FYI: Business
BY Staff and Wire Reports
Tuesday, November 06, 2012
11/06/12 at 4:05 AM
Samsung Galaxy S III sales pass 30 million
Samsung said Monday it has sold more than 30 million flagship Galaxy S III smartphones in about five months, making it one of the fastest selling smartphones in the world.
Samsung Electronics Co., the world's biggest mobile phone maker, launched the smartphone at the end of May, months before competitors began shipping the latest versions of their top phones.
The Seoul, South Korea-based company said the Galaxy S III is selling at a much faster rate than its predecessor announced a year ago, the Galaxy S II.
The S II took 14 months to hit 30 million sales. Sales of the Galaxy Note II, which fills a market niche between smartphones and tablets, surpassed 3 million in 37 days, Samsung said last week.
Williams Partners closes deal for Louisiana plant
Williams Partners LP has completed its $2.36 billion acquisition of Williams Cos. Inc.'s olefins production facility in Geismar, La., the Tulsa-based natural gas companies reported Monday.
The deal also includes Gulf region pipelines.
Williams Partners will be responsible for completing an ongoing expansion at Geismar projected to cost about $270 million.
The partnership will pay $25 million in cash and issue 42.8 million limited partner units to Williams Cos.
Williams Partners owns and operates interstate pipelines and processing systems.
Williams Cos. owns approximately 70 percent of the partnership, including the managing general-partner interest.
