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U.S. Consumer Prices Fell In August

September 17, 2014 | by Martin Crutsinger, AP Economics Writer | Comments

U.S. consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell. It was the latest evidence that inflation remains under control.          

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Mid Day Report

Daily news and top headlines for IT professionals

Sony Forecasts Huge Loss As Smartphones Lag

September 17, 2014 10:07 am | by Elaine Kurtenbach, AP Business Writer

Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.                 

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HJ Heinz To Make Baby Food In Pittsburgh

September 17, 2014 10:03 am | by The Associated Press

The H.J. Heinz Co. will resume food production in Pittsburgh for the first time since 2002, when the ketchup giant sold its production plant to Del Monte Foods.                         

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AZ Plant Surveyed After Explosion

September 17, 2014 9:59 am | by The Associated Press

A crew from Nestlé Purina is assessing damage from a grain-dust explosion that injured four contract workers at the company's plant in Flagstaff, Arizona.                           

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GM To Add 750 Workers To Build Small Pickup Trucks

September 17, 2014 9:56 am | by Tom Krisher

Early demand is so high for General Motors' new small pickup trucks that the company is hiring more workers to build them even before one is sold to the public.                         

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Mars Chocolate Site Achieves Prestigious LEED Gold Certification

September 17, 2014 9:51 am | by The Associated Press

Mars Chocolate North America has announced that its new manufacturing facility in Topeka, Kan., has earned LEED Gold certification from the U.S. Green Building Council.                       

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Self-Driving Cars Now Require A Permit In California

September 16, 2014 1:21 pm | by Justin Pritchard, Associated Press

The California Department of Motor Vehicles has issued testing permits that allowed three companies to dispatch 29 vehicles onto freeways and into neighborhoods — with a human behind the wheel in case the onboard computers make a bad decision.

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U.S. CEOs Less Optimistic About Spending, Hiring

September 16, 2014 1:15 pm | by Christopher S. Rugaber, AP Economics Writer

Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter.                            

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Court Rules In Favor Of Direct Sales For Tesla Motors

September 16, 2014 9:56 am | by The Associated Press

The highest court in Massachusetts has thrown out a lawsuit aimed at blocking Tesla Motors from selling its electric cars directly to consumers.                               

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U.S. Producer Prices Unchanged In August

September 16, 2014 9:52 am | by Christopher Rugaber, AP Economics Writer

A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check.                               

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Allergan Agrees To Move Forward With Meeting

September 16, 2014 9:46 am | by The Associated Press

Allergan and Pershing Square have agreed on at least one step toward settling a fight over the makeup of the Botox-maker's board.                                   

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Eurozone Economic Growth Forecast Cut

September 16, 2014 9:43 am | by The Associated Press

A major international organization has cut its growth forecast for the countries that use the euro and says the troubled currency union needs even more stimulus from the central bank and governments.               

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Stratasys To Acquire GrabCAD

September 16, 2014 9:39 am | by Business Wire

Stratasys Ltd., a leading global provider of 3D printing and additive manufacturing solutions, has announced that it has entered into a definitive agreement to acquire privately-held GrabCAD, Inc. in an all-cash transaction.       

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Hundreds Of Workers On Strike At Lear Plant

September 16, 2014 9:32 am | by Charles D. Wilson, Associated Press

Hundreds of workers protesting what some are calling "fast-food-like" wages walked off the job Saturday at a Lear Corp. plant in northwest Indiana that makes automotive seats, beginning a strike that could affect a major Ford assembly plant in Chicago.

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Survey: Decisive New Technology Adoption Leads To Competitive Advantage

September 16, 2014 9:22 am | by Clare Ward

According to a Verizon sponsored Harvard Business Review analytic services survey, 57 percent of respondents believe IT drives business growth and innovation.                           

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GM Expert Says 19 Deaths Eligible For Compensation

September 15, 2014 1:27 pm | by Tom Krisher, AP Auto Writer

The death toll tied to faulty ignition switches in General Motors small cars has risen to 19, according to a compensation expert hired by the company. The number is likely to go higher.                   

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U.S. Factory Output Drops In August

September 15, 2014 1:21 pm | by Martin Crutsinger, AP Economics Writer

U.S. manufacturing output declined in August for the first time in seven months, reflecting a sharp fall in production at auto plants that was due mainly to seasonal adjustment problems.                   

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Safety Agency Investigates Ford Fiestas

September 15, 2014 1:16 pm | by The Associated Press

The probe announced Monday covers about 205,000 Fiestas from the 2011 through 2013 model years.                                             

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ZF Buying TRW Automotive For About $11.74B

September 15, 2014 1:14 pm | by The Associated Press

The deal will create an automotive supplier business with combined sales of approximately $41 billion and 138,000 employees.                                    

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Heineken Rejects Takeover Bid

September 15, 2014 10:09 am | by The Associated Press

Family-controlled brewer Heineken says it has rejected a takeover bid by rival SABMiller.                                              

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Samsung Accuses LG Execs Of Vandalizing Its Products

September 15, 2014 10:04 am | by The Associated Press

Samsung Electronics Co. has accused senior executives from rival LG Electronics Inc. of vandalizing its washing machines at stores in Germany earlier this month and has asked for an official investigation.             

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