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Wal-Mart Stores Inc.’s warehouse unit Sam’s Club will sell Apple’s iPad and iPhone.
The world’s largest retailer said at an investor meeting in Wednesday it is expanding Sam’s Club electronics and jewelry sections and will carry the popular tablet computer. Get the full story »
The World Trade Organization adopted a ruling Tuesday condemning controversial European duties on electronics products after the European Union declined to appeal against the verdict by WTO judges. Get the full story »
Japan’s trade ministry has ordered Apple Inc’s Japan unit to state on its website that users who are concerned about their iPod nano portable music player catching fire can receive a replacement battery.
The ministry ordered Apple to publish an “easy to understand” statement online explaining how users of the devices — responsible for four cases of minor burns in Japan — can receive replacement batteries and obtain advice, a spokesman for the ministry said on Friday. Get the full story »
Electronic connector maker Molex Inc., based in Lisle, posted better-than-expected quarterly results, helped by strength in its data and telecom markets, and forecast first-quarter results above analysts’ estimates. Get the full story »
Sony Corp. lifted its annual outlook and returned to profitability in the first quarter on booming demand for its Bravia flat TVs and PlayStation 3 game consoles.
Rivals Panasonic Corp. and Sharp Corp. also reported profits for April-to-June versus losses a year ago, while Panasonic joined Sony in upgrading its forecast as both cashed in on growing sales in emerging markets. Get the full story »
Motorola Inc. is planning to funnel billions of dollars to its money-losing cellphone business when it splits off into a separate company next year.
Under a structure now taking shape, Motorola is planning to buy back most of its debt and give the bulk of its remaining cash — roughly $3 billion to $4 billion — to a new company centered on the cellphone unit, according to people familiar with the matter.
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