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China's Lenovo claims top spot for consumer PCs

Chinese computer maker Lenovo Group said it had become the global market leader in consumer and notebook personal computers, as it posted a 13 percent rise in second-quarter net profit.

Panasonic's red ink grows, forecasts loss for year

(AP)—Panasonic Corp.'s losses ballooned to 698 billion yen ($8.7 billion) for the fiscal second quarter as sales plunged in flat-panel TVs, laptops and other gadgets, and restructuring costs to turn itself around were proving ...

Samsung sees 10 percent growth in PC sales

(AP)—Samsung Electronics Co. said Wednesday it expects 10 percent growth in PC sales by volume this year as it bets on new PCs that are hybrids of laptops and tablets to lift sluggish PC demand.

Cisco elevates 2 execs to president role

(AP)—Cisco Systems Inc. hasn't had a president since CEO John Chambers gave up the title in 2006. Now, as the San Jose, Calif., company thinks about a successor to the long-serving CEO, it's appointing two presidents—twice ...

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