For many BlackBerry users and smartphone industry pundits, this Youtube video was their first close-up look at new Research in Motion CEO Thorsten Heins.
AT&T said it had agreed with Deutsche Telekom to drop its $39 billion bid to buy the German company’s U.S. wireless unit amid increasing regulatory obstacles to the planned deal. AT&T said in a statement on Monday that it will enter a roaming agreement with Deutsche Telekom. AT&T’s plan to buy T-Mobile USA, first announced in March, has met with opposition from the U.S. Department of Justice and the Federal Communications Commission.
Pressure mounted on Japan’s Olympus to take radical action after it admitted to hiding losses on securities investments for decades, with the camera and endoscope maker’s largest foreign investor demanding the resignation of the company’s entire board. Southeastern Asset Management, which owns about five percent of the 92-year-old company, said Tuesday’s admission “changes everything”.
The opinions expressed are her own. Possessing an ancient affliction known as “shame” I generally try to avoid brandishing opinions in the arena of “investment advice”, as hilarious as that would be. But a few weeks ago I nearly broke this rule when the PE ratio of a company whose products I actually use dipped below my height in feet (5.5.) “There’s gotta be a price for everything,” I figure; and I like to think that even I, were I a publicly traded security, would have levels at which I’d be a “Buy.” Well, four weeks after my editors wisely ignored that column, the PE ratio of the stock in question now looks like it could hit 3.14159.
Disruptions to BlackBerry services spread to Latin America on Tuesday, more than a day after users in Europe, the Middle East, Africa and India suffered extended outages. BlackBerry maker Research In Motion Ltd, which is losing share of the corporate email market it once took for granted, said it was working on the problem but gave no details of the cause.
Google has agreed to pay $500 million to settle a probe into ads it accepted for online Canadian pharmacies selling drugs in the United States, the U.S. Justice Department said on Wednesday. The forfeiture is one of the largest ever in the United States, according to the DOJ. It represents Google’s revenue from Canadian pharmacy advertisements to U.S. customers through Google’s AdWords program and Canadian pharmacies’ revenue from U.S. sales.
Netflix says it’s expecting its subscriber growth in the United States to slow in the coming quarter. The warning to investors came as the popular video rental company also reported second-quarter revenue that missed Wall Street expectations. The double-shot of bad news sent the company’s shares down about 9 percent in late trading.
Google shares soared in after-hours trade as the company’s second-quarter revenue zoomed past Wall Street expectations. The Internet giant’s net revenue, which excludes fees paid to partner websites, jumped 36 percent to $6.92 billion in the second quarter. That’s not all investors had to cheer, though. Growth in a range of businesses from mobile to online video helped the company ring up a strong quarterly profit that also exceeded investor expectations. “Google should be viewed as a growth company again this quarter,” Stifel Nicolaus analyst Jordan Rohan told Reuters. “The combination of mobile search, Android, ad exchange, YouTube, and the core search businesses, they’re all doing well. Google is no longer a one-trick pony.”
Netflix subscribers could see their monthly bill increase starting this fall. The company announced it is doing away with a combo plan that lets customers watch unlimited movies and TV shows online and get DVDs by mail for $9.99 a month. Starting in September, current subscribers who want both services will have to pay $7.99 per month to rent one DVD plus an added $7.99 for unlimited streaming, for a total of $15.98 a month. That’s an increase of 60 percent. The new pricing begins immediately for new customers. Old-fashioned types who just want DVDs now have the option of an unlimited DVD-only plan that costs $7.99 for one at a time or $9.99 for two at a time. Good or bad news, depending on how you use Netflix.
Research in Motion shares neared a two-year low after the BlackBerry maker said it has recalled about 1,000 of its Playbook tablets due to an operating system bug. Most of the devices affected remain in the distribution channel and haven’t yet been sold to customers, the Canadian company said in a statement posted on CrackBerry.com.