Business Articles

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BlackBerry maker RIM faces exodus of customers

Research In Motion’s appointment of bankers to advise on drastic options, including an outright sale of the BlackBerry maker, may only hasten moves by major customers to offer their employees smartphones produced by rivals


BlackBerry maker RIM running out of options

BlackBerry maker Research In Motion Ltd may be running out of options as it struggles to turn around its slumping fortunes with the help of a coterie of investment bankers

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Apple tried to block iTunes competitor Spotify?

Apple Inc may have tried to prevent Spotify, the popular music streaming service, from entering the U.S. market, according to Sean Parker, a director of the company


Opera a good fit for Facebook says bankers

Facebook is under pressure to make money from the increasing number of users who access the social networking site from mobiles, making Norway’s Opera a good fit for it, bankers familiar with the technology industry said

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BlackBerry maker RIM expects operating loss, shares dive

Research In Motion Ltd on Tuesday warned it could report an operating loss and said it had engaged bankers to help it review its business, the latest in a string of dismal messages from the once-dominant BlackBerry maker


Facebook could fork out $1 billion for Opera

Opera Software shares soared over 20 percent on Tuesday on talk Facebook Inc. was in discussion to buy the firm, while analysts said competition from Google and others could push the price tag of any deal over $1 billion


SKA job impact in SA

The Square Kilometre Array (SKA) project will provide work opportunities in the Northern Cape, the provincial government said on Monday

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Huawei getting illegal Chinese subsidies?

Huawei Technologies Co Ltd denied on Tuesday that it benefited from illegal Chinese government subsidies after a media report said the European Union planned to take action against Chinese telecom equipment makers in an anti-dumping case


RIM loses another top executive

The top lawyer at Research In Motion Ltd has resigned and will soon leave the struggling BlackBerry maker, RIM said on Monday, joining a parade of long-time company executives to depart since Thorsten Heins took over as CEO earlier this year

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Facebook IPO, more lawsuits stream in

Less than a week after its IPO, Facebook Inc is already facing multiple lawsuits by disgruntled shareholders who claim that the company and its underwriters, including Morgan Stanley and Goldman Sachs, told only select institutional investors about the social media company’s weakened growth forecast

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