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Mid Day Report

Daily news and top headlines for IT professionals

The Things Americans Are Buying Less Of

August 8, 2014 10:59 am | by CBS News | Videos | Comments

Personal finance journalist Vera Gibbons discusses the decline in sales of common consumer products.                                           

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Smartphones Must Include 'Kill Switch' Under Bill

August 8, 2014 9:17 am | by Fenit Nirappil, Associated Press | News | Comments

Under the bill, smartphones must be sold pre-equipped with a "kill switch" that deactivates them if stolen. Such technology is already widely available to download, but the legislation would make the shut-off function standard unless a customer opts out.

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Poultry Firms: Russia Ban Has Little Impact On U.S.

August 8, 2014 9:11 am | by Justin Juozapavicius, Associated Press | News | Comments

Poultry producers say Russia's decision to ban imported U.S. meat won't lead to a glut of the product because other countries are clamoring for inexpensive meat.                         

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Hyundai Fined $17.35M For Brake Defect

August 8, 2014 9:09 am | by Joan Lowy, Associated Press | News | Comments

Hyundai has agreed to pay a $17.35 million fine for delayed reporting of a brake defect affecting Genesis luxury cars, the National Highway Traffic Safety Administration said.                     

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FDA Says Georgia Plant Waited To Disclose Salmonella

August 8, 2014 9:06 am | by Russ Bynum, Associated Press | News | Comments

Officers at a Georgia peanut plant took five days to disclose that lab tests found salmonella in some of their products, despite repeated questioning from on-site inspectors rushing to find the source of a deadly national outbreak, a federal investigator testified Thursday.

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Phillips Lighting Expanding In Miss.

August 8, 2014 9:03 am | by The Associated Press | News | Comments

A unit of Dutch-based Philips NV, the company announced Thursday that it will invest $2 million to expand its production of LED light fixtures in Tupelo, using LED technology made at Philips' plant in San Jose, California.        

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Toyota: Chinese Regulators Looking At Lexus

August 8, 2014 9:00 am | by Joe McDonald and Yuri Kageyama, AP Business Writers | News | Comments

Toyota Motor Corp. said Friday that Chinese anti-monopoly regulators are looking at its Lexus luxury unit in a spreading investigation of foreign automakers.                           

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Pfizer To Pay $35M To Settle Drug Marketing Case

August 7, 2014 1:17 pm | by The Associated Press | News | Comments

Pfizer will pay $35 million to resolve allegations by 42 states that its subsidiary, Wyeth Pharmaceuticals, illegally marketed an organ transplant drug for unapproved uses.                       

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Spying Revelations Lead To German Encryption Boom

August 7, 2014 1:14 pm | by Martha Mendoza & Frank Jordans, Associated Press | News | Comments

Jon Callas, co-founder of Silent Circle, which sells an encryption app allowing users to talk and text in private, said a series of disclosures from former intelligence contractor Edward Snowden last year have been a boon for business.     

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Company To Shut 2 Manufacturing Plants In New York

August 7, 2014 1:07 pm | by The Associated Press | News | Comments

A fiberglass manufacturer says it will shut down both of its plants in a Mohawk Valley city after more than a half-century in business, putting more than 100 people out of work                     

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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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