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Mid Day Report

Daily news and top headlines for IT professionals

Sony Headed For Fourth Straight Year In The Red

November 2, 2011 4:41 am | by Yuri Kageyama, AP Business Writer | News | Comments

TOKYO (AP) — Sony reported a 27 billion yen ($346 million) loss for the latest quarter and downgraded its annual earnings forecast Wednesday to stay in the red for the fourth year straight, battered by the strong yen and poor sales of flat panel TVs. The Japanese electronics and entertainment conglomerate is now projecting a 90 billion yen loss ($1.

Factory Activity Slows As Economy Stays Sluggish

November 2, 2011 4:40 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

WASHINGTON (AP) — U.S. manufacturing grew more slowly in October, hampered by weaker demand for exports and slower production at factories. But companies ordered more goods, factories slashed their stockpiles and auto sales rose. Those trends suggest manufacturing activity could rebound in coming months.

Former Solyndra CEO Negotiates $456K Severance Package

November 2, 2011 4:37 am | by Randall Chase, AP Business Writer | News | Comments

DOVER, Del. (AP) — New court documents show the founder and former CEO of solar panel maker Solyndra Inc. negotiated a severance package worth almost half a million dollars. Documents the company filed in bankruptcy court in Delaware also show the executive, Chris Gronet, was terminated July 1, almost two months before Solyndra announced he was leaving.

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NJ Spends $23 Million On Worker Training Grants

November 2, 2011 4:36 am | by Beth DeFalco, Associated Press | News | Comments

ATLANTIC CITY, N.J. (AP) — Gov. Chris Christie headed to Atlantic City's oldest business on Tuesday to tout nearly $23 million spent for worker training matching grants to businesses over the past two years and said he was "fairly happy" with progress the city has made since the state stepped in to oversee the casino district.

Big Three Sales Rise, Chrysler Takes Top Spot

November 2, 2011 4:34 am | News | Comments

Chrysler sales rise 27 pct, GM up 2 pct in October DETROIT (AP) -- Chrysler said Tuesday its U.S. sales jumped 27 percent in October, while General Motors reported a slimmer 2 percent increase on increased demand for both cars and trucks. Chrysler Group LLC sold more than 114,000 cars and trucks last month compared with 90,000 a year earlier.

Tech Companies Report Solid Results

November 2, 2011 4:33 am | News | Comments

A look at how selected companies providing computers, components, services and related software are faring: Oct. 17: IBM beat analysts' net income forecasts for the third quarter and raised its earnings outlook for the full year thanks to the success of its software and services businesses.

There’s More To Lean Than Textbook Recipes

November 1, 2011 9:37 am | by Alan Nicol, Executive Member, AlanNicolSolutions | Articles | Comments

Two very important elements of successful execution of the Lean methodology are often overlooked and left out of most Lean training. In my experience applying the Lean methodology to both office or “transactional” work functions as well as production environments, I have observed Lean solutions, sometimes they are even recommended by expert consultants, fail leaving the Lean experts scratching their heads.

Taking Things National With ERP

November 1, 2011 9:19 am | Articles | Comments

When one company decided to bring its business national in 2010, the company’s leaders recognized the need for a modern ERP solution that would cost-effectively scale to support the company’s growth and drive improved efficiencies. From its headquarters in Preston, Wash.

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What Europe's Economic Crisis Means To The U.S.

November 1, 2011 8:42 am | Videos | Comments

Wall Street is watching to see if Europe can contain a debt crisis that threatens to trigger an unpredictable financial collapse. Anthony Mason reports on what Europe's economic crisis means here. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.

AT&T Announces First Phones For New High-Speed Network

November 1, 2011 4:55 am | by Peter Svensson, AP Technology Writer | News | Comments

y Peter Svensson, AP Technology Writer NEW YORK (AP) — The first two phones to run on AT&T's new high-speed data network will go on sale Sunday. The phones are the HTC Vivid and the Samsung Galaxy S II Skyrocket. Both are big touchscreen smartphones that run Google Inc.'s Android software.

Security Firm: Hackers Hit 48 Chemical Companies

November 1, 2011 4:53 am | by Joe McDonald, AP Business Writer | News | Comments

BEIJING (AP) — Cyber attacks traced to China targeted at least 48 chemical and military-related companies in an effort to steal technical secrets, a U.S. computer security company said Tuesday, adding to complaints about pervasive Internet crime linked to this country. The targets included 29 chemical companies and 19 others that make advanced materials used by the military, California-based Symantec Corp.

Solar Panel Maker Solyndra Set To Auction Assets

November 1, 2011 4:51 am | News | Comments

FREMONT, Calif. (AP) — The bankrupt solar company Solyndra Inc. is auctioning off surplus assets this week as part of its bankruptcy proceedings. Starting Wednesday, buyers can purchase the former solar manufacturer's office microwave, artwork that once hung on its walls and an array of heavy equipment and tools owned by the former solar panel maker.

Toyota Unveils Machines To Help Sick, Elderly Move

November 1, 2011 4:50 am | by Yuri Kageyama, AP Business Writer | News | Comments

TOKYO (AP) — Toyota unveiled its ambitions for high-tech health care Tuesday, displaying experimental robots that the auto giant says can lift disabled patients from their hospital beds or help them walk. The company aims to commercialize products such as its "independent walk assist" device sometime after 2013 — seeking to position itself in an industry with great potential in Japan, one of the world's most rapidly aging nations.

Can Kodak Rescue Itself Via A Patent Bonanza?

November 1, 2011 4:48 am | by Ben Dobbin, AP Business Writer | News | Comments

ROCHESTER, N.Y. (AP) — Picture this: Kodak — the company that invented the first digital camera in 1975, and developed the photo technology inside most cellphones and digital devices — is in the midst of the worst crisis in its 131-year history. Now, caught between ruin and revival, Eastman Kodak Co.

No Major Fed Moves Expected As Economy Shows Gains

November 1, 2011 4:47 am | by Martin Crutsinger, AP Economics Writer | News | Comments

WASHINGTON (AP) — Let's wait and see. That's likely to be the message from the Federal Reserve on Wednesday, when its two-day policy meeting ends. Few expect any bold new steps to be announced. Fed policymakers likely want to gauge the impact of action they've taken recently to keep interest rates low.

Generation Y

October 31, 2011 9:11 am | by Meaghan Ziemba, Associate Editor, Product Design & Development | Articles | Comments

The opportunities that digital technologies provide for today’s younger generation are forcing business leaders and marketers to rethink their strategies for successful product development and manufacturing. While I hate to admit it, I am still very proud to say that my daughter is a lot smarter than me when I was her age.

Design Junkies Upcycle

October 31, 2011 8:57 am | by Matthew Morris-Cook | Articles | Comments

Have you ever seen a chandelier made of used eyeglasses? You can see that and more from a Trenton, New Jersey-based recycling and upcycling firm that converts millions of tons of waste into new products or materials . The designers at TerraCycle refer to themselves as “junkies.

Introducing The Jet-Powered Surfboard

October 31, 2011 5:58 am | Videos | Comments

Southern California surfing startup Wavejet shows off its jet-powered surfboard. One of the models gives users 40 minutes of runtime, or about 90 minutes of time in the water. Oh, and what's the price for one of these boards? Try a cool $4,000-$4,500. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.

Samsung Passes Apple In Phones

October 31, 2011 4:19 am | by Barbara Ortutay, AP Technology Writer | News | Comments

NEW YORK (AP) — For the first time, Samsung Electronics Co. shipped more smartphones in the latest quarter than tech industry darling Apple Inc. On the surface, this may look like a big upset in a world that gives the iPhone maker adulation and outsized expectations. The real reason, however, has more to do with timing and Samsung's variety of offerings and prices.

In Connecticut, Manufacturing Jobs Go Begging

October 31, 2011 4:18 am | by Harlan Levy | News | Comments

MANCHESTER, Conn. (AP) — Lalit Radia and his wife, Bina, who moved recently to Glastonbury from India, were in the waiting room of GE Aviation's Parker Street plant on Thursday with applications for machinist jobs. Each has 10 years' experience in a paper and printing plant, and they're hoping to get two of the 10 machinist and welding jobs that GE Aviation's Parker Street and Adams Street plants have been trying to fill for several months without success.

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