China's Newest Foe: iPhone

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China's state broadcaster called a location-tracking function of Apple's iPhone a "national security concern," in the latest sign of a backlash against U.S. firms.

Putin Ally Joins Pirelli's Board

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Pirelli, one of the world's biggest tire makers, said it appointed Rosneft Chairman Igor Sechin to its board.

Alibaba Sets Latest Value at $130 Billion

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Chinese e-commerce company Alibaba Group Holding values itself at $130 billion ahead of its IPO, up from $117 billion in late June, according to a securities filing.

U.S. Slaps Tariffs on Korean Steel

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The U.S. on Friday moved to impose punitive tariffs on South Korean steelmakers, saying they sold steel pipe used in the oil and gas industry at artificially low prices.

Foxconn to Make Industrial Robots

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Hon Hai Precision Industry Co. plans to make its own industrial robots that it hopes will have the intelligence to handle assembly work like its skilled work force, its chairman said.

Chinese Executive Charged in Hacking Case

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The Justice Department charged the owner of a Chinese aviation-technology company with stealing reams of information from U.S. defense contractors—the latest in an effort to prosecute what American officials say is rampant Chinese industrial espionage.

Improving Training for Helicopter Pilots

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The helicopter industry is experiencing a flight-simulator boom, which is seen improving safety and dramatically enhancing business for companies that provide the training devices.

SEC Roused by Cynk's $6 Billion Valuation

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The Securities and Exchange Commission is investigating how Cynk Technology Corp., a social network that reports zero assets, no revenue and one employee, soared to a $6 billion valuation, according to people close to the probe.

Falcone's Harbinger Sues the U.S. Over LightSquared

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Philip Falcone's Harbinger Capital Partners is suing the federal government for allegedly reneging on a contract regarding wireless venture LightSquared.

Intel's Answer to iPad: Cheap Tablets

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Intel is trying new techniques to woo small suppliers that have lately had an outsize impact on the evolution of the tablet market.

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