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California Puzzles Over Safety Of Driverless Cars

December 22, 2014 | by Justin Pritchard, Associated Press | Comments

California's Department of Motor Vehicles will miss a year-end deadline to adopt new rules for cars of the future because regulators first have to figure out how they'll know whether "driverless" vehicles are safe.           

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Mid Day Report

Daily news and top headlines for IT professionals

U.S. Companies Eager To Embrace Cuba Face Hurdles

December 22, 2014 10:31 am | by Paul Wiseman, AP Economics Writer

American businesses have begun imagining ways to capitalize on last week's announcement that the United States will restore diplomatic ties with Cuba and ease curbs on trade with one of the last surviving Communist regimes.       

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Expert: Not Enough Being Done To Prevent Attack On Critical Infrastructure

December 22, 2014 10:08 am | by International Society of Automation

Inadequate training and a culture of complacency among many owners and operators of critical infrastructure are significantly raising the risks of highly damaging cyberattack throughout the world.               

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T-Mobile Paying At Least $90M For Unwanted Services

December 22, 2014 10:01 am | by Marcy Gordon, AP Business Writer

T-Mobile US will pay at least $90 million, mostly in refunds, for billing customers for cellphone text services they didn't order, under a settlement with federal regulators.                     

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Kocherlakota Warns Fed Of 'Unacceptable' Risk

December 22, 2014 9:57 am | by Martin Crutsinger, AP Economics Writer

One of three Fed officials who dissented in the Fed's policy decision this week is warning that the central bank is taking an "unacceptable" risk by not paying more attention to the dangers posed by low inflation.           

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Hopes, Fears, Doubts Surround Cuba's Oil Future

December 22, 2014 9:55 am | by Jennifer Kay & Jonathan Fahey, Associated Press

One of the most prolific oil and gas basins on the planet sits just off Cuba's northwest coast, and the thaw in relations with the United States is giving rise to hopes that Cuba can now get in on the action.            

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Sony Hack Adds Security Pressure On Companies

December 19, 2014 10:01 am | by Joe McDonald, AP Business Writer

Faced with rising cybercrime like the attack on Sony Pictures Entertainment, companies worldwide are under pressure to tighten security but are hampered by cost and, for some, reluctance to believe they are in danger.         

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Unilever Drops Suit Over 'Just Mayo'

December 19, 2014 9:56 am | by SARAH Skidmore Sell & Tali Arbel, AP Business Writers

Unilever filed suit against Hampton Creek earlier this year claiming the name of the small California company's product amounted to false advertising.                             

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Blackberry Posts 3Q Adjusted Profit, Revenue Down

December 19, 2014 9:53 am | by The Associated Press

Blackberry reported an adjusted profit for its fiscal third quarter, surprising Wall Street. But its revenue fell, missing analysts' estimates.                               

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Oil-Price Drop Rattles Smaller Operators In Kansas

December 19, 2014 9:50 am | by Roxana Hegeman, Associated Press

When crude prices were high, Kansas oilman Robert Murdock made plans to drill 20 new wells next year. Not anymore.                                       

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Thai Seafood Company To Buy Bumble Bee

December 19, 2014 9:47 am | by The Associated Press

Thai Union Frozen Products announced Friday it is acquiring Bumble Bee Seafoods, a major seller of canned tuna in the United States, for $1.5 billion.                             

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Chrysler To Recall About 257K Ram Pickup Trucks

December 19, 2014 9:43 am | by The Associated Press

Chrysler is recalling nearly 257,000 older Ram pickup trucks because the rear axle can seize or the drive shaft can fall off.                                   

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U.S. Agriculture Has Big Appetite For Cuba Trade

December 19, 2014 9:41 am | by Steve Karnowski, Associated Press

U.S. agriculture has a big appetite for freer trade with Cuba. From wheat to rice to beans, the industry stands to be one of the biggest beneficiaries of President Barack Obama's plan to ease economic and travel restrictions imposed against the communist-ruled island.

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Congress Passes Bill To Confront Rising Risks Of Cyberattack

December 19, 2014 9:19 am | by Automation Federation

The United States Congress earlier this week took an important step forward to better protect America from the increasing risks of industrial cyberattack when it approved The Cybersecurity Enhancement Act of 2014.           

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Merck Buys Swiss Biotech With Promising Cancer Drug

December 18, 2014 1:09 pm | by The Associated Press

Drugmaker Merck says it's bought a Swiss biotech company developing cancer drugs as part of its strategy to be a top player in cancer, one of the hottest pharmaceutical research areas.                   

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Manufacturing Growth Slows In Philadelphia Region

December 18, 2014 12:52 pm | by Christopher S. Rugaber, AP Economics Writer

Manufacturing in the Philadelphia region grew at a much slower pace in December compared with the previous month. But the drop came after factory activity reached its highest level in 21 years in November.             

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Kraft Foods CEO To Retire, Cahill Named Successor

December 18, 2014 11:59 am | by The Associated Press

Kraft Foods Group Inc. says that CEO Tony Vernon plans to retire later this month. The company named Chairman John Cahill as his successor.                               

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New York Move To Ban Fracking Heartens Critics

December 18, 2014 10:32 am | by Mary Esch, Associated Press

New York plans to prohibit hydraulic fracturing, or fracking, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique and delighting opponents who previously managed to win only local bans.   

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Avon Products Settles Bribery Charges

December 18, 2014 10:27 am | by Larry Neumeister, Associated Press

The world's largest direct seller of cosmetics, Avon Products Inc., will pay $135 million to settle criminal and civil charges after its China unit pleaded guilty Wednesday to conspiring to violate the Foreign Corrupt Practices Act by bribing officials there.

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U.S.-Cuba Thaw Could Benefit Farmers, Energy Firms

December 18, 2014 10:24 am | by Paul Wiseman, AP Economics Reporter

The United States' commercial ties with Cuba were broken 54 years ago after Fidel Castro took over. Now U.S.-Cuba trade is poised to resume: President Barack Obama on Wednesday announced plans to re-establish diplomat relations with Havana, and economic ties are expected to follow.

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Ford Expands Drivers Air Bag Recall Nationwide

December 18, 2014 10:20 am | by The Associated Press

Ford says it's expanding a recall for faulty driver's side air bag inflators to the entire U.S. as demanded by the government.                                   

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