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Lenovo’s CEO vows to hit online sales target, or quit

Bloomberg Lenovo Group Ltd.’s Yang Yuanqing asked for patience as he tries to get China’s top PC maker growing once more, but for the first time publicly vowed to step down as chairman and chief executive if he doesn’t deliver on a critical sales goal. Yang, who helped grow Lenovo into the world’s largest PC maker but also orchestrated the ...

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Japan returns to trade surplus in June over export growth

Bloomberg Japanese trade returned to surplus in June, with both imports and exports continuing the strong growth they have had all year. Exports rose 9.7% from a year earlier (estimate 9.5%). Imports increased 15.5% (estimate 14.4% ). The trade surplus was 439.9 billion yen (estimate +488 billion yen). The nation’s modest economic recovery reflected in the trade data and the ...

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SAP lifts sales outlook, buying back stock on cloud growth

Bloomberg Software giant SAP SE raised its annual revenue outlook and said it would buy back up to a half billion dollars in stock after reporting a better-than-expected jump in sales, lifted by a revamped version of its flagship software. The German maker of applications that run businesses’ finances, manufacturing and personnel is projecting sales of 23.3 billion euros ($26.8 ...

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