TORONTO (Reuters) - Research In Motion Ltd fell in early trading on Friday following the BlackBerry maker's Thursday earnings announcement, when the company outlined plans to change the way it charges for services.
RIM, pushing to revive its fortunes with the launch of its new BlackBerry 10 devices next month, surprised investors when it said it plans to alter its service revenue model, a move that...
Stocks open sharply lower after GOP cancels vote
Labels: BusinessNEW YORK (AP) — Stocks opened sharply lower Friday on Wall Street after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect.
The Dow Jones industrial average fell 140 points to 13,171 in the opening minutes of trading, a decline of 1 percent. The Standard & Poor's 500 index fell...
Insight: Wall Street, facing fiercer watchdog, flees U.S. power markets
Labels: BusinessNEW YORK (Reuters) - When federal regulators proposed a six-month penalty on JPMorgan Chase & Co's electricity trading arm last month, they took aim at what is now a rare sight on Wall Street: a large and growing power sales business.
After five years of rapid and lucrative growth, the world's biggest investment banks are now dramatically scaling back their U.S. power operations, a Reuters analysis...
Dec
20
AP Sources: Jets could trade QBs Sanchez, Tebow
Labels: SportsFLORHAM PARK, N.J. (AP) — Mark Sanchez is no longer the face of the New York Jets. He could soon be a former member of the team.And Tim Tebow might even beat him out the door.A person with knowledge of the situation told The Associated Press on Thursday that the Jets will consider all of their options regarding the two quarterbacks during the offseason. That means both Sanchez and Tebow are in limbo...
It's official, Andersen is new Wisconsin coach
Labels: SportsMADISON, Wis. (AP) — Several schools tried to lure Gary Andersen away from Utah State.Wisconsin finally got him.Andersen was officially hired as the Badgers' new coach Thursday, and will be formally introduced at a news conference Friday morning. He replaces Bret Bielema, who left the Badgers for Arkansas this month."I don't know if I can really have a word for how excited I am to be at Wisconsin...
Canadian Football Hall of Famer Eagle Keys dies at 89; won three Grey Cups
Labels: SportsVANCOUVER - Canadian Football Hall of Fame inductee Eagle Keys has died at the age of 89.Keys played centre and linebacker for five years with the Montreal Alouettes (1949-51) and with the Edmonton Eskimos (1952-54), being named to three CFL all-star teams.He became a coach after retiring as a player, starting as an assistant in Edmonton in 1955. He became the Eskimos' head coach in 1959, a job he...
Lebron shines brightest on every stage
Labels: Sports(Reuters) - LeBron James finally captured an elusive National Basketball Association title to cap a year where he silenced his critics and shared the spotlight with some unlikely players."Linsanity" became one of the new buzzwords in the NBA while a collegiate player took a sledgehammer to the record books and the Los Angeles Lakers made a blockbuster trade that rekindled memories of the team's "Showtime"...
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