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Stock Market & Financial Investment News

News Breaks
June 4, 2014
06:31 EDTLNVGY, IBMLenovo to complete IBM server business acquisition by November, DigiTimes says
Lenovo (LNVGY) is set to complete its IBM (IBM) server business acquisition by November after it begins transitioning in July, reports DigiTimes. According to sources from the upstream supply chain, The acquisition is expected to increase Lenovo enterprise business' annual revenues to $5B and account for 10% of the company's total revenues in one year. Reference Link
News For LNVGY;IBM From The Last 14 Days
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September 2, 2014
21:05 EDTLNVGYLenovo Group management to meet with JPMorgan
Meeting to be held in Toronto on September 5 hosted by JPMorgan.
August 31, 2014
13:27 EDTIBMAT&T to hold a conference
16th Annual AT&T Cyber Security Conference will be held in New York on September 3-4 with webcast availability on September 4 at 9 am; Webcast Link
August 29, 2014
06:38 EDTIBMFord, IBM 12-year apartheid case granted dismissal, Reuters says
U.S. District Judge Shira Scheindlin granted Ford (F) and IBM (IBM) dismissal of a 12-year case which accused the companies of backing human rights abuses in South Africa during the apartheid-era, according to Reuters, citing comments from Scheindlin. The judge decided that the lawsuit does not belong in the U.S. court system. Reference Link
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 27, 2014
08:01 EDTIBMIBM, Monitise form global go-to-market and resourcing alliance
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August 26, 2014
09:07 EDTIBMIBM launches first SoftLayer data center in Australia
IBM announced that SoftLayer, an IBM company, plans to launch its first Australian data center in Melbourne in September. It will be the latest of 15 new data centers that IBM plans to open as part of a $1.2B dollar global investment to strengthen and extend its cloud services in Asia Pacific and around the world. .
08:12 EDTIBMIBM selected by Davich Optical to expand global business
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07:20 EDTLNVGYTablets seen declining, notebooks growing in 2014, DigiTimes says
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August 22, 2014
07:08 EDTIBMIBM says China bank server business still alive, China Daily reports
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August 21, 2014
11:44 EDTLNVGY, IBMHP hits 52-week high after solid revenue growth, positive analyst commentary
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09:03 EDTIBMIBM cloud technology selected by Wespac
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09:02 EDTIBMIBM's private cloud resilence services selected by Ujjivan Financial
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09:01 EDTIBMIBM partners with Veda
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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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