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Coke Slashing Costs As Soda Sales Remain Flat

October 21, 2014 | by Candice Choi, AP Food Industry Writer | Comments

Coca-Cola said it plans to slash costs by $3 billion a year after the world's biggest beverage maker reported disappointing sales on flat soda volume.                             

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Mid Day Report

Daily news and top headlines for IT professionals

WTO Rejects U.S. Country-Of-Origin Meat Labels

October 21, 2014 9:43 am | by The Associated Press

The WTO said the requirements put Canadian and Mexican livestock at an unfair disadvantage.                                             

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Frito-Lay Announces Do Us A Flavor Winner

October 21, 2014 9:34 am | by Candice Choi, AP Food Industry Writer

In the U.S., bags of the four finalist flavors hit shelves in late July and people were able to vote on Facebook and Twitter for their favorites through this past weekend. It was the second year for the U.S. contest, which is designed to send customers to stores in search of the flavors.

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iRobot Receives $7.6M Order From U.S. Navy

October 21, 2014 9:29 am | by The Associated Press

iRobot Corp., the leader in delivering robotic technology-based solutions, has received a $7.6 million order from the Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division.            

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Toyota Adds 247K Vehicles to Air Bag Recall Tally

October 21, 2014 9:26 am | by The Associated Press

Toyota is recalling 247,000 vehicles in high-humidity areas as an air bag problem that has plagued most of the auto industry continues to widen.                               

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GM Ignition Switch Death Count Rises

October 20, 2014 1:14 pm | by The Associated Press

Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the totals Monday.                                            

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Fire Exposes Illegal Chinese Factories Problem In Italy

October 20, 2014 1:09 pm | by Erika Kinetz, Associated Press

Authorities have raided over 1,900 Chinese factories in the past 6 1/2 years, closing 909 for safety and labor violations. Sanctioned factories rarely bother to fix those problems, preferring to reopen under a new name.         

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Lorillard CEO To Get Millions After Reynolds Merger

October 20, 2014 1:00 pm | by Michael Felberbaum, AP Tobacco Writer

Regulatory filings show the CEO of Newport cigarette maker Lorillard Inc. is set to receive more than $44 million following the planned $25 billion merger with Reynolds American Inc.                   

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U.S. Agency Warns Car Owners About Air Bags

October 20, 2014 12:55 pm | by The Associated Press

U.S. safety regulators are warning owners of more than 4.7 million vehicles that have been recalled for air bag problems to get them repaired immediately.                           

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IBM To Shed Its Costly Chip Division

October 20, 2014 9:44 am | by Michelle Chapman, AP Business Writer

IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division.                                               

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Microsoft CEO Launches Diversity Training Effort

October 20, 2014 9:39 am | by Brandon Bailey, AP Technology Writer

Still working to repair damage caused by his gaffe about women seeking pay raises, Microsoft CEO Satya Nadella has again apologized to employees and announced in a company-wide memo that all workers will receive expanded training on how to foster an inclusive culture.

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Electrolux Buoyed By U.S. Growth

October 20, 2014 9:33 am | by The Associated Press

Growth in the U.S. and efficiency gains in Europe helped Swedish home-appliance maker Electrolux post a 42 percent jump in third-quarter profits.                              

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Canadian Pacific Ends CSX Deal Talks

October 20, 2014 9:29 am | by The Associated Press

Canadian Pacific Railway says it has ended talks with U.S. counterpart CSX about a possible combination and plans no more discussions.                                 

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Hershey Wins Trademark Lawsuit Against Pot Company

October 17, 2014 11:06 am | by The Associated Press

A Colorado marijuana company must recall or destroy its pot-infused edibles that resemble iconic Hershey treats as part of a settlement agreement with the chocolate company.                      

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Will Apple Pay Be The Next iRevolution?

October 17, 2014 9:38 am | by Brandon Bailey, AP Technology Writer

Apple's skinnier iPads and flashy big-screen iMac are sleek and stunning. But the tech giant is making a bigger strategic bet with next week's launch of Apple Pay — the mobile pay service aimed at turning your iPhone into your wallet.     

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AMD Cutting Global Workforce

October 17, 2014 9:32 am | by The Associated Press

AMD says it will cut 7 percent of its global workforce in an effort to improve its profitability.                                           

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U.S. Economy Strong Despite Global Slowdown Fear

October 17, 2014 9:17 am | by Paul Wiseman, AP Economics Writer

Economists say the troubles around the world aren't enough to derail a U.S. economy that's gaining strength from a stronger job market, falling fuel prices, lower mortgage rates and improvements in household finances and confidence.     

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iPhone Glass Maker Cutting Jobs In Arizona

October 17, 2014 9:12 am | by The Associated Press

A manufacturer of sapphire glass that Apple Inc. uses in iPhones plans to eliminate 727 jobs at an Arizona plant.                                       

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U.S. Factory Output Rises In September

October 16, 2014 1:06 pm | by Josh Boak, Associated Press

U.S. manufacturing output rose in September, led by gains for aerospace products, furniture, clothing and plastics.                                       

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After A Solid Run Of Advances, Manufacturing Takes A Slight Step Back

October 16, 2014 12:53 pm | by MAPI Foundation

A nearly two-year upward trend experienced a hiccup according to the quarterly MAPI Foundation Business Outlook.                                      

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Senators Question Regional Car Recalls

October 16, 2014 10:09 am | by The Associated Press

Two U.S. senators are questioning why the nation's auto safety regulators are letting car companies recall vehicles only in limited regions when a safety problem could happen anywhere.                   

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