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Mid Day Report

Daily news and top headlines for IT professionals

Allergan Reviews Meeting Requests In Takeover Bid

August 25, 2014 9:31 am | by Linda A. Johnson, AP Business Writer | News | Comments

Botox maker Allergan Inc. is reviewing shareholder requests for a special meeting to consider replacing most of its board, a change fellow drugmaker Valeant Pharmaceuticals International Inc. is seeking as part of the hostile takeover attempt it's been waging since April.

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LG Bets On Pricey OLED Technology For TVs

August 25, 2014 9:25 am | by Youkyung Lee, AP Technology Writer | News | Comments

LG Electronics Inc. announced two new giant OLED TVs with ultra-high definition screens Monday, sticking with its strategy of using the exceptionally expensive OLED display technology.                   

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Feds In Hot Seat To Change Interest Rates As Economists' Views Clash

August 25, 2014 9:20 am | by Matthew Brown, Associated Press | News | Comments

The Federal Reserve's annual conference opened with Chair Janet Yellen suggesting that the U.S. economy, the world's biggest, still needs help in the form of ultra-low rates and that U.S. inflation has yet to become a problem.       

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Roche To Buy U.S. Biotech Firm InterMune For $8.3B

August 25, 2014 9:14 am | by The Associated Press | News | Comments

Swiss pharmaceutical company Roche said Sunday it has reached an $8.3 billion deal to buy InterMune Inc., a California-based developer of treatments for lung diseases.                       

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Keurig Strikes Deal With Kraft

August 22, 2014 11:45 am | by The Associated Press | News | Comments

Keurig Green Mountain says it struck a deal to make Kraft's branded coffees, such as Maxwell House and Gevalia, for its single-serve brewing systems in the U.S.                         

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Deere To Lay Off 460 From Iowa Plant

August 22, 2014 11:44 am | by The Associated Press | News | Comments

Agricultural equipment maker Deere is laying off about 460 employees indefinitely from an Iowa tractor factory as it continues to adjust to market demand.                           

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The New Face Of Manufacturing: Conquering An Omnichannel World

August 22, 2014 11:24 am | by Adam Kline | Articles | Comments

Omnichannel is one of the hottest buzz-words in supply chain today, but how far does the concept reach? You hear a lot about how omnichannel impacts retailers, carriers and even some wholesalers… but its potential to disrupt the manufacturing industry may surprise you.

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Juicing Up That Other Engine Under Your Hood

August 22, 2014 10:59 am | by Venkateswaran Vinod | Articles | Comments

The challenge for tech companies and automakers alike is that computer hardware and software embedded in a new car can be obsolete in just a couple years. But the owner will drive the car for an average of six to seven years before he trades it in for a new model. 

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Ford To Unveil New Hybrid Cars In 2018

August 22, 2014 10:44 am | by USA TODAY | Videos | Comments

Ford plans to introduce a new hybrid gasoline-electric car in late 2018. The model will be compact and is a dedicated hybrid unlike the current Fusion. Ford wants to take on Toyota's best-selling hybrid, the Prius.           

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Is The Aston Martin DP-100 A Vision Of The Future?

August 22, 2014 10:40 am | by CNET | Videos | Comments

Aston Martin teamed up with Polyphony Digital to put the DP-100 Concept in to Gran Turismo 6. XCAR spoke to the guys behind it to find out what it means for the future of Aston Martin.                   

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Nestle Pushes For Humane Treatment Of Animals In Supply Chain

August 22, 2014 9:57 am | by PRNewswire | News | Comments

Nestle has announced a major pledge to improve the welfare of the farm animals in its supply chain, following the signature of a partnership agreement with NGO World Animal Protection.                   

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Jell-O Can't Stop Slippery Slide

August 22, 2014 9:45 am | by Candace Choi, AP Food Industry Writer | News | Comments

Executives at Kraft Foods, which owns Jell-O, say they're confident they can revitalize the brand. But their efforts so far have been a disappointment.                             

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Gauge Of U.S. Economy Rises 0.9 Pct. In July

August 22, 2014 9:42 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A gauge designed to predict the economy's future health posted the sharpest advance in four months in July, indicating the economy is gaining traction headed into the last half of the year.                 

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Ford Recalling More Than 160K Vehicles

August 22, 2014 9:40 am | by The Associated Press | News | Comments

Ford is recalling more than 160,000 vehicles in North America for two safety issues.                                               

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Honda Recalls Fit To Boost Crash Resistance

August 21, 2014 1:15 pm | by Tom Krisher, AP Auto Writer | News | Comments

Honda is recalling 12,000 Fit subcompacts to replace the steel front bumper beams so the cars are more crash-resistant.                                     

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Alberta Court Fines Cargill $80K For Environmental Law Breach

August 21, 2014 1:13 pm | by The Canadian Press | News | Comments

An Alberta court has fined the company that owns the largest beef processing plant in Canada $80,000 for breaking an environmental law.                                 

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Hostess Closing Bakery That Created The Twinkie

August 21, 2014 1:10 pm | by The Associated Press | News | Comments

Hostess Brands plans to close the suburban Chicago bakery where the Twinkie was invented in 1930, cutting 400 jobs and shuttering a piece of American baking history.                         

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The Alfa Romeo 4C Heads To The U.S.

August 21, 2014 1:04 pm | by USA TODAY | Videos | Comments

It's been 19 years since an Alfa Romeo has been marketed in the United States. Now that the Alfa Romeo 4C is state-side, Chris Woodyard gives it a drive.                           

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Pabst To Resurrect Ballantine IPA

August 21, 2014 12:57 pm | by CNNMoney | Videos | Comments

After the renaissance of 'PBR', Pabst Brewing Company is reviving Ballantine's India Pale Ale, which was first brewed in 1878.                                   

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An $800,000 Watch That Tells Near-Perfect Time

August 21, 2014 12:51 pm | by CNNMoney | Videos | Comments

Greubel Forsey, a Swiss watchmaking startup, is pushing the boundaries of precision. For $800,000, you can buy a mechanical watch that tells near-perfect time.                          

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