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Mid Day Report

Daily news and top headlines for IT professionals

Survey: CEOs More Confident On Global Economy

January 22, 2014 9:14 am | by John Heilprin and Pan Pylas, Associated Press | News | Comments

With the worst of the global financial crisis behind them, CEOs are ready to move on from the fight for survival their businesses have been in for the past few years, a survey found Tuesday.                  


Halliburton Manager Gets Probation In Gulf Spill

January 22, 2014 9:05 am | by Michael Kunzleman, Associated Press | News | Comments

A former Halliburton manager apologized to his family and friends Tuesday before a federal judge sentenced him to one year of probation for destroying evidence in the aftermath of BP's massive 2010 oil spill in the Gulf of Mexico.     


Texas Instruments Cutting 1,100 Jobs; 4Q Profit Up

January 22, 2014 8:59 am | by The Associated Press | News | Comments

Chipmaker Texas Instruments Inc. said Tuesday that it will cut 1,100 jobs worldwide, about 3 percent of its workforce, to trim costs and will reduce its investments in certain markets.                   


New Approaches To Contract Manufacturing Open New Doors For Manufacturers

January 22, 2014 8:54 am | by David Douthit, Accenture | Articles | Comments

Although many global manufacturers may have a limited view of contract manufacturing, seeing it as a safety valve to handle the pressures of excess demand, some manufacturing leaders are outperforming their peers and making contract manufacturing a core part of their long-term strategy.


Tiny Cars Flunk Crash Test

January 22, 2014 8:32 am | by CNNMoney | Videos | Comments

Eleven of the smallest cars sold in America performed very badly in crash tests conducted by the Insurance Institute for Highway Safety. Only the Chevrolet Spark received a score of "acceptable."                


IMF Raises Outlook For Global And U.S. Economies

January 21, 2014 2:49 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

In an updated outlook, the global lending organization forecasts that the world economy will grow 3.7 percent in 2014 and that the U.S. economy will grow 2.8 percent. The global forecast is 0.1 percentage point higher and the U.S. forecast 0.2 point higher than in the IMF's October forecast.


Peltz Joins Mondelez Board, Backs Off PepsiCo Deal

January 21, 2014 2:46 pm | by Candice Choi, AP Food Industry Writer | News | Comments

Activist investor Nelson Peltz is no longer pushing for a deal between PepsiCo and Mondelez, after Mondelez on Tuesday named him to its board. Mondelez, which makes Oreo and Chips Ahoy cookies, says the appointment expands its board to 12 members and that Peltz will be among its nominees for election at its shareholders meeting.


Brazil Moving On LatAm's 1st Gov't Crash Test Site

January 21, 2014 2:41 pm | by Bradley Brooks, Associated Press | News | Comments

Brazil is launching Latin America's first government-run auto crash test center in what experts say is an important step forward for car safety in a country where inferior production standards mean motorists die at far higher rates than in the U.S. 


Amazon Purchases To Ship BEFORE You Buy?

January 21, 2014 2:36 pm | by CNN | Videos | Comments

Amazon may soon be implementing "anticipatory shipping" where it ships products closer to its customers before purchase.                                     


Third Point Says It Bought Stake In Dow Chemical

January 21, 2014 2:33 pm | by The Associated Press | News | Comments

Hedge fund Third Point LLC said Tuesday that it has acquired a significant stake in Dow Chemical and wants the company to spin off its petrochemicals division. Dow Chemical Co. shares jumped $2.25, or 5.2 percent, to $45.32 in morning trading after rising as high as $46.70 earlier. The stock has been trading around six-year highs.


Black Media Seek Part Of Court-Ordered Tobacco Ads

January 21, 2014 2:27 pm | by Michael Felberbaum, AP Tobacco Writer | News | Comments

The National Newspaper Publishers Association and National Association of Black Owned Broadcasters argued that the ads should be disseminated through their outlets because the black community has been disproportionally targeted by tobacco companies and harmed by smoking.


Bombardier Laying Off 1,700

January 21, 2014 2:23 pm | by The Associated Press | News | Comments

The Montreal-based company told employees Tuesday that the cuts are required due to delays in the launch of new planes and tough market conditions. Bombardier Inc. says it needs to preserve cash.                


Chrysler Becomes Subsidiary Of Fiat

January 21, 2014 2:21 pm | by The Associated Press | News | Comments

The Italian carmaker Fiat says its acquisition of the final Chrysler stake is complete, making the U.S. car company a wholly-owned subsidiary of Fiat.                             


Lean Principles, Impressive Results

January 21, 2014 10:17 am | by Mike Engel, Chief Operations Officer, FLEXcon | Articles | Comments

FLEXcon began its lean manufacturing program in 2003 and has since achieved a 90 percent improvement in on-time deliveries, 20 percent reduction in waste and a 35 percent increase in total productivity. Dollar savings are more than 10 times what was invested to roll the practice out and educate and train 1,000 employees. 


Deluded By Data

January 21, 2014 10:00 am | by Alan Nicol, Executive Member, AlanNicolSolutions | Blogs | Comments

Why do we collect and analyze data? I believe that answering this question is critically important each and every time we step into a data analysis exercise. I say that because if we don’t keep our purpose foremost in mind while we are analyzing data, we stand a good chance of interpreting information that may not be real.


A World Of Cars That Drive Themselves

January 21, 2014 9:47 am | by CBS News | Videos | Comments

Will drivers become obsolete? The self-driving vehicle is picking up speed from the drawing board and will soon be coming to a road near you. Barry Petersen reports on the technologies making autonomous autos a reality and takes us on a road test.


EU Suspends Part Of Free Trade Talks With U.S.

January 21, 2014 9:42 am | by The Associated Press | News | Comments

The European Union says it is suspending a part of the free trade negotiations with the United States to hold a three months-long public consultation amid worries about the deal's proposed rules for investment.           


China Seized 60,000 Piracy Suspects Last Year

January 21, 2014 9:40 am | by The Associated Press | News | Comments

Chinese police seized almost 60,000 suspects involved in intellectual property infringement cases with a total estimated value of 173 billion yuan ($28 billion) in 2013, state media reported Tuesday.               


French Leader To CEOs: Invest More To Get Tax Cut

January 21, 2014 9:29 am | by The Associated Press | News | Comments

French President Francois Hollande is telling top companies that they have to promise to hire more workers and invest more if they want to benefit from a promised cut in payroll taxes.                   


Legislation Proposed In WV To Regulate Chemicals

January 21, 2014 9:25 am | by Jonathan Mattise, Associated Press | News | Comments

West Virginia Gov. Earl Ray Tomblin and U.S. Sen. Joe Manchin on Monday proposed tighter regulations for chemical storage facilities after a spill contaminated the water supply for 300,000 people.               



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