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Stock Market & Financial Investment News

News Breaks
March 25, 2014
07:40 EDTBBRY, LNVGYBlackBerry was blocked by Canada from selling itself to Lenovo, CBC says
BlackBerry (BBRY) tried to sell itself to Lenovo (LNVGY) last year, but was told by Canada's government that either Chinese or Russian investment would be met with stiff opposition so the company abandoned the sale, according to CBC News. However, BlackBerry received a crucial remission order from the government that allowed for a $696M early payment of part of its tax refund, the report noted. Reference Link
News For BBRY;LNVGY From The Last 14 Days
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August 21, 2014
11:44 EDTLNVGYHP hits 52-week high after solid revenue growth, positive analyst commentary
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August 20, 2014
11:50 EDTBBRYStocks with call strike movement; PBR BBRY
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06:12 EDTLNVGYLenovo to decrease notebook production outsourcing, DigiTimes reports
Lenovo plans to reduce notebook outsourcing as it raises in-house notebook production in 2015, reports DigiTimes. Citing Taiwan-based supply chain makers based on Lenovo's requests for quotation for 2015, total outsourcing orders will decrease by over 3M units on year and the correpsonding proportion of targets is expected to slip to 40% from 50%. Reference Link
August 18, 2014
10:52 EDTBBRYBlackBerry announces new technology unit
BlackBerry announced that it has named Sandeep Chennakeshu to lead a new business unit to be called BlackBerry Technology Solutions, or BTS. The BTS business unit comprises BlackBerry's technology assets, including QNX, Project Ion, Certicom and Paratek as well as BlackBerry's patent portfolio. Blackberry CEO John Chen said, "Combining all these assets into a single business unit led by Sandeep will create operational synergies and new revenue streams, furthering our turnaround strategy."
August 15, 2014
16:10 EDTLNVGYIBM issues statement on U.S. regulatory approval of x86 server sale to Lenovo
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August 14, 2014
06:19 EDTLNVGYLenovo sees opportunities outside of China for smartphone business, WSJ reports
Lenovo CEO Yang Yuanqing tells the Wall Street Journal that although that China is still the most important market for its smartphone business, the company sees additional opportunities outside China. Reference Link
August 13, 2014
21:13 EDTLNVGYLenovo Group reports Q1 EPS $2.03 vs. $1.65 last year
Reports Q1 revenue $10.4B vs. $8.79B last year. Lenovo said it maintained its number three ranking in smart connected devices growing shipments by 28% year-over-year. It has been the world’s largest PC maker for five consecutive quarters with its highest-ever quarterly market share of 19.4% up 2.7 points year-over-year.
August 11, 2014
08:30 EDTLNVGYLenovo Group management to meet with JPMorgan
Meetings to be held in New York on August 14-15 hosted by JPMorgan.

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