Monday, December 5, 2011

Samsung up after Apple bid to ban Galaxy sales rejected (Reuters)

SEOUL (Reuters) ? Shares in Samsung Electronics Co rose nearly 2 percent early on Monday after a U.S. court rejected a bid by Apple Inc to ban sales of Samsung's Galaxy line of products in the United States.

The ruling deprived the iPhone and iPad maker of crucial leverage in a global patent battle between the two companies.

Shares in Samsung climbed 1.5 percent minutes after the market open, versus the wider market's around 0.6 percent rise.

(Reporting by Miyoung Kim; Editing by Jonathan Hopfner)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111205/bs_nm/us_samsung_shares

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