Canada News
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Research In Motion Ltd., reeling from sluggish BlackBerry sales, forecast a surprise operating loss for the first quarter and hired banks to advise on strategic options. The shares tumbled 15 percent in late trading.
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Research In Motion Ltd.’s stockpiles of BlackBerry smartphones and PlayBook tablets have swollen by two-thirds in the past year because of slumping sales, raising the chances of the company’s third writedown since December.
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Investors should bet the Canadian dollar will slide to its weakest level since October as commodities drop below 3 1/2 year support levels, according to Bank of America Corp.
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RailAmerica Inc., the railroad operator controlled by Fortress Investment Group LLC that reached an all-time high last week, is poised to reap about 30 percent more for investors as a takeover target.