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(This version of the December 18th story corrects chairman's last name to Hu in 11th, 14th and last paragraphs) By Sijia Jiang HONG KONG (Reuters) - Huawei Technologies [HWT.UL] on Tuesday said it would spend $2 billion over the next 5 years to focus on cybersecurity by adding more people and upgrading lab facilities, as it battles global concerns about risks associated with its network gear. The typically secretive Chinese technology giant made the comments at one of its most indepth press conferences at its Dongguan offices, after welcoming about two dozen international journalists into its new campus in the southern Chinese city. Huawei has been in the news these past weeks for the arrest of its chief financial officer Meng Wanzhou - also the daughter of its billionaire founder Ren Zhengfei - in Canada at the request of the United States.
This green industry could have investors seeing red next year.
Regional airline giant SkyWest will sell its money-losing subsidiary to a new joint venture that is part-owned by the No. 3 U.S. airline.