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Fed Weighing Key Issues But May Reveal Little

July 29, 2014 | by Martin Crutsinger, AP Economics Writer | Comments

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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Mid Day Report

Daily news and top headlines for IT professionals

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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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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Tyson Selling Mexico, Brazil Poultry Operations

July 28, 2014 12:47 pm | by The Associated Press

Tyson Foods says it will sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt tied to its acquisition of Hillshire Brands.                         

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China Investigating Microsoft For Antitrust Violations

July 28, 2014 12:43 pm | by Kyodo News International

China's State Administration for Industry and Commerce descended on Microsoft offices in Shanghai, Beijing, Guangzhou and Chengdu, questioning employees about the company's business practices in a move described as a "raid."       

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Cellphone Unlocking To Become Legal Again

July 28, 2014 12:38 pm | by Peter Svensson, AP Technology Writer

Congress passed a bill Friday that makes it legal to "unlock" cellphones so the devices can — at least in some instances — be used on other carriers.                             

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Fertilizer Companies Blame Texas City For Blast

July 28, 2014 9:34 am | by The Associated Press

Two fertilizer companies sued following a deadly Texas explosion are claiming the small town deserves blame for failing to properly train volunteer firefighters and first responders, who made up most of the 15 people killed by the blast.   

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EU Antitrust Body Clears $3B Apple-Beats Deal

July 28, 2014 9:30 am | by The Associated Press

The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.                         

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GM Proposes Expansion For Michigan Crossover Plant

July 28, 2014 9:28 am | by The Associated Press

General Motors Co. is considering a $37 million expansion of a mid-Michigan plant that makes three crossover vehicles.                                     

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Son Of Salmonella Victim Hopes Trial Sends Message

July 28, 2014 9:24 am | by Kate Brumback, Associated Press

Three people accused of scheming to manufacture and ship salmonella-tainted peanuts that killed nine people, sickened more than 700 and prompted one of the largest food recalls in history are set to go to trial this week in south Georgia.   

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Tyson Closing Plants In Iowa, N.Y., N.M.

July 28, 2014 9:22 am | by The Associated Press

Tyson Foods Inc. says it's closing three U.S. plants, employing a total 950 workers, which have struggled financially as the company's product needs have changed.                         

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Nissan Expands Faulty Air Bag Recall

July 28, 2014 9:18 am | by The Associated Press

Nissan is recalling more than 226,000 additional vehicles over a defective air bag that has affected much of the global auto industry.                                 

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Orders For Durable Goods Up In June

July 25, 2014 11:26 am | by The Associated Press

Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.                       

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Layoffs Becoming Rare Across U.S. Job Market

July 25, 2014 11:19 am | by The Associated Press

As the U.S. economy has improved and employers have regained confidence, companies have been steadily shedding fewer workers.                                   

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