Business Ideas

LG Electronics quits PC manufacturing

LG Electronics Inc, South Korea"s second-largest electronics maker, said today it has stopped the production of personal computers and is fully outsourcing it to local and Taiwanese companies. - ISRO to launch 8 foreign satellites; also eyes acquisitions - Dubai"s Nakheel demands halt on trading in its bonds - Suven gets 3 European patents on NCEs - Firm trend prevails; Metal index advances 3% - Stop using insurgents as strategic tool, Obama warns Pak - PM yet to decide on attending Copenhagen climate summit For years, LG has gradually boosted outsourcing of personal computers to cut costs. LG"s direct production of personal computers ceased in September, according to company officials. With the decision, a personal computer plant in LG"s plant in Kunshan, China"s Jaingsu Province, was switched to produce vehicle navigation systems, the company said.


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