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A More Vigorous U.S. Economy Is Emerging

July 30, 2014 | by Martin Crutsinger, AP Economics Writer | Comments

After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending.                   

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Mid Day Report

Daily news and top headlines for IT professionals

Report: Customer Experience Gains Prominence Among B2B eCommerce Projects

July 31, 2014 4:57 pm | by IDC Manufacturing Insights

In the new report, IDC Manufacturing Insights looks at the subject of supporting the customer lifecycle in manufacturing value chains with software applications and processes.                     

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Exxon Profit Surges, But Production Slips

July 31, 2014 3:01 pm | by Jonathan Fahey, AP Energy Writer

Exxon Mobil's net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped a disappointing 6 percent.                       

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Study: 35 Percent In U.S. Facing Debt Collectors

July 31, 2014 2:54 pm | by Josh Boak, AP Economics Writer

More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.                       

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Ethical Practices Take Back Seat To Price, Say Purchasers

July 31, 2014 2:51 pm | by Business Wire

Eighty percent of consumers believe it is important for companies and brands to behave ethically, however the most significant factors when shopping are price, value and quality.                     

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NC Weighs Offering Upfront Money For Promised Jobs

July 31, 2014 2:20 pm | by Dave Kolpack, Associated Press

After decades of trying to attract new industries with tax breaks, North Carolina lawmakers are considering whether to just offer selected corporations upfront taxpayer money if they will move to the state.             

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Target Names Pepsi's Cornell As Chairman, CEO

July 31, 2014 2:18 pm | by The Associated Press

Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers.                                    

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Boeing Will Handle Final Assembly Of 787-10 In SC

July 31, 2014 2:15 pm | by The Associated Press

Boeing said final assembly of its 787-10 plane, a planned larger version of its "Dreamliner" aircraft, will take place in South Carolina.                                 

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Panasonic, Tesla To Build Big U.S. Battery Plant

July 31, 2014 2:13 pm | by The Associated Press

The companies announced the deal Thursday, but they did not say where in the U.S. the so-called "gigafactory," or large-scale plant, will be built.                              

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Hyundai Recalls 883K Sonatas

July 30, 2014 1:18 pm | by The Associated Press

Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers.                                           

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Appeals Court Upholds Meat Labels

July 30, 2014 9:42 am | by Mary Clare Jalonick, Associated Press

A federal appeals court on Tuesday upheld new government rules requiring labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered.                  

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Consumer Confidence Jumps In July

July 30, 2014 9:39 am | by Martin Crutsinger, AP Economics Writer

U.S. consumers are more confident about the economy than they have been in nearly seven years.                                             

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Samsung Phone Shipments Falter

July 30, 2014 9:37 am | by Peter Svensson, AP Technology Writer

Samsung Electronics Co., the world's biggest maker of smartphones, saw its sales drop in the second quarter, a research firm said Tuesday.                                

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Corning Donates $1.8M In Parts For Space Telescope

July 30, 2014 9:34 am | by Michael Hill, Associated Press

Corning Inc. has donated $1.8 million in high-tech components for a telescope a private group wants to launch into space.                                     

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Kellogg Plans To Close Georgia Plant

July 30, 2014 9:32 am | by The Associated Press

A food manufacturing company has announced plans to close a plant in western Georgia by the end of next year.                                         

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Small Cars Fare Poorly In Crash Tests

July 30, 2014 9:29 am | by Dee-Ann Durbin, AP Auto Writer

The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests.                                     

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Amazon To Invest $2B To Expand In India

July 30, 2014 9:24 am | by Kay Johnson, AP Business Writer

The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.                                 

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Lawmakers Push For Airline Safety Devices

July 29, 2014 1:25 pm | by The Associated Press

Two U.S. legislators are urging the government to study whether American passenger jets should be equipped with devices protecting them against missiles like the one that brought down a Malaysian airliner over Ukraine.         

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Fed Weighing Key Issues But May Reveal Little

July 29, 2014 1:18 pm | by Martin Crutsinger, AP Economics Writer

The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low, but questions about some of the Fed policies remain.                

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Suzuki Recalling Nearly 26K Cars

July 29, 2014 1:08 pm | by The Associated Press

Suzuki is recalling nearly 26,000 midsize cars in the U.S. because the daytime running light modules can overheat and could cause a fire.                                 

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Ocean Spray Worker Dies In Fall Through Skylight

July 29, 2014 1:05 pm | by The Associated Press

Authorities say a Nevada man is dead after falling through a skylight at the Ocean Spray fruit juice distribution center where he worked.                                 

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