Drug Safety Settlement

A Ranbaxy office building is pictured in the northern Indian city of Mohali May 14, 2013. Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the U.S. government. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. REUTERS/Ajay Verma (INDIA - Tags: HEALTH BUSINESS)

Daiichi Sankyo says it was misled over Ranbaxy U.S. probes

Japanese drugmaker Daiichi Sankyo Co, which bought control of Ranbaxy Laboratories in 2008, said it believes unnamed former shareholders of the company hid information regarding U.S. regulatory probes into Ranbaxy.  Full Article 

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Lenovo to grow profit 20-30 pct in next few years: CFO

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Lenovo CFO Wong Wai-ming attends Reuters China Investment Summit in Hong Kong November 14, 2011. REUTERS/Bobby Yip/Files

Lenovo CFO Wong Wai-ming attends Reuters China Investment Summit in Hong Kong November 14, 2011.

Credit: Reuters/Bobby Yip/Files

NEW DELHI | Wed Jan 30, 2013 7:11pm IST

NEW DELHI (Reuters) - China's Lenovo Group Ltd aims to increase net profit by 20-30 percent in the next few years, Chief Financial Officer Wong Wai Ming told reporters in New Delhi on Wednesday, without giving details.

Lenovo, on track to become the world's top personal computer maker, earlier reported a record profit for the December quarter, up by a third from the year earlier.

Growing market share in the PC market helped Lenovo as it made inroads in the smartphone business.

(Reporting by Devidutta Tripathy in New Delhi; Editing by Anand Basu)
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