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U.S. Morning Call: Microsoft, Nokia all in with Lumia

Wednesday, September 05, 2012 - 02:53

Sep 5 - Nokia and Microsoft will take the wraps off the struggling company's most powerful smartphone today, hoping to steal back market share from Apple, Samsung and Google.

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FedEx cut its profit outlook and let the Smartphone wars began we've got packed morning coffee you this Wednesday. Nokia fights for survival in what may be its last shot at winning back. The onetime cellphones -- now partnering with Microsoft to unveil its new booming Smartphone in New York later today. For Microsoft this is showtime as well windows phones have only captured over 3% of the global Smartphone market according to strategy analytics. Shares of Microsoft closed at thirty dollars yesterday and shares of Nokia down slightly ahead of the open. Mark your calendar for other major tech roll -- this month will keep you updated on those as well. It shifts its sixth. FedEx cut its profit outlook for this quarter Tuesday evening saying customers aren't sending an overnight international shipments in and -- global economy. That forecast push FedEx shares down 3.5 percent in after hours trading. The outlook warns that the economic recovery may not be back with a bang FedEx shipping trends are closely watched indicator of consumer demand and growth. US stock futures pointing to a lower open today after a rally -- apple rescued markets from the red yesterday. Apple carrying over some of those games trading higher in premarket this morning. Turning to European stocks there down slightly reacting to global growth. Also a survey out today showed a seventh month of contraction for the Euro zone's private sector in August. After the stocks to watch Capital One says its top investor ING bank plans to sell all its 9% stake in the company in a public offering. The sale of about 54 million shares could be worth about three billion dollars. Capital One shares trading slightly lower in premarket they've risen about 10% in the last three months. HR block reports quarterly results today the tax prepare is expected to post is smaller than expected loss. And a dollar goes a long way at least a Dollar General. Stock rising this morning after the chain store posted higher quarterly profit and raised its earnings forecast for the year. Based expander finally giving is up about his company's stock these days. Shares up 3% premarket after the social network promised to use cash instead of selling his stock to cover nearly two billion dollar tax bill. And the company will allow employees to cash in their stocks weeks ahead of schedule. The move will reduce FaceBook share count by roughly 101. Million shares. Baseball's his -- still hot water though with a major lock up expiring in October. That's your boarding call for Wednesday follow us on Twitter at Reuters Insider probably headlines and check out our -- YouTube channel. At Reuters dot com slash Reuters TV I'm Lisa Bernhard this is Reuters.

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U.S. Morning Call: Microsoft, Nokia all in with Lumia

Wednesday, September 05, 2012 - 02:53