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U.S. Morning Call: Veto on Apple ban concerns S. Korea

Monday, August 05, 2013 - 02:51

Aug 5 - South Korea's government expressed concern over the U.S.'s decision to overrule a ban on the import & sale of some older Apple products. Samsung shares fell.

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-- techie kind of Monday let's kick off your morning call with top tech stocks to watch. -- has paid I have friends in high places. President Obama overturned a ban on this Allison all iphones ipads this weekend. Telling an international trade ruling that had favored Samsung patents. The South Korean government saying this morning quote we express concerns about the negative impact that such a decision would have. On the protection of patent rights. Today shares of Samsung closed lower on the news trading well below their fifty day moving average. Apple Stock is trading up in the premarket. The veto the first of its kind in more than 25 years according to the journal -- out and the nature of patent dispute going forward. Switching gears online review site -- a Wall Street Journal analysis points out that while last weekend's financial results may have been impressive. -- local numbers just aren't. -- stock shot up 35% since reported but investors may fantasy helps mobile growth when compared to rivals like FaceBook and Google. Is down right weak. Perspective. Yelp app was downloaded ten million times all of last quarter. Google Maps was downloaded ten million times in less than 48 hours when it was released on the -- DTV you look like this when you turn it on this weekend it -- if you live in new York and a few other areas of the country because Time -- not backing down in its fight with CBS. Analysts are now saying that the blackout may last for several weeks as the two companies appear no closer to settling it transmission fee dispute. That could be a big problem as September and NFL season approaches. To mess with -- -- -- Shares of Time Warner Cable down so far this month the black and affects an estimated 3.5 million customers. Stock futures flat to down this morning although another breaking records is not out of the question with the US jobs report providing little momentum. While not spectacular the July report encourage investors to believe that that will be holding steady with the support. Today markets will digest the July ISM services index which IFR says it's expected to see in modest boost. At your Monday morning column ever follow us on Twitter at Reuters Insider and get great at. Slash. And -- support it.

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U.S. Morning Call: Veto on Apple ban concerns S. Korea

Monday, August 05, 2013 - 02:51