Tuesday, September 2, 2014   

Lenovo shares fall 13pc
(02-04 12:08)

Shares in Chinese technology giant Lenovo slumped 13.82 percent in early Hong Kong trade Tuesday, after it agreed to buy struggling handset maker Motorola from Google for US$2.91 billion.
The firm dived to HK$8.67, extending a more than eight percent slump on Thursday before the market closed for the Lunar New year holiday. Wednesday's deal -- which came a week after Lenovo bought IBM's low-end server business for US$2.3 billion -- has spooked investors worried about Motorola's profitability. --AFP   
Other Business breaking news:
Alipay, Huawei to promote mobile fingerprint payment (09-01 18:19)
Sony founder nephew to head PlayStation unit (09-01 17:27)
Microsoft demanded to explain over monopoly accusations (09-01 17:15)
German machine-tool orders stagnate in July (09-01 16:29)
Novartis Japan admits concealing drug side effects (09-01 16:28)
Heineken says selling Mexican packaging business (09-01 16:27)
European stocks mixed at open (09-01 16:16)
Hang Seng, Shanghai finish higher (09-01 16:14)
Macau gaming revenue down in August (09-01 15:29)
Germany runs up surplus in first half (09-01 15:08)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.