[Reuters] Samsung up after Apple's bid to ban Galaxy rejected

Posted by: UGN Security

[Reuters] Samsung up after Apple's bid to ban Galaxy rejected - 12/05/11 03:02 PM

SEOUL (Reuters) - Shares in Samsung Electronics Co Ltd rose more than 2 percent on Monday after Apple Inc's bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter.