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This Thursday, Jan. 15, 2015 photo shows a McDonald's fast food restaurant sign in Chicago. McDonald's Corp. has tapped Steve Easterbrook as its new president and CEO to succeed Don Thompson, who has helmed the burger chain about two and a half years, the company announced Wednesday, Jan. 28, 2015. (AP Photo/Nam Y. Huh)

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This Thursday, Jan. 15, 2015 photo shows a McDonald's fast food restaurant sign in Chicago. McDonald's Corp. has tapped Steve Easterbrook as its new president and CEO to succeed Don Thompson, who has helmed the burger chain about two and a half years, the company announced Wednesday, Jan. 28, 2015. (AP Photo/Nam Y. Huh)

Samsung's 4Q earnings drop 27 per cent but profit still beats forecasts

SEOUL, South Korea - Samsung Electronics Co. says its quarterly earnings dropped 27 per cent in the fourth quarter but its result beat forecasts.

The world's top smartphone maker reported Thursday that its October-December earnings were 5.3 trillion won ($4.9 billion), compared with 7.3 trillion won a year earlier.

Samsung's quarterly net ...

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