* Shares up 3 percent in premarket tradingOct 13 (Reuters) - Safeway Inc , the second-largest
U.S. supermarket chain, reported a higher quarterly profit on
cost controls and sales that held up despite renewed worries
about a double-dip U.S. recession.Shares of the Pleasanton, California-based operator of
stores including Safeway, Vons and Dominick’s rose 3 percent in
premarket trading after it said third-quarter net income was
$130.2 million, or 38 cents per share. That was was up from
$122.8 million, or 33 cents per share, a year earlier.Safeway’s total revenue rose a bit more than 7 percent to
$10.06 billion, primarily boosted by higher fuel sales.Shares rose to $18.51 in premarket trading from their New
York Stock Exchange close of $17.97.
@7 months ago
#UPDATE #1Safeway #profit #up #shares #rise
Apple tried to block sales of Samsung’s flagship Galaxy line
of smartphones and tablets in the Netherlands, citing 10 patent
rights including Apple’s claim of “slavish style copying”A Dutch court ruled in August that Samsung had breached just
one of Apple’s patents and imposed a sales injunction on three
Samsung smartphone models— Galaxy S, S II and Ace — and
dismissed all other claims including model rights.The Apple patent allows for a certain method of scrolling or
browsing through photos in some Samsung smartphones.The court imposed a sales injunction of the affected
products in some European countries and offered a grace period
until Oct. 14 to address the infringement.”We’ve fixed the technological problem and upgraded products
to address the issue. They will be shortly available for sale,”
Samsung spokesman James Chung said.He declined to comment on an exact launch date.The move comes as Samsung awaits a court ruling in Australia
on Thursday over Apple’s request to temporarily ban sales of
Samsung’s Galaxy Tab 10.1 tablet in the country, a crucial
ruling that may affect pre-Christmas sales.
@7 months ago with 14 notes
#Samsung #says #upgrades #smartphones #to #avoid #Dutch #sales #ban
