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U.S. Morning Call: May be time for Samsung wristwatch

Tuesday, March 19, 2013 - 03:40

Mar 19 - Samsung is continuing its battle with Apple. Sources telling Reuters Samsung is developing a wearable digital device similar to a wristwatch.

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Morning -- Tuesday what time is game time for apple and Samsung. Sources telling Reuters that Samsung is developing a wearable digital device like -- wrist watch just like the one apple is rumored to be working on. Without giving further details this source as the Samsung device will perform many of the tasks of the Smartphone. Samsung shares dropped nearly 5%. Or around ten million bucks in just two trading sessions. After it launched its latest galaxy S Smartphone. Today shares making up some of those losses closing up 2% in South Korean trade. Apple shares up slightly in the premarket. Stock futures signaling another lower open this morning all three major US indices closing lower in yesterday's session. After weekend announcement that's Cyprus would impose a Levy on -- -- as part of a thirteen billion dollar EU bail out. So it -- parliament set to reject that device attacks in a vote scheduled for noon US eastern time. European markets still suffering from investor fear shared their falling for a second straight day. -- stock exchange said it would suspend trade today and tomorrow while banks on the island remain shut. Back over here are some drama of our round we've got -- today fed policy meeting beginning today. Where there's economics and markets editor Dan burns says tensions in Cyprus. Well straight in the argument for fed chair Ben Bernanke to press Howard with the 85 billion dollars a month worth of bond buying. The economic data to watch today housing starts due out little less than an hour economists polled by Reuters forecasting 9151000. Starts in February. Verse 890000. In January rising rent costs likely encouraging new home building. Why -- number below 870000. That would mean slowdown in building throwing a kink into housing recovery. But rising home prices last year helped more homeowners get back above water on their mortgages in the fourth quarter says core logic. Supporting the signs of improvement in housing market. Some stocks to watch this morning and if you do yoga first thing you might want to make sure you're not giving your fellow you know he's a freak show. Lululemon. Pulling shipments of its -- women's pants from its stores. Sings let me see through pants that went on sale this month had an acceptable level of sharing this. Lululemon saying its bottom line could be heard from a calling pants revealing customers' bottom lines. Shares down 7% in the premarket. Electronic arts CEO John -- TLO is resigning after six years at the Helm of the video game publisher. The company also warned that fourth quarter revenue and earnings are likely to be quote at the low end or slightly below previously issued guidance. Shares -- up slightly in the premarket. Ryan air announcing today a fifteen point six billion dollar order for 175. Passenger jets from Boeing in a deal that will allow the Irish airline to consolidate its position as Europe's dominant low cost carrier. Shares of Boeing rising this week ahead of today's announcement Ryanair shares up almost 3% in London trade. That's your morning call this Tuesday follow us on Twitter at letters inside or get more Reuters videos at Reuters dot com slash writers TV. I'm Lisa Bernhard this is writers.

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U.S. Morning Call: May be time for Samsung wristwatch

Tuesday, March 19, 2013 - 03:40