two China tech giants called security threat
American companies should avoid doing business with China's two leading technology firms because they pose a national security threat to the United States, the House Intelligence Committee is warning in a report to be issued today. The panel says U.S. regulators should block mergers and acquisitions in this country by Huawei Technologies Ltd. and ZTE Corp., among the world's leading suppliers of telecommunications gear and mobile phones. The report also recommends that U.S. government computer systems not include any components from the two firms because that could pose an espionage risk. The recommendations are the result of a yearlong inquiry, including a hearing in which Chinese executives of both companies denied posing a security threat.
High gas prices rise yet again
California motorists faced another day of record-breaking gasoline prices Sunday, though relief appeared to be on the way. In an update Sunday, AAA said the statewide average price for a gallon of regular unleaded gasoline was $4.655. Saturday's average was $4.6140. Gov. Jerry Brown ordered state smog regulators to allow winter-blend gasoline to be sold earlier than usual to boost the gas supply and help drive prices down.
Philippines: President Benigno Aquino III said Sunday that the government had reached a deal with a major rebel group, the Moro Islamic Liberation Front, that calls for it to no longer seek an independent state.