Abe, Son on Time’s most influential list

He was lauded for his vision and bold investment style by Dara Khosrowshahi, CEO of U.S. ride-hailing company Uber Technologies Inc., in which SoftBank Group has invested. Son is one of “a few rare people” who are “accelerators” of society, Khosrowshahi said. Students from Florida, who are calling …

Jiji Press NEW YORK (Jiji Press) — Prime Minister Shinzo Abe and Masayoshi Son, leader of internet and telecommunications conglomerate SoftBank Group Corp., are among the 100 most influential people in the world for 2018, selected by U.S. magazine Time.

Abe, chosen in the “leaders” category, is on the annual Time list for the first time in four years.

Also in the category are U.S. President Donald Trump, Chinese President Xi Jinping and North Korean leader Kim Jong Un, according to the 2018 list, announced on Thursday.

“Shinzo Abe’s confident and dynamic leadership has revived Japan’s economy and prospects,” Australian Prime Minister Malcolm Turnbull said in an article contributed to the magazine.

Abe is “both resilient and pragmatic, recognizing that the prosperity and security of our region depends on maintaining and developing the rules-based international order,” Turnbull added.

Son, SoftBank chairman and chief executive officer, was selected in the “titans” category. He was lauded for his vision and bold investment style by Dara Khosrowshahi, CEO of U.S. ride-hailing company Uber Technologies Inc., in which SoftBank Group has invested.

Son is one of “a few rare people” who are “accelerators” of society, Khosrowshahi said.

Students from Florida, who are calling for gun control following a shooting rampage at a high school in the U.S. state in February that killed 17 people, made Time’s list in the “pioneers” category.

Speech

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Study Warns Chinese Electronics Make US Vulnerable to Espionage, Cyber Attack

One section discusses Russia-based cybersecurity firm Kaspersky Labs, whose products the U.S. government banned after ties were discovered between the company and Russian intelligence, and Kaspersky anti-virus software was exploited by the Russian government to steal data from an NSA …

A study commissioned by the U.S.-China Economic and Security Review Commission warns that the U.S. federal government is highly vulnerable to espionage or cyber attack due to its dependence on Chinese electronics and computer software.

The study concerns “supply chain risk management,” which essentially means making the U.S. government less dependent on cheap electronic products from potentially hostile countries.

“The supply chain threat to U.S. national security stems from products produced, manufactured, or assembled by entities that owned, directed, or subsidized by national governments or entities known to pose a potential supply chain or intelligence threat to the United States, including China,” as the report puts it.

Such products could be modified to perform poorly, create security vulnerabilities for foreign intelligence and espionage teams, or compromise the security of federal information technology systems in a variety of ways. The report anticipates the threat will become much worse with the adoption of new networking technology such as the ultra-high-speed 5G mobile network and “Internet of Things” smart devices.

The report notes that China achieved its key position in the information and communications technology supply chain very deliberately, as a matter of state national security policy, strong-arming and looting foreign companies to obtain the technology it desired.

“New policies requiring companies to surrender source code, store data on servers based in China, invest in Chinese companies, and allow the Chinese government to conduct security audits on their products open federal ICT providers – and the federal ICT networks they supply – to Chinese cyber espionage efforts and intellectual property theft,” cautions the report.

“China also continues to target U.S. government contractors and other private sector entities as part of its efforts to gain economic advantage and pursue other state goals,” it adds.

The report notes that tracing the supply line for electronic components is very difficult, as components can flow across national borders during various stages of production. Completed electronic items can then bounce between distribution centers in different countries before landing in retail stores or arriving at government IT departments. Every link in these incredibly complex supply chains could introduce security vulnerabilities, or become a pressure point for an aggressor like China seeking to interrupt the U.S. supply of essential information technology.

To put this advisory another way, if China has deliberately created security vulnerabilities in some electronic components, there is almost no way to tell which devices will be at risk of security penetration or orchestrated failure on the day Beijing decides to exploit those vulnerabilities. On a less apocalyptic scale, China can exert tremendous influence over foreign companies by threatening to shut down their supply of essential components.

In a grim twist, the report notes that China used the disclosure of classified American documents by Edward Snowden in 2013 to argue that American technology firms were sinister agents of influence that had “seamlessly penetrated” Chinese society. These allegations were then used as an excuse to bully American tech companies and develop the supply chain influence that makes China such a threat to U.S. information security today.

China is not just using draconian regulations to hamper foreign competition, steal their trade secrets, and give Chinese firms a competitive advantage. China’s regulations force American companies to “surrender source code, proprietary business information, and security information to the Chinese government,” which makes them vulnerable to “Chinese cyber espionage efforts.”

This vulnerability is not purely theoretical. The report recalls that 34 U.S. companies were hit by Chinese cyber attacks in 2010 that appear to have exploited flaws in the Microsoft Internet Explorer, whose source code was surrendered to the Chinese government in 2003. The 2010 attack wave was, in turn, designed to steal source code from the targeted companies.

Since those very same companies are major providers to the U.S. federal government, those vulnerabilities are passed along to Uncle Sam like a contagious disease. The companies attacked in 2010 included Google, Adobe, Yahoo, and Northrop Grumman, all major providers to the federal government.

The report is not exclusively focused on China. One section discusses Russia-based cybersecurity firm Kaspersky Labs, whose products the U.S. government banned after ties were discovered between the company and Russian intelligence, and Kaspersky anti-virus software was exploited by the Russian government to steal data from an NSA contractor’s computer. Government-connected firms in Israel are more vaguely described as a potential danger to the information technology supply chain.

As for recommendations moving forward, the report somewhat glumly concedes that changing the information technology supply chain is basically impossible at this point, so the U.S. government is best advised to centralize risk management efforts, demand greater transparency from providers, do what it can to reduce dependency on problematic sources like China, clean up the “conflicting and confusing laws and regulations” currently governing risk management, and use the appropriations process to ensure that only projects with high-security standards are funded.

“They are doing it. We’re not even making it difficult right now,” chief executive Jennifer Bisceglie of study authors Interos Solutions told the Washington Post, referring to Chinese efforts to “seed U.S. government offices with spyware and electronic back doors.”

“The problem is growing in magnitude. We don’t have a plan to address China’s increasing role on the world stage and its plan to dominate ICT,” Michael Wessel of the U.S.-China Economic and Security Review Commission added.

To be brutally honest, the recommendations at the end of the Interos Solutions study do not seem equal to the magnitude of the dangers described in the preceding pages. If China secures the dominant position it desires in next-generation technologies like 5G wireless and artificial intelligence, there might never be a way to reach an acceptable level of data security and supply chain protection.

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Qualcomm is laying off more than 1500 people

But Broadcom officially gave up on the attempted takeover last month, days after President Donald Trump blocked the deal over national security concerns. His administration said it was concerned the takeover would hinder Qualcomm’s 5G research and development and also delay the deployment of a …
Kudlow on what a trade war looks like: 'I don't know. You tell me.'
Kudlow on what a trade war looks like: ‘I don’t know. You tell me.’

Qualcomm is axing more than 1,500 jobs across California and an undisclosed number in other parts of the United States and around the world.

The San Diego-based chipmaker says the cuts are part of a $1 billion cost-reduction plan that it announced in January.

A company spokesperson said the layoffs include full- and part-time employees. Documents filed with California’s Employment Development Department identify 289 layoffs in San Jose and 1,231 in San Diego.

“We concluded that a workforce reduction is needed to support long-term growth and success, which will ultimately benefit all our stakeholders,” the spokesperson said in a statement.

Qualcomm(QCOM) declined to say how many people it currently employs or how many people it’s laying off outside California. It had 33,800 employees worldwide as of September, according to its website.

Related: China is holding up a $44 billion US tech deal

The chipmaker, whose technology is widely used by smartphone makers, was recently the subject of a $117 billion bid from its rival Broadcom(AVGO).

But Broadcom officially gave up on the attempted takeover last month, days after President Donald Trump blocked the deal over national security concerns. His administration said it was concerned the takeover would hinder Qualcomm’s 5G research and development and also delay the deployment of a 5G wireless network in the United States, giving Chinese competitors an advantage.

Qualcomm is facing difficulties related to China at a time of escalating trade tensions between Beijing and Washington.

The Chinese government is holding up Qualcomm’s proposed $44 billion takeover of NXP Semiconductors(NXPI), citing antitrust issues. On Thursday, Qualcomm and NXP announced they would extend the deadline for completing the deal to July 25.

Earlier this week, the US government banned Chinese tech company ZTE from buying technology from American companies for seven years. ZTE is a major Qualcomm customer that uses the US firm’s chips in its smartphones.

CNNMoney (San Francisco) First published April 19, 2018: 10:35 PM ET

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On May, 1 Martin Marietta Materials, Inc. (MLM) Analysts See $0.47 EPS

Lodge Hill Capital Ltd reported 299,810 shs stake. Comerica Bancorp holds 0.03% of its capital in Martin Marietta Materials, Inc. (NYSE:MLM) for 19,235 shs. 2,402 are held by Sfmg. 439,487 are owned by Confluence Mngmt Limited Company. Colony Gru Limited Liability Corporation accumulated …

April 19, 2018 – By Margaret Staats

Martin Marietta Materials, Inc. (NYSE:MLM) Corporate Logo
Big Money Sentiment increased to 1.29 in Q4 2017. It has change of 0.01, from 2017Q3’s 1.28. The ratio increased due to Martin Marietta Materials, Inc. positioning: 46 sold and 129 reduced. 57 funds took positions and 168 increased positions. Investors holded 59.73 million in 2017Q3 but now own 60.08 million shares or 0.57% more.

Great West Life Assurance Company Can holds 46,169 shs. Lodge Hill Capital Ltd reported 299,810 shs stake. Comerica Bancorp holds 0.03% of its capital in Martin Marietta Materials, Inc. (NYSE:MLM) for 19,235 shs. 2,402 are held by Sfmg. 439,487 are owned by Confluence Mngmt Limited Company. Colony Gru Limited Liability Corporation accumulated 1,084 shs or 0.02% of the stock. Da Davidson invested in 8,646 shs or 0.04% of the stock. Bessemer has invested 0.01% in Martin Marietta Materials, Inc. (NYSE:MLM). Caxton Associates Lp reported 150,000 shs stake. Central National Bank & Trust & Tru Communication holds 396 shs or 0.02% of its capital. Dekabank Deutsche Girozentrale stated it has 0.01% in Martin Marietta Materials, Inc. (NYSE:MLM). Ameriprise Fincl invested 0.03% of its capital in Martin Marietta Materials, Inc. (NYSE:MLM). Goelzer Mgmt reported 955 shs or 0.02% of all its holdings. Proshare Advsrs Ltd invested in 0.02% or 12,827 shs. Ngam Limited Partnership has invested 0.03% in Martin Marietta Materials, Inc. (NYSE:MLM).

Martin Marietta Materials, Inc. had 2 sales and 0 insider purchases since February 14, 2018. This’s net activity of $1.27 million. 3,000 shs were sold by COLE SUE W, worth $630,191.

On May, 1 is expected Martin Marietta Materials, Inc. (NYSE:MLM)’s earnings report, according to Faxor. Last year’s EPS was $0.67, while now analysts expect change of 29.85 % down from current $0.47 EPS. MLM’s profit could hit $29.52M if the current EPS of $0.47 is accurate. After $1.88 EPS report last quarter, Wall Street now forecasts -75.00 % negative EPS growth of Martin Marietta Materials, Inc.. The stock decreased 2.64% or $5.37 during the last trading session, touching $198.17.Martin Marietta Materials, Inc. has volume of 435,385 shares. Since April 20, 2017 MLM has declined 0.78% and is downtrending. MLM underperformed by 12.33% the S&P500.

Martin Marietta Materials, Inc. (NYSE:MLM) Ratings Coverage

Total analysts of 7 have positions in Martin Marietta Materials (NYSE:MLM) as follows: 4 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 57%. Since October 26, 2017 according to StockzIntelligence Inc Martin Marietta Materials has 11 analyst reports. On Wednesday, January 3 the firm earned “Hold” rating by Stephens. On Thursday, January 25 the firm has “Buy” rating by Citigroup given. On Thursday, October 26 the rating was maintained by SunTrust with “Buy”. On Friday, April 13 the rating was maintained by Stephens with “Hold”. On Monday, February 12 the stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by SunTrust. On Tuesday, February 13 Jefferies maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating. Jefferies has “Buy” rating and $256.0 target. On Tuesday, December 12 the stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Hold” rating by Barclays Capital. On Friday, February 23 the firm earned “Hold” rating by Stephens. The company rating was maintained by Jefferies on Wednesday, January 17.

Martin Marietta Materials, Inc., together with its subsidiaries, supplies aggregates products and heavy building materials for the construction industry in the United States and internationally.The firm is worth $12.45 billion. The firm mines, processes, and sells granite, limestone, sand, gravel, and other aggregate products for use in the public infrastructure, and nonresidential and residential construction industries, as well as in the agriculture, railroad ballast, chemical, and other applications.17.62 is the P/E ratio. It also offers asphalt products, ready mixed concrete, and road paving construction services; and produces Portland and specialty cements for use in infrastructure projects, and nonresidential and residential construction, as well as in the railroad, agricultural, utility, and environmental industries.

Martin Marietta Materials, Inc. (NYSE:MLM) Institutional Investors Chart

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H-1B visa: Group sues federal government for…

At Cognizant, Tata and Infosys, for example, the number of bachelor’s degree holders was more than triple the number of those with master’s degrees, the data indicate. While the average pay for outsourcing companies’ H-1Bs in 2017 ranged from $74,000 at Tata to $86,000 at Infosys, those at the tech …

A group dedicated to cutting the number of immigrants to the United States has sued the federal government, demanding information about companies and workers using the controversial H-1B visa.

The Federation for American Immigration Reform (FAIR) claims that U.S. Citizenship and Immigration has refused to provide the data as required under federal access-to-information law. The lawsuit was filed by a FAIR partner organization, The Immigration Reform Law Institute.

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FAIR and the IRLI are seeking records related to the top 20 H-1B employers and top 100 non-profits using H-1B workers. They want data on visa-approval rates for each firm or organization, plus workplace locations, lowest wages paid to visa holders, and the skill level of each employee.

The H-1B is intended for jobs requiring specialized skills and a bachelor’s degree or higher. The visa has become a flashpoint in the immigration debate. Critics point to alleged abuses and claim the work permit is used to take jobs from American workers, as well as causing other ills.

“While H-1B employers are required to pay foreign workers at market value, the fact is that flooding the labor market serves to drive down wages and limit opportunities for American workers,” IRLI executive director Dale Wilcox said in a statement.

Citizenship and Immigration said it does not comment on litigation. The lawsuit was filed in U.S. District Court in Washington, D.C. on April 13.

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Bay Area burned home sells for close to a million, #MeToo scandal hits major Silicon Valley philanthropy nonprofit and Warriors’ Kerr comments on death of Erin Popovich are some of today’s Current stories.

Major tech firms have argued strenuously for expansion of the H-1B program. FWD.us, which counts among its founders Facebook CEO Mark Zuckerberg and Microsoft co-founder Bill Gates, said this month that the annual cap of 85,000 H-1B visas “means that talented individuals who would otherwise be helping to grow our economy are kept out of our country – and that the U.S. loses out on the creation of American jobs, rising wages, and economic growth.”

Outsourcing companies that supply foreign workers to U.S. companies dominated the top 20 H-1B firms in 2017, federal data show, but a number of Silicon Valley tech giants made the list, including Google, Intel, Apple, Cisco and Facebook.

Data from Citizenship and Immigration indicate that the tech companies use the visa to obtain workers who are generally better educated and more highly paid than those brought in by outsourcing companies.

In 2017, the number of workers with master’s degrees or PhDs brought in by Google under the H-1B was nearly triple the number of those it brought in who had bachelor’s degrees, and other Silicon Valley tech companies’ H-1B visas were used for many more higher-degree holders than for workers with bachelor’s degrees, according to the federal data.

Among the outsourcing firms, the proportions were largely reversed. At Cognizant, Tata and Infosys, for example, the number of bachelor’s degree holders was more than triple the number of those with master’s degrees, the data indicate.

While the average pay for outsourcing companies’ H-1Bs in 2017 ranged from $74,000 at Tata to $86,000 at Infosys, those at the tech firms were averaging $105,000 at Intel up to $134,000 at Google and $143,000 at Apple.

FAIR includes in its mission the reduction of overall immigration numbers to the United States, along with “a greater focus on highly skilled immigrants.”

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