News Digest: June 30, 2011

The following press releases and media reports about Chinese companies were carried on June 30. To view a full article or story, click on the link next to the headline.

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◙ Dangdang (NYSE: DANG) Announces Business Units Formation, Management Changes (PRNewswire)

◙ HP (NYSE: HPQ) Deepens Commitment to China (Businesswire)

◙ Spreadtrum Communications (Nasdaq: SPRD) to Host Conference Call on June 29 (PRNewswire)

◙ Tom (HKEx: 2383) Initiates Large-scale Layoffs (English article)

◙ Buffett-Backed BYD (HKEx: 1211) Slumps in HK Trading After Profit Drops 84% (English article)