Against Whirlpool Corp.

August 18, 2014 1:24 pm | by The Associated Press

The owners of polluted land in northern Ohio are joining a civil lawsuit against Whirlpool Corp. filed by families whose children have been among dozens sickened in a cancer cluster.                   


Bourbon Production Reaches Highest Point Since 1970s

August 18, 2014 1:20 pm | by Bruce Schreiner, Associated Press

In a business where patience is part of the process, Kentucky bourbon makers are making a big bet by stashing away their largest stockpiles in more than a generation.                        


China Accuses Mercedes Of Price Abuses

August 18, 2014 10:28 am | by Joe McDonald, AP Business Writer

China's government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry.         


Governor Extends Tax Credit To Northrop Grumman

August 18, 2014 10:08 am | by The Associated Press

California Gov. Jerry Brown has signed legislation that extends a $420 million state tax credit to aerospace giant Northrop Grumman Corp. after approving a similar deal for its competitor, Lockheed Martin Corp.           


Survey: Michigan Recovery Among Tops In Nation

August 18, 2014 9:49 am | by Michigan Economic Development Corporation

An expansive survey of economic activity across the U.S. offers an endorsement of the strength of the Michigan recovery and a boost for the promising prospects for the state’s continual business growth.             


Drive-Unit Warranty On Tesla Model S Increased To 8 years

August 18, 2014 9:44 am | by The Associated Press

Electric car maker Tesla Motors says it has extended the drive-unit warranty for its Model S sedan to make it good for eight years and unlimited miles.                             


Senator Calls For Surveillance Policy Shift

August 18, 2014 9:39 am | by Nigel Duara, Associated Press

A Oregon Senator called for updates to the rules by which intelligence agencies operate, and said he plans new legislation aimed at ending bulk electronic surveillance.                       


Ex-Peanut Plant Head Says He Lied About Salmonella

August 15, 2014 11:48 am | by Kate Brumback, Associated Press

A former manager of a peanut processing plant blamed for a deadly salmonella outbreak lied to federal investigators to protect the company he worked for.                         


Chiquita Rejects New $611M Takeover Bid

August 15, 2014 11:46 am | by The Associated Press

Banana distributor Chiquita Brands says it is rejecting the $611 million buyout offer from investment firm Safra Group and the Brazilian agribusiness and juice company Cutrale Group.                   


Coca-Cola Bets On Energy Drinks With Monster Stake

August 15, 2014 11:42 am | by The Associated Press

Coca-Cola is buying a 16.7 percent stake in Monster Beverage for $2.15 billion, with the world's biggest soda maker hoping to benefit from the surging popularity of energy drinks.                 


U.S. Factory Output Surges

August 15, 2014 11:35 am | by Josh Boak, AP Economics Writer

U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals.                             


84 MPG Car Gets Closer To Production

August 15, 2014 11:31 am | by Dee-ann Durbin, AP Auto Writer

Elio Motors wants to revolutionize U.S. roads with its tiny car, which is the same length as a Honda Fit but half the weight.                                   


NJ-Based Toy Company Opening New Plant

August 15, 2014 9:50 am | by The Associated Press

Enor Corp. announced plans Thursday to make toys at a former golf-cart distribution facility in Winnsboro, creating 151 jobs.                                   



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