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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

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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Smith & Wesson Paying $2M To Settle Bribery Charges

July 29, 2014 9:40 am | by The Associated Press

Smith & Wesson has agreed to pay $2 million to settle civil charges of bribing government officials in Pakistan, Indonesia and other countries to win military and police business.                   

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Ford Raising F-150 Prices

July 29, 2014 9:29 am | by The Associated Press

Ford is raising the price of its new aluminum-sided pickup truck, but still trying to stay competitive with rivals.                                       

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1 Dead, 3 Hurt In Fish Plant Explosion

July 29, 2014 9:26 am | by The Associated Press

Omega Protein spokesman Ben Landry said it happened about 9:30 a.m. while employees of a subcontractor were working on two storage tanks and one of the tanks blew up.                        

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FAA Proposes $12M Fine For Southwest Airlines

July 29, 2014 9:21 am | by Joan Lowy, Associated Press

The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply with safety regulations related to repairs on Boeing 737 jetliners.             

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China To Put Glaxo Investigators On Trial In August

July 29, 2014 9:18 am | by The Associated Press

A Shanghai court says American and British investigators who worked for drug maker GlaxoSmithKline will stand trial Aug. 8 on charges of illegally obtaining information on Chinese citizens.                 

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U.S. Companies Increasingly Fish For Growth Overseas

July 28, 2014 1:01 pm | by Michael Liedtke, AP Technology Writer

Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.                                       

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RPM Agrees To $797.5M Deal On Asbestos Claims

July 28, 2014 12:55 pm | by The Associated Press

Rust-Oleum's parent company plans to spend nearly $800 million as part of a preliminary deal to fund a trust that resolves asbestos personal injury claims.                           

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Samsung Postpones Launch Of Tizen

July 28, 2014 12:52 pm | by Youkyung Lee, AP Technology Writer

Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company's ambition to create a mobile platform to rival Google's Android or Apple's iOS.           

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