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China Opening 8 State Industries For Investment

April 24, 2014 | by Joe McDonald, AP Business Writer | Comments

China's government says it will open 80 projects in eight state-run industries to private and foreign investors as part of efforts to make its slowing economy more productive.                     

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Mid Day Report

Daily news and top headlines for IT professionals

GM 1Q Profit Hit By Recalls

April 24, 2014 9:33 am | by Dee-Ann Durbin and Tom Krisher, AP Auto Writers

General Motors says first-quarter profit fell 86 percent as a series of recalls dragged down its earnings.                                         

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Wyoming Town Evacuated After Gas Explosion

April 24, 2014 9:31 am | by The Associated Press

Residents and emergency crews were waiting for a fire to burn itself out after an explosion at a natural gas processing plant in a small town in southwestern Wyoming.                        

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Tesla Expanding In California

April 24, 2014 9:29 am | by The Associated Press

The company has leased a 430,000-square-foot building in Lathrop, a community on Interstate 5 about 75 miles east of San Francisco. Tesla has not said what it plans to do with the space.                   

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2-Week Truce For Hot Sauce Maker And California City

April 24, 2014 9:27 am | by The Associated Press

A cooling-off period has been called in the fight between the makers of a popular hot sauce and the Southern California city that says its air is too spicy to bear.                         

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Large Scania Shareholder Accepts VW Bid

April 24, 2014 9:24 am | by The Associated Press

Volkswagen has come closer to realizing its ambition to takeover Scania after the fourth largest shareholder in the Swedish truck maker announced it will accept the 6.7 billion-euro ($9.2 billion) bid.              

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Alstom Shares Jump Amid Rumors Of GE Buyout

April 24, 2014 9:22 am | by The Associated Press

Shares in French train and equipment manufacturer Alstom have spiked on reports that General Electric Co. is considering making a bid for the company.                             

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Durable Goods Orders Up 2.6 Pct. In March

April 24, 2014 9:19 am | by Martin Crutsinger, AP Economics Writer

Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four months.         

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Chiquita Wants Court To Toss Terror Payments Case

April 24, 2014 9:14 am | by Curt Anderson, AP Legal Affairs Writer

Produce giant Chiquita Brands International is asking a federal appeals court to toss out lawsuits filed against it in the U.S. by thousands of Colombians whose relatives were killed in a bloody civil war.             

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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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PepsiCo To Bottle Popular Soda For A Limited Time

April 23, 2014 12:14 pm | by The Associated Press

The soda and snack food company says it's planning a national TV ad for the drink, which will be available for a limited time starting May 5.                               

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Google, SunPower Team Up For Solar Energy Program

April 23, 2014 12:03 pm | by The Associated Press

Google Inc. and SunPower Corp. are planning to invest up to $250 million to lease solar panels to homeowners, the companies said on Wednesday.                               

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Survey: China Manufacturing Continues To Shrink

April 23, 2014 12:01 pm | by The Associated Press

Factory activity in China shrank for the fourth straight month in April, though the decline was slightly slower, in a possible sign the slowdown in the world's No. 2 economy is stabilizing.                 

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GM, Lawyers Fighting Over Bankruptcy Protections

April 23, 2014 9:44 am | by Tom Krisher and Dee-Ann Durbin, AP Auto Writers

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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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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