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Top related persons:
Dado Ruvic - 2 SMIC - 1 Liu Pengyu - 1 Karen Freifeld - 1 Anna Driver - 1 Gary Dickerson - 1 Samrhitha - 1 Shounak Dasgupta - 1
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REUTERS - 2 Materials - 2 Justice and Commerce - 2 Thomson - 2 United - 2 Semiconductor - 1 Applied - 1 Justice Department - 1

Search resuls for: "Justice and Commerce"


6 mentions found


☆ Exclusive: Applied Materials under US criminal probe for shipments to China's SMIC-sources
  + stars: | 2023-11-16 | by ( Karen Freifeld | ) www.reuters.com   time to read: +4 min
A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. Shares in Applied Materials fell 7.3% after the news and the company reported quarterly results. Reuters could not determine whether Applied Materials violated the law, and it isn't clear whether the investigation will result in charges. SMIC did not immediately respond to a request for comment on the shipments from Applied Materials. A spokesperson for China's embassy in Washington was not aware of the Applied Materials probe.
Persons: Dado Ruvic, SMIC, Liu Pengyu, Karen Freifeld, Anna Driver Organizations: REUTERS, Semiconductor, Applied, Justice Department, Reuters, Materials, Justice and Commerce, Attorney's, Prosecutors, National Security Unit, China's Semiconductor Manufacturing International Corporation, U.S . Commerce Department, Commerce Department, Federal Register, Lam Research Corp, U.S . Securities, Exchange Commission, Thomson Locations: U.S, South Korea, China, Santa Clara , California, Massachusetts, Boston, Gloucester, Washington
☆ Applied Materials forecasts upbeat first-quarter revenue on resilient demand
  + stars: | 2023-11-16 | by ( Samrhitha A | ) www.reuters.com   time to read: +2 min
A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. Reuters reported Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC. Santa Clara, California-based Applied Materials, expects first-quarter revenue of $6.47 billion, plus or minus $400 million, higher than analysts' estimates of $6.37 billion, according to LSEG data. Companies focusing on generative AI tools this year has also led to an increase in spending for Applied Materials' equipment. Rival Lam Research (LRCX.O) last month forecast revenue below estimates due to weak memory chip demand, while KLA (KLAC.O) forecast revenue above expectations on growing adoption of AI tools.
Persons: Dado Ruvic, Gary Dickerson, Samrhitha, Shounak Dasgupta Organizations: REUTERS, Reuters, United, Justice and Commerce, Intel, Devices, Materials, Revenue, Lam Research, KLA, Thomson Locations: United States, China, U.S, Santa Clara , California, Bengaluru
☆ U.S. Targets Iran's Missile, Drone Program With Fresh Sanctions
  + stars: | 2023-10-18 | by ( ) www.wsj.com   time to read: 1 min
WASHINGTON--The Biden administration on Wednesday added a host of entities, including several Chinese companies and their officials, to its sanction rosters and export-control lists for their alleged involvement in Iran's missile, drone and conventional arms programs. The coordinated action between the Treasury, Justice and Commerce Departments comes as the U.S. blames Tehran for its support for Hamas, the Gaza-based group responsible for an attack against Israel earlier this month, and as United Nations sanctions targeting Iran's missile and drone programs are set to expire.
Persons: Biden Organizations: Treasury, Justice, Commerce, Hamas, United, Iran's Locations: WASHINGTON, Tehran, Gaza, Israel, United Nations
☆ Justice Department Hiring Dozens of New Prosecutors to Enforce Russian Sanctions
  + stars: | 2023-03-02 | by ( Dylan Tokar | Ian Talley | ) www.wsj.com   time to read: +5 min
The new prosecutors will work with corporations to investigate sanctions and export control evasion, and also bring criminal charges against companies when they commit violations, he said. Some of the additional prosecutors are new hires, while some are being reallocated from different sections, according to officials. The U.A.E.’s enforcement of sanctions differs between the emirates, officials say, as the separate governments treat the sanctions with varying degrees of compliance. For their part, Justice Department officials have pointed to a growing nexus between their work on corporate crime and national security. In addition to hiring more prosecutors, Mr. Olsen said the counterintelligence section would also hire a lawyer to advise on investigations involving corporations.
☆ Special Report: Boy Scouts, Catholic dioceses find haven from sex abuse suits in bankruptcy
  + stars: | 2022-12-30 | by ( Kristina Cooke Mike Spector Benjamin Lesser Dan Levine Disha Raychaudhuri | Kristina Cooke | Mike Spector | ) www.reuters.com   time to read: +19 min
The Boy Scouts, for instance, said on a website the group set up for restructuring that it launched a “comprehensive noticing campaign” in the media. He sought compensation in the Boy Scouts bankruptcy in June, long after a deadline of November 16, 2020 for filing claims. The Boy Scouts bankruptcy reorganization plan, approved by a judge in September, halts all lawsuits against the Boy Scouts, local councils, churches and other organizations that chartered scouting activities. His case was halted by the Boy Scouts bankruptcy. Later that year, in August, he filed his lawsuit against defendants including a Boy Scouts local council and DeSandre.
☆ Water's edge: the crisis of rising sea levels
  + stars: | 2014-09-04 | by ( Reuters Graphic | ) www.reuters.com   time to read: +20 min
But sea levels have been rising for 100 years in Baltimore.”ROCKET SCIENCEThe irony is evident at Wallops Flight Facility. Yet this bastion of climate research has been slow to apply the science of sea level rise to its own operations. Reviewers from state and federal agencies criticized the 348-page document for failing to adequately take rising sea levels into account in the project design and impact, or to temper future plans for expansion. Joshua Bundick, Wallops’s environmental planning manager, explained that he distilled the issues “down to only the highest points,” and sea level rise wasn’t among them. The cost to American taxpayers of repeated destruction of the parking lot and causeway from rising sea levels would only increase, Fish and Wildlife officials said.
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