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Sony Hack Adds Security Pressure On Companies

December 19, 2014 | by Joe McDonald, AP Business Writer | Comments

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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Mid Day Report

Daily news and top headlines for IT professionals

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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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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More Toyota In The Motor City

December 18, 2014 10:16 am | by Toyota

Toyota has announced that it is planning another expansion of its Southeast Michigan R&D campuses.                                           

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MAPI Forecast Predicts Manufacturing Production Growth

December 18, 2014 10:12 am | by MAPI Foundation

Job gains and business investment are the two lead drivers keeping manufacturing on a solid growth path, according to the MAPI Foundation's U.S. Industrial Outlook, a quarterly report that analyzes 27 major industries.         

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Survey: Business Trending Up For Manufacturers

December 18, 2014 9:54 am | by ThomasNet

North America’s manufacturing sector is on an upward trajectory. However, a shortage of young talent, compounded by Baby Boomers’ negative perceptions about Millennials, could impact its continued expansion, according to ThomasNet’s latest Industry Market Barometer (IMB) research.

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BlackBerry Launches Classic In Last-Ditch Effort

December 17, 2014 1:53 pm | by Barbara Ortutay & Rob Gillies, Associated Press

BlackBerry is returning to its roots with a new phone that features a traditional keyboard at a time when rival Apple and Android phones — and most smartphone customers — have embraced touch screens.               

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U.S. Consumer Prices Fell 0.3 Percent

December 17, 2014 10:41 am | by Josh Boak, AP Economics Writer

Plunging gasoline costs pulled U.S. consumer prices lower in November, muting inflation across the entire economy.                                       

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Philips To Buy Medical Imaging Maker Volcano

December 17, 2014 10:36 am | by Toby Sterling, Associated Press

Royal Philips NV said Wednesday it has agreed to acquire U.S. medical equipment maker Volcano Corp. for $1.2 billion (around 1 billion euros) in a deal that would beef up its presence in technology which allows doctors to see inside patients' hearts and veins during treatment. 

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Artist's 'Angry Birds' Lawsuit Goes Forward

December 17, 2014 10:22 am | by Gene Johnson, Associated Press

A federal judge refused to dismiss a lawsuit by a Seattle artist who says she was cheated out of millions of dollars when the company that sold her line of plush pet toys called "Angry Birds" reached a deal with the Finnish company that makes the insanely popular video game of the same name.

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American Apparel Fires Founder, Names New CEO

December 17, 2014 10:18 am | by The Associated Press

American Apparel has fired founder Dov Charney and named longtime fashion executive Paula Schneider to be its next CEO.                                     

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