ZTE Corp

Following reports that he’d lifted early sanctions posing an existential threat to ZTE, U.S. Commerce Secretary Wilbur Ross confirmed Thursday on CNBC he’s struck a deal with the Chinese telecom company involving a $1 billion fine and $400 million in escrow. Ross had been exploring...

Optical stocks jumped Monday following a weekend tweet from President Donald Trump indicating a reversal of last month’s move to ban American companies from doing business with China’s ZTE Corp. President Xi of China, and I, are working together to give massive Chinese phone company,...