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Mid Day Report

Daily news and top headlines for IT professionals

U.S. Criticizes China's Currency Policy

October 16, 2014 9:41 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The Obama administration said Wednesday that China's currency remains "significantly undervalued," but it stopped short of citing China or any other country for unfairly manipulating its currency to gain trade advantages.         

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Toyota Recalls Lexuses For Fuel Leak Risk

October 16, 2014 9:37 am | by The Associated Press | News | Comments

Toyota is recalling about 423,000 older-model Lexus luxury cars in the U.S. because a gasket can leak fuel and possibly cause a fire.                                 

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U.S. Jobless Aid Applications Fall To 14-Year Low

October 16, 2014 9:31 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest signal that companies are cutting fewer workers and hiring could remain healthy.                 

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Brazilian Pair Boosts Bid For Chiquita

October 15, 2014 1:09 pm | by The Associated Press | News | Comments

Two Brazilian companies are raising their bid for banana company Chiquita to approximately $658 million.                                         

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VW Tops GM In Global Sales Race

October 15, 2014 1:01 pm | by The Associated Press | News | Comments

Volkswagen barely edged out General Motors for second place in the global auto sales race during the first three quarters of the year, but Toyota was expected to keep its lead to stay in first place.               

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Test Driving The $34K Electric Superbike

October 15, 2014 12:53 pm | by Bloomberg News | Videos | Comments

Tesla has built a well-known brand of high-end electric automobiles, but when it comes to electric motorcycles, no company has reached Tesla's status. Energica, an Italian company, is looking to lead the charge.           

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McDonald's: No More 'Pink Slime'

October 15, 2014 12:35 pm | by CNNMoney | Videos | Comments

The fast-food operator is countering criticism of its food quality with a campaign answering questions from would-be diners.                                    

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Nike, Converse Chuck A Lawsuit At 31 Companies

October 15, 2014 12:30 pm | by Jon Minnick, Associate Editor | Blogs | Comments

Nike is suing 31 companies over trademark infringements related to its Converse Chuck Taylor shoes. Copycats of the iconic shoes that debuted in 1917 have been on the market for decades, so what leaves me scratching my head is — what took so long to file the lawsuit?

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Using Automation To Leverage Existing Assets & Accommodate Growth

October 15, 2014 12:14 pm | by Gary Frank | Articles | Comments

By retrofitting your warehouse with the right automation technology, you can easily leverage your existing assets and real estate to accommodate growth.                            

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Nike Suing Over Chuck Taylor Trademark Infringement

October 15, 2014 10:03 am | by The Associated Press | News | Comments

Nike's Converse brand is suing 31 companies, saying they are selling knockoff versions of its Chuck Taylor shoes.                                       

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U.S. Producer Prices Fell In September

October 15, 2014 9:58 am | by Josh Boak, AP Economics Writer | News | Comments

Inflation was limited last month because of falling gasoline and food costs that have lowered the prices that U.S. companies received for their goods and services.                         

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New York Factory Growth Slows

October 15, 2014 9:54 am | by The Associated Press | News | Comments

New York manufacturers are growing at the slowest pace in six months as new orders shrink and shipments barely rise.                                       

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U.S. Retail Sales Fell In September

October 15, 2014 9:52 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. retail sales retreated in September as purchases of autos, gasoline, furniture and clothing slowed, a sign that recent job gains have yet to significantly boost consumer spending.                   

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GM Plant Seeks Tax Break For Upgrade

October 14, 2014 2:06 pm | by The Associated Press | News | Comments

General Motors' Fort Wayne, Indiana truck assembly plant wants local officials to waive taxes for a decade to help with a possible $1 billion upgrade, a spokeswoman said.                    

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JPMorgan CEO Says More Should Be Done On Cyberattacks

October 14, 2014 2:03 pm | by Steve Rothwell, AP Business Writer | News | Comments

JPMorgan Chase's CEO Jamie Dimon says that more coordination between businesses and government is needed to combat the rising threat of cyberattacks.                             

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Chrysler Recalls SUVs For Air Bag Defect

October 14, 2014 1:58 pm | by The Associated Press | News | Comments

Chrysler is recalling 184,215 SUVs worldwide because a wiring problem could disable their air bags and seat belt pretensioners.                                   

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Ferrari Debuts The F60 America Supercar

October 14, 2014 1:48 pm | by USA TODAY | Videos | Comments

Ferrari is celebrating 60 years selling in the United States. Chris Woodyard talks to Nicola Boari about the Ferrari F60 America, introduced for the occasion.                           

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Elon Musk On Tesla's Auto Pilot And Legal Liability

October 14, 2014 1:41 pm | by Bloomberg News | Videos | Comments

Elon Musk, CEO of Tesla Motors Inc., discusses Tesla's "auto-pilot" feature, autonomous driving, government regulations and legal liability.                               

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Did A Highway Guardrail Manufacturer Put Profits Over Safety?

October 14, 2014 1:33 pm | by Jon Minnick, Associate Editor | Blogs | Comments

Trinity Industries is facing allegations that it changed its guardrail design without informing the Federal Highway Administration and that those changes may have led to deaths and injuries across the U.S.             

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Small Brands, Big Profits With Smart Packaging

October 14, 2014 12:38 pm | by Michael Bialko | Articles | Comments

In this era where vast resources and heavy advertising play increasingly critical roles in generating a competitive advantage, creating a level playing field on the store shelf, at the point of sale, can make all the difference to a small or local brand.

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