Archive for Business and Finance

S.E.C. Blocks Chinese Takeover of Chicago Stock Exchange – The New York Times

“Supporters of the Chicago Stock Exchange proposal said it could help bring more Chinese companies to United States financial markets. And it would also have helped revive a marketplace where activity was dwindling. The Chicago Stock Exchange handles only a small fraction of the stock trades that take place every day.”

Source: S.E.C. Blocks Chinese Takeover of Chicago Stock Exchange – The New York Times

DL: This deal was approved by the SEC under Barak Obama. It was approved by the staff of the SEC. The new Trump head of the SEC has terminated against the advice of the SEC staff. Make America Great Again continues to hold us back. These are the same idiots who cancelled the US participation in the TPP, the Trans Pacific Partnership.

Posted in: Business and Finance, China

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Trial Over Theft of Wind Technology Spotlights U.S.-China Tensions – WSJ

By Erin Ailworth Jan. 6, 2018 7:00 a.m. ET 21 COMMENTS

“A dispute over the alleged theft of wind-turbine technology is slated to go to trial in Wisconsin on Monday in a test case for intellectual-property battles between the U.S. and China. Federal prosecutors accuse Chinese wind-turbine maker Sinovel Wind Group Co. Ltd. of stealing the source code for software that controls wind turbines from American Superconductor Corp. AMSC 6.64% , a Massachusetts-based engineering company that once counted Sinovel as its biggest customer.

The trial in U.S. District Court for the Western District of Wisconsin could result in billions of dollars in fines for Sinovel, which has previously denied wrongdoing.

Prosecutors in 2013 indicted the company, along with two of its executives and an American Superconductor employee, on criminal charges of stealing trade secrets.

John W. Vaudreuil, then U.S. Attorney for the Western District of Wisconsin, called it “nothing short of attempted corporate homicide.” ”

Source: Trial Over Theft of Wind Technology Spotlights U.S.-China Tensions – WSJ

Ouch. Here is the top WSJ comment, which I endorsed, even though its tone is harsh.

Posted in: Business and Finance, China, Intellectual Property Rights

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