Lenovo’s Profit Falls, But Tops Consensus
Lenovo Group’s net profit fell 54% in its fiscal second quarter due to a high base in the same period last year when market conditions were more favorable.
China Huarong to Buy Stake in Citic for Over $1.7 Billion
State-owned China Huarong Asset Management has agreed to buy a minority stake in another state-run conglomerate, Citic Ltd., for $1.75 billion.
Tata Technologies Plans Over $300 Million India IPO
Indian conglomerate Tata Group’s technology company will start testing investors’ appetite for its shares in a bid to raise up to $366.1 million through an initial public offering.
WuXi XDC Sets IPO Price at Top of End of Range
A unit of Chinese contract drugmaker Wuxi Biologics set its initial public offering price at the top end of its guided range, indicating strong demand in a choppy year for listings in Hong Kong.
Cisco Stock Tumbles on Weak Outlook
Cisco cut is outlook for the current quarter and its full fiscal year.
Palo Alto Posts Strong Earnings
Reports from Palo Alto and Cisco are going to raise new concerns about the strength of corporate IT spending.
UAW Workers at GM’s Largest Plant Back Labor Pact, Boosting Deal’s Chances
Majorities at several GM factories shot down the pact, creating a tighter vote than many expected.
Activist ValueAct Builds Stake in Disney
The investor bought shares over the summer, when Disney stock was languishing around $80 a share.
EY Picks Janet Truncale as Global Chair as Accounting Firm Looks Beyond Failed Split
The financial services executive will be the first woman to serve in the role.
IPO spinoff talk swirls around SpaceX’s Starlink
IPO spinoff talk is swirling around Starlink, the SpaceX-owned satellite internet constellation.
Source: Dow Jones Newswires