Wednesday, March 4, 2015   

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:
European benchmarks advance (3 mins ago)
Australia reports weak growth (29 mins ago)
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Nuke group Areva reports 4.8b euros loss (1 hr 29 mins ago)
Nikkei closes lower (2 hrs 26 mins ago)
Nikkei drops (03-04 13:21)
Hang Seng lower at break (03-04 13:20)
Scorned Uber puts positive spin following ban in Japan (03-04 13:18)
India shares leap after rate cut (03-04 13:15)
(Mobile World Congress) BlackBerry unveils mid-market Leap phone (03-03 19:22)

More breaking news >>

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