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Stock Market & Financial Investment News

News Breaks
February 12, 2014
08:49 EDTGA, LNVGYLenovo's Hony Capital in talks to join Giant Interactive buyout, Reuters says
The Chinese buyout firm Hony Capital, a private equity arm of Lenovo Group (LNVGY), is in advanced talks to join Baring Private Equity Asia consortium's $2.8B bid for online gaming company Giant Interactive (GA), reports Reuters, citing sources. Reference Link
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August 28, 2014
06:37 EDTLNVGYSamsung, Lenovo China supplier rejects child labor claims, Reuters says
HEG Technology, a China-based supplier for Samsung (SSNLF) and Lenovo (LNVGY), denied that it employed child workers and rejected claims from watchdog China Labor Watch which alleged that the supplier hired over 10 children under the age of 16 to work at its factory, according to Reuters, citing comments from an employee at HEG Technology's human resources department. Reference Link
06:32 EDTLNVGYSamsung, Lenovo hit with child labor allegations in China, FT says
Samsung (SSNLF) and Lenovo (LNVGY) are up against new child labor claims after a supplier in China, HEG Electronics, had supposedly employed over 10 children under the age of 16, according to the Financial Times, citing remarks from China Labor Watch. The news comes only one month after activists discovered evidence of child employees at another Chinese contractor used by Samsung. Reference Link
August 26, 2014
07:20 EDTLNVGYTablets seen declining, notebooks growing in 2014, DigiTimes says
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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
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

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