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Lenovo's Worst Week Since 2021 Highlights Fear Over US Sanctions

Lenovo's Worst Week Since 2021 Highlights Fear Over US Sanctions
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Analysts are super bearish on these 13 global stocks and expect them to sink

CNBC Pro screened over 3,330 large and mid-cap global equities and identified the 13 stocks that analysts are most bearish toward. ....

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Damage to India plant less than was reported: Wistron

Damage to India plant less than was reported: Wistron
By Angelica Oung / Staff reporter
Damage to its iPhone factory in the Indian state of Karnatakaia is much less than has been reported, Wistron Corp (緯創) said yesterday in a filing with the Taiwan Stock Exchange.
A “preliminary” assessment of the damage from Saturday’s riot was between NT$100 million and NT$200 million (US$3.51 million and US$7.03 million), not the NT$1.67 billion that the Times of India reported on Monday, the contract electronics manufacturer said.
“On the topic of the violent unrest at our Narasapura plant, we are doing our best to recover from and assess the damage. The main production equipment and warehouses have not been as seriously damaged as reported,” Wistron said. ....

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Apple Push Into India Dealt Setback as Protest Turns Violent

Apple Push Into India Dealt Setback as Protest Turns Violent
Bloomberg
12/15/2020
Debby Wu
© Photographer: Manjunath Kiran/AFP/Getty Images
Private security personnel guard the entrance of a Taiwanese-run iPhone factory at Narsapura.
(Bloomberg) Apple Inc.’s effort to expand the manufacturing of its products in India ran into trouble after workers at a supplier’s plant rioted over unpaid wages, with many arrested for violence and vandalism.
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Hundreds of workers stormed Wistron Corp.’s facility in the southern city of Kolar over the weekend, damaging the property and looting thousands of iPhones and laptops, according to local media. More than 150 people were arrested, the Times of India reported. ....

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Apple Push Into India Dealt Setback as Protest Turns to Violence

Apple Push Into India Dealt Setback as Protest Turns Violent
Bloomberg
12/15/2020
Debby Wu
© Photographer: Manjunath Kiran/AFP/Getty Images
Private security personnel guard the entrance of a Taiwanese-run iPhone factory at Narsapura.
(Bloomberg) Apple Inc.’s effort to expand the manufacturing of its products in India ran into trouble after workers at a supplier’s plant rioted over unpaid wages, with many arrested for violence and vandalism.
Popular Searches
Hundreds of workers stormed Wistron Corp.’s facility in the southern city of Kolar over the weekend, damaging the property and looting thousands of iPhones and laptops, according to local media. More than 150 people were arrested, the Times of India reported. ....

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