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GM Delayed Another Recall

July 21, 2014 | by The Associated Press | Comments

General Motors knew of ignition switch problems with 6.7 million midsize and large cars for 11 years, yet it failed to warn customers with a recall until last month, according to documents posted by federal safety regulators.       

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Mid Day Report

Daily news and top headlines for IT professionals

Private Jet Recovery From Recession Uneven

July 21, 2014 1:09 pm | by Stephen Singer, AP Business Writer

The improving market has not been universal. Signs of strength have been in large-cabin planes, while sales of small and mid-sized planes stall.                               

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McDonald's, KFC Face Food Scandal In China

July 21, 2014 1:07 pm | by Joe McDonald, AP Business Writer

McDonald's and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and chicken.                           

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Severstal Selling U.S. Plants For $2.3B

July 21, 2014 9:36 am | by The Associated Press

Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion.                             

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FBI Issues Warning For Unapproved Air Conditioner Coolant

July 21, 2014 9:34 am | by Pamela Sampson, Associated Press

As the U.S. tries to phase out a polluting refrigerant that is used in millions of air conditioners across the country, unapproved coolant is popping up on the market — with potentially dangerous consequences.           

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Subaru Sued Over Dangerous Auto Defect

July 21, 2014 9:29 am | by The Associated Press

The lawsuit alleges violations of the state's consumer fraud act, breach of express warranty and other violations. It says piston rings in the vehicles wear out quickly and some vehicles burn excessive amounts of oil.         

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Judge: Chinese Drywall Maker In Contempt

July 21, 2014 9:27 am | by Kevin McGill, Associated Press

A federal judge has ordered a China-based maker of drywall to pay $55,000 in penalties and attorney fees — and to stop doing business in the United States — as punishment for refusing to take part in court proceedings over harm allegedly done by the product.

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Boeing Procurement Officer Pleads Guilty To Fraud

July 21, 2014 9:24 am | by Jim Salter, Associated Press

A former procurement officer for The Boeing Company in St. Louis pleaded guilty Friday to federal fraud charges for his role in a bribery and kickback scheme involving military aircraft parts sold to Boeing.             

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U.S. Companies Report Rising Sales, Employment

July 21, 2014 9:18 am | by The Associated Press

A new survey says rising sales helped boost hiring and wages at U.S. businesses in the second quarter.                                           

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Axed Nokia X Phones Suffered From Lack Of Identity

July 18, 2014 1:21 pm | by Anick Jesdanun, AP Technology Writer

Nokia X phones were devised to be a gateway to the company's pricier Lumia phones. The operating system that runs the phones was to blend the core technology found in Google's Android system with services and designs found in Microsoft's own Windows Phone system.

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Airbus Joining Virginia Applied Research Center

July 18, 2014 1:13 pm | by The Associated Press

The center in Prince George County is a consortium of industry, academia and government. It focuses on manufacturing breakthroughs and advancements in applied research.                       

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States Sue 5-Hour Energy Over Ads

July 18, 2014 1:10 pm | by Steven Dubois, Associated Press

Two attorneys general from the Northwest have sued the companies responsible for the popular 5-Hour Energy drink, alleging they engaged in deceptive advertising.                         

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HP CEO Whitman Takes Chairman Post

July 18, 2014 1:08 pm | by The Associated Press

Hewlett-Packard CEO Meg Whitman is assuming the title of chairman after the departure of interim chairman, Ralph Whitworth, who resigned to deal with health issues.                         

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Senators Call On GM To Fire Top Lawyer

July 18, 2014 9:42 am | by Marcy Gordon & Dee-Ann Durbin, AP Business Writers

Lawmakers demanded General Motors fire its chief lawyer and do more to help crash victims as a Senate subcommittee delved deeper into GM's mishandling of the recall of small cars with defective ignition switches.           

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Holes In Tank Likely Factor In W.Va. Chemical Leak

July 18, 2014 9:37 am | by Jonathan Mattise, Associated Press

Holes in a tank's floor and roof likely helped cause a January chemical spill that contaminated West Virginia's biggest drinking water supply for days, federal investigators said.                     

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Fuji Heavy To Recall Subaru Legacy Cars

July 18, 2014 9:33 am | by The Associated Press

Fuji Heavy Industries Ltd. said Thursday it is recalling 10,143 Subaru Legacy sedans with turbo-charged engines sold in Japan to fix a programming fault that could cause engine damage.                   

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Federal Grant To Help Oshkosh Workers

July 18, 2014 9:31 am | by The Associated Press

The U.S. Department of Labor is providing nearly half a million dollars in assistance for the workers who were laid off by the defense arm of Oshkosh Corp. in recent months.                      

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AbbVie, Shire Agree On $55B Deal

July 18, 2014 9:29 am | by Tom Murphy, AP Business Writer

The drug maker AbbVie has reached a roughly $55 billion deal to combine with British counterpart Shire and become the latest U.S. company to seek an overseas haven from corporate income tax rates back home.             

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GM Has Replaced 491K Ignition Switches

July 18, 2014 9:27 am | by The Associated Press

General Motors says it has replaced faulty ignition switches on just under 20 percent of 2.6 million small cars that are being recalled.                                 

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Toyota Gambles On Fuel Cells

July 17, 2014 1:14 pm | by Yuri Kageyama, AP Business Writer

Buoyed by its success with electric-gasoline hybrid vehicles, Toyota is betting that drivers will embrace hydrogen fuel cells, an even cleaner technology that runs on the energy created by an electrochemical reaction when oxygen in the air combines with hydrogen stored as fuel.

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Fiat Denies VW Merger Talks

July 17, 2014 1:11 pm | by The Associated Press

A report says VW was interested in acquiring Chrysler to help it improve its struggling footing in the U.S. Volkswagen has often expressed interest in Fiat's sporty brand Alfa Romeo.                   

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