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*Lenovo says will buy Motorola smartphone unit from Google. BEIJING, Jan 30- Lenovo Group, the Chinese technology company that earns about 80 percent of its revenue from personal computers, is betting it can also be a challenger to Samsung Electronics Co Ltd and Apple Inc in the smartphone market.
Investors were unimpressed, wiping $1.2 billion from the value of Nintendo's Tokyo- traded shares in little more than 30 minutes on Thursday, as CEO Satoru Iwata made his pitch for a "non-wearable" project in 2015 to help users stay healthy.
Wong Waiming, CFO, Lenovo, explains how the firm plans to benefit from Motorola's market exposure and licensing agreements.
In response to Lenovo's acquisition of Motorola's handset unit, Steve Zhang, Research Analyst at Macquarie, describes how both Lenovo and Google stand to lose from the deal.
*Hong Kong indexes have biggest monthly loss since June. Jan 30- Hong Kong shares ended January near a five-month low, as risk appetites were reduced on Thursday by the U.S. The Hang Seng Index ended down 0.5 percent at 22,035.4 points, while the China Enterprises Index of the top Chinese listings in Hong Kong sank 0.8 percent.
NEW YORK/ SAN FRANCISCO, Jan 29- Lenovo Group said on Wednesday it agreed to buy Google Inc's Motorola handset division for $2.91 billion, in what is China's largest-ever tech deal as Lenovo buys its way into a heavily competitive U.S. handset market dominated by Apple Inc. Lenovo last week said it would buy IBM's low-end server business for $2.3 billion.
Google is selling Motorola Mobility's smartphone business to Lenovo Group for $2.9 billion.
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.