Wall Street Breakfast SeekingAlpha via Yahoo! Finance A wholesome summary of this morning's key market- and stock-moving stories. Motorola Profit Drops 45% After Year-Earlier Gain Update1 Bloomberg.com Oct. 17 (Bloomberg) -- Motorola Inc., the world's second- biggest maker of mobile-phones, said third-quarter profit fell 45 percent after a year-earlier gain. The shares fell as the company reported its smallest sales increase in five quarters. Motorola Profit Drops 45% After Year-Earlier Gain; Sales Rise Bloomberg.com Oct. 17 (Bloomberg) -- Motorola Inc., the world's second- biggest maker of mobile-phones, said third-quarter profit fell 45 percent after a year-earlier gain. Sales rose on higher demand in India and China. Confessions of a cell phone junkie CNET Sure, network quality matters. But more and more consumers are making cool phones a top priority when deciding on a new cellular plan. Photos: Phones that sing Blackstone May Sell Mobile-Tower Company, People Say Update1 Bloomberg.com Oct. 12 (Bloomberg) -- Blackstone Group LP, manager of the world's biggest buyout fund, is seeking to sell its mobile-phone tower company, said two people familiar with the firm's plans. Judge: Qualcomm infringed on Broadcom patent CNN Money Judge doesn't ban cell phones with Qualcomm chips; shares jump. WASHINGTON (Reuters) -- An administrative law judge on Tuesday said Qualcomm Inc. had infringed a Broadcom Corp. patent, but he stopped short of banning U.S. sales of cell phones equipped with Qualcomm chips. Around the nation Houston Chronicle BREWING Buyout talk lifts Anheuser shares Shares of Anheuser-Busch Cos. rose 2 percent Tuesday in heavy trading to its highest price in a month, as investors weighed the possibility that the No. 1 U.S. brewer could be bought out by activist investor Edward Lampert. Digest Worcester Telegram & Gazette PHILADELPHIA - Sovereign Bancorp's board of directors late last night continued to discuss whether or not to fire its chief executive. The board meeting began at 11 a.m. yesterday. Sovereign's directors had called a meeting to discuss the fate of Chairman and CEO Jay Sidhu and to reconfigure the board of the Philadelphia-based thrift. MIDDAY BUSINESS REPORT: FTC settlement says company will stop selling phone, credit information Kansas City Star An Internet business has agreed to stop advertising and selling consumers’ private phone and credit information, which it allegedly obtained under false pretenses. Seen + Heard — October GPS World After GPS World's June 2006 Innovation article "Searching for Galileo" by Mark Psiaki and colleagues showed how the Cornell University researchers cracked the code broadcast by Galileo's GIOVE-A satellite, European media quickly weighed in.
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