China’s Pangang Group Co. and Korea’s Kolon Industries Inc. have eluded U.S. criminal charges of trade-secret theft for months. Unlike fugitive security contractor Edward Snowden, they aren’t hiding from authorities.
John Mack, the former head of Morgan Stanley, is going into business with a 77-year-old tax lawyer who oversees more than $15 billion in investment assets for clients such as ex-basketball star Magic Johnson and the founding family of Estee Lauder Cos., Bloomberg News’s Miles Weiss reports.
For more than 60 years, the Tennessee Gas Pipeline has linked natural-gas wells in Texas to customers in the north. Until last year, it paid federal corporate income taxes on its earnings, setting aside $107 million in 2011 alone.
The U.S. government’s China expert for an economic espionage criminal trial copied verbatim from Wikipedia large portions of a report summarizing his proposed testimony and should be disqualified, defense attorneys said.
President Barack Obama had just won re-election and his top advisers were in Chicago for the victory party. As they savored the moment, hugging one another and drinking champagne, Chief of Staff Jack Lew killed the buzz.