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By Miyoung Kim SEOUL (Reuters) - As the smartphone action shifts to the mass market, leaders Samsung Electronics Co Ltd and Apple Inc are under pressure to make their high-end phones more affordable to revive sales. Samsung, which said on Tuesday it would likely post a second straight quarterly profit decline, has knocked around a tenth off the price of its Galaxy S5 in South Korea, in the first such move for a marquee smartphone launch - the S5... Read more...
Canadian department store operator Hudson's Bay Co , which bought U.S. luxury chain Saks Inc last year, forecast weaker-than-expected 2014 earnings as it spends more to build up its online shopping sites. Hudson's Bay shares fell as much as 9 percent, making the stock one of the biggest losers on the Toronto Stock Exchange as the company also reported a steep fall in fourth-quarter profit. The company said it expects adjusted earnings... Read more...
By Marc Jones LONDON (Reuters) - A three-day sell-off in world stocks slowed on Tuesday as investors settled into position for the start of U.S. earnings season and gains in China added to signs of revived emerging-market demand. European shares and bonds were both dragged down by ongoing caution, amid renewed tension in Ukraine and signs the European Central Bank may not be as eager to begin large-scale stimulus as had been hoped. "The QE... Read more...