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EU Investigating Illegal Apple Tax Benefits

September 30, 2014 | by Juergen Baetz, Associated Press | Comments

Ireland appears to be granting Apple illegal tax rebates that may have to be recouped, the European Union's competition watchdog said Tuesday as it pressed on with an inquiry into the iPhone maker's overseas tax practices.        

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Mid Day Report

Daily news and top headlines for IT professionals

Toyota Recalls Pickups To Fix Rear Springs

September 30, 2014 9:37 am | by The Associated Press

Toyota says it is recalling 690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire.                               

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Bill Gates Ranked Richest American By Forbes

September 30, 2014 9:34 am | by Mae Anderson, Associated Press

Microsoft co-founder Bill Gates topped Forbes' latest list of the 400 richest Americans for the 21st straight year.                                       

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Ford Lowers European Outlook, Shares Drop

September 30, 2014 9:29 am | by The Associated Press

Ford shares tumbled Monday after the automaker said it will fall short of its full-year profit goals.                                           

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China Manufacturing Growth Low In September

September 30, 2014 9:25 am | by The Associated Press

China's manufacturing activity in September held steady at the previous month's low level, indicating the world's second-largest economy faces risks to growth, a survey showed Tuesday.                   

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Johnson & Johnson Buying Alios

September 30, 2014 9:21 am | by The Associated Press

Johnson & Johnson is buying the biopharmaceutical company Alios BioPharma Inc. for about $1.75 billion.                                         

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Schneider Electric To Acquire InStep Software

September 30, 2014 9:17 am | by Schneider Electric

Schneider Electric, the global specialist in energy management, has entered into an agreement to acquire InStep Software, a leading provider of real-time performance management and predictive asset analytics software and solutions.     

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Recipients Of $450M Job-Driven Training Grants Announced

September 29, 2014 1:29 pm | by U.S. Department of Labor

The grants will provide eligible institutions of higher education with funds to partner with employers to expand and improve their ability to deliver education and career training programs that will help job seekers get the skills they need for in-demand jobs in industries like information technology and advanced manufacturing.

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Lenovo Plans Expansion After IBM Acquisition

September 29, 2014 1:19 pm | by Joe McDonald, AP Business Writer

Lenovo Group has received U.S. and European approval to complete its acquisition of IBM Corp.'s low-end server business and plans to use it to grow faster outside its personal computer business, Lenovo's chairman said.         

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Safety Agency Monitoring Toyota Acceleration Problem

September 29, 2014 1:15 pm | by Tom Krisher, AP Auto Writer

A U.S. safety agency is looking into a consumer's petition alleging that older Toyota Corollas can accelerate unexpectedly at low speeds and cause crashes.                           

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Harley Issues Recalls

September 29, 2014 1:11 pm | by The Associated Press

Harley-Davidson is recalling some motorcycles due to clutch and fuel tank issues.                                                 

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U.S. Consumer Spending Up In August

September 29, 2014 10:16 am | by Martin Crutsinger, Associated Press

Americans boosted spending by a healthy amount in August, offering welcome evidence that the economy is on solid footing heading into the final quarter of the year.                         

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Ford Invests In New LED Lighting For Manufacturing Plants

September 29, 2014 10:13 am | by Business Wire

Ford Motor Company is investing in the future as it begins installing LED lighting at manufacturing facilities across the globe. The new lights, valued at more than $25 million, will save energy and money while improving safety and lighting quality.

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Goodyear Aims To Use Rice Husk Byproduct In Tires

September 29, 2014 10:08 am | by Mark Gillispie, Associated Press

One of the world's biggest tire manufacturers is taking another step toward more environmentally friendly production by incorporating a byproduct created by the burning of rice husks into a material used in high-end tires.        

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Foster Farms Recalls Nearly 40K Pounds Of Chicken

September 29, 2014 10:03 am | by The Associated Press

The U.S. Department of Agriculture says Foster Farms is recalling approximately 39,747 pounds of frozen pre-cooked chicken products due to possible contamination with Listeria monocytogenes.                 

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Europe Union OKs Electronics To Remain On During Flights

September 26, 2014 12:59 pm | by David Rising, Associated Press

European skies may soon be alive with the sound of small talk with new safety guidance allowing the use of all portable electronics, including cell phones, at any time during flights.                   

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Chrysler Recalls Vehicles For Ignition Switches

September 26, 2014 11:19 am | by The Associated Press

Chrysler is recalling nearly 350,000 older cars and SUVs to fix defective ignition switches that can cause the vehicles to stall.                                   

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BlackBerry Posts $207M Loss

September 26, 2014 11:16 am | by The Associated Press

BlackBerry posted a loss of $207 million in the second quarter on Friday just days after the embattled company launched a new phone.                                 

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Ford Recalls 850,000 Cars

September 26, 2014 11:11 am | by The Associated Press

Ford is recalling about 850,000 cars and SUVs because of a problem that could stop the air bags from working in a crash.                                     

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Intel Invests $1.5B In China Mobile Venture

September 26, 2014 11:08 am | by The Associated Press

Intel will pay up to $1.5 billion for a 20 percent state in a Chinese venture that will design and make Intel-branded chips for mobile phones and other electronics.                         

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Apple's Response To iPhone Issues Is Key

September 26, 2014 11:05 am | by Brandon Bailey, AP Technology Writer

Apple's response to a high-profile gaffe involving its iPhone software may be more important than the glitch itself.                                       

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