CNBC's Eunice Yoon reports that what happens at Foxconn is seen as a barometer for the tech industry.» Read More
CNBC's Eunice Yoon reports that what happens at Foxconn is seen as a barometer for the tech industry.
As Apple's sales outlook slows down, what happens to the tech giant's suppliers? CNBC's Eunice Yoon has more.
TAIPEI, March 25- Taiwan's Hon Hai Precision Industry posted a record net profit and lifted margins in the last quarter as it braced for a weaker performance from its biggest client, iPad maker Apple Inc..
HONG KONG, March 22- Hong Kong shares were set to open weaker on Friday with turnover likely compressed by festering fears Cyprus may default on its debt, adding to losses on the week as investors focus on a series of corporate earnings.
Abhey Lamba, Mizuho Securities analyst, weighs in on Foxconn's decision to "temporarily slow down" their recruitment process.
The "Squawk on the Street" news crew report on today's top business headlines; including new highs for the Dow, S&P, and Nasdaq; an unexpected decline in January housings starts; and Foxconn's hiring freeze, as the company cuts production of the iPhone 5. Also, CNBC's Andrew Ross Sorkin reports the OfficeMax/Office Depot deal may have been announced prematurely.
HONG KONG/SHANGHAI, Feb 18- Hong Kong shares fell in morning trade on Monday as investors reacted to signs of softening on mainland exchanges, which reopened Monday after the Chinese Spring Festival holiday week.
HONG KONG, Feb 1- Hong Kong shares could start higher on Friday, ahead of the release of data that is likely to show China's economy expanded at its fastest pace in nine months. IATA's members include major airlines such as Air France KLM, British Airways, Delta and Air China.
Asian shares were mixed on Thursday after manufacturing data from China confirmed a recovery was on track, easing nervousness caused by a sharp drop in Apple shares.
*Apple suppliers hit after tech giant's revenue miss. Weakness in mainland markets dragged on Hong Kong, with the Hang Seng Index down 0.2 percent to 23,598.9, pulling further away from chart resistance at about 23,708, the high on May 31, 2011.
*Apple suppliers tumble after Apple's revenue miss. HONG KONG, Jan 24- China shares surrendered strong early gains on Thursday, weighing on Hong Kong, after North Korea said it was proceeding with plans for more rocket launches and a nuclear test.
HONG KONG, Jan 24- Hong Kong shares look set to start lower on Thursday, ahead of a private preliminary survey of January manufacturing activity in China expected shortly after the market open.
One day last summer, Pu Xiaolan was halfway through a shift inspecting iPad cases when she received a beige wooden chair with white stripes and a high, sturdy back. The NYT reports.
President Ma Ying-jeou says Taiwan is now on the road to recovery, helped by a broadening of the country's trade and investment partnerships.
HONG KONG, Dec 14- Hong Kong shares are set to open slightly lower on Friday, but still poised to rise for the week and end near their highest level since last August as foreign investors pump money into China- related stocks. Elsewhere in Asia, Japan's Nikkei was down 0.5 percent while South Korea's Kospi was 0.6 percent lower as of 0040 GMT.
Chinese labor arbitrators have ruled against the father of a Foxconn worker brain-damaged in a factory accident in southern China.