Anthony Levandowski, former Google engineer at center of Waymo-Uber case charged with stealing trade secrets – gpgmail

[ad_1] Anthony Levandowski, the former Google engineer and serial entrepreneur who was at the center of a trade secrets lawsuit between Uber and Waymo, has been indicted by a federal grand jury on theft of trade secrets. The indictment, which is posted below, charges Levandowski with 33 counts of theft and attempted theft of trade […]

Trump adds tariffs to $550 billion of Chinese imports in trade war reprisal – gpgmail

[ad_1] President Trump announced Friday on Twitter that tariffs on Chinese imports will increase 5 percentage points in a tit-for-tat response to China’s own plans to place new duties on U.S. goods. About $250 billion of goods produced by China and imported into the U.S. already have a 25% tariff. This newest increase will push […]

Tech stocks walloped as China retaliates in the latest salvo of its trade war with the U.S. – gpgmail

[ad_1] All U.S. stock markets were down severely today, and tech stocks were hit especially hard, as China retaliated to increasing U.S. tariffs by halting imports on U.S. agricultural goods and finally acceded to market pressures by letting the yuan slide in value against the dollar. At one point, the Dow was down nearly 900 […]

Samsung posts 55.6% drop in second-quarter profit as it copes with weak demand and a trade dispute – gpgmail

[ad_1] As it forecast earlier this month, Samsung reported a steep drop in its second-quarter earnings due to lower market demand for chips and smartphones. The company said its second-quarter operating profit fell 55.6% year-over-year to 6.6 trillion won (about $5.6 billion), on consolidated revenue of 56.13 trillion won, slightly above the guidance it issued […]