Chinese solar manufacturers rallied in New York, led by Suntech Power Holdings Co., on a report that billionaire Warren Buffett may be interested in buying the company forced into bankruptcy after defaulting on debt.
Chinese equities retreated from a one-week high in New York, led by LDK Solar Co., after the world’s second-largest wafer maker cut its sales forecast this year on expectations global demand is faltering.
Jabil Circuit Inc. fell the most in more than a year after reporting profit that missed analysts’ estimates, a sign that higher spending to manufacture casings for Apple Inc.’s iPhone 5 is crimping margins.
Nokia Oyj’s board has stayed in the background as the company’s shares plummeted 67 percent in the three years since Apple Inc. started selling the iPhone. Pressure has been building on directors to act.
Eastman Kodak Co. , the 130-year-old company that popularized film photography, is trying to gain ground lost in the digital revolution by using its collection of patents to target Apple Inc. and Research In Motion Ltd.