Samsung Says It's Making More Money Than Apple, Now

Riding the wave of gadget goodness from the Consumer Electronics Show in Las Vegas, Samsung released a pretty impressive set of fourth quarter earnings estimates, including a record high profit. The South Korean electronics manufacturer says that it will make $8.3 billion in profits on $52.7 billion in revenue. That's a shade better than Apple's own record high profit of $8.2 billion on just $32...

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Samsung sees record-high 4Q profit

SEOUL, South Korea (AP) — Samsung Electronics Co., the world's largest technology company by revenue, expects record earnings for the fourth quarter of 2012 as shoppers continued to snap up its smartphones and tablets.The company said Tuesday its operating profit for the October-December quarter would be about 8.8 trillion won ($8.3 billion), up 89 percent from a year earlier and higher than expectations....

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Asia stocks down ahead of US corporate earnings

 Asian stock markets headed lower Tuesday as investors turned cautious before U.S. earnings season kicks off this week.Investors will get a feel for corporate America's outlook as earnings reports start coming. Aluminum producer Alcoa Inc. will unofficially launch the reporting season for the fourth quarter of 2012 on Tuesday after U.S. markets close.Events during the quarter such as Superstorm...

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5 die in plane crash in French Alps

PARIS (AP) — Police say five people have died after their plane crashed shortly after taking off from an airport in the French Alps.The plane crashed in a forest in an uninhabited area outside Grenoble, a city that is the gateway to the mountain resorts of the Alps in southeastern France.An official with the French gendarmerie said the plane crashed Saturday shortly after it took off from Grenoble's...

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Family of 5 dies in plane crash near French Alps

PARIS (AP) — A Moroccan family of five returning home died Saturday when their plane crashed shortly after takeoff from an airport near the French Alps, officials said.The twin-engine plane hit a hill and crashed in a forest in an uninhabited area outside Grenoble, a city that is the gateway to the Alpine resorts in southeastern France.Bruno Charlot, a local government official, said all five aboard...

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6 Russians die in snowmobile crash in Italy

ROME (AP) — Six Russians were killed and two seriously injured when the snowmobile and sled they were riding veered off an Italian Alpine ski slope at night, slammed into a barrier and flew through the air into a ravine.The accident occurred Friday, and when rescuers arrived at the scene six of the victims were found dead on the slope of Mount Cermis, in the Trentino-Alto Adige region of northeast...

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Eli Lilly banks on cost controls for higher 2013 profit

(Reuters) - Eli Lilly and Co said on Friday it expects profit in 2013 to increase by more than Wall Street had been forecasting, primarily due to cost controls and improved productivity.Lilly, whose shares were up nearly 4 percent on Friday, said 2013 sales will be flat to a bit higher, despite the loss of patent on its $5 billion-a-year antidepressant, Cymbalta, in December.The Indianapolis-based...

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