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RIM Warns Of Loss, Faces Uncertain Future With Major Restructuring

redOrbit
Thursday, 31 May 2012

Canada-based Research In Motion Ltd (RIM) faces a shaky future as it undergoes a major global restructuring that includes the elimination of thousands of jobs worldwide.

The company warned late Tuesday of a quarterly loss – its first in seven years – and announced it was hiring leading M&A specialists from JPMorgan and RBC...
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