“The Street thought RIM’s Q1 was an easy beat-and-raise layup, but the BlackBerry maker (narrowly) missed both revenue and EPS estimates, and issued weak profit and subscriber addition guidance for Q2. Shares traded down 10% after-hours, below $129, and will almost certainly drop Thursday morning.”
(Read more…)
RIM Spending Now To Keep Growth Going
Dubai ’shape-shifting skyscraper’ unveiled
Ambitious plans to build a revolutionary 420-meter shape-shifting skyscraper in Dubai have been unveiled by architects. (Read more...
Citi poised to fire thousands
Citigroup is readying to cut 10% of 65,000-person investment banking group worldwide, The Wall Street Journal reports. (Read more...)
Oil prices surges despite Saudi pledge
Oil prices rose Monday as investors shrugged off Saudi Arabia’s pledge to increase its oil production if needed, focusing instead on disruptions to Nigerian supply and heightened Middle East tensions. (Read more...)
