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New rumors that the iPhone 5 will have a NFC (near-field communication) chip has been debunked by a tech-website called AnandTech. The website reads, “Given the primarily metal backside of the new iPhone, it's highly unlikely that NFC is in the cards for this generation. In fact, given the very little space at top and bottom dedicated to those glass RF windows, you can almost entirely rule it out.”

The $1.05 billion penalty slapped on Samsung Electronics Co. in the patent infringement lawsuit with Apple might already be showing an adverse impact on the South Korean company, as Reuters reports that the company stocks fell 7.5 percent on Monday, reducing the company's value by at least $12 billion. Now after its major victory, Apple is seeking an injunction on the Samsung products in question in the U.S. market.

private service for astronaut Neil Armstrong will take place on Friday in Cincinnati. The celebrated Apollo 11 astronaut died on Saturday of "complications resulting from cardiovascular procedures," according to the New York Times. He was 82.