• U.S. accuses Huawei of stealing trade secrets, assisting Iran

    6 days ago - By Reuters

    U.S. prosecutors on Thursday accused Huawei of stealing trade secrets and helping Iran track protesters in its latest indictment against the Chinese company, escalating the U.S. battle with the world's largest telecommunications equipment maker.
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  • Tempur Sealy, Redfin rise; Nu Skin, MGM Resorts fall

    6 days ago - By Chron

    NEW YORK - Stocks that moved heavily or traded substantially on Thursday:
    Applied Materials Inc., up $2 to $67.37
    The chipmaking equipment company gave investors a surprisingly good profit and revenue forecast, along with solid earnings.
    Nu Skin Enterprises Inc., down $5.82 to $29.97
    The seller of skin care and nutritional products through a direct-selling model warned investors that the the virus outbreak in China will significantly hurts its sales and profits.
    MGM Resorts International, down $1.86 to $31.80
    The casino and resort operator pulled its financial forecasts for 2020 and its...
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  • U.S. accuses Huawei of RICO, trade secret, and sanctions violations

    U.S. accuses Huawei of RICO, trade secret, and sanctions violations

    6 days ago - By Venture Beat

    The U.S. has expanded its federal case against Huawei, alleging the state-backed company is operating as a criminal enterprise, and stealing trade secrets.
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  • U.S. accuses Huawei of stealing trade secrets, dealing with North Korea

    6 days ago - By Reuters

    U.S. prosecutors on Thursday added trade secret theft charges to their bank fraud case against Chinese smartphone maker Huawei Technologies Co, further escalating the U.S. battle with the world's largest telecommunications equipment maker.
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  • US adds racketeering conspiracy charge against Huawei

    US adds racketeering conspiracy charge against Huawei

    6 days ago - By Stl Today

    NEW YORK - The U.S. added a charge of racketeering conspiracy against Huawei Technologies Co., potentially increasing the penalties the Chinese company would face if convicted. Huawei was already facing a series of criminal charges for allegedly violating U.S. sanctions...
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  • US government files racketeering charges against Huawei and its CFO, accusing the Chinese telecom giant of conspiring to steal trade secrets from 6 tech companies

    US government files racketeering charges against Huawei and its CFO, accusing the Chinese telecom giant of conspiring to steal trade secrets from 6 tech companies

    6 days ago - By Business Insider

    The Department of Justice charged Chinese telecom company Huawei with conspiracy to violate the Racketeer Influenced and Corrupt Organizations Act .
    The Trump administration has pursued charges against Huawei for close to a year now, as geopolitical tensions between the US and Huawei's home country China continue to rise.
    The latest indictment includes information alleging Huawei tried to steal trade secrets from six different US technology companies and "made repeated misstatements to U.S. officials, including FBI agents and representatives from the U.S. House Permanent Select Committee...
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  • Wayfair shares tumble most since October as company cuts over 500 jobs in bid to stop losing money

    Wayfair shares tumble most since October as company cuts over 500 jobs in bid to stop losing money

    6 days ago - By Business Insider

    Wayfair shares tumbled the most since October on news that the company will lay off over 500 from its workforce.
    The company's Boston headquarters will shed 350 jobs.
    Trading volumes spiked on the news.
    Visit Business Insider's homepage for more stories .
    Wayfair shares fell the most since October as news broke that the company would cut over 500 jobs from its global workforce.
    Shares tumbled as much as 10.36% Thursday, the biggest intra-day move since October. Wayfair plans to lay off 3% of its global workforce, including 350 employed at its headquarters in Boston. The Boston Globe...
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  • U.S. charges China's Huawei with conspiracy to steal U.S. trade secrets in new indictment

    6 days ago - By Washington Post

    U.S. issues new indictment against Huawei.
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  • The U.S. is charging Huawei with racketeering

    6 days ago - By Tech Crunch

    Ratcheting up its pressure campaign against Huawei and its affiliates, the Department of Justice and the FBI announced today that it has brought 16 charges against Huawei in a sprawling case with major geopolitical implications.
    Huawei is being charged with conspiracy to violate the Racketeer Influenced and Corrupt Organizations Act statute. The DoJ alleges that Huawei and a number of its affiliates used confidential agreements with American companies to access those companies' intellectual property, only to then misappropriate that property and use it to fund Huawei's business. In...
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  • Alert: Justice Department adds new charges against Chinese tech giant Huawei, accusing company in plot to steal trade secrets

    6 days ago - By Chron

    WASHINGTON - Justice Department adds new charges against Chinese tech giant Huawei, accusing company in plot to steal trade secrets.
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