A strike at an IBM factory in China illustrates how shifts in the country's labor market are emboldening workers to take matters into their own hands.» Read More
China's Lenovo Group said third-quarter net income rose 29 percent from a year earlier, beating estimates as sales grew.
BEIJING, Feb 13- Lenovo Group Ltd's recent string of multi-billion-dollar acquisitions will have a negative impact on the Chinese personal computer maker's performance in the short term, Chief Executive Yang Yuanqing said on Thursday.
After Lenovo posted a 30 percent rise in third quarter profit, Pelham Smithers, MD & Partner at Pelham Smithers Associates, discusses the stock's valuations.
*Visit comes as IBM seeks to reverse China sales slump. *Visit is second by top IBM executive in four months. BEIJING, Feb 12- A slide in IBM Corp's sales in China amid a broad backlash against claims of U.S. government spying has triggered a rare visit to Beijing by Chief Executive Officer Ginni Rometty.
Taiwan's MediaTek Inc, the leading chip supplier for Chinese smartphones, is barreling into the U.S. market with a new major global branding campaign and setting up shop in San Diego, California, home to Qualcomm.
Some of the names on the move ahead of the open.
Japanese equities led the gains in Asia on the final trading day of the week on optimism ahead of January's U.S. jobs report.
HONG KONG, Feb 7- Internet search company Google Inc will own a 5.94 percent stake in China's Lenovo Group Ltd worth $750 million once Lenovo's deal to buy Google's Motorola handset division closes, according to a disclosure on the Hong Kong stock exchange. Google would take 618.3 million Lenovo shares at $1.213 per share, the stock exchange said late on Thursday.
An erroneous reading of a regulatory filing led to stories suggesting that Google had bought $750 million worth of Lenovo shares, Re/code reports.
*Hong Kong rises on short-covering. Feb 7- China shares fell on Friday in their first trading session of the new Lunar New Year, dragged down by Chinese financial and consumer stocks on further signs that the world's second-largest economy was losing momentum.
Internet company Google Inc bought a 5.94 percent stake in China's Lenovo Group last month for $750 million.
HONG KONG, Feb 7- Internet search company Google Inc bought a 5.94 percent stake in China's Lenovo Group Ltd last month for $750 million, according to a disclosure on the Hong Kong stock exchange. Google acquired 618.3 million Lenovo shares at $1.213 per share on Jan. 30, the stock exchange said late on Thursday.
Feb 5- A U.S. judge on Wednesday declared a mistrial in a lawsuit brought by private patent owner Intellectual Ventures against Google Inc's Motorola Mobility unit after jurors could not unanimously agree, according to an Intellectual Ventures statement.
Sony's plans to quit making personal computers after years of losses focus a spotlight on how it intends to fix its flagship TV division.
*Sony in talks to sell Vaio Japan business to fund- source. TOKYO, Feb 5- Sony Corp's plans to quit making personal computers after years of losses focus a spotlight on how it intends to fix a much bigger problem- a flagship TV division that has lost $7.5 billion over the last 10 years.
*HSI flat, H-shares -0.3 pct, China reopens Friday. *China cyclicals biggest drags, but Anhui Conch up. Feb 5- Hong Kong shares lingered at seven-month lows on Wednesday after benchmark indexes surrendered gains over the first hour of trade as a rebound proved short-lived with markets still jittery after a steep sell-off in recent sessions.
*Sony gains on talks to sell loss-making PC business. TOKYO, Feb 5- The Nikkei average climbed more than 1 percent on Wednesday, bouncing from a four-month low hit the previous day, as investors scooped up recently battered stocks like Panasonic and Toyota Motor following strong earnings results.
Investors ditched Lenovo shares as speculation of a third acquisition added to concerns about its aggressive dealmaking. The FT reports.
Sony shares jumped nearly 8 percent to a one-week high after news that it is in talks to sell its loss-making Vaio personal computer business.
Turnover faded after a robust morning session, with a good portion coming for Lenovo Group alone as its shares plunged 16.4 percent in its biggest one-day decline since January 2009. A series of brokers downgraded Lenovo's shares on fears recent deals would dilute earnings amid reports of another joint venture with Sony.