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GM, Lawyers Fighting Over Bankruptcy Protections

April 23, 2014 | by Tom Krisher and Dee-Ann Durbin, AP Auto Writers | Comments

General Motors Co. and a battalion of trial lawyers are preparing for an epic court fight over whether GM is liable for the sins of its corporate past.                             

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Mid Day Report

Daily news and top headlines for IT professionals

Textron To Eliminate Some Cessna, Beechcraft Jobs

April 23, 2014 12:18 pm | by The Associated Press

Just over a month after buying Beechcraft for $1.4 billion, Textron announced 750 job cuts at that company and at its Cessna division.                                 

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Motorola Mobility Opens Chicago Headquarters

April 23, 2014 9:40 am | by The Associated Press

Smartphone maker Motorola Mobility has moved its headquarters and 2,000 employees to Chicago's Merchandise Mart.                                       

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Feds Investigating Chevy Impala Brakes

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

Federal regulators are investigating the 2014 Chevrolet Impala after a driver reported that the emergency braking system activated multiple times without warning.                         

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Faster Production Brings Boeing $965M Profit

April 23, 2014 9:34 am | by Scott Mayerowitz, AP Airlines Writer

In the first three months of this year, 161 new airplanes rolled off the company's assembly lines — more jets than the same period last year.                               

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EPA Scales Back Biofuel Mandate

April 23, 2014 9:24 am | by Dina Cappiello, Associated Press

The Obama administration is significantly reducing the amount of cellulosic biofuels refiners will have to prove they blended into gasoline last year, acknowledging that the market lagged far behind government projections.        

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Toyota Sells 2.58M Vehicles, Keeps Top Spot

April 23, 2014 9:20 am | by Yuri Kageyama, AP Business Writer

Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.                               

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High Court Hears Arguments In Streaming TV Case

April 22, 2014 1:44 pm | by Mark Sherman, Associated Press

Supreme Court justices debated Tuesday whether they can side with broadcasters in a copyright challenge to an Internet startup company without threatening the burgeoning world of cloud computing.               

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GM Restructures Engineering Department

April 22, 2014 1:37 pm | by The Associated Press

General Motors is adding 35 product safety investigators as part of a larger restructuring in response to a series of safety recalls.                                 

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Tesla Plans Expansion In China

April 22, 2014 1:34 pm | by Joe McDonald, AP Business Writer

Tesla Motors Inc. delivered its first eight electric sedans to customers in China on Tuesday and CEO Elon Musk said the company will build a nationwide network of charging stations and service centers as fast as it can.         

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U.S. Investigating Mexican Sugar Exports, Price

April 22, 2014 1:32 pm | by Janet McConnaughey, Associated Press

The U.S. Commerce Department is investigating allegations that Mexico is exporting far more sugar than it has in the past and selling it in the U.S. at below fair market price.                     

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No End In Sight For China Shoe Factory Strike

April 22, 2014 9:38 am | by Didi Tang and Kelvin K. Chan, Associated Press

Workers on strike at a Chinese factory owned by the world's largest maker of athletic shoes have rejected management's latest offer in an ongoing labor dispute that is crimping production for brands such as Nike and Adidas.       

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GM Wants More Protection From Lawsuits

April 22, 2014 9:35 am | by The Associated Press

General Motors Co. has filed suit in a U.S. bankruptcy court asking a judge to protect the company from legal claims for actions that took place before it emerged from bankruptcy in 2009.                  

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U.S. Rules Against Turkey, Mexico In Steel Dispute

April 22, 2014 9:30 am | by Hope Yen, Associated Press

President Barack Obama's administration on Monday sided with American steel producers in a politically charged international trade dispute, ruling that imported steel reinforcing bar from Mexico and Turkey unfairly undercuts U.S. prices.   

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Man Convicted For Fatal N.H. Explosion On Trial

April 22, 2014 9:27 am | by Patrick Whittle, Associated Press

A Vermont man convicted for the 2010 explosion that killed two workers at a New Hampshire gunpowder plant is on trial for wire fraud, but defense attorneys say he was trying to create jobs, not defraud the government.         

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No New Safety Laws A Year After Texas Plant Blast

April 22, 2014 9:23 am | by Nomaan Merchant, Associated Press

Despite investigations that have yielded new information about safety deficiencies at the plant in West and voluntary safety steps taken by the fertilizer industry, there hasn't been a single state or federal law passed since the explosion requiring change.

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Apple Going Green With Free Recycling, Renewable Energy

April 22, 2014 9:19 am | by The Associated Press

Apple is offering free recycling of all its used products and vowing to power all of its stores, offices and data centers with renewable energy to reduce the pollution caused by its devices and online services.           

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High Court Considers Juice Label Dispute

April 21, 2014 1:32 pm | by Sam Hananel, Associated Press

The Supreme Court seems likely to rule that juice maker Pom Wonderful can bring false advertising claims against the Coca-Cola Co. over a competing juice product.                         

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AT&T Considers Super-Fast Internet Expansion

April 21, 2014 1:22 pm | by The Associated Press

AT&T says it will expand super-fast Internet services to as many as 100 additional cities in 25 metropolitan areas.                                     

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Gauge Of U.S. Economy Up

April 21, 2014 1:17 pm | by The Associated Press

A measure of the U.S. economy's health rose in March for the third consecutive month, a sign of stronger growth after harsh winter weather caused the economy's pace to slow.                      

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Kraft Recalls 96K Pounds Of Oscar Mayer Wieners

April 21, 2014 1:15 pm | by The Associated Press

Kraft Foods is recalling 96,000 pounds of its Oscar Mayer wieners because they may mistakenly contain cheese.                                         

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