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Saudi Official: Return To $100 Oil Unlikely

March 27, 2015 | by Andy Szal, Digital Reporter | Comments

Saudi Arabia's representative to OPEC predicted crude prices would not soon return to mid-2014 levels because price increases would only draw other producers back into the field.

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Mid Day Report

Daily news and top headlines for IT professionals

Republican Lawmakers Target 'Micro-Unions'

March 27, 2015 10:35 am | by Andy Szal, Digital Reporter

Republican lawmakers fired yet another salvo on federal labor regulators this month with the introduction of a proposal banning so-called "micro-unions."


Facebook Looks To Embrace Internet Of Things

March 27, 2015 10:08 am | by Andy Szal, Digital Reporter

Facebook unveiled a new software developer kit that enables users of its Parse platform to build apps that connect devices – from garage door openers to wristbands – to the cloud.


Poll: Americans Evenly Divided On Fracking

March 27, 2015 9:34 am | by Andy Szal, Digital Reporter

A recent nationwide poll showed Americans are evenly split between support and opposition for hydraulic fracturing in the U.S.


Ford Recalls 213,000 Police Vehicles To Fix Door Springs

March 26, 2015 10:50 am | by The Associated Press

Ford is recalling about 213,000 police vehicles in North America to fix springs that may not keep doors closed in a crash.


U.S. Durable Goods Orders Stumbled In February

March 26, 2015 10:45 am | by Martin Crutsinger, AP Economics Writer

Orders to U.S. factories for long-lasting manufactured goods fell in February, the latest installment of disappointing data this quarter that suggests the economy has hit a soft patch.


Toyota Outlines Growth Architecture After Lull From Recalls

March 26, 2015 10:11 am | by Yuri Kageyama, AP Business Writer

Toyota Motor Corp. is ready to ramp up its growth again, emerging from an intentional soul-searching lull brought on by its massive global recall scandal that began in 2009.


Report: Emissions Requirements, Fuel Cell Vehicles To Drive Increase In Global Hydrogen

March 26, 2015 9:56 am | by Andy Szal, Digital Reporter

A recently released report anticipates demand for cleaner transportation will substantially increase the global hydrogen market in the near future.


UAW Chief Rejects Lower Wage Tier

March 26, 2015 9:42 am | by Andy Szal, Digital Reporter

The president of the United Auto Workers union rejected a new wage tier Wednesday after reports indicated U.S. automakers could float the idea during upcoming contract talks.


Views Mixed On U.S. Oil Storage Crunch

March 26, 2015 9:37 am | by Andy Szal, Digital Reporter

Reports that the nation's largest oil storage facility reached its highest level ever this month drew widely varying reactions among economists and industry observers.


HJ Heinz Buying Kraft And Building A $28 Billion Food Giant

March 25, 2015 10:32 am | by Michelle Chapman, AP Business Writer

H.J. Heinz Co. is buying Kraft Foods, creating one of the largest food and beverage companies in the world with annual revenue of about $28 billion.


GM Recalls Chevy Malibus To Fix Sunroof Control Issue

March 25, 2015 10:26 am | by The Associated Press

General Motors is recalling nearly 92,000 Chevrolet Malibu midsize sedans to fix a problem with the power sunroof controls.


Lexmark Agrees To Buy Software Maker Kofax For $1 Billion

March 25, 2015 10:21 am | by The Associated Press

Printer maker Lexmark International will buy software developer Kofax Ltd. for about $1 billion.


Mercedes Recalls 30,000 Cars To Fix Rear Tail Lamp Problem

March 25, 2015 10:11 am | by The Associated Press

Mercedes-Benz is recalling just over 30,000 CLS-Class cars in the U.S. because the LED tail lamps may not light properly on the sides.


Study: Electric Cars Could Alleviate Urban Heat

March 25, 2015 10:08 am | by Andy Szal, Digital Reporter

A newly released study finds electric cars could help alleviate heat concentrated in large urban areas.


Report: GM, Ford Could Seek Lower Wage Tier From UAW

March 25, 2015 9:58 am | by Andy Szal, Digital Reporter

General Motors and Ford might seek a new, lower wage tier from the United Auto Workers union after a report showed they have the highest labor costs among U.S. automakers.


Boeing Receives Patent For 'Force Field'

March 24, 2015 1:24 pm | by Andy Szal, Digital Reporter

According to the U.S. Patent and Trademark Office, Boeing Co. has invented a system of "shockwave attenuation via electromagnetic arc."


Wilson To Purchase Louisville Slugger

March 24, 2015 11:41 am | by Andy Szal, Digital Reporter

One of the most iconic brands in baseball is changing hands for the first time in its more than 130-year history.


FDA Warns Cosmetics Companies Against Promises That 'Go Too Far'

March 24, 2015 11:36 am | by Andy Szal, Digital Reporter

The U.S. Food and Drug Administration says an increasing number of cosmetics companies are improperly promoting their products as drugs.


China Manufacturing Lowest In Nearly A Year

March 24, 2015 11:32 am | by Kelvin Chan, AP Business Writer

China's manufacturing fell to the lowest level in nearly a year as new orders shrank, according to a report Tuesday that underscored the weakening outlook for the world's second biggest economy.


U.S. Drillers Scrambling To Thwart OPEC Threat

March 24, 2015 11:30 am | by Jonathan Fahey, AP Energy Writer

OPEC and lower global oil prices delivered a one-two punch to the drillers in North Dakota and Texas who brought the U.S. one of the biggest booms in the history of the global oil industry. Now they are fighting back.



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