Reuters - Video

EDITION: U.S. | U.K. | IN

Business

U.S. Morning Call: Samsung to see 5th straight record profit

Tuesday, 08 Jan, 2013 - 03:43

Jan 8 - Samsung Electronics, the world leader in mobiles and memory chips, said it likely earned a quarterly profit of $8.3 billion.

▲ Hide Transcript

View Transcript

Here's your morning call for Tuesday after fourth straight record quarters. Samsung projecting another record profit eight point three billion dollars in the quarter and last month. The reason both sales and high demand for its mobile flat screens including those that makes for its biggest customer and biggest rival apple. Samsung's galaxy phones mostly powering earnings. The South Korean company rolling out 37 variance well apple released just what -- Smartphones last year at the iPhone 5. Despite the huge fourth quarter projections the January to march period could yield less fruitful results for Samsung didn't weaker seasonal demand. The stock at a great 2012 rising over 40%. And hit record levels last week. Today shares closed down one point 3%. In just a story from the New York Times today AIG which recently paid off its 182. Billion dollar bail out. May now bite the hand that -- it. The board of AIG meets on Wednesday to consider joining 825 billion dollar shareholder lawsuit against the government. -- born in 2011 by Maurice Hank Greenberg AIG's former chief executive who remains a major investor. The lawsuit argues the deal's high interest rates and the funneling billions to AIG's wants to clients. Deprive shareholders -- tens of billions of dollars. The decision to join a lawsuit is a tricky one. It Greenberg land -- major settlement without AIG the company could face additional lawsuits from other shareholders. On the other hand siding with Greenberg would almost certainly be seen as a -- of gratitude. That could threaten ties with Washington. Wonder -- will have to pull that TV ads thanking the US government reports how. US stock futures pointing to a lower open on Wall Street just as another earnings season kicks off Alcoa and Monsanto reporting after the bell. For all color analyst Paul -- -- -- a positive predicted surprise at 3.4 percent earnings per share of six cents. The company which posted a meager profit in the third quarter missed some challenges and the prices remain low and the global economy week. Let's turn to young brands which reports early February they can't keep parent -- net sales in its top market China shrank more than expected in the fourth quarter. It's -- bad publicity from the government review of its chicken supply. Shares of young down 4% to 64 box in the premarket. CEOs played musical chairs at a couple of different companies. The sky's the limit for American Airlines executive Craig Craig or he'll be the next CEO of Virgin Atlantic. This is the British carrier looks to make the success of the venture with US partner Delta Airlines. And it's seniors Eddie Lambert taking on more responsibility is. -- in the role of CEO in addition to his current chairman post after chief executive Louis to have Brosius and be stepping down to it family health reasons. Your stock had its ups and downs under -- Reggio. When he took over in February 2011 shares were trading close to 76 dollars an hour 42 based on Monday's close. Lambert has long been seen as the fourth -- seniors but the minute -- at the hedge fund billionaire formally in charge of the retailer. That's it for your Tuesday morning cough follow us on Twitter at Reuters Insider in check and partly due to channel. At Reuters dot com slash TV. I'm Lisa Bernhard this is like.

U.S. Morning Call: Samsung to see 5th straight record profit

Tuesday, 08 Jan, 2013 - 03:43

Editors' Picks »

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, 16 Jul, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, 25 Jun, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, 02 Jun, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, 27 May, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, 08 May, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, 05 May, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, 08 Apr, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, 24 Mar, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, 17 Mar, 2014 - (7:38)

Oddly Enough »

Elephants 'lovin' polo tournament Elephants 'lovin' polo tournament

Thu, 28 Aug, 2014 - (1:31)

Triplet pandas celebrate a milestone Triplet pandas celebrate a milestone

Thu, 28 Aug, 2014 - (0:48)

Group shatters record for longest flower garland by a mile Group shatters record for longest flower...

Wed, 27 Aug, 2014 - (1:30)

Masked hero sweeps clean Masked hero sweeps clean

Tue, 26 Aug, 2014 - (1:10)

Right muddy mess at World Bog Snorkeling Championships Right muddy mess at World Bog Snorkeling...

Tue, 26 Aug, 2014 - (1:11)

Hello Kitty conquers space Hello Kitty conquers space

Mon, 25 Aug, 2014 - (1:11)

Japanese zoo welcomes red panda cub Japanese zoo welcomes red panda cub

Mon, 25 Aug, 2014 - (0:42)

Is it a plane? No, it's a hoverbike Is it a plane? No, it's a hoverbike

Fri, 22 Aug, 2014 - (2:40)

Fox kicks off "Simpsons" mega marathon Fox kicks off "Simpsons" mega marathon

Thu, 21 Aug, 2014 - (0:56)

Six-story tall duck floats into L.A. port Six-story tall duck floats into L.A. port

Thu, 21 Aug, 2014 - (1:02)

Young artist paints surreal illusions on bodies Young artist paints surreal illusions on...

Thu, 21 Aug, 2014 - (1:30)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)

Moving Pictures »

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, 03 Jul, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, 20 Jun, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, 06 Jun, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, 30 May, 2014 - (1:37)