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RIM Warns Of Loss, Faces Uncertain Future With Major Restructuring
2012-05-31 04:46:07

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 Capital to “review” its strategic options. The move sparked questions about whether RIM may be looking to sell itself, although that...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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