BlackBerry-maker Research in Motion saw its shares slump today after warning Wall Street that it's forecasting an operating loss for the first quarter. With the company hiring bankers at JPMorgan and RBC to explore a sale, investors worried and layoffs looming, the Canadian government dismissed rumors of a possible takeover.
Other brand news:
Best Buy store closures spur Walmart ads.
NYC mayor Michael Bloomberg bans sale of large sodas and sugary drinks.
GM is shifting Chevrolet ad budget from Super Bowl to sponsoring the popular Manchester United soccer team.
Disney Channel joins the TV Everywhere brigade.
Exxon Mobil shareholders approve executive pay.
Facebook's post-IPO slump continues.
France fights counterfeit fashion.
Graff Diamonds pulls $1B IPO in Hong Kong.
Groupon steps up its game as a competitor to Square.
Guinness bubbles explained by scientists.
Harlem Globetrotters land major Chinese sponsor.
HP, Oracle head to divorce court as Oracle preps cloud services.
Kayak postpones IPO on Facebook jitters.
Levi Strauss names new president of global retail.
PayPal launches mobile payments to the UK.
Planned Parenthood endorses Obama as Romney's camp corrects app typo.
Sally Hansen magnetizes nail polish.
Sony rejects online-only console.
Starbucks talks up its corporate citizenship programs.
Unilever strikes branded content deals with Viacom and News Corp.
Virgin Galactic spaceship cleared by US for test flights.
Walmart urges employees to maintain integrity despite bribery probe.
WikiLeaks founder Julian Assange loses appeal in extradition case.
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