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Apple claims Samsung copied iPhone technology

SAN JOSE, California — An attorney for Apple told a jury Tuesday that bitter rival Samsung faced two options to compete in the booming cellphone market after Steve Jobs introduced the iPhone to critical acclaim in 2007: Innovate or copy.

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HSBC takes $2b hit for US and UK flaws

HSBC Holdings Plc, the British bank accused of laundering money for Mexican drug lords, apologised to investors for compliance failings as it set aside $2 billion more to cover the costs of regulatory fines and lawsuits.

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Du profit climbs 57%

The UAE telecom company du on Monday posted a 57 per cent increase in second quarter profit before royalties compared with the same 2011 period on growth in revenues as it increased the subscriber base.

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