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By Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd on Wednesday said it would post its first quarterly profit gain in two years, beating expectations as strong sales of chips and displays probably offset weakness in its smartphone division. The South Korean tech giant estimated its July-September operating profit would leap 79.8 percent from a year earlier to 7.3 trillion won ($6.29 billion), compared with a 6.7 trillion won profit tipped by a Thomson Reuters SmartEstimate poll of 30 analysts. While analysts attributed much of the earnings surprise to the weaker won, Samsung's shares were on track for their biggest daily percentage gain in nearly 4 years in midday trade as investors saw an end to successive quarters of declining earnings.
COLUMBIA, S.C. (AP) — The family of Miss South Carolina 1954 found her flood-soaked pageant scrapbook on a dining room floor littered with dead fish on Tuesday, as the first sunny day in nearly two weeks provided a chance to clean up from historic floods.
Philippine boxing hero Manny Pacquiao announced Wednesday he would likely retire next year after one last fight to focus on a career in politics, hopefully as a senator. The Rags-to-riches Philippine idol Manny Pacquiao has previously said his greatest fight is to battle poverty, winner of an unprecedented eight world titles in as many weight divisions and at times touted as a future president of the Philippines, said he had taken career advice from God. Pacquiao turned professional when he was 16 years old and has won 57 fights, including 38 knockouts while losing six, three of them knockouts.