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Mid Day Report

Daily news and top headlines for IT professionals

WTO Upholds 'Rare Earth' Ruling Against China

August 7, 2014 1:04 pm | by The Associated Press | News | Comments

The World Trade Organization has upheld a ruling that China violated international trade rules with restrictions on the export of "rare earths," the minerals used in mobile phones, hybrid cars, flat-screen TVs and other high-tech products.   

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Corporate Offshoring May Take A Hit

August 7, 2014 1:00 pm | by Jon Minnick, Associate Editor | Blogs | Comments

Shares of Walgreen Co. fell on media reports that the nation's largest drugstore chain will not reincorporate itself overseas — in turn, irritating investors by missing out on the approximately $4 billion it would have saved by moving overseas. But Walgreen isn’t the only U.S. corporation faced with this decision.

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Timex: Untethered Smartwatch Is A 'Very Big Deal'

August 7, 2014 12:48 pm | by USA TODAY | Videos | Comments

Timex chairwoman Anette Olsen talks to Ed Baig about the new Ironman One GPS+ smartwatch — which is not tethered to a phone.                                    

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Manufacturer Limits Employee Bathroom Breaks

August 7, 2014 12:44 pm | by CNNMoney | Videos | Comments

Union employees for a Chicago faucet company file a complaint about 6 minute bathroom breaks.                                             

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Brewing A Craft Beer Empire

August 7, 2014 12:36 pm | by CBS News | Videos | Comments

Sierra Nevada is the largest privately owned craft brewery in the U.S. Founder Ken Grossman is determined to keep it that way, by expanding eastward from California.                         

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Obama Seeks Executive Ways To Limit Tax Inversions

August 7, 2014 10:02 am | by Josh Lederman, Associated Press | News | Comments

Aiming to sidestep a logjam in Congress, the Obama administration is looking for steps it could take on its own to prevent American companies from reincorporating overseas to shirk U.S. taxes, officials said Tuesday.         

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Putin Orders Import Limits Over Sanctions

August 7, 2014 10:00 am | by Jim Heintz, Associated Press | News | Comments

President Vladimir Putin has ordered government agencies to restrict imports of food and agricultural products from the countries that have imposed sanctions against Russia over the conflict in Ukraine.             

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FDA Rules Ga. Peanut Plant 'Not Fit' To Produce Food

August 7, 2014 9:55 am | by Russ Bynum, Associated Press | News | Comments

A Georgia peanut plant linked to a deadly salmonella outbreak shipped food to customers that lab tests confirmed was tainted, failed to clean production equipment of possible contaminants and didn't ensure a peanut roaster was hot enough to kill bacteria, a federal inspector testified Wednesday.

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Nestle Profit Falls

August 7, 2014 9:42 am | by David McHugh, AP Business Writer | News | Comments

The maker of the Haagen-Dazs, Stouffer's and Nescafe brands said Thursday its performance had been "resilient" in a global economy where emerging-market growth has slowed and developed markets face deflationary pressures and weak consumer confidence. 

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U.S. Jobless Aid Applications Fall

August 7, 2014 9:38 am | by Josh Boak, AP Economics Writer | News | Comments

Fewer people sought U.S. unemployment benefits last week, as jobless claims remain at relatively low levels that point toward stronger economic growth.                             

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Coca-Cola Plant Had Received Threats

August 7, 2014 9:35 am | by The Associated Press | News | Comments

A Coca-Cola distribution plant in southern Mexico had received threats before attackers burned four of its delivery trucks in an area known for drug gang turf battles, the company said.                   

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Chrysler Profit Up 22 Percent

August 6, 2014 1:08 pm | by The Associated Press | News | Comments

Chrysler Group says its second-quarter net profit rose 22 percent, fueled by rising sales in the U.S.                                           

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China: No Evidence Spoiled Meat Made It To Japan

August 6, 2014 1:04 pm | by The Associated Press | News | Comments

An ongoing investigation into the food safety scandal that hit several popular fast food chains last month has uncovered no evidence that spoiled meat made it to Japan, Chinese food safety regulators told their Japanese counterparts.     

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Toyota Pledges $1M Toward Detroit Bankruptcy Deal

August 6, 2014 1:01 pm | by The Associated Press | News | Comments

Toyota has pledged $1 million toward the Detroit Institute of Arts' goal to raise $100 million to prevent the sale of art in Detroit's bankruptcy and help city pensioners.                       

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Mondelez Lowers Forecast As Sales Fall Short

August 6, 2014 12:58 pm | by The Associated Press | News | Comments

In a conference call, CEO Irene Rosenfeld said Mondelez raised prices to make up for rising costs for ingredients such as cocoa and dairy products. The company had expected its pricing actions to hurt sales, she said, but didn't expect such a big impact.

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Using Social Media In The Supply Chain

August 6, 2014 12:50 pm | by Ed Rusch | Articles | Comments

Social media brings businesses closer to their customers, provides a platform for communication and building thought leadership, and when executed properly it can help drive business and provide a significant return on investment.     

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An Apple And Samsung Truce? Almost.

August 6, 2014 12:30 pm | by CNNMoney | Videos | Comments

Apple and Samsung call a partial truce in their patent battle. But the war still rages on in the United States — just as rumors swirl about an iPhone 6 launch date.                         

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Russian Hackers Know Your Password

August 6, 2014 12:15 pm | by CNNMoney | Videos | Comments

How a security firm discovered the massive data breach, how to know if your information was compromised, and what to do to prevent further leaks.                              

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Sprint Names New CEO

August 6, 2014 9:41 am | by The Associated Press | News | Comments

Sprint is replacing its longtime CEO Dan Hesse with Brightstar CEO Marcelo Claure on the heels of a report that it is dropping its bid for rival wireless carrier T-Mobile.                       

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Microsoft Hires Qualcomm Exec To Make Deals

August 6, 2014 9:37 am | by The Associated Press | News | Comments

Microsoft CEO Satya Nadella has lured away an executive from smartphone chip maker Qualcomm to hammer out more deals that will expand the software maker's presence in the mobile device market.                 

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