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An announcement by the European Commission that it would investigate alleged dumping of solar product in Europe by Chinese manufacturers may be too little, too late, considering the lead already taken by Asian companies over European rivals. First Solar, Inc. (NASDAQ:FSLR) may benefit.
Samsung’s (SSNLF.PK) Galaxy SIII smartphone has sold 20 million units, according to an announcement by the company. Up to six weeks ago, the phone had sold 10 million units, and the company’s muscle in the mobile industry is taking a toll on other Android phone makers, who are disadvantaged by its R&D base, advanced display technology and internal supply chain of components.
According to Chesapeake (NYSE:CHK) CEO Aubrey McClendon, the company may soon put its Mississippi Lime acreage on the block or spin off into a JV, as part of a move to dispose of about $11.7 billion in assets by Q3 end. Most of the assets in the west Texas Permian Basin may also be sold, according to McClendon.
NBC’s (NASDAQ:CMCSA) hopes to leverage hockey as a means to lure viewers into its other sports programming, after its successful Olympics foray, could be dashed if a labor dispute in the sport remains unresolved by the beginning of season.
Shares of casual footwear maker Wolverine World Wide (NYSE:WWW) fall after it discloses at a conference that Q3 EPS and revenue may fall short of street expectations.
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