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Mid Day Report

Daily news and top headlines for IT professionals

EU Investigating Illegal Apple Tax Benefits

September 30, 2014 9:47 am | by Juergen Baetz, Associated Press | News | Comments

Ireland appears to be granting Apple illegal tax rebates that may have to be recouped, the European Union's competition watchdog said Tuesday as it pressed on with an inquiry into the iPhone maker's overseas tax practices.        

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Court-Ordered Ads Challenged By Firms

September 30, 2014 9:42 am | by Michael Felberbaum, AP Tobacco Writer | News | Comments

The nation's largest tobacco companies are challenging court-ordered advertisements requiring the cigarette makers to say they lied about the dangers of smoking.                         

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Toyota Recalls Pickups To Fix Rear Springs

September 30, 2014 9:37 am | by The Associated Press | News | Comments

Toyota says it is recalling 690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire.                               

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Bill Gates Ranked Richest American By Forbes

September 30, 2014 9:34 am | by Mae Anderson, Associated Press | News | Comments

Microsoft co-founder Bill Gates topped Forbes' latest list of the 400 richest Americans for the 21st straight year.                                       

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Ford Lowers European Outlook, Shares Drop

September 30, 2014 9:29 am | by The Associated Press | News | Comments

Ford shares tumbled Monday after the automaker said it will fall short of its full-year profit goals.                                           

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China Manufacturing Growth Low In September

September 30, 2014 9:25 am | by The Associated Press | News | Comments

China's manufacturing activity in September held steady at the previous month's low level, indicating the world's second-largest economy faces risks to growth, a survey showed Tuesday.                   

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Johnson & Johnson Buying Alios

September 30, 2014 9:21 am | by The Associated Press | News | Comments

Johnson & Johnson is buying the biopharmaceutical company Alios BioPharma Inc. for about $1.75 billion.                                         

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Schneider Electric To Acquire InStep Software

September 30, 2014 9:17 am | by Schneider Electric | News | Comments

Schneider Electric, the global specialist in energy management, has entered into an agreement to acquire InStep Software, a leading provider of real-time performance management and predictive asset analytics software and solutions.     

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Recipients Of $450M Job-Driven Training Grants Announced

September 29, 2014 1:29 pm | by U.S. Department of Labor | News | Comments

The grants will provide eligible institutions of higher education with funds to partner with employers to expand and improve their ability to deliver education and career training programs that will help job seekers get the skills they need for in-demand jobs in industries like information technology and advanced manufacturing.

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Lenovo Plans Expansion After IBM Acquisition

September 29, 2014 1:19 pm | by Joe McDonald, AP Business Writer | News | Comments

Lenovo Group has received U.S. and European approval to complete its acquisition of IBM Corp.'s low-end server business and plans to use it to grow faster outside its personal computer business, Lenovo's chairman said.         

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Safety Agency Monitoring Toyota Acceleration Problem

September 29, 2014 1:15 pm | by Tom Krisher, AP Auto Writer | News | Comments

A U.S. safety agency is looking into a consumer's petition alleging that older Toyota Corollas can accelerate unexpectedly at low speeds and cause crashes.                           

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Harley Issues Recalls

September 29, 2014 1:11 pm | by The Associated Press | News | Comments

Harley-Davidson is recalling some motorcycles due to clutch and fuel tank issues.                                                 

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Tech Company Develops Self-Parking Phone App

September 29, 2014 1:01 pm | by USA tODAY | Videos | Comments

French automotive technology company Valeo has developed an app that will park your car with just a thumb swipe on your smartphone.                                  

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Training Cybercrime-Fighters To Think Like Criminals

September 29, 2014 12:57 pm | by CBS News | Videos | Comments

In the war on cybercrime, Charles Largay is training the next generation of cops on the beat. By showing them how to break into computer networks, Largay is teaching his students to think like the bad guys.             

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Managing Accruals: Why ERP Systems Are Not Enough

September 29, 2014 12:51 pm | by Joe Alphonse | Articles | Comments

ERP systems, while great for processing business transactions and managing accounting flows, struggle to determine precise accrual rates — a task that can lead directly to the misallocation of money.               

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U.S. Consumer Spending Up In August

September 29, 2014 10:16 am | by Martin Crutsinger, Associated Press | News | Comments

Americans boosted spending by a healthy amount in August, offering welcome evidence that the economy is on solid footing heading into the final quarter of the year.                         

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Ford Invests In New LED Lighting For Manufacturing Plants

September 29, 2014 10:13 am | by Business Wire | News | Comments

Ford Motor Company is investing in the future as it begins installing LED lighting at manufacturing facilities across the globe. The new lights, valued at more than $25 million, will save energy and money while improving safety and lighting quality.

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Goodyear Aims To Use Rice Husk Byproduct In Tires

September 29, 2014 10:08 am | by Mark Gillispie, Associated Press | News | Comments

One of the world's biggest tire manufacturers is taking another step toward more environmentally friendly production by incorporating a byproduct created by the burning of rice husks into a material used in high-end tires.        

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Foster Farms Recalls Nearly 40K Pounds Of Chicken

September 29, 2014 10:03 am | by The Associated Press | News | Comments

The U.S. Department of Agriculture says Foster Farms is recalling approximately 39,747 pounds of frozen pre-cooked chicken products due to possible contamination with Listeria monocytogenes.                 

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Q&A With Kenesto

September 26, 2014 3:43 pm | by Manufacturing Business Technology | Articles | Comments

Stephen Bodnar, senior vice president of strategy and products with Kenesto, took some time to talk with Manufacturing Business Technology about his company and what it has to offer manufacturers.               

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