Reuters - Video

Edition: U.S. | U.K. | IN | CN

Top News

U.S. Morning Call: Apple set to hit new high on patent win

Sunday, August 26, 2012 - 03:01

Aug 27 - Apple is poised to reach new highs this morning after winning its patent case, while Samsung Electronics shares slumped 7.5 percent.

▲ Hide Transcript

View Transcript

-- triumphant victory for apple IA AC asks for about dot com. I did GOP convention kicks off. We're just it. Let's kick off your week with morning call for Monday. Apple is poised to hit another all time high this morning after the now one of a kind iPhone and iPad maker got the verdict was hoping for. Apple is up almost 3% in the premarket. The verdict which came less than three days app which -- after less than three days of jury deliberations. Could lead to an outright ban on sales -- -- Samsung's products and will likely solidify Apple's dominance in the US. Samsung taking a serious hit after the ruling. It shares of slumped seven and a half percent today wiping more than twelve billion off the South Korean giant market value. You may find yourself asking what about I -- well media mogul Barry Diller's Internet company said yesterday. It's asp dot com unit has purchase information website about dot com from the New York Times for 300 million in cash. -- AC snatched up about dot com to expand its Asta dot com informational website business. Which is in line with the company's acquisition strategy according to IAC CEO. The New York Times on the other hand which bought about dot com for 410 million dollars in 2005. Has been selling off noncore businesses at a rate faster than IAC is acquiring. Saying it's focusing its resources around it's newspaper and accompanying website. After some stocks to watch this morning keep an eye on Dollar Thrifty Automotive. Its shares are up over five and a half percent in premarket after rival. Car rental company Hertz said it will -- smaller dollar thrifty for 2.3 billion. Hitting more than two years of an on off takeover by -- Tiffany is scheduled to release second quarter earnings before the bell. Analysts polled by Reuters expect the luxury brand to report not sparkly bottom line results from a year earlier. And could be apple Samsung verdict hurt Google and apple victory was seen as a blow to that other tech giant. Whose android software powers Samsung's products. The very same products now facing a potential -- in the US. Shares of Google could very well open lower than apple this morning taking a look at stock futures their to a mixed open. European stocks are trading lower with investors still looking to the central banks for support. But recent Reuters -- of 61 economists give -- 45%. Chance that the Fed announcing a third round of quantitative easing. After its policy meeting next month so investors may now want to hold their breath. All eyes on Tampa Florida this week but don't get too excited just yet I think has pushed off the GOP convention to a later start. That's your morning call this Monday we have more news coming up so follow us on Twitter at Reuters Insider. And check out our energy to channel at Reuters dot com slash Reuters TV I'm Lisa Bernhard this is --

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Morning Call: Apple set to hit new high on patent win

Sunday, August 26, 2012 - 03:01