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
*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.
Lenovo to buy IBM's low-end server unit for $2.3 bln. Chinese PC maker Lenovo Group Ltd has agreed to buy International Business Machine Corp's low-end server business for $2.3 billion in what would be China's biggest technology deal. Microsoft seen reporting higher Q2 sales.
Thursday's midday movers:
*Lenovo to offer jobs to 7,500 IBM employees. BEIJING, Jan 23- Chinese PC maker Lenovo Group Ltd agreed to buy IBM Corp's low-end server business for $2.3 billion in what is set to be China's biggest technology deal.
*eBay rises after results, Icahn spin-off proposal. NEW YORK, Jan 23- U.S. stocks were set to open lower on Thursday, after disappointing manufacturing data in China and the latest round of corporate earnings failed to provide investors the impetus to push equities higher.
BEIJING, Jan 23- Lenovo Group Ltd has agreed to buy IBM Corp's low-end server business for $2.3 billion as the Chinese PC giant grabs another piece of the computing world in a long-awaited deal.
BEIJING, Jan 23- Lenovo Group Ltd has agreed to buy IBM Corp's server business for $2.3 billion as the Chinese PC giant grabs another piece of the computing world in a long-awaited deal.
BEIJING, Jan 23- Lenovo Group Ltd, the world's largest PC maker, agreed to buy IBM Corp's low-end server business in a long-awaited deal valued at about $2.3 billion, the biggest-ever tech acquisition by a Chinese company.
China's Lenovo is to buy IBM's x86 low-end server business in a deal valued at $2.3 billion.
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Lenovo is nearing an agreement to buy IBM's low-end server business for $2-2.5 billion, countering the shrinking personal computers market.
*Lenovo could pay between $2- 2.5 bln for IBM's unit. Jan 23- Lenovo Group Ltd is nearing an agreement to buy International Business Machines Corp's low-end server business for $2- 2.5 billion, a deal that would help the Chinese company counter the shrinking personal computers market, people familiar with the matter said.
Jan 22- Lenovo Group is close to an agreement to buy International Business Machines Corp's low-end server business, according to two people who are familiar with the matter. While the exact price could not be determined, Lenovo is expected to pay less than $2.5 billion for the unit, the sources said.
Jan 22- Japan's Fujitsu Ltd is considering buying International Business Machines Corp's low-end server business, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Fujitsu and IBM could not be reached for comment. Lenovo and IBM failed to reach an agreement last year over the business after differing on pricing.
Jay Srivatsa, Managing Director at Chardan Capital Markets discusses a potential IBM-Lenovo partnership and says that the technology sector is experiencing a sea change.
Jan 21- IBM missed revenue expectations for the fourth straight quarter as it grappled with weakening demand for servers and storage in emerging markets such as China. Particularly in China, the government-owned corporations that IBM relies on for a large chunk of revenue are putting the brakes on IT spending.
IBM earnings after the close are important. They've missed the last couple times, and traders say the company may be primed for a beat.
*Verizon, Travelers, JNJ climb in premarket after results. *Fellow Dow components Verizon Communications Inc gained 0.9 percent to $48.77 and Johnson& Johnson rose 0.6 percent to $95.61 after posting earnings.
*Lenovo resumes talks to buy IBM's low-end server unit. *Travelers Cos Inc gained 2.4 percent to $88.50 in light premarket trading after the insurance provider posted a more than three-fold rise in fourth-quarter profit. *Other Dow components due to report earnings on Tuesday include Verizon Communications Inc, Johnson& Johnson IBM.
BEIJING, Jan 21- Battling a perfect storm of government suspicion and pricing probes in China, U.S. technology companies are having to re-think how they sell hardware and services in the world's second-biggest economy.