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THE failure of Lehman Brothers on Sept 15, 2008 marked the beginning of the end of the world’s love affair with financialisation.
WASHINGTON: A U.S. trade panel on Friday ruled that South Korea's Samsung Electronics Co Ltd infringes on portions of two Apple Inc patents on digital mobile devices, a decision likely to inflame passions in the long-running dispute.
WASHINGTON: Some older Samsung Electronics Co. mobile devices face a sales and import ban in the United States after a U.S. trade panel ruled for Apple Inc. in a high-profile patent infringement case.
As to be expected, markets ignored the “if” and the “could” and freaked out with the usual knee-jerk reaction, as though the Fed would start winding-down later in the year the QE3 easy money policies (currently at a US$85bil monthly clip in asset purchases) and bring it to a halt by mid-2014. Investors fled stocks and bonds, fretting the era of ultra-low interest rates and abundant easy central bank cash may soon end, resulting in interest rate hikes and falling bond prices.
SEATTLE: Microsoft Corp has sold 100 million Windows 8 licenses in the six months since launch, roughly in line with the previous version, but wants to combat sputtering interest in its flagship software with a substantial update to make it easier to use, and compatible with smaller tablets.