Ford’s SURPRISE Bad News and 4 Stocks in the Spotlight Now
Ford (NYSE:F) said in a regulatory filing that losses from operations outside North America during the second quarter, primarily from the European operations, may be over three times the first quarter’s $190 million, due to margin pressures emanating from the highly competitive markets in Europe, and which are unlikely to ease off in the near future.
Research in Motion (NASDAQ:RIMM) was reportedly approached by Microsoft (NASDAQ:MSFT) CEO Steve Ballmer in recent months about Blackberry becoming a Windows OS phone, according to a report by Reuters. The report speculated that Microsoft could possibly acquire a stake in the struggling handset maker, though RIM preferred to remain independent. P-E firms, meanwhile, are mulling the mechanics of splitting up RIM’s handset and network businesses.
Don’t Miss: Is RIM Poised for a Comeback or a Nosedive?
Sirius XM Radio (NASDAQ:SIRI) has done it again, according to Rocco Pendola, a former personality on numerous radio stations. In his view the company’s announcement that its service would be available on Google TV, may be another case of jumping into a new market while being “woefully unprepared.”
RBS (NYSE:RBS) may have to fork out fines of $233 million relating to the LIBOR manipulation investigation, according to a report in the Times of London.