Monday, 17 October 2011
RIM shares rise on Icahn stake speculation (AP)
LOS ANGELES – Shares of BlackBerry maker Research in Motion Ltd. surged Tuesday amid speculation that billionaire investor Carl Icahn has taken a stake in the company.Rumors that the activist investor was buying into the troubled smartphone maker caused shares to spike around 10:22 a.m. Eastern time.Icahn is already set to cash in an 11.4 percent stake worth more than $1.3 billion in Motorola Mobility Holdings Inc., after Google Inc. declared it was buying the cellphone maker, mainly for its
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