General Electric is fighting back after the company was accused of fraud and its stock experienced its worst one-day percentage drop since April 2008. Harry Markopolos, who is famous for blowing the whistle on Bernie Madoff’s Ponzi scheme in 2008, accused GE of orchestrating a massive fraud. #CNNBusiness
Tag: First Move
Huawei executive says US export ban will cost American jobs
Huawei will survive the US pressure campaign against it, but American jobs may not, says Andy Purdy, Huawei’s chief security officer and former head of the US Department of Homeland Security’s national cybersecurity division.
Purdy told CNN’s Julia Chatterley on Friday that he thinks the Trump Administration is taking the wrong steps to protect the country, to the detriment of American companies.
“Given the United States’ vulnerability in cyberspace, I think the government is bending over backwards to make America safe, but they’re going too far,” Purdy said. “If we are forced to go our way, we’ll be okay. But in the long term, I don’t know that Huawei will come back (to America) and I think America will be hurt.”
#huawei #CNNBusiness
