Stuart Jeffrey News
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Apple Inc. Chief Executive Officer Tim Cook is feeling the heat.
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Research In Motion Ltd. investors, who anticipate a glimpse of the delayed BlackBerry 10 operating system this week, will have to wait at least five months before seeing a rebound in sales.
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Research In Motion Ltd., maker of the BlackBerry smartphone, pared gains in Nasdaq trading after analysts said a buyout is unlikely as company executives focus on guiding their own turnaround.
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U.S. stocks had the biggest weekly retreat since June as the International Monetary Fund reduced its global growth forecasts and projections from Advanced Micro Devices Inc. and Alcoa Inc. disappointed investors.
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U.S. stocks slid amid concern corporate earnings will disappoint investors and after the International Monetary Fund cut growth forecasts. Oil surged as Mideast tensions flared; Treasuries rose and the euro weakened.
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Research In Motion Ltd. has lost so much value that an acquirer could pay a 50 percent premium and still buy the BlackBerry maker for a lower multiple than any company in the industry.
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U.S. stocks dropped, sending the Standard & Poor’s 500 Index lower for a third day, after the International Monetary Fund cut estimates for global growth and investors awaited quarterly results from Alcoa Inc.
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Nokia Oyj’s handset revenue estimates were cut by Nomura Holdings Inc. analysts after Microsoft Corp. said the Finnish company’s current Lumia phones won’t be supported by its upcoming mobile operating system.
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Nokia Oyj Chief Executive Officer Stephen Elop, seeking to stem market-share losses to cheap Android smartphones and unbranded handsets, will get his first opportunity tomorrow to win back Asian customers.
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Nokia Oyj, the Finnish smartphone maker using Microsoft Corp.’s operating system, fell to a 16- year low after analysts said sales may be hurt as the U.S. supplier’s new program won’t work on its current phones.
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