Research In Motion earnings double; forecast disappoints

Date: Wed, 25 Jun 2008 17:04:41 -0400
Research In Motion earnings double; forecast disappoints

SAN FRANCISCO
Research In Motion sees both revenue and earnings more than double in
its first fiscal quarter thanks to continued strong sales of its
BlackBerry smart phones, though the company's forecast for the current
period disappointed investors.

U.S. stocks answer Fed with mild rise

U.S. stocks held modest gains in afternoon action as the price of crude
oil slid to under $133 a barrel and investors awaited comments from the
Federal Reserve.

The Fed: Fed sharpens its focus on inflation

The Federal Reserve sharpens its focus on inflation, saying that the
upside risks to inflation have increased and keeping interest rates
unchanged for the time being.

'Oil shock' stems from fears of future shortfall: consultant

A "shortage psychology" in oil markets is overshadowing news of fresh
discoveries and falling demand to drive oil prices to record levels, the
head of influential energy consultancy Cambridge Energy Research
Associates says.

States sue Countrywide, CEO as shareholders approve takeover

Attorneys general from two states file separate lawsuits against
Countrywide and its chief executive, the same day the mortgage lender's
shareholders approved the proposed takeover by Bank of America.