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RIM won't meet targets, stock slumps
Dec 2nd, 2011
TORONTO (Reuters) - In the latest in a drumbeat of dismal news, Research in Motion warned on Friday it would fall short of its financial targets after taking a huge charge to write down inventories on its languishing PlayBook tablet, and its shares tumbled more than 8 percent. Aiming to drive up anemic sales of the PlayBook, the BlackBerry-maker last month began to offer the tablet computer at sharp markdowns, prompting it to book a $360 million after-tax inventory writedown. ... (Source: Reuters) -
LONDON (AP) - The British government's emergency committee is going to meet after two attackers butchered a man in a brutal daylight attack in London amid fears that terrorism has returned to the capital. (Source: Associated Press)... [Full Article]
Microsoft has confirmed the existence of a zero-day code-execution exploit for Internet Explorer 8 that's currently being used in a series of watering-hole attacks. (Source: LiveScience.com)... [Full Article]
NEW YORK (AP) - Stock prices are slightly lower at midday on Wall Street after manufacturing contracted unexpectedly in China this month. (Source: Associated Press)... [Full Article]
SAN FRANCISCO (AP) - Hewlett-Packard's slump is deepening as the world's largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices. (Source: Associated Press)... [Full Article]
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