Saturday, November 29, 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:
US shoppers go in for the kill on 'Black Friday' (11-28 17:07)
European stocks open mixed (11-28 16:46)
EU gives time to rule-breaking France, Italy on budget (11-28 16:44)
Hang Seng ends flat (11-28 16:42)
Hang Seng dips in morning session (11-28 12:10)
Nikkei up by break (11-28 12:09)
Lackluster Japan data paints gloomy picture for Abenomics (11-28 11:40)
OPEC move to keep oil output target sparks price slump (11-28 11:33)
German labor market unfazed by economic weakness (11-27 18:52)
China Internet giants in tit-for-tat battle for users (11-27 18:28)

More breaking news >>

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