Apple Loses Bid for Order In Effort To Block Samsung Galaxy

The Samsung Electronics Co., the world’s largest maker of mobile phones, rose in Seoul trading after Apple Inc. lost a bid to block sales of the South Korean company’s Galaxy phones and tablet computers in the U.S. The U.S. District Court in San Jose, California, ruled Dec. 3 against Apple’s plea to ban Samsung from selling its 4G smartphone and Galaxy Tab 10.1 tablet computer in the country.

The company gained as much as 2.2 percent to 1.07 million won, before trading 1.5 percent higher at 10:53 a.m. The benchmark Kospi index fell 0.1 percent.The victory builds on an Australian court ruling last month that lifted an earlier injunction on the tablet in the country. Samsung and Apple have filed at least 30 suits against each other on four continents since April.

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The spectrum transfer, if approved by the government, will allow Verizon to further expand its wireless data networks.

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