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RIM's Stock Tumbles on News of New CEO

By Tamara Rutter | More Articles
January 23, 2012 | Comments (1)

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Research In Motion (Nasdaq: RIMM  ) bids farewell to co-chief executives Jim Balsallie and Mike Lazaridis in a management shift that the company hopes will make it more competitive against Google's (Nasdaq: GOOG  ) Android and Apple's (Nasdaq: AAPL  ) iPhone devices.
  • Apache (NYSE: APA  ) , one of the biggest U.S. gas producers, is buying privately held oil and gas company Cordillera Energy Partners III for $2.85 billion in cash and stock.

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The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Tamara Rutter owns shares of Apple. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Google and Apple. Motley Fool newsletter services have recommended buying shares of Google and Apple, as well as creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 23, 2012, at 12:19 PM, InfoThatHelp wrote:

    I shudder at the comparison of Mr. Heinz with Mr. Cook and Mr. Ballmer, and Mr. Schmidt.

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Related Tickers

5/25/2012 4:00 PM
GOOG $591.53 Down -12.13 -2.01%
Google CAPS Rating: ****
RIMM $11.00 Up +0.29 +2.71%
Research In Motion… CAPS Rating: *
AAPL $562.29 Down -3.03 -0.54%
Apple CAPS Rating: ***
APA $82.38 Up +0.29 +0.35%
Apache Corp CAPS Rating: *****

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