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Fannie, Freddie Shares Slump After Investor Lawsuits Dismissed By Clip Syndicate Shares of government-controlled Fannie Mae and Freddie Mac plummeted on Wednesday, the day after a judge upheld the U.S. Treasury's right to seize the mortgage finance companies' profits. In heavy trading, the over-the-counter common shares of both companies lost more than a third of their value, with Fannie Mae sliding to $1.70 and Freddie Mac dropping to $1.65, on volume of 142 million and 79 million shares, respectively. ...Read More »
Samsung Electronics Profit Seen Bottoming In Third Quarter Ahead Of Slow Recovery By Clip Syndicate Samsung Electronics' profit is seen weakening further in the third-quarter, underscoring the downturn in its market-leading smartphone business and piling pressure on the firm to deliver a revamped product lineup. Analysts forecast the world's largest smartphone maker, which is due to give its July-September earnings guidance on or around Oct 7, to show its worst operating profit in nearly three years, with a slow recovery seen starting in the fourth quarter. Analysts and investors say Samsung's days of massive smartphone-driven earnings are over, as Apple grabs the lion's share of profits at the high end of the market and Chinese makers of cheap and feature-rich smartphones, like Lenovo and Xiaomi, erode margins at the low end.

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Samsung Electronics Profit Seen Bottoming In Third Quarter Ahead Of Slow Recovery By Clip Syndicate Samsung Electronics' profit is seen weakening further in the third-quarter, underscoring the downturn in its market-leading smartphone business and piling pressure on the firm to deliver a revamped product lineup. Analysts forecast the world's largest smartphone maker, which is due to give its July-September earnings guidance on or around Oct 7, to show its worst operating profit in nearly three years, with a slow recovery seen starting in the fourth quarter. Analysts and investors say Samsung's days of massive smartphone-driven earnings are over, as Apple grabs the lion's share of profits at the high end of the market and Chinese makers of cheap and feature-rich smartphones, like Lenovo and Xiaomi, erode margins at the low end.

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Philips Electronics Loses $467 Million Verdict In Masimo Patent Case By Clip Syndicate A federal jury on Wednesday said Philips Electronics should pay $466.8 million to Masimo Corporation for having infringed two patents for technology used to help measure blood oxygen and track pulse rates. Jurors in Wilmington, Delaware needed less than a day of deliberations before ruling in favor of Irvine, California-based Masimo, following a two-week trial. ...Read More »
AP-GfK Poll: Divided Voters Still Focus On Economy By Clip Syndicate It's not Obamacare or climate change. It's not yet terrorism or fear of the Islamic State group. Those issues are on the minds of voters as they begin casting ballots in this year's midterm elections, but nothing matters to American voters as much the economy. In a new Associated Press-GfK poll released Wednesday, 9 in 10 of those most likely to go to the polls or mail in a ballot in this year's midterm elections call the economy an extremely or very important issue.

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WiLan Says Loses LTE Patent Case Against Apple By Clip Syndicate Canadian patent licensing company WiLan Inc on Wednesday said a U.S. judge had ruled in favor of Apple in a litigation case against it. WiLan said it is currently reviewing the ruling from the U.S. District Court for the Southern District of California with its trial counsel, and said it has a separate case against Apple in the same court for five other LTE patent infringement claims. WiLan, whose primary business is acquiring ownership of intellectual property and then seeking to charge fees to companies that make use of it, plunged late last year after a jury ruled that Apple had not infringed one of its patents in another case.

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Exclusive - Goldman Leads Investment By Wall Street In New Communications Platform By Clip Syndicate After spending two years developing a wide-ranging communications tool for Wall Street, Goldman Sachs Group Inc says it has reached the perfect pitch. According to a draft press release viewed by Reuters, On Wednesday, Goldman and 13 partners plan to announce a $66 million investment in a new company called Symphony Communication Services Holdings LLC. The partners are all financial services firms, including major global banks and asset managers.

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Yahoo Tests A New Homepage Highlighting Magazines, Talent… And Twitter By Clip Syndicate For the past year or so, Yahoo has been working through a major design overhaul under CEO Marissa Mayer, and it looks like it has now started testing out new formats for its biggest property of all, Yahoo.com. the new site will sport a much cleaner look, with a collapsible vertical menu bar on the left that highlights some of the effort the company has made to beef up its content. It will also feature some dynamic pop-up widgets to give people real-time access to things like Yahoo Mail. And the version we have seen also includes an integration with a non-Yahoo site: Twitter.

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Wednesday Sector Leaders: Precious Metals, Electric Utilities By Clip Syndicate In trading on Wednesday, precious metals shares were relative leaders, up on the day by about 1.3%. Leading the group were shares of Hecla Mining Company (HL), up about 5.7% and shares of Midway Gold (MDW) up about 5.3% on the day. ...Read More »
Coca-Cola Amends Equity Plan To Minimize Dilution By Clip Syndicate Coca-Cola Co, under pressure from an activist investor, said it had adopted new guidelines under its 2014 equity plan that will extend the number of years shares will last under the plan by using fewer shares each year. The company said its new Equity Stewardship Guidelines would increase transparency about equity awards, formalize its practice of share repurchases to minimize dilution, and renew commitments to continue an open dialogue with shareholders on compensation matters. The guidelines will also facilitate a shift towards performance shares and be less heavily weighted toward stock options for employees who are eligible for equity awards.

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