Galaxy S III sales to hit 10 million next month

SEOUL, South Korea (AP) — Samsung Electronics Co. expects worldwide sales of the latest Galaxy smartphone to surpass 10 million in July.

Samsung's mobile business president Shin Jong-kyun said on Monday that the Galaxy S III will reach the milestone two months after its launch.

The estimate reflects robust demands from mobile operators. Unlike Apple Inc., Samsung does not disclose sales figures to consumers.

The Korean company says the S III will be released by nearly 300 mobile carriers around the world by the end of July.

Samsung overtook Nokia as the world's biggest mobile-phone maker in 2011 and competes with Apple for the top smartphone maker position. It aims to double its smartphone sales this year to nearly 200 million phones.

View the original article here

Federal Signal to sell technology business to 3M for $110 million

(Reuters) - 3M Co will expand its traffic safety division by paying $110 million for the electronic tolling business of Federal Signal Corp, a safety and transportation systems maker, sending Federal Signal shares up 18 percent in early trading.
Federal Signal, which had outstanding debt of $235.6 million as of March 2012, said it would use the proceeds to reduce debt.