Yang Yuanqing News
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Lenovo Group Ltd. Chief Executive Officer Yang Yuanqing took on personal loans to buy company shares in June, Chairman Liu Chuanzhi said in a conference call today. Yang’s investment displayed his confidence in the company and “a long term mentality,” Liu said.
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Lenovo Group Ltd. appointed Yang Yuanqing as chairman, according to a statement to the Hong Kong stock exchange today.
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Lenovo Group Ltd., the world’s second-biggest maker of personal computers, said Yahoo! Inc. co- founder Jerry Yang will join the board of directors as an observer amid its expansion into smartphones and tablets.
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BlackBerry shares jumped the most in more than a month after Lenovo Group Ltd.’s chief executive officer was quoted in a French financial newspaper as saying his company may eventually consider buying the smartphone maker.
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Executives and politicians comment on the death of Steve Jobs, the co-founder and former chief executive officer of Apple Inc.:
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Lenovo Group Ltd. said it hasn’t taken any action to assess BlackBerry as an acquisition after Les Echos newspaper reported the computer maker may consider buying the Canadian smartphone maker.
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Lenovo Group Ltd.’s smartphone business in China is about to turn its first profit, enabling the company to expand margins even while funding a handset push in emerging markets, Chief Executive Officer Yang Yuanqing said.
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Lenovo Group Ltd. Chief Executive Officer Yang Yuanqing is betting he’ll find customers willing to pay $1,699 to roll electronic dice and play digital Monopoly on a touch screen for four. Analysts aren’t yet convinced.
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Lenovo Group Ltd., the world’s second-largest personal computer maker, may offer smartphones running Microsoft Corp.’s Windows Phone 8 operating system to expand its range of handsets beyond Google Inc.’s Android.
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Canadian stocks rose to a 19-month high, erasing losses from earlier in the day, as energy companies rallied and BlackBerry surged on takeover speculation.
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