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Los Angelas, CA -- (SBWIRE) -- 12/17/2012 -- Microsoft (NASDAQ:MSFT) announced increased production and expanded availability of its new Surface PC this week. The company said in a statement that it will be keeping temporary Microsoft "holiday stores" open into the New Year, and even converting some locations into permanent Microsoft retail outlets. Additionally, the company confirmed that it will have the Surface at other retail locations by "mid-December." Microsoft Corp and Google Inc's Motorola Mobility unit have requested a federal judge in Seattle to keep secret from the public various details from their recent trial concerning the value of technology patents and the two companies' attempts at a settlement. Microsoft and Motorola, acquired by Google earlier this year, are preparing post-trial briefs to present to a judge as he decides the outcome of a week-long trial last month to establish what rates Microsoft should pay Motorola for use of standard, essential wireless technology used in its Xbox game console and other products.
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Apple (NASDAQ:AAPL) dragged down the broad market today, falling 3.8% to its lowest level since February, and is now down 28% since its all-time high in September. Today's stumble came, in part, from UBS's decision to cut its price target on the tech titan from $780 to $700. Also pushing it down was news that the iPhone 5 supposedly received an underwhelming reception in its China debut today, though that seems to be because most of the sales are coming through retail partners and not at Apple stores. There are at least 400,000 pre-orders for the phone in China.
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GE (NYSE:GE) has increased its quarterly dividend, the company announced today in an official press release. The payout will increase by $0.02, to $0.19 per share of common stock. It is payable to shareholders of record as of December 24, and will be paid on January 25. GE's board also authorized an expansion of the size and time frame of the company's stock repurchase program. According to the release, $10 billion more has been approved for buybacks, and the program will run through 2015. Its previous deadline was end-year 2013, and it had around $4.9 billion in remaining authorization. The dividend increase marks the third time in five years that the company has lifted its quarterly payout.
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Ford (NYSE:F) Americas Chief Joe Hinrichs, while speaking to reporters this morning, claimed the company’s hybrid vehicles were selling well despite the concerns raised in the media about their fuel consumption in MPG. He also disclosed that the company had opened discussions with the EPS regarding the MPG testing for hybrids and would evaluate any changes needed.Ford Motor Compan (NYSE:F) is very active today and traded between $11.03 - 11.27 with total traded volume of 36936324 shares. At a current price of 11.10, F is -0.17 - -1.51% from the previous close of $11.27. Moreover, At Current Market Price, F is in distance of -0.16% from its 50-day Moving Average price of $11.1182 and +9.40% from its 200-day Moving Average price of $10.1465.
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