RIM shares jump after hours following results

U.S.-traded shares Research In Motion rallied in after-hours trading on Thursday after the BlackBerry maker posted a smaller-than-expected quarterly loss excluding one-time items.The company's Nasdaq-listed shares were last up 8 percent at $15.25, extending a 3.6-percent gain in regular trading hours. They are also on track to close with a fourth straight month of gains.The stock has more than doubled...

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RIM posts smaller than expected loss; shares surge

Research In Motion reported a smaller-than-expected quarterly loss on Thursday and boosted its cash cushion, sending its shares soaring more than 7 percent.But the struggling BlackBerry maker also recorded the first-ever decline in its subscriber base, barely a month before the crucial launch of the new BB10 smartphone line.RIM reported a loss of $114 million or 22 cents a share, excluding one-time...

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This subscriber loss may haunt RIM in coming months

RIM’s (RIMM) share price popped by 8% soon after it released its earnings, buoyed by positive sales and earnings surprises. The fact that RIM managed to beat expectations on both fronts is a real achievement. The company has been able to manage the 50% annualized decline in device volume a lot more gracefully than most investors expected. The adjusted EPS loss of $0.22 was much smaller than the $0.36...

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RIM loses BlackBerry subscribers for first time

TORONTO (AP) — Research In Motion's stock plunged in after-hours trading Thursday after the BlackBerry maker said it plans to change the way it charges fees.RIM also announced that it lost subscribers for the first time in the latest quarter, as the global number of BlackBerry users dipped to 79 million.In a rare positive sign, the Canadian company added to its cash position during the quarter as...

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RIM shares slump as service revenue, subscriber concerns weigh

Research In Motion shares tumbled more than 10 percent on Thursday after the company reported the first ever decline in its subscriber numbers and outlined plans to transform the way it charges for its BlackBerry services.RIM, which hopes to revive its fortunes and reinvent itself via the launch of a brand new line of BlackBerry 10 devices next month, caught investors off-guard on its quarterly conference...

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White House defends offer as 'good faith effort'

WASHINGTON (AP) — The White House is defending President Barack Obama's proposal to set a higher threshold for tax increases than what he vowed to do during his presidential campaign. The White House says Obama has moved halfway to meet House Speaker John Boehner on a "fiscal cliff" deal that raises $1.2 trillion in tax revenue, down from the $1.6 trillion Obama had initially requested.White House...

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Factbox: U.S. House "Plan B" tax bill likely to have short shelf life

The U.S. House of Representatives is likely to vote this week on what is being called "Plan B" on avoiding the "fiscal cliff."The Republican-sponsored legislation aims to extend current low tax rates for most families. Without such action by Congress, across-the-board income tax rates will rise on January 1.The combination of $500 billion in tax hikes and $100 billion in spending cuts, which are scheduled...

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U.S. charges three Swiss bankers in offshore account case

Three Swiss bankers accused of conspiring with American clients to hide more than $420 million from the tax-collecting U.S. Internal Revenue Service were indicted, the U.S. Attorney's Office in Manhattan said on Wednesday.The indictment named Stephan Fellmann, Otto Huppi and Christof Reist, all former client advisers with an unnamed Swiss bank. None of the bankers have been arrested, authorities said.Their...

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"Fiscal cliff" turmoil could hit 100 million taxpayers: U.S. IRS

WASHINGTON (Reuters) - U.S. tax authorities warned on Wednesday that as many as 100 million taxpayers - far more than previously estimated - could face refund delays if lawmakers' "fiscal cliff" negotiations fail to fix the alternative minimum tax (AMT) before year-end.The Internal Revenue Service said in a letter to lawmakers that it was raising its estimate on AMT impact from 60 million."It is becoming...

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What's on the table now in 'fiscal cliff' talks

An update on the latest offers on the table in negotiations to avert a year-end avalanche of federal tax increases and spending cuts known as the "fiscal cliff":___INCOME TAXESHouse Speaker John Boehner would allow income tax rates to rise for people making more than $1 million per year and would hold rates where they are for everyone making less. The top rate on income exceeding $1 million would...

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Swiss lender ZKB says three charged by U.S. authorities

Swiss lender Zuercher Kantonalbank (ZKB) said two of its bankers and one former employee had been charged by U.S. authorities, which had accused them of helping U.S. clients avoid taxes.The three were indicted over changes of conspiring with American clients to hide more than $420 million from the U.S. Internal Revenue Service, the U.S. Attorney's Office in Manhattan had said on Wednesday.The indictment...

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Crowdfunding Shakeup On The Horizon: What’s in it for the Contributor?

Douglas E. Castle, the Chief Executive Officer of CrowdFunding Incubator LLC (“CFI”) envisions a substantial shakeup in the crowdfunding industry in 2013 where contributors, who have been only remotely involved in the myriad of business startups, early-stage ventures and napkin sketch ideas which they have funded, are going to ask for some type of accounting from their beneficiaries.Westchester, NY...

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New Website CarHistory.us.org Warns of Flooded Car Scams and Dangers

Should consumers be in the market for a used car, chances are that the car identified has been involved in a water incident. With a vehicle history report from CarHistory.us.org this problem can be spotted early.New York, NY (PRWEB) December 25, 2012Buying a flooded car carries a substantial amount of risk and consumers need to be aware of those risks before parting with their hard-earned money. Assessing...

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Demand For Christmas Trees Strong According To American Christmas Tree Association Study

Nearly 33 million Christmas trees were purchased this Christmas season. Christmas trees remain an integral part of the Christmas celebration.Los Angeles, CA (PRWEB) December 25, 2012About 33 million Christmas trees were purchased for the 2012 Christmas season, reports the American Christmas Tree Association (ACTA).A study of approximately 30,000 U.S. households nationwide conducted by Nielsen on behalf...

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President George H.W. Bush Describes for the Blind “It’s A Wonderful Life™” “Eyes Of Christmas™” - Celebrity Broadcast

Top Stars Rally for RPI Fighting Blindness, Sending Their Message out to 160 Million Homes on ION Media Network, Fox-KCOP Channel 13 Los Angeles, Dish and DirecTv, December 25th, Preceded by President George Herbert Walker Bush Describing the Frank Capra Classic, 'It's A Wonderful Life' for the Blind and Vision Impaired. Broadcast Includes Eye Test for Early Detection of Visual Disorders and Degenerative...

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CGJ-Shop Launched its New Website, and Announced a Winter Jacket Promotion

CGJ-Shop, a leading online shop of winter jackets, proudly announces its new website, which is easy to navigate, and people can find their favorite jackets easily.(PRWEB) December 25, 2012CGJ-Shop, a leading online shop of winter jackets, proudly announces its new website, which is easy to navigate, and people can find their favorite jackets easily. Moreover, CGJ-Shop announced a winter jacket promotion,...

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Daimer Debuts Carpet Cleaners For Car Dealerships Seeking Interior Auto Detailing Steam Cleaner Machines Featuring Higher Power and A Larger Water Capacity

Car dealers offer similar car detailing services as private detailers, and require the best and most effective upholstery carpet cleaner machines to maximize productivity and clean cars as swiftly as possible. The latest steam cleaners offer fast heating systems, quick drying times, and exclusive technologies to achieve outstanding cleaning results.Woburn, MA (PRWEB) December 25, 2012Daimer Industries,...

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What If There is Nobody or Nothing to Blame for Lanza? Guns, Video Games, Autism or Authorities

What if there is nobody or nothing to blame for Adam Lanza's heinous acts? Other than Lanza, of course. What if school security and the school psychiatrist kept an eye on Lanza since his freshman year? The Wall Street Journal has a compelling narrative about the red flags addressed. What if he had a form of autism that has little or no link to violent behavior? Lanza may have had Asperger's syndrome...

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What If Nothing or Nobody is to Blame for Adam Lanza? Guns, Video Games, Autism or Authorities

What if there is nobody or nothing to blame for Adam Lanza's heinous acts? Other than Lanza, of course. What if school security and the school psychiatrist kept an eye on Lanza since his freshman year? The Wall Street Journal has a compelling narrative about the red flags addressed. What if he had a form of autism that has little or no link to violent behavior? Lanza may have had Asperger's syndrome...

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Xbox SmartGlass updated with second-screen ESPN and NBA Game Time app experiences

Little by little, Microsoft’s (MSFT) Xbox SmartGlass app is becoming more useful. Microsoft Director of Programming for Xbox LIVE Larry “Major Nelson” Hyrb announced on Monday the release of the Sports Picks app, which allows users to “make picks, compete with your Xbox LIVE friends and fight for domination of the leaderboard.” Xbox SmartGlass also has new ESPN and NBA Game Time experiences that provide...

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Nintendo's TVii a replacement for the remote

LOS ANGELES (AP) — Nintendo is switching on a television service that transforms the tablet-like controller for its new Wii U game console into a remote that changes the channel on your TV and puts programs from the Internet just a few finger taps away. The TVii service will debut in the U.S. and Canada on Thursday, the company said. That's a delay from previous plans to have the service available...

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McLemore's 22 gives Kansas huge road win, 74-66

COLUMBUS, Ohio (AP) — It's not supposed to be this easy for a kid playing his first collegiate road game. Kansas' Ben McLemore, a redshirt freshman surrounded in the starting lineup by seniors, didn't let the raucous crowd, the travel or sleeping in a strange bed bother him. McLemore scored 22 points and No. 9 Kansas proved it was more than just a bully at home by beating seventh-ranked Ohio State...

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AP source: Pirates, Red Sox near deal for Hanrahan

PITTSBURGH (AP) — The Boston Red Sox are pursuing another burly right-hander to shore up their bullpen. A person familiar with the talks said the Red Sox and Pirates are close to completing a trade that would send All-Star closer Joel Hanrahan to Boston for a handful of prospects. Pittsburgh would ship Hanrahan and another player to the Red Sox in exchange for four players, including outfielder-first...

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Ross, Diamondbacks agree to $26 million, 3-yr deal

PHOENIX (AP) — Cody Ross and the Arizona Diamondbacks agreed to a $26 million, three-year contract Saturday that includes a club option for 2016. Ross, who turns 32 on Sunday and lives in nearby Scottsdale, adds to the abundance of outfielders on the Arizona roster, leading to speculation a trade might be coming. Ross batted .267 with 22 home runs and 81 RBIs last season for the Boston Red Sox. He's...

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AP source: Ibanez, Mariners agree to $2.75M deal

NEW YORK (AP) — Raul Ibanez and the Seattle Mariners have agreed to a $2.75 million, one-year contract, a person familiar with the negotiations told The Associated Press on Saturday night. The deal allows Ibanez to earn an additional $1.25 million in performance bonuses, the person said, speaking on condition of anonymity because the agreement had not been announced. Ibanez returns to the team he...

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Heat beat Jazz to break clear atop Eastern Conference

(Reuters) - LeBron James jammed home 30 points as the NBA champion Miami Heat silenced the Utah Jazz 105-89 on Saturday to move past the New York Knicks atop the Eastern Conference. Miami turned a four-point lead at intermission into a double-digit cushion by scoring the first eight points of the third quarter helped by a pair of three-pointers by Shane Battier. The lead was stretched to 20 points...

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Wells Fargo agrees to proposed settlement on shareholder actions

(Reuters) - Wells Fargo & Co would pay up to $2.5 million in attorneys' fees and implement certain corporate governance changes under a proposed settlement of lawsuits brought by shareholders on behalf of the company, according to a securities filing by Wells on Friday.The suits were filed in U.S. District Court in Northern California in 2010 on behalf of Wells Fargo and its shareholders against...

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California jobless rate dips below 10 percent

SACRAMENTO, Calif. (AP) — After a long twilight, business is booming again at Matt Construction as high-end orders come in for hotels and office complexes.The Los Angeles-area company increased hiring by about 20 percent this year, adding 30 employees as more construction jobs — and bigger ones — piled up.Such stories are a major reason California's jobless rate dipped below 10 percent last month...

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Wall Street ends lower after "fiscal cliff" setback

NEW YORK (Reuters) - U.S. stocks finished lower on Friday after a Republican plan to avoid the "fiscal cliff" failed to gain sufficient support on Thursday night, draining hopes that a deal would be reached before 2013.Still, stocks managed to rebound from the day's lows near the end of the session, and for the week, the three major U.S. stock indexes still ended higher, with the S&P 500 gaining...

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Obama tries to rescue fiscal talks for post-Christmas deal

WASHINGTON (Reuters) - The White House on Friday tried to rescue stalled talks on a fiscal crisis after a Republican plan imploded in Congress, but there was little headway as lawmakers and President Barack Obama abandoned Washington for Christmas.In remarks before flying to Hawaii for a break, Obama suggested reaching a short-term deal on taxes and extending unemployment insurance to avoid the worst...

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Wall Street Week Ahead: A lump of coal for "Fiscal Cliff-mas"

NEW YORK (Reuters) - Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all.A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts due to kick in early next year. Many economists forecast that this "fiscal cliff"...

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National Geographic marks anniversary with "Exploration" of Titanic, Lighting Strikes, Genghis Khan

NEW YORK (TheWrap.com) - The National Geographic Channel is celebrating the 125th anniversary of the National Geographic Society with a new "Night of Exploration" on Fridays that will look at Titanic, Stonehenge, Easter Island, and more of the world's fascinating places and mysteries.Beginning January 11, the network will air programs about exploration every Friday night from 8 to 10 p.m. On that...

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Joss Whedon's "S.H.I.E.L.D." pilot adds 'Nashville' star Chloe Bennet

LOS ANGELES (TheWrap.com) - Chloe Bennet is moving from "Nashville" and into far stranger territory.Bennet, who has a recurring role on the ABC drama "Nashville" as Hailey, has been cast in Joss Whedon's superhero pilot "Marvel's S.H.I.E.L.D.," which is being written by "Avengers" writer-director Whedon, his brother Jed Whedon and Maurissa Tancharoen ("Dollhouse").Bennet, who also goes by the name...

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Twilight Zone" reboot in the works from Bryan Singer, CBS Television Studios

LOS ANGELES (TheWrap.com) - Bryan Singer is about to enter "The Twilight Zone."The "X-Men" director is working on a reboot of Rod Serling's television series with CBS Television Studios, a spokeswoman for CBS Television Studios told TheWrap. Singer will develop and executive-produce the project, and could direct.The project is currently in the very early stages.The original "Twilight Zone" ran on...

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Michael Kors replaced by Zac Posen as "Project Runway" judge

LOS ANGELES (TheWrap.com) - Michael Kors is out at "Project Runway."Fashion designer Kors will not be a judge on the Lifetime reality competition when it returns for its 11th season on January 24, Lifetime said Tuesday. Instead, designer Zac Posen will join Heidi Klum, Nina Garcia and Tim Gunn as a featured judge.Lifetime told TheWrap that Kors is vacating his judge's position due to scheduling conflicts."Due...

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Anderson Cooper Reveals He's Gay

After years of speculation about his sexuality, Anderson Cooper has revealed that he's gay.The 45-year-old CNN anchor came out in an email to the Daily Beast's Andrew Sullivan that was published on Sullivan's blog this morning. Cooper was responding to an Entertainment Weekly article about how gay public figures are increasingly coming out in more restrained ways than in the past."The fact is, I'm...

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Chavez back in Venezuela after Cuba treatment

CARACAS, Venezuela (AP) — Venezuelan President Hugo Chavez arrived back home early Friday after 10 days of medical treatment in Cuba, but his failure to attend a regional meeting in Brazil raised new questions about his health.State television showed Chavez arriving at Caracas' airport and walking down the steps from the presidential jet wearing a track suit. He smiled and laughed heartily as he...

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