 | Good afternoon Bit |  |  | RIM is close to a decision on stripping its co-chief executives of their other shared role as chairman of the board, The National Post newspaper said, a change that could meet a key demand from angry and disillusioned investors. The Post's sources said Barbara Stymiest, currently an independent member of RIM's board, is leading the race to replace Mike Lazaridis and Jim Balsillie in the chairmanship. RIM shares jumped more than 7 percent on the news. But some analysts doubted Stymiest, if named to the chairmanship, would actually assume the transformational role that activist shareholders are calling for.
Groupon shares closed the day down 6.6 percent after a Susquehanna Financial Group - Yipit survey of almost 400 merchants found that while 8 out of 10 merchants enjoyed working with daily deal companies such as Groupon and LivingSocial, 52 percent were not planning to feature deals in the next six months and nearly 24 percent intended to feature only one deal during the same period.
Apple is planning an event to be held in New York later this month that will focus on publishing and eBooks, AllThingsD and Techcrunch reported. The event will unveil improvements to Apple's iBooks platform, Techcrunch wrote.
Media mogul Rupert Murdoch rung in the New Year with a new Twitter account, tweeting praise for Republican presidential hopeful Rick Santorum, a socially conservative former senator who has risen sharply in the polls, describing him as the "only candidate with genuine big vision" for the country. Also via Twitter, Murdoch called President Obama's decision on the detention of terrorism suspects "very courageous - and dead right!". On Walter Isaacson's biography of Steve Jobs, Murdoch tweeted: "Interesting but unfair, family must hate." | | | LATEST NEWS | | Micron jumps on report of DRAM consolidation | | January 03, 2012 03:40 PM ET | | (Reuters) - Shares of Micron Technology Inc jumped as much as 11 percent on a report that one its biggest competitors, Elpida Memory, may merge with Toshiba Corp, in a sign of consolidation in an industry hurt by cut-throat competition. | Full Article | | JP Morgan upgrades Cisco to overweight;shares rise | | January 03, 2012 12:39 PM ET | | (Reuters) - Investment bank JPMorgan upgraded its recommendation for Cisco Systems to "overweight" and raised its price target for the network equipment maker on expectations of a rebound in public sector spending and improved margins in 2012. | Full Article | | Hackers target emails of UK's Gordon Brown: report | | January 02, 2012 09:59 AM ET | | LONDON (Reuters) - British police have found evidence that private investigators working for newspapers hacked into the email account of former Prime Minister Gordon Brown while he was finance minister, The Independent newspaper reported on Monday. | Full Article | | "The Sims" designer creating new game for real life | | January 02, 2012 04:37 PM ET | | RALEIGH, North Carolina (Reuters) - Will Wright, the designer behind successful video game simulations including "SimCity", "The Sims" and "Spore", is at it again. Only this time, rather than controlling virtual people or creating space creatures, the protagonist of "HiveMind" is the actual player. | Full Article | | | BUSINESS NEWS
| | Wall Street ends first day of 2012 with gains | | January 03, 2012 04:09 PM ET | | NEW YORK (Reuters) - Investors, hoping for something better than 2011's flat stock market, pushed shares higher on Tuesday to begin the new year, though questions remain about whether a rally can be sustained. | Full Article | | Manufacturing index hits six-month high | | January 03, 2012 02:53 PM ET | | NEW YORK (Reuters) - Manufacturing grew at its fastest pace in six months in December, capping a late-year upswing, but a European slump and rising oil prices posed threats to the U.S. economy in the new year. | Full Article | | Same-store sales seen up 3.4 percent in December | | January 03, 2012 04:08 PM ET | | (Reuters) - When top U.S. retailers post their December sales this week, Wall Street analysts expect them to report a healthy end to the holiday season, helped by discounts, improved consumer sentiment and tactics such as extended hours and layaways. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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