News Summary: LG Electronics' profit falls

Associated Press
News Summary: LG Electronics' profit falls

A boy watches a 3D animation movie at a display for LG Electronics products inside the COEX Mall in Seoul, South Korea, Wednesday, July 25, 2012. LG Electronics reported a lower quarterly profit as its mobile phone division sank to a loss, underlining the challenges for its smartphone business as it struggles with competition from Apple and Samsung. (AP Photo/Hye Soo Nah)

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