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Ellison Steps Aside As Oracle CEO

September 19, 2014 | by Michael Liedtke, AP Technology Writer | Comments

Oracle co-founder Larry Ellison is stepping aside as CEO after 37 years at the helm of the business software maker, ending a colorful reign marked by his flamboyant behavior and outlandish wealth amassed while building one of the world's best-known technology companies.

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Mid Day Report

Daily news and top headlines for IT professionals

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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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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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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Bankruptcy Judge Approves WV Spill Settlement

September 18, 2014 1:25 pm | by Jonathan Mattise, Associated Press

A federal bankruptcy judge in West Virginia has approved a $2.9 million settlement to benefit 300,000 people whose water was contaminated in a January chemical spill.                     

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Bayer To Split Off Polymer Division

September 18, 2014 1:16 pm | by The Associated Press

German pharmaceuticals and chemicals company Bayer AG said Thursday it plans to spin off its polymer division with a separate stock listing.                               

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Over Half Of U.S. Companies Project Increased Energy Efficiency In 2015

September 18, 2014 1:12 pm | by Schneider Electric

Three quarters of decision-makers at U.S. companies have invested in energy efficiency programs in the past 12 months, and more than half (56 percent) project their investment in energy efficiency next year will be more than last year, according to survey results.

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Applications For U.S. Jobless Benefits Fall Sharply

September 18, 2014 9:46 am | by Josh Boak, AP Economics Writer

The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening.                     

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5 Things Small Businesses Need To Know This Fall

September 18, 2014 9:42 am | by Joyce M. Rosenberg, AP Business Writer

What do small business owners need to pay attention to this fall? Heathcare, internet security, and new technology make the list. Here are five things that small businesses need to be on top of over the next several months.       

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Aircraft Interior Manufacturer Announces New Facility

September 18, 2014 9:34 am | by The Associated Press

A French aircraft cabin interior manufacturer said Wednesday that it is spending $2.5 million to open a new facility in Arkansas that will initially employ 75 people.                        

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New York Awards $55M In Manufacturing Grants

September 18, 2014 9:31 am | by The Associated Press

New York state is investing $55 million in five projects around the state that aim to boost economic development through education and research.                               

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U.S. Consumer Prices Fell In August

September 17, 2014 1:17 pm | by Martin Crutsinger, AP Economics Writer

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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Shoe Manufacturer CEO, Cash Vanish

September 17, 2014 1:12 pm | by The Associated Press

Germany-listed Ultrasonic AG said in a statement Tuesday it has been unable to reach its chief executive, Qingyong Wu, and chief operating officer, Minghong Wu, since the weekend.                     

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OSHA's Top 10 Violations For 2014 Announced

September 17, 2014 1:08 pm | by National Safety Council

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has announced the preliminary Top 10 most frequently cited workplace safety violations for fiscal year 2014.                 

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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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