Jun 5 - The U.S. International Trade Commission ruled that Apple had infringed on a Samsung patent and imposed a sales ban on older iPhones and iPads.
Samsung apple battling it out at the top of Wednesday's morning com. Samsung wins the latest round -- the patent wars the US international trade commission ruling could take some of Apple's big sellers off the market. The ruling that apple infringed a patent used to transmit data wirelessly on a three G network. It could put it just tells of some iphones and ipads in the US you're looking at the list of products that -- potentially ban. This pretty much covers most models sold by AT&T. Gene Munster of Piper Jaffray estimates that global sales of iPhone four brought apple 3.4 billion dollars last quarter. The new iPhone 5 escape the ban good news for apple because Munster estimates that phone will racked up sales up fourteen point nine billion. Shares of apple slightly lower in the premarket down around 15% this year. And remember there's more Vista comes Samsung is battling apple in court in ten other countries. The weaker yen hitting some non Japanese companies where it hurts particularly US airlines like United Continental. It's CEOs say the currency's all could affect ticket prices and the number of -- offered from flights to and from Japan. Yen depreciation has already cost united about twenty million dollars in passenger revenue this year. United shares just 35% and 2013 but on slightly in the past few weeks. Delta Airlines also said passenger revenue fell by one percentage point today from a year ago because of the end effect. The suspense is killing us over these sprint shareholder votes and how Procter proxy advisory firm glass lewis' time sprint shareholders. Not to vote on -- bank's takeover bid next week. Because it is potentially superior offer its bonafide says classless. If your sprint shareholder in the 27%. This year may compensate. All the suspense. And once stock that will soon hit the market American homes for rent. The -- filed for one point two billion dollar IPO yesterday it's among a host of companies looking to buy foreclosed homes. And rent out to take advantage of rising rents and recovering US housing market. And don't forget to check at this apps in the bottom of your screen. This way as we move on to market Dow S&P and NASDAQ futures all pointing to a lower open today. In bonds double line capital you're forgotten -- saying he expects yields on the ten year notes and 2013 at one point 7%. That's lower than the current 2%. We've also got the economic data due out today and Wall Street is expecting three major numbers to show growth in the US economy. Markets could take that as a sign that the Fed may slowed to its bond purchases. And that could -- stocks volatile day and investors will get a more direct peek into the Fed's thinking with its release that age but at around 2 PM -- That's it for your Wednesday morning caller follow us on Twitter at latest insider that work great if you later dot com flatly.