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
CNBC's Jon Fortt reports Larry Page has confirmed Google will sell Motorola Mobility Unit to Lenovo for $2.91 billion.
NEW YORK, Jan 29- China's Lenovo Group is nearing a deal to buy Google Inc's Motorola handset division for close to $3 billion, people familiar with the matter told Reuters on Wednesday, buying its way into a heavily competitive U.S. handset market dominated by Apple Inc..
CNBC's Kayla Tausche reports Lenovo has neared a deal to buy Google's Motorola Mobility Unit for around $3 billion. CNBC's Herb Greenberg, Seema Mody, Jane Wells, and Eamon Javers weigh in.
*China cash rates creep higher ahead of Lunar New Year holiday. Jan 29- Hong Kong shares rebounded from a five-month low early on Wednesday, tracking a global rally after a big hike in Turkish interest rates halted a sell-off in emerging markets for now as investors covered short positions in the hardest hit counters.
A week after selling its server business unit to Lenovo, IBM is now exploring the sale some of its networking assets and may be seeking as much as a $1 billion.
Jan 28- Specialty glass maker Corning Inc warned that prices of LCD glass would decline further in the current quarter, raising concerns about growth in its display business. Instead of being down 2-3 percent in the quarter versus the prior quarter, it's probably going to be down twice that amount, "said analyst Steven Fox of Cross Research.
China's domestic 4G smartphone market is set for 1,500 percent growth in shipments this year, according to IHS Technology.
Global smartphone shipments climbed 38.4 percent last year, research firm IDC said.
Jan 28- Specialty glass maker Corning Inc said LCD glass prices would decline further in the current quarter, raising concerns about the growth prospects of its television display business, which brings in more than a third of the company's revenue. Corning's display technologies segment makes LCD panels for Sony Corp, LG and Lenovo Group.
Asian equity markets stabilized on Tuesday following two straight sessions of sharp losses but caution prevailed ahead of a Federal Reserve meeting.
*Apple suppliers sink after weaker-than-expected forecast. HONG KONG, Jan 28- Hong Kong shares lingered at five-month lows early on Tuesday, with mainland Chinese markets also sluggish as many investors remained jittery ahead of key central bank meetings in the United States and Turkey.
Second-tier smartphone markers are closing the gap on rival Apple, capturing a collective market share close to that of the iPhone maker in 2013.
BEIJING, Jan 28- Global smartphone shipments topped 1 billion units for first time in 2013, climbing 38.4 percent from the previous year to 1.004 billion units, research firm IDC said.
Steven Pelayo, Regional Head of Technology Research, Asia-Pacific at HSBC, says firms exposed to China's developing smartphone market will see higher relative growth.
SEOUL, Jan 28- Samsung Electronics Co Ltd sold a record 86 million smartphones in the fourth quarter and widened its lead over Apple Inc even after the U.S. firm reached a new iPhone sales high, data from research firm Strategy Analytics showed.
*China Coal Energy further roiled by profit warning. HONG KONG, Jan 27- Hong Kong shares slumped to their lowest in five months on Monday, tracking a broad selloff in Asia as emerging economies became a new worry on top of ones about liquidity and growth in China.
Jan 24- Apple Inc may notch its most successful holiday shopping season yet when it reports quarterly results on Monday, setting records for sales of its gift-friendly iPhones and iPads. Apple, which once routinely blew away Wall Street's most bullish expectations, needs a superb quarter to galvanize the stock.
HONG KONG, Jan 24- Hong Kong shares fell to their lowest close since Nov. 13 on Friday as worries about Chinese growth lingered the day after a disappointing manufacturing survey came out. The China Enterprises Index of the top Chinese listings in Hong Kong slid 0.9 percent for the day and fell 1.5 on the week.
Gene Cao, Senior Analyst at Forrester Research, says Lenovo is poised to be China's largest service provider, after acquiring IBM's low-end server business for 2.3 billion dollars.
*Shanghai shares rebound on bargain-hunting. *Hong Kong extends losses to 2- month low. Hong Kong shares, however, extended the previous day's weakness and fell to their lowest in more than two months as investors remained concerned over China's economic recovery after a disappointing manufacturing survey on Thursday.