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U.S. Cracks Down On Companies Moving Overseas

September 23, 2014 | by Josh Lederman & Jim Kuhnhenn, Associated Press | Comments

The Obama administration cracked down Monday on certain overseas corporate mergers and acquisitions, aiming to curb American companies from shifting their ownership abroad to shirk paying U.S. taxes.               

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Mid Day Report

Daily news and top headlines for IT professionals

SpaceX Breaks Ground On Launch Site

September 23, 2014 9:27 am | by Christopher Sherman, Associated Press

The commercial rocket launches that could begin as early as 2016 in the southernmost tip of Texas will be a critical step toward one day establishing a human presence on Mars, SpaceX founder and CEO Elon Musk said Monday.         

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Pabst Blue Ribbon To Be Sold To Russian Company

September 23, 2014 9:20 am | by The Associated Press

The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum.                                   

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'Chrysler Should Recall Them All,' Says Safety Advocate

September 23, 2014 9:14 am | by Tom Krisher, AP Auto Writer

Chrysler is recalling almost 189,000 Jeep Grand Cherokees and Dodge Durangos in the U.S. to fix a fuel pump problem that can cause the SUVs to stall.                             

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Texas Celebrates Its First N-Type Solar Manufacturing Factory

September 23, 2014 9:11 am | by The Associated Press

Mission Solar Energy, LLC. celebrated the grand opening of their state-of-the-art solar panel manufacturing facility at Brooks City-Base.                                 

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GM Expert: 21 Deaths Eligible For Compensation

September 22, 2014 1:35 pm | by The Associated Press

Attorney Kenneth Feinberg, who was hired by the company to compensate victims, said Monday in an Internet posting that he received 143 death claims as of Friday, and 21 of those have been deemed eligible for payments.         

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Siemens To Acquire Dresser-Rand For $7.6B

September 22, 2014 12:09 pm | by The Associated Press

Dresser-Rand's board of directors unanimously recommended the offer to shareholders, and Siemens expects to close the deal by summer, according to a statement from the company.                     

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Study Shows Apple's New iPhones Score Big In Durability

September 22, 2014 11:49 am | by Anne D'Innocenzio, AP Retail Writer

Apple's new and bigger iPhone 6 and iPhone 6 Plus are more durable than last year's model and a leading Android phone, a study says.                                 

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Clorox Exits Venezuela Citing Government Restrictions

September 22, 2014 10:08 am | by The Associated Press

Clorox is shutting down all operations in Venezuela, citing restrictions by the government, supply disruptions and economic uncertainty.                                 

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UAW Workers Approve Lear Corp. Contract

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

Workers at a Lear Corp. plant in northwestern Indiana that makes automotive seats approved an agreement Sunday that will end a two-tiered pay system that left some workers earning much less than others.                      

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Workers Accused Of Stealing From Texas Plant

September 22, 2014 9:51 am | by The Associated Press

Police say eight workers at a Caterpillar plant in Texas are accused of stealing more at least $160,000 in parts from the company.                               

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Deliberations To Resume In Ga. Salmonella Trial

September 22, 2014 9:49 am | by The Associated Press

Jurors are scheduled to continue working toward a verdict in the trial of a Georgia peanut plant owner charged in a salmonella outbreak that sickened hundreds five years ago.                   

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San Francisco Orders 175 Light Rail Cars From Siemens

September 22, 2014 9:46 am | by The Associated Press

San Francisco’s Municipal Transportation Agency has awarded Siemens a contract to deliver an initial 175 light rail cars for its Muni transit system at a value of $648 million.                     

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China Fines GlaxoSmithKline For Bribery

September 19, 2014 10:45 am | by Joe McDonald, AP Business Writer

Drug maker GlaxoSmithKline was fined $492 million on Friday for bribing doctors in China in the biggest such penalty ever imposed by a Chinese court.                             

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Nestle Purina Expands Suit Against Blue Buffalo

September 19, 2014 10:39 am | by The Associated Press

St. Louis-based Nestle Purina PetCare Co. is expanding its lawsuit against Blue Buffalo Co. to include additional allegations of false advertising.                             

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Japanese Automakers Face An Odd Adversary: Google

September 19, 2014 10:34 am | by Japan Economic Newswire

Competition is heating up among Japanese and U.S. manufacturers to invent and refine autonomous car technologies that reduce the human driver's role in controlling the vehicle with the steering wheel and the brake.           

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Apple Locks Itself Out Of Devices With Passwords

September 19, 2014 10:31 am | by Michael Liedtke, AP Technology Writer

Apple has tightened its technological security so not even the company can pry into a password-protected iPhone or iPad, a move meant to reassure the millions of people who are increasingly storing vital pieces of their lives on the devices.   

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GM To Introduce High-End Cadillac Next Year

September 19, 2014 10:28 am | by The Associated Press

General Motors will begin building a new, top-end Cadillac sedan late next year at its Detroit-Hamtramck assembly plant.                                     

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Senators Coons, Ayotte Introduce Bipartisan Bill To Boost Manufacturing Training

September 19, 2014 9:32 am | by Office of U.S. Senator Chris Coons

U.S. Senators Chris Coons (D-Del.) and Kelly Ayotte (R-N.H.) introduced bipartisan legislation Thursday to help cities and states build 21st century manufacturing training programs.                   

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Amazon Founder's Firm To Build New Rocket Engines

September 19, 2014 9:30 am | by The Associated Press

Amazon.com founder Jeff Bezos plans to build a rocket engine that would eventually replace the Russian mainstay used in many American unmanned launches.                            

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Thor Industries Plans Expansions For 2 Indiana Factories

September 19, 2014 9:29 am | by The Associated Press

Thor Industries is planning expansion projects at two recreational vehicle factories in northern Indiana.                                         

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