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Trade

Motorola Trade Secrets Stolen By Chinese Telecom Firm Hytera, US Indictment Accuses

A federal indictment unsealed Monday accuses a Chinese telecommunications company of stealing technology from Illinois-based Motorola Solutions, in another case highlighting longstanding fears about China pilfering vital US business secrets to bolster its own economy.The Chicago filing charges Hytera Communications, with conspiracy to commit theft of trade secrets, alleging it recruited several Motorola employees as part of the scheme. They are accused of accessing Motorola's internal database, then described and even…

Microsoft-Activision Deal: US Reportedly Probes Options Trade Gained on Acquisition

US Federal prosecutors and securities regulators are investigating large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on Activision Blizzard shares in January, days before the videogame maker agreed to be acquired by Microsoft, the Wall Street Journal reported on Tuesday.IAC Chairman Diller, his stepson von Furstenberg, and music mogul Geffen have an unrealised profit of about $60 million (roughly Rs. 459.58 crore) on the options trade, based on the recent Activision share price of around $80…