China suspends US military visits to Hong Kong, sanctions US-based NGOs

Chinese President Xi Jinping at the Great Hall of the People in Beijing, China November 27, 2019. China said on Monday U.S. military ships and aircraft won’t be allowed to visit Hong Kong, and also announced sanctions against several U.S. non-government organisations for encouraging protesters to “engage in extremist, violent and criminal acts.” China last week promised it would issue “firm counter measures” after U.S. President Donald Trump signed into law the “Hong Kong Human Rights and Democr


Chinese President Xi Jinping at the Great Hall of the People in Beijing, China November 27, 2019.
China said on Monday U.S. military ships and aircraft won’t be allowed to visit Hong Kong, and also announced sanctions against several U.S. non-government organisations for encouraging protesters to “engage in extremist, violent and criminal acts.”
China last week promised it would issue “firm counter measures” after U.S. President Donald Trump signed into law the “Hong Kong Human Rights and Democr
China suspends US military visits to Hong Kong, sanctions US-based NGOs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02
Keywords: news, cnbc, companies, rights, ships, sanctions, week, kong, hong, ngos, china, usbased, beijing, visit, protesters, times, visits, suspends, military


China suspends US military visits to Hong Kong, sanctions US-based NGOs

Chinese President Xi Jinping at the Great Hall of the People in Beijing, China November 27, 2019.

China said on Monday U.S. military ships and aircraft won’t be allowed to visit Hong Kong, and also announced sanctions against several U.S. non-government organisations for encouraging protesters to “engage in extremist, violent and criminal acts.”

The measures were announced by China’s Foreign Ministry in response to U.S. legislation passed last week supporting anti-government protesters. It said it had suspended taking requests for U.S. military visits indefinitely, and warned of further action to come.

“We urge the U.S. to correct the mistakes and stop interfering in our internal affairs. China will take further steps if necessary to uphold Hong Kong’s stability and prosperity and China’s sovereignty,” said ministry spokeswoman Hua Chunying said at a daily news briefing in Beijing.

China last week promised it would issue “firm counter measures” after U.S. President Donald Trump signed into law the “Hong Kong Human Rights and Democracy Act,” which supports anti-government protesters in Hong Kong and threatens China with potential sanctions.

There are fears that the row over Hong Kong could impact efforts by Beijing and Washington to reach preliminary deal that could de-escalate a prolonged trade war between the two countries.

The U.S.-headquartered NGOs targeted by Beijing include the National Endowment for Democracy, the National Democratic Institute for International Affairs, the International Republican Institute, Human Rights Watch, and Freedom House.

“They shoulder some responsibility for the chaos in Hong Kong and they should be sanctioned and pay the price,” said Hua.

In more normal times, several U.S. naval ships visit Hong Kong annually, a rest-and-recreation tradition that dates back to the pre-1997 colonial era which Beijing allowed to continue after the handover from British to Chinese rule.

Visits have at times been refused amid broader tensions and two U.S. ships were denied access in August.

The USS Blue Ridge, the command ship of the Japanese-based Seventh Fleet, stopped in Hong Kong in April – the last ship to visit before mass protests broke out in June.

Foreign NGOs are already heavily restricted in China, and have previously received sharp rebukes for reporting on rights issues in the country including the mass detention of Uighur Muslims in Xinjiang.


Company: cnbc, Activity: cnbc, Date: 2019-12-02
Keywords: news, cnbc, companies, rights, ships, sanctions, week, kong, hong, ngos, china, usbased, beijing, visit, protesters, times, visits, suspends, military


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China’s heavy-handed reaction to the NBA is just the wake-up call the world needed

President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | ReutersMany financial journalists and political pundits have been trying for years to get the U.S. public more concerned about China’s increasingly repressive regime and the questionable trade-offs many American companies have been making to continue doing business in the country. Thanks to the NBA, Twitter and a Chinese


President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | ReutersMany financial journalists and political pundits have been trying for years to get the U.S. public more concerned about China’s increasingly repressive regime and the questionable trade-offs many American companies have been making to continue doing business in the country. Thanks to the NBA, Twitter and a Chinese
China’s heavy-handed reaction to the NBA is just the wake-up call the world needed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: jake novak
Keywords: news, cnbc, companies, wakeup, usbased, chinas, president, nba, journalists, reaction, questionable, companies, wont, world, heavyhanded, pundits, needed


China's heavy-handed reaction to the NBA is just the wake-up call the world needed

President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters

Many financial journalists and political pundits have been trying for years to get the U.S. public more concerned about China’s increasingly repressive regime and the questionable trade-offs many American companies have been making to continue doing business in the country. Thanks to the NBA, Twitter and a Chinese government that feeds a national “outrage culture,” those journalists and pundits won’t have to try so hard anymore. Coverage of Houston Rockets General Manager Daryl Morey’s now-deleted tweet in support of the Hong Kong protests, and the response to it from China and the NBA, has already earned more attention than dozens of other stories in recent years documenting similar questionable relationships between U.S.-based companies and Beijing.


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: jake novak
Keywords: news, cnbc, companies, wakeup, usbased, chinas, president, nba, journalists, reaction, questionable, companies, wont, world, heavyhanded, pundits, needed


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Huawei’s US research arm Futurewei to lay off hundreds of workers

A Huawei logo is pictured at their store at Vina del Mar, Chile July 18, 2019. The U.S.-based research arm of China’s Huawei Technologies — Futurewei Technologies — announced worker layoffs on Monday, according to two Futurewei employees. The layoffs come about two months after the U.S. government put Huawei on a trade blacklist, making it illegal for its U.S. subsidiary to transfer sensitive technologies to its parent. The blacklist also restricts Huawei from purchasing products from U.S. techn


A Huawei logo is pictured at their store at Vina del Mar, Chile July 18, 2019. The U.S.-based research arm of China’s Huawei Technologies — Futurewei Technologies — announced worker layoffs on Monday, according to two Futurewei employees. The layoffs come about two months after the U.S. government put Huawei on a trade blacklist, making it illegal for its U.S. subsidiary to transfer sensitive technologies to its parent. The blacklist also restricts Huawei from purchasing products from U.S. techn
Huawei’s US research arm Futurewei to lay off hundreds of workers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: lauren feiner
Keywords: news, cnbc, companies, technologies, layoffs, worker, futurewei, huawei, workers, usbased, universities, research, lay, huaweis, arm, vina, work, hundreds, blacklist


Huawei's US research arm Futurewei to lay off hundreds of workers

A Huawei logo is pictured at their store at Vina del Mar, Chile July 18, 2019.

The U.S.-based research arm of China’s Huawei Technologies — Futurewei Technologies — announced worker layoffs on Monday, according to two Futurewei employees.

The layoffs come about two months after the U.S. government put Huawei on a trade blacklist, making it illegal for its U.S. subsidiary to transfer sensitive technologies to its parent. The blacklist also restricts Huawei from purchasing products from U.S. technology companies.

Futurewei was set up in part to work closely with U.S. universities and researchers.


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: lauren feiner
Keywords: news, cnbc, companies, technologies, layoffs, worker, futurewei, huawei, workers, usbased, universities, research, lay, huaweis, arm, vina, work, hundreds, blacklist


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The ‘Internet of Things’ will cause more security problems next year, exec warns

The “Internet of Things” has created all sorts of problems on the cybersecurity front — and the problem may get worse soon. The Internet of Things, commonly called IoT in tech circles, is the concept of conventional, physical objects being linked to the internet and communicating with each other — think, for instance, of automobiles or appliances that are linked to the internet. But just like computers that are connected to the internet, those networked devices can be hacked. “Next year, we will


The “Internet of Things” has created all sorts of problems on the cybersecurity front — and the problem may get worse soon. The Internet of Things, commonly called IoT in tech circles, is the concept of conventional, physical objects being linked to the internet and communicating with each other — think, for instance, of automobiles or appliances that are linked to the internet. But just like computers that are connected to the internet, those networked devices can be hacked. “Next year, we will
The ‘Internet of Things’ will cause more security problems next year, exec warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: kavita chandran, dave zhong, getty images entertainment, getty images
Keywords: news, cnbc, companies, warns, splunk, internet, sorts, problems, tech, worse, think, usbased, things, linked, cause, exec, security


The 'Internet of Things' will cause more security problems next year, exec warns

The “Internet of Things” has created all sorts of problems on the cybersecurity front — and the problem may get worse soon.

The Internet of Things, commonly called IoT in tech circles, is the concept of conventional, physical objects being linked to the internet and communicating with each other — think, for instance, of automobiles or appliances that are linked to the internet.

But just like computers that are connected to the internet, those networked devices can be hacked.

“Next year, we will definitely hear of even more IoT-related security challenges,” said Haiyan Song, general manager of Security Markets for U.S.-based Splunk, a software maker that helps clients analyze cyber-threats.


Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: kavita chandran, dave zhong, getty images entertainment, getty images
Keywords: news, cnbc, companies, warns, splunk, internet, sorts, problems, tech, worse, think, usbased, things, linked, cause, exec, security


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BT names Worldpay’s Philip Jansen CEO

BT Group named Philip Jansen as chief executive officer on Thursday, to replace Gavin Patterson after its chairman said in June a new leader was needed to restructure Britain’s biggest broadband and mobile provider. Jansen, who joins from U.S.-based payment processing firm Worldpay where he was co-chief executive, will be appointed to the board as an executive director on Jan. 1 and will take over from Patterson on Feb. 1. Philip Jansen said in a statement: “In a competitive market we will need


BT Group named Philip Jansen as chief executive officer on Thursday, to replace Gavin Patterson after its chairman said in June a new leader was needed to restructure Britain’s biggest broadband and mobile provider. Jansen, who joins from U.S.-based payment processing firm Worldpay where he was co-chief executive, will be appointed to the board as an executive director on Jan. 1 and will take over from Patterson on Feb. 1. Philip Jansen said in a statement: “In a competitive market we will need
BT names Worldpay’s Philip Jansen CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-25  Authors: cnbccom with reuters
Keywords: news, cnbc, companies, statement, worldpay, business, bt, ceo, usbased, work, patterson, jansen, worldpays, names, executive, philip, million


BT names Worldpay's Philip Jansen CEO

BT Group named Philip Jansen as chief executive officer on Thursday, to replace Gavin Patterson after its chairman said in June a new leader was needed to restructure Britain’s biggest broadband and mobile provider.

Jansen, who joins from U.S.-based payment processing firm Worldpay where he was co-chief executive, will be appointed to the board as an executive director on Jan. 1 and will take over from Patterson on Feb. 1.

Philip Jansen said in a statement: “In a competitive market we will need to be absolutely focused on our customers’ needs and pursue the right technology investments to help grow the business. I’m excited to get to know all the people at BT and work together to take the business forward.”

According to the same statement, Jansen will earn an annual salary of £1.1 million ($1.42 million) for the next five years, excluding bonus.


Company: cnbc, Activity: cnbc, Date: 2018-10-25  Authors: cnbccom with reuters
Keywords: news, cnbc, companies, statement, worldpay, business, bt, ceo, usbased, work, patterson, jansen, worldpays, names, executive, philip, million


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Apple and the other blue-chip stocks still at risk in global trade war

“I think [Trump] will try to avoid hurting the company directly. It is Apple among those tech giants that stands to lose the most if the trade conflict with China gets worse. It would take a big move from Trump to put Apple at trade risk. “I don’t want to say anyone is immune, but if anyone has Trump’s ear right now it’s Tim Cook,” Zino said. “I think [Trump] will try to avoid hurting the company directly.


“I think [Trump] will try to avoid hurting the company directly. It is Apple among those tech giants that stands to lose the most if the trade conflict with China gets worse. It would take a big move from Trump to put Apple at trade risk. “I don’t want to say anyone is immune, but if anyone has Trump’s ear right now it’s Tim Cook,” Zino said. “I think [Trump] will try to avoid hurting the company directly.
Apple and the other blue-chip stocks still at risk in global trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-30  Authors: tim mullaney, stringer, anadolu agency, getty images, vcg, sean gallup, greg baker, afp, kevin winter, -angelo zino
Keywords: news, cnbc, companies, usbased, apple, china, avoid, try, stocks, bluechip, trumps, war, risk, tim, global, think, trade, zino, trump


Apple and the other blue-chip stocks still at risk in global trade war

“I think [Trump] will try to avoid hurting the company directly. It’s probably the most important U.S.-based [manufacturer] on the planet.”

It is Apple among those tech giants that stands to lose the most if the trade conflict with China gets worse.

“The ones you have to keep an eye on are those manufacturing in China and selling in America,” Bell said. “There has been a positive impact early on for some, because orders are being pulled forward to avoid tariffs. What happens once we get past that is the question.”

Apple gets 21 percent of its sales in Greater China, and does final assembly for most phones there. An estimated $15.7 billion of the U.S.-China merchandise trade deficit last year came from iPhones, according to a Reuters analysis in January.

So far, cell phones have been exempt from Trump’s move to pressure China on trade, partly because of CEO Tim Cook’s personal lobbying, CFRA analyst Angelo Zino said. It would take a big move from Trump to put Apple at trade risk.

“I don’t want to say anyone is immune, but if anyone has Trump’s ear right now it’s Tim Cook,” Zino said. “I think [Trump] will try to avoid hurting the company directly. It’s probably the most important U.S.-based [manufacturer] on the planet.”

Apple year-to-date return: 31 percent


Company: cnbc, Activity: cnbc, Date: 2018-08-30  Authors: tim mullaney, stringer, anadolu agency, getty images, vcg, sean gallup, greg baker, afp, kevin winter, -angelo zino
Keywords: news, cnbc, companies, usbased, apple, china, avoid, try, stocks, bluechip, trumps, war, risk, tim, global, think, trade, zino, trump


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China’s ride-hailing app Didi gets $500 million funding from the parent of Booking.com

Chinese ride-hailing app Didi Chuxing has received a $500 million investment from U.S. travel firm Booking Holdings, in a boost for its aggressive plan to enter new markets outside of China. The two firms announced the investment in a joint statement on Tuesday but its details were not disclosed. Didi, which is expected to launch an initial public offering some time, is currently valued at $56 billion. The new funds come as Didi is expanding heavily into several new overseas markets, where it ho


Chinese ride-hailing app Didi Chuxing has received a $500 million investment from U.S. travel firm Booking Holdings, in a boost for its aggressive plan to enter new markets outside of China. The two firms announced the investment in a joint statement on Tuesday but its details were not disclosed. Didi, which is expected to launch an initial public offering some time, is currently valued at $56 billion. The new funds come as Didi is expanding heavily into several new overseas markets, where it ho
China’s ride-hailing app Didi gets $500 million funding from the parent of Booking.com Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-17  Authors: zhang peng, lightrocket, getty images
Keywords: news, cnbc, companies, holdings, usbased, uber, markets, app, parent, users, million, funding, investment, 500, travel, didi, bookingcom, valued, chinas, ridehailing, gets


China's ride-hailing app Didi gets $500 million funding from the parent of Booking.com

Chinese ride-hailing app Didi Chuxing has received a $500 million investment from U.S. travel firm Booking Holdings, in a boost for its aggressive plan to enter new markets outside of China.

The two firms announced the investment in a joint statement on Tuesday but its details were not disclosed. Didi, which is expected to launch an initial public offering some time, is currently valued at $56 billion.

Booking Holdings, which changed its name from Priceline earlier this year, will allow users in its apps to hail Didi cars as part of the agreement, they said.

The new funds come as Didi is expanding heavily into several new overseas markets, where it hopes to challenge U.S. ride-hailing giant Uber Technologies.

The company has recently launched services in Mexico, Australia, and Japan, fueled by a $4 billion funding round in December that was earmarked for new markets as well as artificial intelligence (AI.)..

It has also invested in a handful of Uber competitors in other markets, including Brazil’s 99, India’s Ola, Singapore’s Grab and U.S.-based Lyft.


Company: cnbc, Activity: cnbc, Date: 2018-07-17  Authors: zhang peng, lightrocket, getty images
Keywords: news, cnbc, companies, holdings, usbased, uber, markets, app, parent, users, million, funding, investment, 500, travel, didi, bookingcom, valued, chinas, ridehailing, gets


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Before Trump-Kim summit, US group sowed seeds of peace–with rice

President Donald Trump’s historic summit with North Korean leader Kim Jong Un produced a thaw in relations between the two countries but the communist regime continues to face international sanctions and food shortage problems. However, one U.S.-based non-profit organization that has been partnering for 20 years with North Korean farmers to help them increase food production is starting to see results. The Food and Agriculture Organization of the United Nations earlier this month identified Nort


President Donald Trump’s historic summit with North Korean leader Kim Jong Un produced a thaw in relations between the two countries but the communist regime continues to face international sanctions and food shortage problems. However, one U.S.-based non-profit organization that has been partnering for 20 years with North Korean farmers to help them increase food production is starting to see results. The Food and Agriculture Organization of the United Nations earlier this month identified Nort
Before Trump-Kim summit, US group sowed seeds of peace–with rice Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-21  Authors: jeff daniels, ayaka, gamma-rapho, getty images, zhang jin, american friends service committee, kcna, afp
Keywords: news, cnbc, companies, poor, group, agriculture, usbased, seeds, trumpkim, rice, food, organization, korean, korea, sowed, countries, summit, peacewith, 20, north


Before Trump-Kim summit, US group sowed seeds of peace--with rice

President Donald Trump’s historic summit with North Korean leader Kim Jong Un produced a thaw in relations between the two countries but the communist regime continues to face international sanctions and food shortage problems.

However, one U.S.-based non-profit organization that has been partnering for 20 years with North Korean farmers to help them increase food production is starting to see results.

The Food and Agriculture Organization of the United Nations earlier this month identified North Korea as one of 39 countries currently still “in need of external food assistance.” Nearly 40 percent of the country’s population are undernourished and more than one-quarter of the children stunted due to a poor diet, according to UN.

The heavy hand of the central government in Pyongyang has contributed to physical shortages of food along with erosion of land and frequent droughts. Poor soil quality also is a problem because of ceaseless cultivation of crops. Also, less than 20 percent of North Korea is suitable for agriculture since most of the country is mountainous terrain.


Company: cnbc, Activity: cnbc, Date: 2018-06-21  Authors: jeff daniels, ayaka, gamma-rapho, getty images, zhang jin, american friends service committee, kcna, afp
Keywords: news, cnbc, companies, poor, group, agriculture, usbased, seeds, trumpkim, rice, food, organization, korean, korea, sowed, countries, summit, peacewith, 20, north


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As the payment wars heat up, PayPal could have a leg above Square

IZettle will likely provide small point-of-sale devices that attach to mobile phones to businesses that are offline. It is similar to the U.S.-based Square. The acquisition will help PayPal expand its point-of-sale business in the small and medium business market, and gives PayPal exposure to some additional markets in which they do not already have a strong presence. Disclosure: Binger’s firm, Gradient Investments, owns PayPal in its portfolios; Binger does not own the stock personally.


IZettle will likely provide small point-of-sale devices that attach to mobile phones to businesses that are offline. It is similar to the U.S.-based Square. The acquisition will help PayPal expand its point-of-sale business in the small and medium business market, and gives PayPal exposure to some additional markets in which they do not already have a strong presence. Disclosure: Binger’s firm, Gradient Investments, owns PayPal in its portfolios; Binger does not own the stock personally.
As the payment wars heat up, PayPal could have a leg above Square Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-21  Authors: michael binger, guest contributor, david paul morris, bloomberg, getty images, mark neuling, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, provide, business, strong, usbased, leg, pointofsale, heat, square, similar, payment, paypal, small, stock, wars, squarethe


As the payment wars heat up, PayPal could have a leg above Square

IZettle will likely provide small point-of-sale devices that attach to mobile phones to businesses that are offline. It is similar to the U.S.-based Square.

The acquisition will help PayPal expand its point-of-sale business in the small and medium business market, and gives PayPal exposure to some additional markets in which they do not already have a strong presence.

Disclosure: Binger’s firm, Gradient Investments, owns PayPal in its portfolios; Binger does not own the stock personally.


Company: cnbc, Activity: cnbc, Date: 2018-05-21  Authors: michael binger, guest contributor, david paul morris, bloomberg, getty images, mark neuling, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, provide, business, strong, usbased, leg, pointofsale, heat, square, similar, payment, paypal, small, stock, wars, squarethe


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Iranian hackers attacked college professors, US agencies and companies: Justice Department

The activity, which had allegedly been conducted since 2013, could cost universities $3.4 billion. “That type of criminal activity does not just cause economic harm,” Deputy Attorney General Rod Rosenstein said. Identifying and prosecuting computer hackers is a priority for the Department of Justice.” They also targeted and compromised at least 36 U.S.-based private companies and at least 11 companies based in Germany, Italy, Switzerland, Sweden and the United Kingdom, proescutors said. And the


The activity, which had allegedly been conducted since 2013, could cost universities $3.4 billion. “That type of criminal activity does not just cause economic harm,” Deputy Attorney General Rod Rosenstein said. Identifying and prosecuting computer hackers is a priority for the Department of Justice.” They also targeted and compromised at least 36 U.S.-based private companies and at least 11 companies based in Germany, Italy, Switzerland, Sweden and the United Kingdom, proescutors said. And the
Iranian hackers attacked college professors, US agencies and companies: Justice Department Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-23  Authors: kevin breuninger, jim forkin, dan mangan, joshua roberts, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, united, iranian, companies, agencies, college, justice, threatens, type, targeted, attacked, professors, hackers, usbased, department, universities, victims, activity


Iranian hackers attacked college professors, US agencies and companies: Justice Department

The activity, which had allegedly been conducted since 2013, could cost universities $3.4 billion.

“That type of criminal activity does not just cause economic harm,” Deputy Attorney General Rod Rosenstein said. “It also threatens our national security. Identifying and prosecuting computer hackers is a priority for the Department of Justice.”

The nine defendants were accused of being affiliated with the so-called Mabna Institute and acted at the behest of one of Iran’s intelligence gathering entities.

They also targeted and compromised at least 36 U.S.-based private companies and at least 11 companies based in Germany, Italy, Switzerland, Sweden and the United Kingdom, proescutors said.

And the indictment counts at least five government agencies, including the Labor Department, the Federal Energy Regulatory Commission and the United Nations, among the victims of the hacking campaign.

The nine are at large, the Justice Department said.


Company: cnbc, Activity: cnbc, Date: 2018-03-23  Authors: kevin breuninger, jim forkin, dan mangan, joshua roberts, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, united, iranian, companies, agencies, college, justice, threatens, type, targeted, attacked, professors, hackers, usbased, department, universities, victims, activity


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