Citigroup Inc.’s Singapore unit sued Hong Kong-based hedge fund manager Raghavendran Rajaraman, seeking to recoup $1.03 million in trading losses the bank says he incurred after gold fell from a record high in September.
Acer Inc., the world’s largest supplier of notebook computers, forecasts better-than-expected third quarter revenue, Chairman J.T. Wang said today in Taipei at the company’s annual shareholders’ meeting.
Advanced Micro Devices Inc. , Intel Corp.’s main competitor in computer processors, said third- quarter sales will be less than it had predicted, citing weaker demand for notebook computers in Europe and North America.
Nvidia Corp., a maker of graphics processors, fell the most in more than three months after its first-quarter sales forecast missed estimates, providing more evidence that hard-disk shortages are cutting into personal- computer production.