- The U.S. has charged five Chinese military officers for hacking into American nuclear, metal and solar companies to steal trade secrets.
- Companies that the suspects targeted include Alcoa (AA), Allegheny Technologies (ATI), United States Steel (X), Toshiba (TOSBF) unit Westinghouse Electric, the U.S. operations of SolarWorld (SRWRD), and a steel workers' union.
- Officials said the firms suffered "significant" losses, although they declined to provide details.
- Alcoa said that to its knowledge, "no material information was compromised."
- The U.S. probably won't be able to prosecute the officers, as China is unlikely to hand them over.
- The charges come amid long-running tension between the U.S. and China over cyber-espionage. Documents leaked by Edward Snowden show that the U.S. has tampered with Cisco-made equipment that was for sales overseas.
at CNBC.com (Nov 18, 2014)