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FCC chairman Julius Genachowski is trying to raise consensus among his commissioners for a proposal to allow AT&T (NYSE:T) the use of 20 MHz of spectrum in the 2.3 GHz Wireless Communications Services to create a new LTE network. According to FCC spokeswoman, Tammy Sun, and quoted by gigaom, “today’s action is part of Chairman Julius Genachowski’s continued efforts to remove regulatory barriers that limit the flexible use of spectrum, which is one way he has led the Commission towards helping address the continued ‘spectrum crunch.’”
Nokia’s (NYSE:NOK) German and Italian units have announced pricing and availability details for the company’s Lumia 920 and 820 Windows Phone 8 phones, while the Russian subsidiary has already started taking pre-orders for both devices. In Germany the Lumia 920 will cost about $ 836 and the 820 about $ 643. The phones would be available in November in Germany and Italy.
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Campbell Soup (NYSE:CPB) is forced to cut costs in an environment of declining soup consumption. It is closing two plants in the US and shedding more than 700 jobs. The plants getting shuttered are located in Sacramento and in South Plainfield.
Q3 net income at Discover (NYSE:DFS) falls 3.4 percent on an annual basis, though card sales rise 4 percent and loans are higher by 9 percent. Lower funding costs result in an improvement in the net interest margin by 18 bps. Delinquencies are reported at an all-time low of 1.81 percent while charge-offs are 2.43 percent.
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