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China

Submission + - Chinese Programmer charged w/ Stealing Code from N->

wiredmikey writes: A Chinese computer programmer was arrested by U.S. authorities in New York on Wednesday, on charges that he stole proprietary source code while working on a project at the Federal Reserve Bank of New York.

The man arrested, Bo Zhang of New York, worked as a contract employee developing a specific portion of the GWA’s (Government-Wide Accounting and Reporting Program) source code at the Federal Reserve Bank of New York where the code is maintained.

The complaint alleges that in the summer of 2011, Zhang stole the GWA code,something he admitted to in July 2011. Zhang said that he used the GWA Code in connection with a private business he ran training individuals in computer programming.

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Businesses

Submission + - Eastman Kodak files for bankruptcy protection->

Snirt writes: "Following up on this story previously posted on Slashdot, it now appears that Eastman Kodak, the company that invented the hand-held camera, has filed for bankruptcy protection. The move, according to this Kodak news release , gives the company time to reorganize itself without facing its creditors, and Kodak said that it would mean business as normal for customers. The company has recently moved away from cameras to refocus on making printers to stem falling profits."
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