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Mid Day Report

Daily news and top headlines for IT professionals

A Lesson In 'Monkeynomics'

March 2, 2011 9:37 am | Videos | Comments

In the wake of the global recession, many companies are looking to learn from their mistakes, understand the root causes of them, and find ways to improve. Primate psychologist Laurie Santos looks for the roots of human irrationality by watching the way our primate relatives make decisions. A clever series of experiments in "monkeynomics" shows that some of the silly choices we make, monkeys make too.

Young, Brilliant, And Innovative

March 2, 2011 9:36 am | Videos | Comments

The Kairos Society brings together student entrepreneurs to develop innovative ideas that are good for the world. They are the big-time business executives and CEOs of the future, and they are hone their skills as innovative decision-makers. The group's mentors include Bill Gates, Bill Clinton, and Duncan Niederauer, CEO of the New York Stock Exchange.

Retirement Is At Risk For Many Workers

March 2, 2011 9:35 am | Videos | Comments

It's abundantly clear that the United States is emerging from the Great Recession and is on the road to recovery. However, lost in the good news is the fact that the economic turmoil of a few years ago has left many of the nation's workers without a reliable retirement plan. How did this happen? Is there enough time for workers near retirement to turn things around? If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.

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Rolls-Royce To Go Green?

March 2, 2011 9:30 am | Videos | Comments

It's hard to picture an electric model of a Rolls-Royce vehicle, but that's exactly what the luxury automaker has planned for the near future. In this video, Rolls-Royce CEO Torston Muller-Otvos discusses his company's experimental electric car, which was recently unveiled at the popular Geneva Motor Show.

Nissan Unveils Electric Sportscar

March 2, 2011 3:36 am | News | Comments

GENEVA (AP) — What do you get if you cross Nissan's Leaf electric compact with one of the Japanese car maker's Z-car racers? Possibly the Esflow, an unlikely mashup the Yokohama-based constructor unveiled at the Geneva Auto Show this week. On the outside it's all flash, with a gleaming silver aluminum body and sexy sportscar curves inspired by Nissan's long racing lineage.

Buffett: Economy Doesn't Need This Much Govt. Intervention

March 2, 2011 3:35 am | by Josh Funk, AP Business Writer | News | Comments

OMAHA, Neb. (AP) — Billionaire Warren Buffett says the U.S. economy continues to improve and doesn't need as much government help as it is currently getting. Buffett appeared Wednesday on CNBC four days after releasing his annual letter to Berkshire Hathaway Inc. shareholders. The CEO says most of the businesses Berkshire owns, except the ones that make housing-related products, continue to inch along and improve.

Manufacturing Growing At Fastest Pace In 7 Years

March 2, 2011 3:34 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

WASHINGTON (AP) — U.S. manufacturers expanded at the fastest pace in nearly seven years last month, but a sudden rise in the price of raw materials could threaten their profits. The Institute for Supply Management said Tuesday that its index of manufacturing activity rose to 61.4 in February, up from 60.

Toyota's U.S. Sales Jump 42% In Feb.

March 2, 2011 3:30 am | News | Comments

DETROIT (AP) — Toyota Motor Corp. says its U.S. sales jumped 42 percent last month, making up for ground lost last year from a series of safety recalls. The company's sales plummeted last February after Toyota halted the sales of certain models until they were repaired. This year Toyota saw substantial gains, including a 44 percent increase in car sales and a 39 percent increase in truck sales.

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AT&T To Send Text Ads To Phones Based On Location

March 2, 2011 3:30 am | by Peter Svensson, AP Technology Writer | News | Comments

NEW YORK (AP) — In a first for a wireless carrier, AT&T Inc. said Monday that it will use its phones' location-sensing ability to target text ads with coupons and other offers to participating subscribers in New York, Los Angeles, Chicago and San Francisco. Kmart, part of Sears Holdings Corp.

3M Chief Exec, Obama Administration Square Off

March 2, 2011 3:28 am | News | Comments

WASHINGTON (AP) — President Barack Obama's chief of staff is rebutting claims by the chairman and chief executive of the 3M Co. that the president is anti-business. In an opinion piece for the Financial Times, White House chief of staff Bill Daley challenged George Buckley's assertion that Obama policies could drive manufacturers overseas.

The Correlation Between The Economy And Product Development

March 1, 2011 5:58 am | by Dr. Ronald L. Hollis, Founder, President & CEO, Quickparts.com | Articles | Comments

From my experience, it is much easier to build a growing, thriving, and profitable business when the economy is expanding and more companies are investing in product development. How does the economy correlate with product development? It’s an interesting question and someone from the product development world might assume, “Sure! It is highly correlated.

The Brainstorm: Virtual And Remote Teams

March 1, 2011 5:57 am | Articles | Comments

Succeeding as virtual or remote teams is no easy task. It takes a lot to thrive. Whether or not you can build an effective long-distance design team is a legitimate question. Kevin Simmons, Design Development Director, Industrial Designer, DD STUDIO Being a full-service design and engineering consultancy, DD Studio has communicated at various levels over the course of 27 years with molders and manufacturers in the Far East on behalf of our clients.

Computing 100 Years From Now

March 1, 2011 5:48 am | Videos | Comments

IBM celebrates 100 years as a company in 2011, so let's take a look at the computer giant's storied history and a look forward at the future of computing. Lately, IBM has been in the news because of its development of Watson the supercomputer, but the innovation doesn't end there for the company. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.

iPad Data Theft Suspect Released On Bail

March 1, 2011 3:32 am | by David Porter, Associated Press | News | Comments

NEWARK, N.J. (AP) — An Arkansas man accused of stealing more than 100,000 e-mail addresses of Apple iPad users last year was released on bail Monday and will be prohibited from using the Internet except for work — which in his case means a job as a computer consultant. Andrew Auernheimer of Fayetteville left the Martin Luther King Jr.

Military Body Armor Maker Charged With Accounting Fraud

March 1, 2011 3:31 am | by Marcy Gordon, AP Business Writer | News | Comments

WASHINGTON (AP) — Federal regulators on Monday charged a U.S. defense contractor and three of its former board members with accounting fraud, saying the company overstated earnings to investors. The Securities and Exchange Commission said DHB Industries Inc. settled the civil charges without receiving any penalty.

Carmakers Look To Green Power As Fuel Costs Rise

March 1, 2011 3:27 am | by Collen Barry, Associated Press | News | Comments

GENEVA (AP) — Just when carmakers thought it safe to roll out new models in the wake of the economic crisis — 170 premiers are advertised for the Geneva Auto Show opening this week — a spike in fuel prices has cast a new shadow over the industry and redoubled attention on green technologies.

HP Gets $400M Cloud Contract With Centrica

March 1, 2011 3:25 am | News | Comments

PALO ALTO, Calif. (AP) — Computer maker Hewlett-Packard Co. said Monday that it will provide data center services to Centrica PLC, a U.K.-based energy company, in a $400 million, seven-year agreement. HP said its subsidiary, HP Enterprise Services UK Ltd., will deliver services to help Centrica move to "cloud computing," a system of pay-as-you-go access to servers, storage and other computing resources.

The Federal Reserve's Plan For The Economy Worked; Now What?

March 1, 2011 3:23 am | by Matthew Craft, AP Business Writer | News | Comments

New York (AP) — Nearly everything is going according to the plan Federal Reserve Chairman Ben Bernanke hatched six months ago. During a speech in Jackson Hole, Wyo., on Aug. 27, Bernanke outlined an effort to spur economic growth, prevent prices from falling and push markets higher through the purchase of government bonds.

Intel Acquires Software Maker McAfee

March 1, 2011 3:21 am | News | Comments

SANTA CLARA, Calif. (AP) — Intel Corp., the world's largest chip maker, said Monday that it completed its purchase of security software maker McAfee Inc. Intel said in August that it would buy McAfee for $7.68 billion in an all-cash deal that marks the chip maker's biggest acquisition in its 42-year history.

User-Friendly CNC Programming Solution

February 28, 2011 9:02 am | Product Releases | Comments

Geoometric Technologies (Scottsdale, AZ) has announced the release of CAMWorks® 2011, the latest version of its solid-based CNC programming solution. CAMWorks 2011 is intended to be a more focused upgrade in the CAMWorks line and provide significant new capabilities including enhanced automation, improved knowledge-based machining information, smarter tool paths, and more.

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