Steve Zhang, Senior Analyst, Macquarie discusses Lenovo's earnings report and plans for reaching into emerging markets.
China's Lenovo Group, on track to become the world's top maker of personal computers, reported a record quarterly profit, up by a third from a year earlier, as it gained more share in the PC market and made inroads in the smartphone business.
Asian stocks closed higher on Wednesday, with investors shifting their focus to corporate earnings in the region and the Federal Reserve's policy announcement later in the day.
The yen's steep decline has burnished the outlook for Japanese stocks, prompting analysts to raise profit forecasts for currency-sensitive exporters and foreign investors to plough $17 billion into the market.
Sharp may sell its Chinese TV assembly plant to Lenovo as the cash-strapped Japanese TV maker looks to sell assets to bolster its finances, sources said.
Some of the names on the move ahead of the open.
During the all-important holiday season, both personal computers and video games saw sharp declines in sales, with consumers migrating to tablet devices.
Apple's Chief Executive Tim Cook met with China Mobile's Chairman Xi Guohua to discuss "matters of cooperation," a China Mobile spokesman said.
Samsung Electronics is looking to supply chips to more Chinese and other emerging smartphone makers, the head of its system chip business said, to counter any fall-off in demand from Apple, which is weaning itself off Samsung chips used in its iPhones and iPads.
Michael Dell has lost of one of the key lieutenants he recruited to help him turn around his ailing computer company.
The Southern part of the United States has become a laboratory for new manufacturing jobs, with companies as diverse as Boeing, Starbucks and Lenovo racing into the region.
At the end of August, Apple seemed on top of the world. Fresh off a resounding $1.05 billion U.S. legal victory over arch-foe Samsung Electronics, the company was gearing up to launch its fifth iPhone. That was then.
Holiday shoppers with a tablet computer on their gift list this year might be forgiven for feeling a bit overwhelmed. This year, it's no so simple to make a choice.
What do people want for gifts? Cool stuff! Here are the 10 hottest gadgets retailers are stocking.
GDP growth is slowing in China, but some investors believe large cap stocks with exposure to the country are still safe bets.
Shares of Hewlett-Packard Co. are down 45 percent this year, and Dell Inc. has fallen 37 percent. Dell hasn't been this low since early 2009, when the market bottomed out following the financial crisis. It's bad news for investors in mutual funds that count HP or Dell among their biggest stock holdings.
*Research house IDC still ranks HP in the lead* Lenovo shares rise nearly 2 pct in Hong Kong trade* HP stock touches lowest level since October By Poornima Gupta and Lee Chyen Yee.
LONDON, Oct 11-* U.S. stock index futures pointed to a flat to higher open on Wall Street on Thursday, with futures for the S&P 500 rising 0.2 percent, the Dow Jones trading flat and the Nasdaq 100 gaining 0.3 percent.
Jamie Dimon speaks out, PC sales are in decline; U.S. sets tariffs on solar panels and Spain is downgraded by the S&P for the third time this year.
*Lenovo shares rise nearly 2 pct in Hong Kong trade. SAN FRANCISCO/ HONG KONG, Oct 11- China's Lenovo Group Ltd edged out Silicon Valley icon Hewlett-Packard Co to become the world's No. 1 PC maker in the third quarter, according to data released by research house Gartner on Wednesday.