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Mid Day Report

Daily news and top headlines for IT professionals

Northrop Grumman Announces 210 Layoffs In Texas

January 3, 2012 3:33 am | News | Comments

FORT WORTH, Texas (AP) — The manufacturer of the B-2 bomber and unmanned aircraft used by the U.S. military says about 210 people working at the company's facility in Fort Worth will be laid off in February. Herndon, Va.-based Northrop Grumman Technical Services, Inc. says in a letter to the Texas Workforce Commission the employees will lose their jobs around Feb.

Longtime Apple Design Team Head Knighted In U.K.

January 3, 2012 3:32 am | by Alex Veiga, AP Business Writer | News | Comments

LOS ANGELES (AP) — Fans of the clean, inviting look of the iPhone, iPad and other blockbuster Apple products are legion, and that includes Queen Elizabeth II. The British monarch has awarded a knighthood to Jonathan Paul Ive, a British citizen and head of Apple Inc.'s design team since the mid-'90s.

Letter Unveils Specifics Regarding Ex-HP CEO's Harassment Claims

January 3, 2012 3:30 am | by Barbara Ortutay and Rachel Metz, AP Technology Writers | News | Comments

SAN FRANCISCO (AP) — Former Hewlett-Packard CEO Mark Hurd's efforts to impress an HP event hostess included showing her his checking-account balance holding over $1 million, according to a letter detailing the sexual harassment allegations that led to his ouster. The letter was obtained late Thursday by The Associated Press after the Delaware Supreme Court ruled that disclosing it did not violate Delaware laws.

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U.S. Auto Industry Again Poised For Growth In New Year

January 3, 2012 3:28 am | by Tom Krisher, AP Auto Writer | News | Comments

DETROIT (AP) — After hitting a 30-year low in 2009, U.S. auto sales are poised for a second straight year of growth — the result of easier credit, low interest rates and pent-up demand for cars and trucks created by the Great Recession. The sales forecast bodes well for the industry's continued recovery and for the broader American economy.

Eastman Kodak Loses Third Board Member In Two Weeks

January 3, 2012 3:27 am | News | Comments

ROCHESTER, N.Y. (AP) — Eastman Kodak Co. says another member of its board of directors has resigned — the third director to exit the struggling company in the past two weeks. The latest director to relinquish the post is Laura D. Tyson, according to a company filing with the Securities and Exchange Commission on Friday.

Stocks Up Solidly As U.S. Economy Takes Center Stage

January 3, 2012 3:25 am | by Pan Pylas, AP Business Writer | News | Comments

LONDON (AP) — Global stock markets mostly rose Tuesday after a run of solid economic news, notably out of China, helped keep concerns over the European debt crisis at bay. The euro also bounced back, trading 0.7 percent higher at $1.3041. Last week, it hit a 15-month dollar low of $1.

An Engineer's Playhouse

January 3, 2012 2:53 am | Videos | Comments

Is it a house? A garage? Or both? Check out this fascinating feat of engineering. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department. Have any comments or questions about our MBT Mid-Day Report videos? Or do you have a video you'd like to see featured in one of our deployments? Email me at Mike.

MTI Systems Offers Educational Institutions Discounts On Its Cost-Estimating Tool

December 22, 2011 5:24 am | News | Comments

WEST SPRINGFIELD, MA -- MTI Systems, Inc. announced their country-wide initiative offering educational institutions significant discounts on their flag ship product Costimator, a cost-estimating, quoting and process planning software tool for manufacturers. “Manufacturing initiatives, emerging at an increasing rate, indicate the growing concern to help bring more manufacturing jobs back to America.

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Be Proactive In 2012 And Get To The Next Level

December 22, 2011 5:15 am | by Joey Benadretti, President, SYSPRO USA | Articles | Comments

Rather than making predictions about the economic conditions that will prevail this year, I feel that companies, particularly US-based manufacturers and distributors, must take aggressive steps to impact the nation’s economy and strive to actively shape their own destinies in 2012. I have thought long and hard about the state of our economy going into 2012 and what needs to be done.

American Picker

December 22, 2011 4:15 am | by Chris Fox, Managing Editor | Articles | Comments

Thriving for the last year by repurposing industrial materials into new products, one company is constantly looking for other ideas for reuse and development. It’s not recycling, it’s repurposing. Just over a year ago, the owner of a waste company was struck with a vision for old billboard vinyls.

Economy Grew More Slowly In Summer Than Thought

December 22, 2011 3:46 am | by Martin Crutsinger, AP Economics Writer | News | Comments

WASHINGTON (AP) — The U.S. economy grew more slowly in the summer than previously thought because consumers spent less than the government had first estimated. But economists expect growth in the current October-December quarter to be stronger. The Commerce Department says the economy grew at an annual rate of 1.

BlackBerry Maker RIM's Future Very Much In Doubt

December 21, 2011 9:13 am | Videos | Comments

Beleaguered Blackberry maker Research in Motion shocked investors again with an abysmal outlook and delayed new phones to late 2012. Is the end near for the once-dominant mobile phone brand? If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.

The Battle Between Your Present And Future Self

December 21, 2011 9:04 am | Videos | Comments

Every day, we make decisions that have good or bad consequences for our future selves. TED speaker Daniel Goldstein makes tools that help us imagine ourselves over time, so that we make smart choices. In these still-uncertain economic times, we need all the tools we can get. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.

The Dumbest Business Moments Of 2011

December 21, 2011 8:41 am | Videos | Comments

There was no shortage of noteworthy business news in 2011, but some (if not all) of the execs at the companies involved in the following stories couldn't have been too happy when they saw their name in the headlines. So as the year comes to an end, let's look take a look at the dumbest business moments of 2011.

Cameras That Fly

December 21, 2011 8:30 am | Videos | Comments

Radio-controlled hexacopters built by AirPano are designed to shoot landscapes from above with a wide-angled camera. Here they are in action... If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department. Have any comments or questions about our MBT Mid-Day Report videos? Or do you have a video you'd like to see featured in one of our deployments? Email me at Mike.

Variable Speed Drive And Bypass Package

December 21, 2011 7:00 am Manufacturing Business Technology Product Releases | Comments

Yaskawa America (Waukegan, IL) announces the release of the Z1000 family of HVAC drives.  The Z1000 Variable Speed Drive is designed for building automation applications such as fans, pumps, and cooling towers through 500 HP.  Its features begin with an easy-to-read LCD operator with Hand-Off-Auto functions.

Japan Prosecutors Raid Olympus, Former Exec's Home

December 21, 2011 3:28 am | by Yuri Kageyama, AP Business Writer | News | Comments

TOKYO (AP) — Japanese prosecutors raided the headquarters of Olympus Corp. and the home of its former president Wednesday as part of an investigation into the cover-up of massive losses at the camera and medical equipment maker. A trail of dark-suited officials was shown on national television marching solemnly into the company's downtown Tokyo office building.

Oracle Stumbles In 2Q, Raising Concerns About Tech Sector

December 21, 2011 3:27 am | by Michael Liedtke, AP Technology Writer | News | Comments

SAN FRANCISCO (AP) — Oracle stumbled in its latest quarter as the business software maker struggled to close deals, a signal of possible trouble ahead for the technology sector. The performance announced Tuesday covered a period of economic turbulence which has raised concerns that major companies and government agencies may curtail technology spending.

Toymakers Rely On Tech-Savvy 'Mommy Bloggers' This X-Mas

December 21, 2011 3:23 am | by Mae Anderson, AP Retail Writer | News | Comments

(AP) —Emily Vanek is not buying up a bunch of LeapPad Explorers herself, but she may be at least partly to blame for some stores selling out of the $99 children's tablet this holiday season. "The LeapPad is incredible," the Denver mother of three boys wrote to the 6,000 readers of her ColoradoMoms.

New S.C. Food Plant, 700 Hires Put On Hold

December 21, 2011 3:22 am | News | Comments

GREENVILLE, S.C. (AP) — A California organic food maker says its plans to open a plant in South Carolina and hire 700 workers have been put on hold. Amy's Kitchen says it has encountered unexpected problems renovating a former bakery along Interstate 85 in Greenville. The company says demand for its products are so great it needs more manufacturing capability now, so it is expanding some existing facilities instead.

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