Deals
RIM Gains After CEO Comments on Strategic Options
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Research In Motion Ltd. jumped to its highest level since late 2011 after Chief Executive Officer Thorsten Heins reiterated the BlackBerry maker is considering strategic options, including selling its hardware unit.
RIM advanced 13 percent to $17.90 at the close in New York, the highest price since Dec. 1, 2011. The stock has more than doubled since late September amid growing optimism for the company’s new BlackBerry 10 devices due Jan. 30. Scotiabank today raised its rating on the shares to sector outperform, saying revenue from customers upgrading to the new devices alone could top analysts’ estimates.