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After bookings for DRAM and NAND memory chips to be used in the new iPhone from Apple (NASDAQ:AAPL) had been tapering off at Samsung (SSNLF.PK), latest news says that some orders for these chips have been cut by Apple and farmed out to Elpida, Toshiba and SK Hynix. Apple is, however, still solely dependent on Samsung for the supply of Apple-designed microchips that go into the phone and the iPad.
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News Corp. (NASDAQ:NWS) A$1.94 billion (about $2 billion) deal to acquire Consolidated Media is likely to help the former boost its share in Australian pay TV, but Kerry Stokes’ Seven Group, who holds 25.3 percent in Consolidated, is said to be considering a counter-bid.
Forex fluctuations could trim 2013 earnings by $0.15 at Mondelez, the Kraft (NYSE:KFT) owned international business scheduled to be spun off in October. Kraft now expects revenues to grow 5-7 percent and an EPS of $1.50 – $1.55, less than market expectations.
Delta Airlines (NYSE:DAL) plans to use domestic crude oil produced in North Dakota as feedstock for its Pennsylvania refinery, as it is cheaper than imported crude and hence result in savings for the carrier.
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