SYDNEY (MarketWatch) -- Chinese telecom
-gear firms pose a security threat to the U.S., according to a draft of a U.S. House of Representatives Intelligence Committee leaders report to be released Monday, Reuters reported. In an 11-month probe of Huawei Technology Co. and ZTE Corp. both firms failed to provide enough information to allay the committee's security concerns, according to the report. The firms "cannot be trusted to be free of foreign state influence," the draft committee report said, according to Reuters.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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