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Court Tosses Chiquita Terror Payment Claims

July 25, 2014 | by The Associated Press | Comments

A divided federal appeals court on Thursday threw out claims against produce giant Chiquita Brands International made by relatives of thousands of Colombians killed during years of bloody civil war.               

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Mid Day Report

Daily news and top headlines for IT professionals

FDA Reviewing What Might Become First Biosimilar Drug

July 25, 2014 9:51 am | by The Associated Press

The Food and Drug Administration is reviewing research data on what could become the first U.S.-approved "biosimilar" drug, a cheaper, sort-of generic version of a biologic drug.                     

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NHTSA Probes Hyundai Sonata Air Bag Problem

July 25, 2014 9:48 am | by The Associated Press

U.S. safety regulators are investigating whether an electrical problem can knock out the air bags on some older Hyundai Sonatas.                                   

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Ga. Investigated Complaint Against MFG Chemical Plant

July 25, 2014 9:45 am | by The Associated Press

Environmental regulators investigated an anonymous report alleging MFG Chemical Inc. in Dalton was illegally discarding waste five months before an accident injured a worker, government records show.               

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Bombardier To Cut 1,800 Jobs

July 25, 2014 9:43 am | by The Associated Press

Airplane maker Bombardier Inc. is cutting 1,800 jobs across facilities worldwide as it restructures operations.                                       

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GM Issues 6 More Recalls

July 24, 2014 1:24 pm | by The Associated Press

General Motors issued six more recalls on Wednesday, bringing its annual total to 60 recalls covering almost 30 million vehicles.                                   

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Ford 2Q Net Income Rises To $1.3B

July 24, 2014 1:16 pm | by Dee-Ann Durbin, AP Auto Writer

Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.                     

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Reid: Taxpayers Shouldn't Bankroll Companies That Outsource Jobs

July 24, 2014 9:46 am | by The Associated Press

The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain.                           

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Nokia Profits Rise After Handset Division Sale

July 24, 2014 9:43 am | by Jari Tanner, Associated Press

Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset division.      

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Texas Firm Recalls Compounded Drugs

July 24, 2014 9:39 am | by The Associated Press

The Food and Drug Administration warned doctors Wednesday not to use compounded drugs from a Texas specialty pharmacy due to potential risks of contamination.                           

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Report: Female Business Owners Face Gender Gap

July 24, 2014 9:36 am | by Joyce M. Rosenberg, AP Business Writer

Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday.                       

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GM 2Q Profit Falls 85 Percent

July 24, 2014 9:33 am | by The Associated Press

General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.                                       

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Texas Governor's Startup Fund Not All It Seems

July 24, 2014 9:31 am | by Paul J. Weber, Associated Press

Texas Gov. Rick Perry has distributed $205 million in taxpayer money to scores of technology startups using a pet program designed to bring high-paying jobs and innovation to the state. But a closer look at the Texas Emerging Technology Fund reveals that some of the businesses that received money are not all they seem.

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Safety Rules Proposed To Curb Oil Train Fires

July 23, 2014 1:32 pm | by The Associated Press

Thousands of older rail tank cars that carry crude oil would be phased out within two years under regulations proposed Wednesday in response to a series of fiery train crashes over the past year.               

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China Detains Meat Seller's Employees

July 23, 2014 1:28 pm | by Joe McDonald, AP Business Writer

Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.    

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Microsoft CEO Sees 'Bold' Plan Moving Into Q4

July 23, 2014 1:26 pm | by The Associated Press

Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units would become profitable in 2016.     

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New Lightweight Metals Institute Headquarters Location Announced

July 23, 2014 1:15 pm | by University of Michigan

The new $148 million lightweight metals manufacturing institute announced in February by President Obama will locate in the Corktown neighborhood of Detroit, officials from the American Lightweight Materials Manufacturing Innovation Institute announced.

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Chrysler Recalls Over 792K Jeeps For Ignition Switch Defect

July 23, 2014 9:37 am | by The Associated Press

The ignition switch defects that engulfed General Motors are now a rapidly growing problem at Chrysler.                                          

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Ford: New F-150 Can Compete With Rivals

July 23, 2014 9:35 am | by The Associated Press

Ford says its aluminum-sided F-150 pickup will hold its own against rivals despite its lighter weight.                                           

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Investigators: Overloaded Bins Caused Collapse

July 23, 2014 9:30 am | by Josh Funk, Associated Press

Overloaded storage bins on the roof of an Omaha livestock feed manufacturer's plant caused the building collapse that killed two people in January, federal investigators said Monday.                   

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Saltwater Spill Cleanup Could Take Years

July 23, 2014 9:28 am | by The Associated Press

The site where an underground pipeline leaked 1 million gallons of saltwater into the North Dakota badlands earlier this month could take years to clean up, an official of Native American tribes involved in the cleanup said Monday.     

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