Research In Motion Limited’s (NASDAQ:RIMM) board is now under mounting pressure to take options such as divesting its network business, or forming an alliance with Microsoft (NASDAQ:MSFT) seriously after their firm postponed the release of its next-generation smartphones.
Don’t Miss: Is RIM Digging Its Own Grave?
Barclays PLC (NYSE:BCS) is among a group of British banks, including HSBC (NYSE:HBC), Lloyds (NYSE:LYG) and the Royal Bank of Scotland (NYSE:RBS), which have consented to compensate the small and medium-sized business that were mis-sold interest rate swaps during the period that led up to the financial crisis, according to a Financial Times report. The Financial Services Authority reports that it found “a range of poor sales practices”, among which inadequate disclosure of exit costs were just one.
Constellation Brands, Inc. (NYSE:STZ) agrees to acquire the outstanding 50 percent of Crown Imports that it doesn’t already own, for a price of $1.85 billion in a deal in tandem with A-B InBev’s (NYSE:BUD) $20.1 billion purchase of Grupo Modelo. Crown is a joint venture between Modelo and Constellation which imports Corona into the United States, and the sale of half of Crown is viewed as an attempt to avoid possible antitrust measures conerning the larger deal.
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