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China high-tech firms deny spying before Congress

Submitted by Fox First at Ten on September 13th

By MATTHEW PENNINGTONAssociated Press WASHINGTON (AP) - Two major Chinese technology companies on Thursday denied allegations that some of their equipment is designed to facilitate spying, but struggled to convince U.S. lawmakers that they are independent from the dictates of Beijing's

How makers of phones and tablets are faring

Submitted by Fox First at Ten on September 12th

By The Associated Press Many companies including Nokia and Research in Motion have been struggling to compete with Apple and manufacturers of devices running Google's Android software. That shows in some of the earnings reports released so far for the latest quarter. Additional mobile

A look at recent tech-industry earnings

Submitted by Fox First at Ten on September 12th

By The Associated Press Quarterly results from leading tech companies underscore ongoing changes in the PC industry, concerns about the European economy and questions about newly traded tech companies' ability to generate revenue. Here is a summary of recent earnings and reports for

At Ford, questions remain about life after Mulally

Submitted by Fox First at Ten on September 12th

By DEE-ANN DURBIN and TOM KRISHERAP Auto Writers DETROIT (AP) - The big question at Ford these days: What's next? The company has thrived under the charismatic leadership of Alan Mulally. But the sunny 67-year-old CEO who joined Ford six years ago appears close to retirement. Reports say he

US lawmakers blame China over maritime disputes

Submitted by Fox First at Ten on September 12th

By MATTHEW PENNINGTONAssociated Press WASHINGTON (AP) - U.S. lawmakers Wednesday accused China of bullying its neighbors to press territorial claims in the South China Sea but also raised questions about America's capacity to police the region. Three congressional panels this week are

Man in NJ trial accused of taking secrets to China

Submitted by Fox First at Ten on September 12th

By DAVID PORTERAssociated Press NEWARK, N.J. (AP) - A Chinese man illegally took data on military-related technology from his New Jersey company back to his home country and lied to authorities about it upon his return, prosecutors charged Wednesday in the first day of his federal trial.

News Summary: GM's Asia chief to retire

Submitted by Fox First at Ten on September 12th

By The Associated Press THE CHANGE: Kevin Wale, 57, who runs General Motors' operations in China, India and Southeast Asia, is retiring effective Oct. 31 after seven years of leading the unit. THE REPLACEMENT: Bob Socia, 58, who is now head of global purchasing for GM. He starts work Oct. 1

Oil prices fall on questions about global economy

Submitted by Fox First at Ten on September 12th

By SANDY SHOREAP Business Writer The price of oil is in a holding pattern as traders question how much the global economy may benefit from efforts to promote growth in the U.S. and Europe. Benchmark oil fell 23 cents to $96.94 per barrel in New York. Brent crude, which is used to price

News Summary: iPhone maker faces labor complaints

Submitted by Fox First at Ten on September 12th

By The Associated Press THE COMPLAINT: China Labor Watch says the Chinese company that manufactures Apple's iPhone, Foxconn, employed students aged 16 to 18 in its factories. It cited employees as saying some wanted to leave but were compelled by their schools to stay. THE RESPONSE: Foxconn

How chips, PCs, services companies are faring

Submitted by Fox First at Ten on September 12th

By The Associated Press Personal computer makers have been scrambling to adapt to a technological upheaval unleashed by Apple Inc.'s line of sleek devices such as the iPhone and iPad and by a shift toward Internet-based software services instead of programs installed on individual machines