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    Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

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    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

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  • News
    Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

    Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

    15,000 Pounds Of Smoked Sausage Recalled For ‘Bone Fragments’ After Being Shipped To Seven States

    15,000 Pounds Of Smoked Sausage Recalled For ‘Bone Fragments’ After Being Shipped To Seven States

    Asian Shares Decline Ahead of Fed Decision on Rates

    Asian Shares Decline Ahead of Fed Decision on Rates

    Canadian Food Inspection Agency orders mushroom recall for Listeria contamination

    Canadian Food Inspection Agency orders mushroom recall for Listeria contamination

  • NYSE
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    Salesforce Inc. stock falls Thursday, underperforms market

    These 4 Measures Indicate That Sempra (NYSE:SRE) Is Using Debt Extensively

    These 4 Measures Indicate That Sempra (NYSE:SRE) Is Using Debt Extensively

    Oracle (NYSE:ORCL) Takes On Some Risk With Its Use Of Debt

    Oracle (NYSE:ORCL) Takes On Some Risk With Its Use Of Debt

  • NASDAQ
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    Aadi Bioscience, Inc. (NASDAQ:AADI) Short Interest Down 5.1% in August

    Beyond Meat Inc. stock falls Thursday, underperforms market

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    Brighthouse Financial Shares Fall 6.7% on Goldman Sachs Rating Cut

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  • OTC
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    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

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    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    CN Rail Stock Is So Undervalued That it’s Absurd

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Huawei urges U.S. agency to drop national security risk designation

avatar by Editor
February 3, 2020
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Huawei urges U.S. agency to drop national security risk designation

Huawei Technologies Co Ltd on Monday asked the Federal Communications Commission (FCC) not to finalize its designation of the China tech giant as a risk to U.S. national security, calling the effort “unlawful and misguided.”

In November, the FCC voted 5-0 to initially designate Huawei and ZTE Corp 000063.SZ as national security risks in a move that would bar their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment.

Huawei said in a nearly 200-page filing with the FCC the action was “designed to implement a campaign by certain government officials, including members of Congress, to single out Huawei for burdensome and stigmatizing restrictions, put it out of business in the United States, and impugn its reputation here and around the world.”

The commission left the final determination to the FCC’s Public Safety and Homeland Security Bureau, which could determine not to finalize the risk designation.

Such a move would run counter to the Trump administration’s stance to date, after its blacklisting of Huawei in May sharply restricted the export of U.S. high-tech components to the company.

The administration has also tried with limited success to persuade its allies to bar Huawei, saying its equipment could potentially be used by Beijing for spying.

The company has repeatedly denied those allegations, and scored a big win last week when the UK announced it was giving Huawei a role in its new generation of telecoms infrastructure.

In its November vote, the FCC proposed requiring that U.S. carriers remove and replace equipment from both Huawei and ZTE, also China-based, from existing networks.

The companies’ ties to the Chinese government and military apparatus, and laws requiring their assistance in intelligence activities, are why they pose a security risk, the FCC said.

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