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Mid Day Report

Daily news and top headlines for IT professionals

Peltz: PepsiCo Should Still Split Drinks, Snacks

February 20, 2014 10:38 am | by The Associated Press | News | Comments

Peltz's Trian Fund Management sent a letter to PepsiCo Inc. on Wednesday, saying it views "structural change as the best path forward to generate sustainable increases in shareholder value."                 

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China's Manufacturing Slows To 7-Month Low

February 20, 2014 10:35 am | by The Associated Press | News | Comments

China's manufacturing contracted for a second straight month in February as a mainstay of the world's No. 2 economy loses momentum amid government efforts to rein in credit and investment growth.               

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Nebraska Law That Allowed Keystone XL Struck Down

February 20, 2014 10:29 am | by Grant Schulte, Associated Press | News | Comments

A Nebraska judge on Wednesday struck down a law that allowed the Keystone XL pipeline to proceed through the state, a victory for opponents who have tried to block the project that would carry oil from Canada to Texas refineries.      

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Report: Offshoring And Outsourcing A Mixed Bag For U.S. Jobs, Wages

February 19, 2014 3:08 pm | by UC Berkeley and Massachusetts Institute of Technology (MIT) | News | Comments

Without solid numbers, many have assumed that most of the offshored jobs go to developing countries where workers are paid near-poverty wages in less than ideal working conditions. However, the researchers said public fear that offshoring to lower-cost countries is putting downward pressure on U.S. jobs may be overblown.

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Water Bottler Faces Opposition In California

February 19, 2014 3:01 pm | by The Associated Press | News | Comments

Spring water bottler Crystal Geyser's plans to tap an aquifer at the base of Mount Shasta in far Northern California is running into opposition from some residents, environmentalists and Native American tribes.           

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U.S. Producer Prices Rose Slight 0.2 Percent In Jan.

February 19, 2014 2:59 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The cost of producing goods and services in the United States rose slightly in January, with higher food prices partly offset by cheaper gas. Overall, inflation remains mild.                     

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W.Va. Company Involved In Spill Wants Consultants

February 19, 2014 2:57 pm | by The Associated Press | News | Comments

Freedom Industries will return to the Robert C. Byrd Federal Courthouse for a 10 a.m. hearing Friday. The company wants to hire experts and environmental consultants to assess the circumstances surrounding its Jan. 9 spill.       

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VW Union Chief Won't Give Up Fight For U.S. Plant

February 19, 2014 2:55 pm | by The Associated Press | News | Comments

Volkswagen's top workers' representative says he won't give up the fight for unionization at the German automaker's plant in Chattanooga, Tennessee.                             

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Czech Brewer Gets Budweiser Trademark In Portugal

February 19, 2014 2:53 pm | by The Associated Press | News | Comments

The Czech brewery Budvar says a Portuguese trade court has ruled that it will have the exclusive rights to the Budweiser trademark in the country, canceling the rights owned by rival Anheuser-Busch InBev.             

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John Kerry Mocks Those Who Deny Climate Change

February 19, 2014 2:51 pm | by Matthew Lee, AP Diplomatic Writer | News | Comments

U.S. Secretary of State John Kerry on Sunday called climate change perhaps the world's "most fearsome" destructive weapon and mocked those who deny its existence or question its causes, comparing them to people who insist the Earth is flat.   

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Q&A: How Amazon Could Change B2B

February 19, 2014 10:20 am | by Joel Hans, Managing Editor, Manufacturing.net | Articles | Comments

Amazon recently announced a new branch called AmazonSupply that aims to take on the role that industrial distributors have been doing for decades — supplying much-needed parts or MRO products to manufacturers in a timely, regular fashion. For manufacturers, it’s an intriguing new possibility.

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The Role Of Software In SRM

February 19, 2014 10:02 am | by Douglas Olander, Managing Director, BBK | Articles | Comments

What separates those manufacturers using data effectively from those not is centered in how data issues are handled. It revolves around management approach, not software sophistication.                   

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'Back To The Future' Self-Tying Power Laces Coming Soon

February 19, 2014 9:34 am | by USA Today | Videos | Comments

Nike will introduce self-tying "power laces," as worn by Marty McFly in Back to the Future Part II. In the 1989 movie, the power laces became a reality in 2015. Sure enough, next year is when Nike will unveil the laces, confirmed Nike designer Tinker Hatfield.

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Judge Rules For Company In W. Va. Mesh Lawsuit

February 19, 2014 9:23 am | by The Associated Press | News | Comments

A federal judge has ruled in favor of a manufacturer in a lawsuit brought by a Texas woman who claimed her pelvic pain was caused by implanted surgical mesh.                           

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Budget Office: Wage Hike Would Lift Pay, Cost Jobs

February 19, 2014 9:21 am | by Alan Fram, Associated Press | News | Comments

In a report containing ammunition for both supporters and opponents of the Democratic election-year proposal, the Congressional Budget Office said gradually raising the minimum from $7.25 hourly to $10.10 would lift 900,000 people above the federal poverty level by 2016.

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Dongfeng, French Government To Invest In Peugeot

February 19, 2014 9:16 am | by Joe McDonald, AP Business Writer | News | Comments

Loss-making French carmaker PSA Peugeot Citroen is getting a 3 billion euro lifeline backed by Chinese investors and the French government in a deal that will see the company's founding family hand over control after more than two centuries at the helm.

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China Investigating Qualcomm, InterDigital

February 19, 2014 9:12 am | by Joe McDonald, AP Business Writer | News | Comments

Regulators are investigating whether U.S. technology companies Qualcomm and InterDigital violated China's anti-monopoly law by charging excessive fees for patent licenses, a government spokesman said Wednesday.           

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Federal Inspectors Shut Down Calif. Meat Producer

February 19, 2014 9:06 am | by The Associated Press | News | Comments

Federal inspectors shut down a central California slaughterhouse that supplies beef to the National School Lunch Program because of unsanitary conditions.                           

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HTC Offers To Replace Cracked Phone Screens

February 19, 2014 9:02 am | by The Associated Press | News | Comments

HTC is offering to replace cracked phone screens for six months, saying it wants to address a leading consumer frustration.                                     

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Judge Approves Fisker Asset Sale To Wanxiang

February 18, 2014 3:24 pm | by Randall Chase, AP Business Writer | News | Comments

A U.S. bankruptcy judge on Tuesday approved the sale of the remaining assets of failed electric-vehicle maker Fisker Automotive to Chinese auto-parts conglomerate Wanxiang Group.                     

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