Committee on Foreign Investment

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Chinese Firm Sues Obama Over Blocked Wind Farm

Prez nixes project next to naval testing base

(Newser) - President Obama is being sued by a Chinese-owned company for blocking a wind-farm project on national security grounds. Ralls Corp's proposed wind farm next to a naval testing facility in Oregon is the first deal to be blocked by a president in 22 years, and the company's lawsuit... More »

3Com Sale Collapses on Security Concerns

Panel objects to Chinese tech company's role in deal

(Newser) - National security concerns have blocked the $2.2 billion sale of network-equipment maker 3Com Corp to US private equity firm Bain Capital Partners and a Chinese technology company, Reuters reports. Lawmakers had opposed the deal because Huawei, China's biggest network equipment maker, is purported to have ties to China’s... More »

3Com Buyout Doesn't Pass Security Review

US leery of giving Chinese telecom access to networks

(Newser) - National security concerns have scuttled the buyout deal for 3Com by private equity firm Bain Capital and a Chinese telecom, the Wall Street Journal reports. 3Com, which supplies networking services to the Defense Department, withdrew its application from the Committee on Foreign Investment in the US, having been unable to... More »

Russian Billionaire's Plans May Hold Up Chrysler Purchase

(Newser) - A Russian billionaire with possible mob ties plans to buy a major stake in the company that aims to purchase Chrysler. If aluminum magnate Oleg Deripaska  does buy the $1.54 billion stake in Magna International, the cash will come in handy for the Chrysler deal. But Oleg's shady past... More »

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