International Business News - RIMM http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Among the earnings stories for Wednesday, July 2, from AP Financial News: FAIRVIEW, Pa. (AP)--Spectrum Control Inc., an electronic-control product maker, said Wednesday its second-quarter profit dropped 21 percent, due in part to lower-than-expected shipments. http://www.ibtimes.com/articles/20080702/earnings-roundup-spectrum-control-demandtec.htm Wed, 02 Jul 2008 18:04:38 EDT A rocky week for tech stocks and the rest of Wall Street closed Friday with the official end to Bill Gates' full-time tenure at Microsoft Corp. Gates, who dropped out of college to launch Microsoft with Paul Allen in 1975, is going part-time as chairman to spend more time on his charitable foundation. He leaves Microsoft at a time when the company is struggling to beat Google Inc. in the online advertising market, after Yahoo Inc.'s snub of its $47.5 billion buyout bid, and following the lackluster launch of its latest operating system, Windows Vista. http://www.ibtimes.com/articles/20080627/tech-roundup-bill-gates-moves-on.htm Fri, 27 Jun 2008 17:02:24 EDT Rising oil prices affected many companies this week and produced a bevy of movers, while shares of Citigroup Inc. traded on news that the bank is about halfway done cutting 10 percent of the 65,000 employees in its investment banking unit. http://www.ibtimes.com/articles/20080627/hot-stocks-of-the-week-c-ups-ba-rimm-ande.htm Fri, 27 Jun 2008 16:36:06 EDT Most handset stocks fell Friday, with Palm Inc. leading the downward movement after the company reported fiscal fourth-quarter results that missed analysts' views and posted an outlook that losses will continue in the first quarter. http://www.ibtimes.com/articles/20080627/sector-snap-handset-stocks-mostly-decline.htm Fri, 27 Jun 2008 14:39:07 EDT The Nasdaq 100 index slipped in midday trading Friday as the markets wobbled on record-high oil prices, a weak consumer sentiment reading and a government report showing personal spending rose in May. http://www.ibtimes.com/articles/20080627/midday-leaders-and-laggards-nasdaq-100.htm Fri, 27 Jun 2008 12:23:44 EDT Virgin Mobile USA Inc. is buying Helio LLC, a struggling cell phone carrier that was founded to bring the advanced features of South Korean phones to the U.S. market. http://www.ibtimes.com/articles/20080627/virgin-mobile-to-buy-helio-for-39m.htm Fri, 27 Jun 2008 17:16:03 EDT A Credit Suisse analyst downgraded shares of Nokia Corp. late Thursday, predicting it will have trouble maintaining its share of the smartphone market. http://www.ibtimes.com/articles/20080627/ahead-of-the-bell-credit-suisse-cuts-nokia.htm Fri, 27 Jun 2008 08:29:06 EDT Mobile phone maker Sony Ericsson warned Friday that it will just break even in the second quarter as worsening market conditions cut into sales. Shares of the Stockholm-based company tumbled nearly 10 percent to 60 kronor ($10.02). http://www.ibtimes.com/articles/20080627/sony-ericsson-sees-market-challenges-hurting-2q.htm Fri, 27 Jun 2008 10:26:01 EDT European stock markets were mixed Friday in the wake of steep falls on Asian and U.S. exchanges as oil prices hit a record $142 a barrel. Germany's DAX-30 fell 0.46 percent at 6,429.890, the French CAC-40 fell 0.13 percent at 4,420.25 and London's FTSE 100 rose 0.13 percent to 5,525.40. http://www.ibtimes.com/articles/20080627/asian-stocks-sink-on-fears-over-oil-us.htm Fri, 27 Jun 2008 10:36:29 EDT At least one analyst was bearish on Palm Inc.'s softening margins, after the Treo and Centro smart phone maker posted a fiscal fourth-quarter loss. After Thursday's closing bell, Palm said sales of higher-margin Treos slowed and helped offset strong sales of its cheaper, low-margin Centro devices. http://www.ibtimes.com/articles/20080627/ahead-of-the-bell-palm-swings-to-quarterly-loss.htm Fri, 27 Jun 2008 06:21:54 EDT Asian stock markets tumbled Friday amid growing alarm as oil prices spiked above $141 a barrel for the first time and Wall Street plummeted overnight. http://www.ibtimes.com/data/articleimgs/80542-japan-markets.jpg http://www.ibtimes.com/articles/20080627/asian-stocks-fall-on-fears-over-oil-us.htm http://www.ibtimes.com/articles/20080627/asian-stocks-fall-on-fears-over-oil-us.htm Fri, 27 Jun 2008 05:54:05 EDT The Nasdaq 100 index plunged on Thursday as negative news in the automotive and financial sectors and a spike in crude oil prices weighed on Wall Street. http://www.ibtimes.com/articles/20080626/nasdaq-100-leaders-and-laggards-bbby-rimm.htm Thu, 26 Jun 2008 17:03:23 EDT Shares of staffing companies declined on Thursday and followed the broader market lower, as the Labor Department said new applications filed for unemployment insurance held steady at a lofty level of 384,000. http://www.ibtimes.com/articles/20080626/closing-glance-staffing-stocks-decline.htm Thu, 26 Jun 2008 16:09:28 EDT Among the earnings stories for Thursday, June 26, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080626/earnings-roundup-discover-rite-aid.htm Thu, 26 Jun 2008 17:44:01 EDT Among the sector activity stories for Thursday, June 26, from AP Financial News: NEW YORK (AP)--Continued concern about deterioration in the credit markets has shares of financial-services firms tumbling Thursday, with most slipping more than broader market indexes. http://www.ibtimes.com/articles/20080626/sector-roundup-financial-services-semiconductors.htm Thu, 26 Jun 2008 14:40:16 EDT Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080626/lennar-citigroup-rite-aid-among-big-movers.htm Thu, 26 Jun 2008 18:54:11 EDT The handset sector traded lower Thursday, led by Research In Motion Ltd., whose shares sank after the BlackBerry maker reported a fiscal first-quarter profit below analysts' estimates and gave lower-than-anticipated guidance. http://www.ibtimes.com/articles/20080626/sector-snap-handset-stocks-fall-after-rim-report.htm Thu, 26 Jun 2008 14:13:57 EDT With Apple poised to release an updated iPhone model in July and Sprint Nextel Corp. selling Samsung's similarly styled Instinct, touch-screen smart phones are increasingly visible and those with full keypads suddenly seem almost old-fashioned. http://www.ibtimes.com/articles/20080626/market-spotlight-smart-phone-inputs.htm Thu, 26 Jun 2008 14:08:11 EDT Semiconductor stocks turned broadly lower Thursday following Wednesday's rally, with some companies down after BlackBerry smart phone maker Research in Motion Ltd. disappointed investors with its forecast for the current quarter. http://www.ibtimes.com/articles/20080626/sector-snap-semiconductors-down.htm Thu, 26 Jun 2008 13:54:16 EDT Shares of Research in Motion Ltd. tumbled at market open Thursday after the smart phone maker posted a fiscal first-quarter profit that missed Wall Street estimates and offered a lower-than-expected outlook. http://www.ibtimes.com/articles/20080626/out-of-the-gate-research-in-motion-tumbles.htm Thu, 26 Jun 2008 14:33:07 EDT