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3XSQ: Garmin sees weak 2013, Q4 profit misses

Wednesday, February 20, 2013 - 03:51

Feb 20 - Garmin reported a weaker-than-expected quarterly profit as revenue in its personal navigation devices business fell 25 percent.

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What are the three Times Square this Wednesday from Reuters world headquarters in New York. Technology give and take it away. The GPS device was the hottest product on the market. Now over GPS maker Garmin forecasting a 2013 profit below expectations due to a lack of demand -- -- one actually. Consumers are accessing navigation services through Smartphones frequently by way -- -- -- the company only bright spot. This gadgets to track calorie consumption. And monitor heart you can use when it does. -- housing resurgence hit the ceiling. Luxury builder Brothers -- eight point 9% jump in new orders but the average selling price for homes delivered in its recent quarter fell more than 7%. The company overall less than anticipated told plants and the apartment apartment rental business to take advantage of rising rents and supply. Should have risen more than 50% over the past year that are giving back some gains today. No decline in earnings for our power player of today it's Bank of America CEO Brian Moines and his efforts to get the financial behemoth the on the financial crisis. Paying off literally. His -- rising 73%. 2012 to more than twelve million dollars he was the board's choice for the corner office. But they have to -- -- now. The stock was the top performer in the Dow Industrials last year more than doubling in price. A pair up off the supply stores are combining. Or Monday. A -- out this morning how office -- one point two billion dollar stock deal for rival office Max. New York Times report the negotiations are ongoing and press release was a draft and not final. Taking shares and a rival rival staples you can see honesty is still up almost 10% percent office Max. A look at 6% staples is actually down about half percent. Isn't honored just to be nominated. Outlines slightly more believable now as this weekend's Oscar losers can walk away with a parting gift worth. 45 grand. LA based marketing firm distinctive assets will be giving its annual everyone wins an Oscar nominee get back to those fake smiles as their names aren't called. Among the items trips to Australia Hawaii Mexico personal training sessions a bottle of tequila condoms. Condoms. And appointments for injectable pillars we called -- Botox. These are not academy sanction bags as Oscar -- stop handing out gift baskets in 2007. After it appeared some stars were not ponying up the proper taxes. Stars who received gifts are expected to declare them to the IRS. And finally in a -- can hear me now. -- -- it changed to can you see me now. As the latest in cool Smart technology appeared to be. Invisible. The Taiwan division of US -- on technology has spent six here at developing a transparent. Mobile phones. It's conducted glass toughened to resist extra scratch isn't shattering. Not transparent. And have been miniaturized in place at the bottom of the phone. This prototype is 20% lighter than the iPhone 5 will be slightly larger screen should be available by year's end pretty cool. That is the latest and pretend this Wednesday you can follow us on Twitter at latest insider. Videos dot com slash -- it. -- -- -- -- -- --

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3XSQ: Garmin sees weak 2013, Q4 profit misses

Wednesday, February 20, 2013 - 03:51