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U.S. Morning Call: Apple, Samsung execs debate patent value

Tuesday, July 24, 2012 - 02:34

July 24 - A source tells Reuters Apple CEO Tim Cook and Samsung executives disagreed about the value of patents during court ordered settlement talks.

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Pat Boris and industrial talks here's your morning called this Tuesday. Apple and Samsung disagreeing over the value of patents. A source tells Reuters apple CEO Tim Cook and executives at Samsung -- able to come to terms on their work during settlement conference last week. The conference coming at a California trial set to begin July 30. Among the issue is how about so called standard essential patents which Samsung has agreed to license to competitors on fair and reasonable terms. Apple and Samsung declined to provide details on the talks they remain locked in legal disputes around the globe. DuPont how would they lower quarterly profit sales rose -- the Dow component it's that it costs. The chemical companies seeing continued softness in demand for whitening agent titanium dioxide. From its European and Asian Pacific regions regions DuPont expects its full year profit to be at the low end of its forecast. Shares have risen more than 5% so far this year. A new report on the 2010 Gulf of Mexico oil spill blame for the disaster on BP and Transocean the US chemical safety board saying they lacked clear safety guidelines. That contributed to the rupture of the macondo well April of that year which killed eleven men. BP on the well and Transocean owned the rig drilling the well. The preliminary report expected to be -- at a Houston hearing today. So far BP has taken 837 point two billion dollar charge against its earnings for this bill. A -- private equity firms teaming up to try to -- unit of United Technologies. Sources say Carlyle group and BC partners are opposed to reach a deal for upon compressor business. For 3.5. Billion dollars United Technologies is selling the division to find its takeover of good rich. -- group has -- and our range since I've seen today. Stocks to watch today include Texas Instruments several brokerages. Have price target on the stock. After the chipper reported a profit that beat expectations but said revenue in the current quarter would -- as customers remain cautious. And Cisco Systems the EU printing its five billion dollar agreement for software and yes it's expected. The company also announced plans to cut 15100 jobs or 2% of the workforce. -- -- morning call this Tuesday you can follow us as always on Twitter at Reuters Insider and apparently YouTube channel. At Reuters dot com slash Reuters TV I'm Lisa Bernhard this is Reuters.

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U.S. Morning Call: Apple, Samsung execs debate patent value

Tuesday, July 24, 2012 - 02:34