Chinese Military Officials Charged with Hacking
May 19, 2014
DOJ Charges Chinese Military Officials with Hacking U.S. Companies; AT&T and DirecTV Plan Giant Telecomm Merger
On the Hill
- House Majority Leader Eric Cantor will block attempts to include an immigration measure in a must-pass defense bill. Representative Jeff Dunham, the chief sponsor of the National Defense Authorization Act, vowed to bring an amendment to the floor that would legalize young immigrants who served in the armed forces.
- Major Democratic fundraisers are among the loudest voices in opposition to proposed FCC regulations seen as threatening to “net neutrality.” The new rules would allow broadband providers to charge website companies for faster service and is seen as violating the principle of treating all web traffic the same.
- No economic indicators released today.
- The Justice Department has announced it is charging five Chinese military officers with hacking U.S. companies for their trade secrets. This represents the latest step in a growing battle between Beijing and Washington over hacking.
- AT&T and DirecTV announced a $49 billion merger pending regulatory approval. The deal would create a massive combined telecommunications company, add strong cash flows to AT&T, and allow the combined firm to offer phone, Internet, and television bundles to DirecTV customers.