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South Korean giant Samsung Electronics posted an 8.0 percent fall in second quarter net profit Thursday and promised "flexible" pricing of its new flagship smartphone after less than stellar sales contributed to a slump in its mobile unit's earnings. The world's largest smartphone maker said net profit for the April-June period stood at 5.75 trillion won ($4.9 billion), down from 6.25 trillion won a year ago and slightly below analyst estimates. The market reacted negatively, with Samsung shares down 2.5 percent in morning trade.
Saint-André (France) (AFP) - Aviation investigators headed to the French Indian Ocean island of Le Reunion on Thursday to determine whether a piece of plane wreckage that washed up on its shores is part of missing Malaysia Airlines flight MH370. The discovery fuelled hopes in Malaysia and across the globe that one of aviation history's greatest mysteries could move closer to being solved, but authorities and Malaysia Airlines warned against jumping to conclusions. French, Malaysian, and Australian authorities have all begun looking into the object's origin, with Malaysia saying it was sending a team of experts to the island on Thursday.