Mo Yun, a 42- year-old who was charged in this month with conspiring to steal trade secrets, was allowed to post $250,000 bond, must wear a GPS monitor and stay in a home in the Des Moines area between 10 p.m. and 7 a.m. daily.» Read More
James Moore, former Assistant Secretary of Commerce, told CNBC’s “Squawk Box” that trade talks with China earlier this week have produced “modest” results.
Thomas Donohue, chief executive officer of the U.S. Chamber of Commerce, told CNBC’s “Squawk Box” that a recession is unlikely this year.He said consumer spending is up, the housing market appears to have bottomed out and exports are growing.“I think we’re going to (have economic growth) between 2% and 2.5%,” Donohue said Wednesday. “I don’t think we’ll hit a recession. I think the Fed will be helpful.”
Media conglomerate Viacom sued Google and its Internet video-sharing site YouTube for more than $1 billion on Tuesday in the biggest challenge yet to the Web search leader's strategy to dominate the online video market.
Norway topped a global index of intellectual and physical property rights released on Tuesday while Bangladesh came last, highlighting that the weakest economies have the weakest property rights laws.
The U.S. Federal Trade Commission said Sony BMG agreed to settle charges that it secretly embedded potentially damaging anti-piracy software in some of its CDs.
Cisco Systems lawsuit against Apple over the use of the name iPhone is a "minor skirmish" that could have been avoided if Apple had been willing to negotiate, the International Herald Tribune reported.