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U.S. Morning Call: Fighting words from Apple

Thursday, March 14, 2013 - 03:24

Apple's marketing chief Phil Schiller taking it to the 'Street' with both Google and Samsung ahead of its new Galaxy launch.

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Morning call for Thursday and there's some trash talking going on between tech titans normally it's a fight the courtroom over patents but Apple's marketing chief. She'll take it to the street with both Google and Samsung. The harsh words coming right before the launch of Samsung's new android powered. Galaxy S -- Smartphones. -- telling Reuters that Google's research showed the vast majority of android users were -- older versions of the software. And that's Samsung's new phone will ship with -- eight year old operating system that we need updating. He also said Apple's internal research shows times as many consumers are switching to Apple's Iowa west from android than the other way around. -- could just be sour over strategy analytics data showing Samsung rapidly stealing away market share from the iPhone maker. Shares of Samsung in Korea trading flat while Apple's stock is trading slightly higher in the premarket year. US stock futures signaling higher open this morning the Dow rising for their ninth straight session to another record on yesterday's surprisingly strong retail sales data. Suggesting the economy is gaining momentum. Another sector that's been picking up steam housing market however data from traction as more homeowners -- with new foreclosure filings in February. Up 10% from the month before giving my -- that's still down nearly 25%. From a year ago. And keep your -- bank stocks today the big banks find out if their plans to increase dividends and buy back more shares were approved or rejected by the Fed. Citigroup's request to buy back one point two billion worth of shares will likely get OK after showing it had a bigger capital cushion in last week's test. Initial jobless claims at 830 economists are forecasting a rise to 350000. From 340000. A week earlier. As we see the signs of the 85 billion in government cuts. And with the economic recovery gaining strength and buying yields rising the Specter of inflation is toying with some investors imaginations. Well did is any substance to the concern in -- -- released at 830. -- says excluding food and energy it's expected to stay at point 2%. The rich guys coming behind this weekend Andy Rubin the architect behind android operating system has decided to step down as bill combines mobile software divisions under one -- Those jealous comments as we mentioned earlier about ancient and fragmented software could be -- Google where it hurts. Another exact on the outs this item would have pounder missed quitting cash strapped green car start at. Saying he was at odds with the auto maker's top executives over business strategy. Guess does staying out JC Penney CF OK and -- yesterday insisted that neither he nor chief executive Ron Johnson plan to resign. Investors may not Ellis and why pressure is growing over the company's questionable turnaround plan after boarding copper Thursday you can follow us on Twitter at Reuters Insider -- Britney out at Reuters dot com slash -- TP. I'm Lisa Bernhard this.

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U.S. Morning Call: Fighting words from Apple

Thursday, March 14, 2013 - 03:24