Hon Hai drops; poor end of the iPad value chain

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Hon Hai drops; poor end of the iPad value chain



A security guard patrols at Hong Hai headquarters in TuchengTAIPEI (Reuters) - Shares in Hon Hai Precision Industry Co Ltd took a beating on Monday after lackluster quarterly profits, in sharp contrast to the booming fortunes of its main client, Apple Inc, highlighting one of the main downsides of life as a maker of others' high-end products. Hon Hai's first-quarter net profit - up 3.6 percent to T$14.92 billion ($509.2 million) - was well below the previous quarter and missed analysts' forecasts by more than a third, according to Thomson Reuters Starmine data. ...












Boko Haram kills four in Nigeria church attack: police



MAIDUGURI, Nigeria (Reuters) - Nigerian Islamist sect Boko Haram killed four people in an attack on a Sunday church service in the northeast town of Maiduguri, police said on Monday, adding to the death toll from a separate shooting in the country's second largest city Kano. Gunmen killed at least 15 people and wounded many more at a Christian service in Kano on Sunday, the latest round of violence which has seen hundreds killed in the mostly-Muslim north of Nigeria this year. No group took responsibility for either attack and it was not clear if they were coordinated. ...






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