Western tech companies like International Business Machines Corp. (IBM) - Get Report , SAP SE (SAP) - Get Report , and Cisco Systems Inc. (CSCO) - Get Report are acquiescing to Russian demands that they reveal sensitive source code to officials in Moscow in order to gain access to markets in the country.
The Russians want the source code for products such as firewalls and antivirus programs. The Russians take the precaution to ensure that foreign spyware has not been embedded in the software.
However, there are also concerns that the Russians could use what they find in the source code to find vulnerabilities in the system at a time when the U.S. has accused the country of attempting to hack the U.S. election.
What's Hot On TheStreet:
Well OK then, Jeff Immelt: General Electric's GE outgoing CEO Jeff Immelt had some choice things to say at an event in NYC on Thursday night, TheStreet's Kinsey Grant reports. First, Immelt revealed a possibly fatal management mistake Kroger's KR CEO might have made about Amazon AMZN who as we all know, just inked a $13.7 billion deal for organic grocer Whole Foods WFM . Immelt then took a jab at Hillary Clinton and Barack Obama for not visiting factories in their push to lift manufacturing wages. Talk about a well-paid boss going down swinging.
Why Sears Canada is dying: Sears Canada SRSC has one foot in the grave just like its ailing U.S. friend Sears Holdings Corp. SHLD . Unfortunately for Sears Canada, it's that friend across the boarder that has played a large role in its demise, TheStreet's Michelle Lodge reports. Sears has sucked badly needed cash away from Sears Canada through the years, leaving it unable to upgrade stores and do other things to compete effectively in the always challenging Canadian retail market.
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