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The Chinese government took unprecedented action by complying with a U.S. request and arresting hackers suspected of stealing secrets from U.S. companies to pass to Chinese state-run companies, the Washington Post reported on Friday. The arrests came in September before Chinese President Xi Jinping went to Washington for talks with U.S. President Barack Obama that included one of the most contentious issues between the two countries – corporate and government
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Intel Corp is set to get the go-ahead from EU antitrust regulators for its $16.7 billion offer for Altera Corp, its largest ever deal, two people familiar with the matter said on Friday. The world No. 1 chipmaker is looking to Altera to reinforce its portfolio of higher-margin chips used in data centers and to focus on chips for cars, watches
China’s top aircraft manufacturer has revealed specifications of an advanced stealth fighter jet in a bid to lure foreign buyers, the official China Daily reported on Friday. In a rare disclosure, the state-owned Aviation Industry Corp of China (Avic) unveiled the capabilities of the J-31 aircraft at an aviation show, even though the jet is still being tested, the newspaper said. Countries that cannot buy weaponry from the United States
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Rep. Darrell Issa tells CNBC he’s considering putting his name in the hat as a candidate for speaker of the House.
Oil has been surging this week but Goldman Sachs is calling for gains to be short-lived.
Wal-Mart named Brett Biggs, an executive in its international division, as its next chief financial officer Friday. Biggs will take over on Dec. 31, though Charles Holley, 59, who is retiring, will remain …
A U.S. interest rate hike is still probably coming in October or December despite some conflicting economic signals, a top Federal Reserve official said on Friday, reinforcing the central bank’s message over the last few weeks. Atlanta Fed President Dennis Lockhart, a well-respected centrist and a voter on the Fed’s monetary policy committee this year, said an international slowdown and last month’s weak U.S. jobs report show there is “a
Apple has removed some products from its App Store over concerns they could compromise users’ sensitive details, the U.S. technology giant said on Friday.
SABMiller met with investors Friday to underscore its strength as an independent company, as the world’s second-biggest brewer seeks to head off a takeover by larger rival Anheuser-Busch InBev. SABMiller …
