 China
 Mitt
Romney
 2008
Election
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Bain
Capital
BAIN CAPITAL News:
20080707
Mitt
Romney -  John
McCain -  Lay-Offs
- Bain
Capital -  Corporation
-  History
-  Massachusetts
- 2008
Election
"Romney,
McCain's `Logical' Choice, Must Overcome Primary Animus."
... "[2008 Election Republican Presidential Candidate John] McCain, 71,
said in December that he doesn't understand economics ``as well as I should''
and his lack of comfort is apparent on the stump." ... "[McCain's 2000
Election communications director Dan] Schnur said [Republican Mitt] Romney's
apparent advantage on the economy may have a down side. During his unsuccessful
1994 run against incumbent [Massachusetts Democratic Senator] Democrat
Ted Kennedy for a Massachusetts Senate seat, Romney was criticized for
overseeing layoffs while working at Bain [Capital]." ... "``The Democrats
could have a heyday talking about downsizing and lay-offs,'' Schnur said.
``It's the type of thing that in a difficult economic climate could be
a real problem.''" -By Heidi Przybyla
-Bloomberg
20080220
-
 US
- China
- Bain
Capital -  Networker
-  Foreign
-  Military
-  Government
- Hacking
-  Communications
-  Technologies
-  Politics
- Mass
- "3Com's
sale to Bain, Huawei stymied: National-security agency
fails to approve $2.2 billion deal." ... "Concerns about national security
could scuttle the $2.2 billion sale of networker 3Com Corp. [Corporation],
shares of which dropped as much as 20% on Wednesday." ... "Marlborough,
Mass.[Massachusetts]-based 3Com (COMS)
and its two partners -- Bain Capital Partners LLC [Limited Liability Company]
and Huawei Technologies Co. [Company] -- said they would withdraw their
application with the Committee on Foreign Investment in the United States."
... "The source of the agency's concern is the participation of Huawei,
the largest networker in China and a company with links to the mainland's
communist government. Huawei is run by a former mid-ranking officer in
the Chinese army whose firm has raised the ire of the U.S. [United States]
government and Western rivals such as Cisco Systems Inc. [Incorporated]."
... "It's no longer a top-tier networking company, but 3Com still does
substantial business with the U.S. The vendor's TippingPoint subsidiary,
for example, sells anti-hacking and other network-security services to
the Defense Department." ... "The U.S. has been particularly sensitive
about foreign ownership of networking and communications assets, especially
in light of repeated attempts to hack the nation's defense systems. Chinese-based
hackers are viewed as a major concern. " -By Jeffry
Bartash -MarketWatch
20080106
-
Mitt
Romney
- Bain
Capital - US
- China
- Military
-
 Intelligence
- Telecommunications
- Manufacturing
-  Computer
- Networking
- Hackers
- Technology
- Corporation
- Government
-  Lawmakers
- Politics
- Mass
-  California
-  India
- 2008
Election - "Telecom
Firm in China Sets Sights on U.S. Market: Ownership,
Tactics Raise Security Issues." ... "From a fortress-like corporate campus
in this southern city [of Shenzen, China], retired army officer Ren Zhengfei
is building one of China's most successful experiments in capitalism. A
mammoth operation with 70,000 employees and strong backing from the state,
Huawei Technologies brags that its goal is to dominate telecommunications
equipment markets all over the world." ... "Its current focus: America."
... "Three months ago, Huawei teamed up with Bain Capital Partners [2008
Election Republican Presidential Candidate Mitt Romney's venture capital
firm] in a $2.2 billion takeover bid for U.S. [United States] networking
pioneer 3Com Corp. [Corporation], a Marlborough, Mass. [Massachusetts],
company that makes systems to protect against computer hackers." ... "Fueling
[American] lawmakers' unease about the Huawei deal is that no one knows
exactly who owns it. Technically, Huawei is a private venture, not state-owned.
But the company won't reveal information about its shareholders except
to say it's "100 percent employee-owned," with its chief executive owning
1 percent." ... "Research organization Rand Corp. said that Huawei has
"deep ties" with the Chinese military. It is not only a customer of Huawei's,
Rand said in an analysis prepared for the U.S. government, but also was
a "political patron and research and development partner."" ... "The United
States is not the only place where Huawei's operations have triggered national
security concerns. In India, where Huawei operates its largest research
and development facility outside of China, the company's efforts to build
a manufacturing base have raised concerns among the country's intelligence
agencies." ... "In a note circulated at a meeting of India's joint intelligence
committee on Nov. [November] 8, Huawei is listed as a "sectoral threat.""
... "Huawei's approach to leadership and innovation is in some ways the
antithesis of its Silicon Valley competitors. While California's high-tech
giants pride themselves on their flat management structure, in which chief
executives sit down next to engineers to brainstorm and allow their scientists
and engineers the freedom to think big thoughts, Huawei is known for its
military-style approach." (1, 2)
-By Ariana Eunjung Cha with contributions by Wu Meng
and Rama Lakshmi -WashingtonPost
20070815
-
US
- China
- Manufacturing
- Market
-
 Baby
- Safety
-  Environmental
- Science
- Consumer
- WalMart
- Calif
- "Some
Baby Bibs Said to Contain Levels of Lead." ... "Certain
vinyl baby bibs sold at Toys “R” Us stores appear to be contaminated with
lead, laboratory tests have shown, making the inexpensive bibs another
example of a made-in-China product that may be a health hazard to children."
... "The vinyl bibs, which feature illustrations of baseball bats and soccer
balls and Disney’s Winnie the Pooh characters, are sold for less than $5
each under store brand labels, including Especially for Baby and Koala
Baby." ... "Tests this summer, financed by the Center for Environmental
Health of Oakland, Calif. [California], found lead as high as three times
the level allowed in paint in several styles of the bibs purchased from
both Toys “R” Us and Babies “R” Us stores in California." ... "“These bibs
are exposing children to lead in an unnecessary way,” said Caroline Cox,
research director at the Center for Environmental Health, a nonprofit agency
that for the last decade has been testing consumer products for lead, in
an effort to remove them from the market." ... "The bibs were imported
for Toys “R” Us by Hamco Baby Products, the same company that made the
bibs for Wal-Mart." ... "Toys “R” Us and Babies “R” Us are jointly controlled
by Kohlberg Kravis Roberts, Bain Capital and Vornado Realty Trust. Hamco
is a unit of Crown Crafts." -By Eric Lipton
-NYTimes
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