The Ticker

Apple gets U.S. reprieve for banned devices

Apple can continue selling its iPhone 4 and iPad 2 3G in the United States after receiving a reprieve from an import ban won by Samsung Electronics Co.

U.S. Trade Representative Michael Froman yesterday overturned the ban, imposed by the U.S. International Trade Commission on June 4 after it found that some older models of Apple devices infringed on a patent for a way data are transmitted.

Apple had been ordered to stop importing versions of the Chinese-made iPhone 4 and iPad 2 3G designed for networks run by AT&T Inc., T-Mobile US Inc. and two regional carriers in Texas and Alaska. Cupertino, Calif.-based Apple was counting on the Obama administration's increased interest in patent disputes to sway the president.

No president has overturned an ITC import ban since Ronald Reagan did it in 1987, in a case involving Samsung computer-memory chips.

TOMORROW

• Institute for Supply Management releases its service sector index for July.

TUESDAY

• Commerce Department releases international trade data for June.
• Labor Department releases job openings and labor turnover survey for June.
• CVS Caremark, Walt Disney and 21st Century Fox report quarterly earnings.

WEDNESDAY

• Federal Reserve releases consumer credit data for June.
• Time Warner reports quarterly earnings.

THURSDAY

• Labor Department releases weekly jobless claims.
• Freddie Mac, the mortgage company, releases weekly mortgage rates.

FRIDAY

• Commerce Department releases wholesale trade inventories for June.

Timothy Dailey has been named to the position of indirect lending sales officer at Bristol County Savings Bank. Dailey is responsible for managing the relationships of the bank's auto dealer customers.

Interactions Corp., a leading provider of natural language virtual assistant technology, announced that Elizabeth Lemons has joined the company as chief people officer. Lemons, who brings over 30 years of human resources experience, will be responsible for Interactions' workforce planning, talent acquisition, onboarding and human resources.

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