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Samsung: Galaxy III Sales Hit 20 Million

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  • Description

    FBN's Tracy Byrnes breaks down afternoon market news.

  • Duration 0:56
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With Melissa Francis.

-- -- Fox Business briefed on the rally hand washing continues with the S&P 500 hitting its highest level since may of 2008.

Right now the Dow -- up about 238 points.

And more securities announces a billion dollar cost cutting efforts worldwide with a massive layoffs under -- here in the United States.

According to our own senior correspondent Charlie Gasparino the layoffs will target equity businesses here in the US with hundreds of jobs potentially at risk.

One -- telling Gasparino that the equity business has been decimated.

Telling Gasparino that the equity business has been decimated as well.

The global sales of Samsung galaxy S three tops the 200 million mark in just over three months.

The seven cream company -- brisk sales of the device are helping it maintain its lead in the Smartphone market.

That's -- latest from the Fox Business Network giving you the power.

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