$100-PC from Lenovo soon
Singapore: Personal computer and notebook manufacturer, Lenovo will soon introduce its $100 PC, according to the company's president and CEO, William Amelio.

Amelio said that Lenovo would achieve this by undertaking radical cost-cutting measures.

He said it was possible to cut down the cost of PCs by half by offering customers basic machines, to which they could add on features as and when required.

He also said that Lenovo was always cutting down inventory by outsourcing components to `tier-2' suppliers.
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US profits rise 23 pc in Q3
Dallas: US companies earnings in the third quarter rose by an average 23 per cent led by Goldman Sachs Group and insurer Allstate.

Profit for members of the Standard & Poor's 500 index climbed more than 10 per cent for the 13th straight quarter, matching the longest streak since 1950.

After financial firms, telecommunications-services companies including AT&T and BellSouth had the third- largest increase, rising 35 per cent. Energy producers were the S&P 500's leaders in the second quarter, with 45 per cent earnings growth; in the third quarter, they posted a 29 per cent increase, ranking fourth.

The Dow Jones Industrial Average gained 4.7 per cent in the third quarter, its best quarterly performance since '04. The S&P 500 gained 5.2 per cent also its best showing since.
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