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Brazilian Companies Raise Chiquita Offer

October 23, 2014 | by The Associated Press | Comments

Brazilian companies Cutrale and Safra said they are again raising their bid for banana producer Chiquita, to $681 million — a day before Chiquita shareholders are expected to vote on a combination with Irish fruit importer Fyffes.     

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Mid Day Report

Daily news and top headlines for IT professionals

CSIA Activates New Online Resource For Industry Clients

October 24, 2014 9:25 am | by Control System Integrators Association

A new online search tool established by the Control System Integrators Association (CSIA) will improve the way plant managers, directors of operations and other industry clients find control system integration companies to meet their automation needs.

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Middle Market Tax Burden Rising, Threatening Job Growth

October 24, 2014 9:21 am | by McGladrey LLP

The vast majority of middle market companies have experienced tax hikes since the beginning of 2013 as a result of the “fiscal cliff” tax deal that became law last year and subsequent tax changes, reports McGladrey LLP.         

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U.S. Industrial Vacancy Rate The Lowest In More Than A Decade

October 24, 2014 9:15 am | by Cushman & Wakefield

The U.S. industrial vacancy rate dropped to its lowest level in more than a decade during the third quarter of 2014, according to commercial real estate services firm Cushman & Wakefield.                 

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Industrial Manufacturing M&A Value Skyrockets Past Historic Levels

October 24, 2014 9:07 am | by PwC US

Following a historic second quarter, merger and acquisition (M&A) activity in the industrial manufacturing sector maintained a strong momentum in the third quarter of 2014.                     

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Bourbon Industry Makes Its Mark On Kentucky's Economy

October 23, 2014 9:52 am | by Bruce Schreiner, Associated Press

Kentucky's bourbon industry is making a bigger splash in the state's economy, nearly doubling its workforce in two years and leading a $3 billion distilling sector, a study said Tuesday.                   

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GM Profit Nearly Doubles

October 23, 2014 9:49 am | by Tom Krisher, AP Auto Writer

Big profits from rising SUV and truck sales in North America helped General Motors nearly double its third-quarter net profit and more than offset its struggles in Europe and South America.                 

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Mars Food Expands With $31M Investment

October 23, 2014 9:45 am | by The Associated Press

Mars Food, which makes Uncle Ben's Rice and other products at its Greenville plant, will invest $31 million to modernize operations and expand research at the plant.                         

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Nokia Turnaround Continues

October 23, 2014 9:43 am | by Matti Huuhtanen, Associated Press

Nokia appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros ($950 million), from a loss of 91 million euros a year earlier. Sales grew 13 percent.

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Caterpillar Beats Street Forecasts

October 23, 2014 9:39 am | by The Associated Press

Caterpillar's belt tightening paid off in the third quarter as the manufacturer easily beat Wall Street expectations and raised its outlook for the year.                           

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Weaving The Digital Thread Across Industrial Value Chains

October 23, 2014 9:19 am | by LNS Research

Across manufacturing industries today, pressures on cost, supplier networks complexity, regulatory requirements, and customer demands continue to grow, rendering the operational status quo ineffective.              

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Apple Issues Security Warning For iCloud

October 22, 2014 10:03 am | by Brandon Bailey, AP Technology Writer

Apple has posted a new security warning for users of its iCloud online storage service amid reports of a concerted effort to steal passwords and other data from people who use the popular service in China.             

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Government Ups Air Bag Warning To 7.8M Vehicles

October 22, 2014 10:00 am | by The Associated Press

The U.S. government is adding more than 3 million vehicles to a rare warning about faulty air bags that have the potential to kill or injure drivers or passengers in a crash.                     

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U.S. Consumer Prices Rose In September

October 22, 2014 9:55 am | by Martin Crutsinger, AP Economics Writer

U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. The tiny gain was the latest evidence that inflation remains benign.           

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Jury Rules Against Texas Guardrail Company

October 22, 2014 9:50 am | by The Associated Press

A jury has decided that a Texas company should pay $175 million in a case involving the safety of thousands of guardrails on highways around the country.                           

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Passenger Jets Push Boeing's Profit Up

October 22, 2014 9:45 am | by Scott Mayerowitz, AP Airlines Writer

Robust demand for commercial jets and an increased pace of production helped Boeing earn $1.36 billion in the third quarter, up 18 percent from the same period last year.                       

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Daimler Sells Stake In Tesla

October 22, 2014 9:41 am | by The Associated Press

Daimler AG says it has sold its 4 percent stake in electric car maker Tesla for $780 million.                                             

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FTC Names Privacy Expert As Chief Technologist

October 22, 2014 9:37 am | by Brandon Bailey, AP Technology Writer

The Federal Trade Commission on Tuesday named an outspoken Internet privacy expert, Ashkan Soltani, as its chief technologist in a move that signals the agency's focus on protecting consumers' online privacy.            

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Kimberly-Clark To Cut Up To 1,300 Jobs

October 21, 2014 1:37 pm | by The Associated Press

Kimberly-Clark plans to eliminate up to 1,300 jobs as part of restructuring efforts aimed at reducing costs and making its business more efficient.                             

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Staples Investigating Possible Data Breach

October 21, 2014 1:34 pm | by The Associated Press

Staples is looking into a potential credit card data breach and has been in touch with law enforcement officials about the issue.                                   

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Coke Slashing Costs As Soda Sales Remain Flat

October 21, 2014 1:30 pm | by Candice Choi, AP Food Industry Writer

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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