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From Fnno.com, This is the financial news network. Here's what's in the news for Monday August 27, 2012. The Wall Street Journal reports Apple''s (NASDAQ:AAPL) court victory over Samsung Electronics (PINK:SSNLF) cements its dominance of the wireless industry and could force carriers, and even Google (NASDAQ:GOOG), to re-evaluate their product plans and strategies. Reuters reports Nomura Holdings (NMR) is finalizing plans to cut hundreds of jobs, mainly in equities and investment banking, in an overhaul aimed at restoring its overseas operations to profitability, sources say. Reuters also reports Fox Sports (NYSE:NWSA) and the Los Angeles Dodgers began preliminary talks in May on a multi-billion dollar cable TV deal, sources say. Bloomberg reports Samsung Electronics (PINK:SSNLF), ordered by a U.S. jury to pay Apple (NASDAQ:AAPL) over $1B for infringing six mobile device patents, asked a judge to lift a ban on the U.S. sales of the Galaxy 10.1 tablet computer. The jury decided the Galaxy device didn't infringe an Apple patent so the preliminary ban on its sale should be dissolved, Samsung said in a court filing in federal court. Bloomberg also reports oil gained the most in a week as Tropical Storm Isaac closed Gulf of Mexico production and gasoline reached a four-month high after a refinery explosion in Venezuela. Oil was up 0.8% to $96.96 a barrel this morning in London and gasoline increased 4.1% to $3.205 a gallon, the highest since April. For more financial news and analysis follow us on Twitter @FNNOnline or check out our website at fnno.com.
|What's In The News: August 27, 2012|
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