Shares of Research in Motion jumped in after-hours trading Thursday after the maker of the BlackBerry wireless device reported earnings that topped expectations. - RIM, based in Waterloo, Ont., said its third-quarter profit more than doubled to $370.5 million US (65 cents a share), up from $175.2 million US (31 cents a share) in the same quarter a year ago. RIM reports in U.S. dollars. - "We are pleased to see continuing growth amongst business and government users, with the BlackBerry platform being deployed for a widening range of applications, and we are also pleased with the excellent consumer sales results achieved so far in the holiday buying season," RIM co-CEO Jim Balsillie said in a statement. - Analysts had been expecting profit of 62 cents a share, on average. - "They keep with the record of always beating the estimates of the street," Nick Bontis, a professor at the DeGroote School of Business, told CBC News. "As long as...
Asia stocks ended the week on a high note with investors soothed by signs of bigger than expected economic growth figures in the United States. Exporters such as Toyota were among the top gainers....
A bleak day for Asian investors with both stocks and the dollar tumbling on fears of a global credit squeeze. News that U.S. bank JPMorgan Chase stepped in to buy ailing peer Bear Stearns sparked...
Asia stocks fell on Friday with inflation worries magnified by record high oil prices and slowing economic growth. News that Japan's annual inflation rate rose to a decade high also unnerved...
Asia stocks largely gained on Thursday with investors gaining confidence following solid business spending data out of the United States. Japan's Nikkei rose 3 percent (14,124) its best daily gain...
Asia stocks dropped for a fourth consecutive session on Wednesday with sky high oil prices and inflation woes punishing markets across the region. Japan's Nikkei fell 1.3 percent (13,286 ) with...
A confidence boosting cash injection into troubled banks soothes investors MOREINFO: Expectations the U.S. Federal Reserve will cut rates this week also boosts confidence. SCRIPT: Asia stocks...
Asia stocks slid on Monday with investors worried about rising inflation and sluggish U.S. economic growth. Japan's benchmark Nikkei fell 2.3 percent (13,690) its biggest fall in six weeks....
Stocks rose on Thursday (May 1) as a rebound in the dollar and retreating oil prices calmed fears about inflation, renewing investors' appetite for riskier assets, including undervalued technology...
Asia stocks slid on geopolitical tensions on Friday, while gold and oil prices rose. MOREINFO: Japan's stock market ended the trading year on a sour note with markets shut for a holiday on Monday....
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