Wednesday, October 1, 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:
China eases home purchase restriction (09-30 18:12)
Eurozone inflation drops, unemployment steady (09-30 17:54)
Apple to launch iPhone 6 in China from October 17 (09-30 17:38)
German unemployment rate steady in September: official data (09-30 16:44)
Hang Seng plunges ahead of holidays (09-30 16:36)
French public debt over 2.0 trillion euros for first time: data (09-30 14:59)
German retail sales climb in August (09-30 14:25)
China September PMI misses estimate: HSBC (09-30 14:05)
China clears way for Apple iPhone 6 sales: regulator (09-30 13:50)
Hang Seng falls by lunch (09-30 12:27)

More breaking news >>

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