RIM Shares Up On Report Of Samsung Interest

RIM Shares Up On Report Of Samsung Interest
Market News
Like Us On Facebook
Like Us On Facebook

Shares of Research In Motion Ltd. RIMM +6.93% jumped nearly 7% to $17.25 early Tuesday afternoon after a technology blog reported that the company is considering a sale to Korean electronics giant Samsung.

A report on the Boy Genius Report, citing unnamed sources, called a sale to Samsung a “front-runner” among several options currently being evaluated by RIM’s management.

“Jim is going hard after Samsung,” one source told the blog, referring to RIM co-CEO Jim Balsille.

The company has been in a deep slump of late, as sales of its BlackBerry line of smartphones have sunk in the wake of strong competition from the iPhone and devices running the Android mobile operating system.

Market Watch

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In Market News

News Preston Waters

Stocks Off to Stellar Start in May

Stocks were kicking off May in high style Tuesday, posting sharp gains after a much better-than-expected report on U.S. manufacturing activity. The Dow Jones Industrial Average was rising 103 points, or 0.8%, at 13,317, after hitting a four-year high at 13,338. The S&P 500 was up 14 points, or 1%, at 1413, and the Nasdaq was adding 23 points, or 0.7%, at […]

News Preston Waters

Bank Of America, JPMorgan: Dow Midday Movers

U.S. stocks were rising in midday action Tuesday following a better-than-expected read on U.S. manufacturing activity.The Dow Jones Industrial Average was up more than 116 points, or 0.9%, at 13,330. The biggest percentage gainers within the Dow were Bank of America (BAC), JPMorgan Chase (JPM) and Intel (INTC). Shares of Bank of America rose 2.59% to $8.32. The bank said Tuesday it plans to lay […]

News Preston Waters

Monster Stocks Soar Amid Rumors Coca-Cola Is Set To Buy Energy Drink

Monster Beverage Corp’s shares soared on Monday following a report that Coca-Cola Co. was considering buying the energy drink maker. The Wall Street Journal cited unnamed people in reporting that the world’s biggest soft drink maker was in talks to buy Monster. If a deal transpired, Monster would be Coca-Cola’s largest brand acquisition ever. Monster declined […]

News Preston Waters

Stocks Surge After Strong Manufacturing Report

Stocks were surging in morning action Tuesday after a much better-than-expected report on the pace of national manufacturing activity in April.The Dow Jones Industrial Average was rising 80 points, or 0.6%, at 13,294. The S&P 500 was up 12 points, or 0.8%, at 1410, and the Nasdaq was adding 29 points, or 1%, at 3075. Stocks finished modestly lower Monday, marking […]

News Preston Waters

Bank Of America Keeps Shrinking

Bank of America (BAC)’s plan to lay off some of its highest-paid executives looks like the right response to the current banking environment. The Wall Street Journal reported Tuesday the bank will cut 2,000 positions in its investment banking, commercial banking and non-U.S. wealth-management units targeting “the high-earning employees whose efforts helped Merrill Lynch account for the bulk of […]

News Preston Waters

Stock Market Story: May 1

The first trading day of May got off to a mixed start early Tuesday with all three major U.S. equity indices honing to close to the flat line ahead of a key report on the pace of U.S. manufacturing activity in April. The Dow Jones Industrial Average was down 9.5 points, or 0.07%, at 13,204.The S&P 500 was up less than a […]

Also On Elite

Motivation

Successful People All Have One Thing In Common: They Rise With The Sun

There’s another world out there. Like entering through a secret portal, it’s a world that only some people experience. A world few have visited and only some can live in.  Like traveling to another country, it’s a world that only some people ever get to see. A chill in the air only some people ever […]

World

She Gives The Perfect Reason Why You Should Never Call Yourself Ugly (Video)

You are not your Instagram likes or your Facebook statuses. When Dove Self-Esteem Project’s Meaghan Ramsey had the opportunity to take the coveted TEDTalk stage, she chose to speak about the ways in which self-image is affecting our lives every day. If teenagers determine self-worth through social media, they grow into underachieving, unhealthy adults. Those adults […]

Humor

Dad Helps Kids ‘Build’ Wonder Woman’s Invisible Jet With Intense Lego Set

If, as a kid, you ever wanted to possess your own Invisible Jet à la Wonder Woman, listen up. One amazing dad, John Wray, scored an Invisible Jet Lego set, and it’s pretty badass. He documented his hilarious adventures building the 3,200-piece behemoth with his children, who managed to figure out the complicated construction despite […]

Technology

These Bent iPhone 6 Advertisements Are Way Too Perfect (Photos)

As everyone well knows by now, #BendGate is a thing. Those who shelled out upward of $600 on a new iPhone 6 or 6 Plus unfortunately have to deal with the fact that their precious and expensive new piece of technology is bendable. Even though some crafty companies are trying to come up with ways to […]

Sports

Packers Fans Are Actually Blaming Olivia Munn For Aaron Rodgers’ Poor Play

The double-edged sword of being a Super Bowl champion quarterback can be (mostly) credited to one thing: fantasy football. Fans are going to expect you to go off every single game and if, God forbid, you manage to throw just one touchdown in a game where you should’ve had at least three, they’re going to […]