Monday, July 28, 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:
Hang Seng, Shanghai end higher (07-28 16:32)
Nissan profit surges in April-June period (07-28 15:47)
Australia approves India-backed mine (07-28 15:46)
European stocks open higher (07-28 15:21)
Nikkei reaches new six-month high (07-28 14:30)
Hang Seng gains at mid-day (07-28 12:25)
Nikkei up by break (07-28 10:50)
Nikkei opens lower (07-28 10:25)
Hong Kong stocks rise at open (07-28 10:21)
BSkyB to take over Italian, German pay TV networks (07-25 18:02)

More breaking news >>

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