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Tag Archives: Lenovo

Lenovo Posts Huge loss

22-May-09

Lenovo Group, China’s biggest personal computer maker, posted its largest quarterly loss on record, largely because of weak demand for electronics. Lenovo’s net loss for the fourth quarter ended March 31 amounted to US$264M vs. a profit of US$140M year over year. The loss was wider than expected as analysts had forecasted a loss of [...]

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Overnight Market News – May 21, 2009

21-May-09

Standard & Poor’s Downgrades UK’s Rating Outlook to Negative from Stable on Concerns of Growing Debt Burden GMAC Llc to Receive Over USD 7B in US Government Aid for Auto Financing Fifth Third Bancorp Plans USD 750mm Stock Offer to Plug Capital Shortfall Computer-Maker, Lenovo Group Ltd Reports Record Fourth Quarter Net Loss of USD [...]

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