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Also according to the indictment, in July 2007, the FBI interviewed Huawei founder Ren Zhengfei and U.S. authorities said he falsely told them Huawei did not violate U.S. export laws. The indictment concerning trade secret theft alleged that Huawei had a formal policy instituting a bonus program to reward employees who stole confidential information from competitors. FBI Director Christopher Wray said the Huawei cases, filed in New York and Washington state, “expose Huawei’s brazen and persistent actions to exploit American companies and financial institutions, and to threaten the free and fair global marketplace.”.
BEIJING (Reuters) - The U.S, government’s indictments against Huawei Technologies Co Ltd are unfair and immoral, a spokesman for China’s industry and information technology ministry said on Tuesday, The U.S, burberry cufflinks amazon Justice Department charged Huawei and its chief financial officer, Meng Wanzhou, on Monday with conspiring to violate U.S, sanctions on Iran by doing business with Tehran through a subsidiary it tried to hide, Separately, it said Huawei also stole robotic technology from carrier T-Mobile US Inc..
(Reuters) - Shares of General Electric Co fell 3 percent on Tuesday after a top-rated JP Morgan analyst raised concerns about the company’s divestiture plans and its impact on free cash flow. Analyst Stephen Tusa, who has held a negative outlook on the stock, had in December upgraded the stock to “neutral”, saying the challenges the conglomerate faces are better understood. The stock rose 11 percent after Tusa ditched his long-held negative view. In a note on Tuesday, Tusa said GE’s fourth-quarter results, scheduled for Thursday, would be of less significance compared to its commentary on ailing businesses like insurance and capital services.
“We believe the focus in 4Q should turn back to these fundamentals, where we continue to point to the mechanical headwinds from dilutive asset sales, a key aspect as to why FCF (free cash flow) remains so weak,” Tusa burberry cufflinks amazon said in the client note, In its third-quarter results, GE said it will significantly miss its full-year cash flow target of about $6 billion, Analysts now expect the company’s free cash flow to be $2.69 billion, according to Refinitiv data, GE posted a loss of $22.8 billion for the quarter, as it cut its dividend and said it faced a deepening federal accounting probe..
(Reuters) - U.S. Democratic Senator Patty Murray sent a letter to Johnson & Johnson on Tuesday seeking information related to allegations in a Reuters Special Report that the healthcare company knew about the presence of asbestos in its talc-based baby powder. The letter addressed to J&J Chief Executive Alex Gorsky asks for documents and information related to testing of its talc products for the presence of carcinogens and “how it presented that information to regulators and consumers.”.
Reuters on Dec, 14 published a Special Report detailing that the company knew that the talc in its raw and finished powders sometimes tested positive burberry cufflinks amazon for cancer-causing asbestos from the 1970s into the early 2000s - test results the company did not disclose to regulators or consumers, While exposure to asbestos has been linked to mesothelioma, J&J has repeatedly said that its talc products are safe, and that decades of studies have shown them to be asbestos-free and that they do not cause cancer..
J&J spokesman Ernie Knewitz, in an emailed statement, acknowledged receiving the letter and said the company looks forward to sharing its response with the senator. “As we have consistently stated, we firmly stand behind the safety and purity of our talc, which has been confirmed by thousands of independent tests by regulators worldwide, including the U.S. FDA and many of the world’s leading independent laboratories,” the company statement said. Murray, the top Democrat on the Republican-controlled Senate Committee on Health, Education, Labor and Pensions, referred to the Reuters report in her letter. It began, “I am troubled by recent reports of an alleged decades-long effort by Johnson & Johnson to potentially mislead regulators and consumers about the safety of one of its products, which may have resulted in long-term harm for men, women, and children who used Johnson & Johnson baby powder.”.
WASHINGTON (Reuters) - The U.S, Federal Trade Commission said on Monday it had approved with conditions the proposed $482.7 million merger of office supply distributors Staples Inc and Essendant Inc, “Staples, which is owned by the private-equity firm Sycamore Partners, will establish a firewall separating Staples’ business-to-business sales operations from Essendant’s wholesale business,” the regulator said burberry cufflinks amazon in a statement, “This firewall will restrict Staples’ access to the commercially sensitive information of Essendant’s customers.”..