lenovo is fighting back. the world's second biggest pc-maker breaking into the tablet market with four, count them, four devices. they're mix of notebook computer and touch-screen tablet. they're very cool. we've been playing with one. weapon have the president of lenovo's product group. peter, thank you very much for being here. you have four new products about toe come out? >> yes. ashley: that's a lot. normally companies will bray out their latest product. why four. >> one, we're betting big obviously on windows 8 and its convertable product line as a way to really spark our business. the other side of it is when we looked at it we saw it solved different problems in terms of what users are looking for and expecting. ashley: it is like a laptop. you put in the screen and you can twist it. there are literally new twists an turns in the story. explain. >> i can show you. that is the best way to do it. this is traditional looking laptop. ashley: yeah. >> very thin, state-of-the-art ultrabook class laptop. ope

. >> china lenovo has taken over as the world's largest pc maker accounting for 15.7% of the global shipments in the third quarter compared to 15.5% it's slim but that exists for hp ending a six-year run and there is showing there is a slight edge with 15.9% of the share and there is either way, it's been gaining ground quickly in a pc market becoming challenging. and saying they continued to slump with the world wide market contracting 8.6%. also, microsoft ceo steve balmer getting a smaller bonus. according to filings it was $620,000. and this is about $60,000 than last year there is a ready samsung mobile confirmed the company will unveil a smaller version tomorrow that will have a four inch screen. same size as the iphone 5 and there is eastman kodak tries to emerge from bankruptcy. it will determine nate benefits resolving a liability. it's going to provide a unsecured claim to the economy. the deal subject to court approval. apple trying to reduce the amount of iphones being shipped with scratchers by cracking down on quality control. and this is also looking like it's moving off for ju

china's lenovo outsold hp in the third quarter. consumers are opting for tablets and smartphones instead of pc's. the typical twitter user is a woman in her late 20s who shares details with family and friends using apple devices. purple is the most popular color for her. i rob nelson. (bell rings) hi. yes? you know those delicious granola bunches in honey bunches of oats? i love those. we've added more to every box. really? wow! honey bunches of oats. make your day bunches better. >> and a drive hit deep to left field. it's gone! >> the shot heard around the capital. jayson werth blasting the nationals on to the decisive win for the walk-off-home-run against st. louis last night that. there he is crossing the plate. that seal it it and ensure them of a game 5 tonight. john gonzalez will have much more in a live report in just a couple minutes. >> now it comes down to tonight for the nationals and cardinals. there's going to be a lot of interest in santa francisco in the outcome here. >> and principal completing an impossible -- pro

chinese computer maker lenovo will start making pcs in north carolina next year.ng on in china? joins us is david, lenov ooleno president of north america. how did this get decided, and when does it all come down? >> what we will announce today is we're expanding or facility in north carolina to bring u.s. manufacturing starting in january through our think product portfolio. our think pad notebooks and think server workstations and servers. we're very excited about this. it's really bringing a differentiator for us versus the market. we believe there's a customer demand for u.s. manufacturing not only for the manufacturing presence but also what we could bring to differentiate ourselves around the customer experience that a local manufacturing plant provides us the flexibility to do. >> were these jobs that were elsewhere that are essentially being imported into the country, or are these new jobs? >> these will be new jobs we're creating. as you may not know, we're the faste fastest-growing pc player in north america for the last nine quarters and have expanded o

. >> that was meg whitman's -- they did get rid they got lenovo to take them out of their pc business. it's like an eastman kodak. >> coming up, last word there >> ibm sold the future. that's why investors are rewarding ibm. hp they can't even see the price. >> meg whitman is not lou. >> credit card companies hitting all time highs. did you miss the boat? we'll get some answers plus shares of netflix up nearly 30% in the past week alone and now an up where grade by morgan stanley driving shares even higher. who wins the election versus earnings season. we'll examine what will have a bigger impact on the markets. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's jus

the stock is higher despite a report that says china's lenovo may have overtaken hp in pc sales in theter. pc sales themselves had their biggest decline in more than ten years. so do you dare touch hp right now, or is the better bet microsoft? on hopes that windows 8 might revive that industry. let's talk numbers on those two companies. on the technical side, mark newton of gray wolf execution partners. on the fundamentals side, erin gibbs. erin, i'm going to start with you. which company do you feel benefits more from the release of windows right now, microsoft or hp? >> microsoft, without a doubt. microsoft will be able to take advantage of the windows 8 release not only from an increase in pc sales but also from any additional sales in the tablets and smart phones base. so it's really positioned well for transitions. it did extremely well in its transition from windows 7. we expect the same thing. >> so you would buy microsoft here? >> yes. >> you would not by hp? >> no, and for many reasons. >> well, there are other issues facing that company. that was an emphatic no from her. what

lenovo woke up one day at ibm and said, we don't need lenovo. that was a great call.bm's made so many right moves in the last decade, it's extraordinary. hence why the stock's up. >> disney getting downgraded to what they call a 3 average over at karas. valuation now in line with historical growth trends, price target remains the same, not as much enthusiasm to buy names in the dow with the dow 500 points from an all-time high. >> my charitable trust sold disney last week. why? very big gain, didn't know what was going to take it up again, well-run company, bob iger doing a terrific job. but it tends to snowball. there's nothing there. the bank stocks, it's been done without a single upgrade that i can recall. now they're rolling back over, be very interesting, bank of america's been holding in there, no one likes it. i continue to think the banks are very valuable. but the stuff that is run big, vulnerable going into the quarter. >> really? four sectors up 20% for the year that's a lot. >> financials, telecom, di discretionary and tech. they're calling it the broades

idc still ranks hp ahead lenovo, but only by half a percentage point. >>> royal bank of scotland set the final stock price at 175 pence this morning. you can see the price there, 183.75. >>> and ing selling to aia for $1.73 billion. the first of a series of divestments they hope to make to help repay a 10 billion euro bailout they received in 2008. the sale marks the second acquisition for aia in less than a month. >> a quick look at the agenda tomorrow. we'll continue on the ground kufblg of the imf world bank be with the japan banking minister. and we'll discuss the infosys numbers right here on "worldwide exchange". >>> still to come, we'll talk about spain, the impact of the s&p downgrade, and how long before spanish debt will be rated as junk. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both r

got out of the business of making pcs seven years ago selling it to china's lenovo for $1.75 billion. global slowdown expect to hit ibm. revenue expected to fall 3% from a year ago. analysts say ibm may beat that thanks to dollar' decline since estimates were made when dollar was firming against most major currencies. watch revenue growth rather or lack thereof and comments about the global economy and demand from businesses and government. government expected to decline especially as we head towards the fiscal cliff. back to you. lori: okay, we're up to speed, ready to go, robert. stay tuned to fox business for complete coverage of intel's earnings on "countdown to the closing bell" -- "after the bell", 4:00 p.m. eastern. they have intel's cfo, stacey smith. ashley: more problems for foxconn that manufactures apple's iphones and cell phones. er this in trouble for underage internses. the company performed an internal investigation and found an indisclosed number of interns were indeed between the ages of 14 and 16. china's legal working age is 16. a chinese labor rights group says fo

in q3 hp and lenovo were the biggest pc makers. dell shipped 9.5 million.illion ipads alone. that's not even counting macs. that's before the cheaper ipad mini which people will be able to preorder starting torl. that puts microsoft in a tight spot with windows 8. microsoft is not only building its own tablet, the surface, to set the pace for windows 8. it's also working with partners more closely than ever on designing testing. they're rolling out retail stores to try to define the consumer experience. microsoft is taking on quite a bit of risk to defend its turf in computing. after the holiday quarter we'll see whether it's paying off or not, carl. >> jon, i think those who say microsoft has lost its buzz, i mean, the stock is literally off one penny today. i mean, there's been no reaction. i wonder what you make of that? >> apple was down quite a bit when they announced the ipad mini. so hard to judge based on the launch reception exactly how these sorts of things are going to be received. but they've got a tough road. they're starting in the tablet mark

so another company we like is lenovo. they have the number one market share in the pc business and number two market share in the smartphone industry. in pcs, they're actually growing units at 10% and this is going to allow them to leverage mar n margins. and in the smartphone industry, that is growing over 50% for them. >> do you have one more quickly? >> we also like samson nigite. >> people are just buying new all the time to get lighter and lighter suitcases? >> increased global travel and they're capitalcapitalizing. they have a strong balance sheet and making acquisitions to continue to leverage their presence overseas. >> i've been shocked with some of their numbers. >> saira, thank you. >> when we come back, would apple could be telling investors after the bell today. we'll get a preview of the big report and how the new products that they've been shipping out will be impacting the fourth quarter. and sammy hagar has found success on and off the stage. i had a chance to catch kaccatc ohio to talk business. he's ma

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selecting leaders is worse than ours, and i was lucky enough to attend a talk with the founder of lenovo in china, and he says the leaders just care about implementing regulations and policies from the higher level leaders. they are not focusing on disruptive types of innovations to challenge other companies in the system. they are plodding forward. they can do the innovation. state owned enterprises can make products like the ipod cheaper looking for efficiency gains, but they are not good at breakthrough 0s china will need to keep the economy going and create higher paying jobs for a middle class. the second absolute change they haved to do is level the field for financing. currently, it's almost impossible for private sector enterprises to get financing from state banks. basically, the financing goes to the well connected state owned enterprises and the few with government connections. for those companies, they have soft budget con trapted and can get -- constrains and can get big loans, sometimes at 0% interest, because they are sometimes reimburressed, but i hear the big banks won't