BlackBerry Considering Spinoff of BlackBerry Messenger and 2 Other Hot Stocks to Watch
BlackBerry Ltd. (NASDAQ:BBRY): Current price $10.56
A report in The Wall Street Journal says that the smartphone company is thinking of spinning off its messaging service, BlackBerry Messenger, and that if this happens, the subsidiary would be named BBM and would be allowed to operate more independently.
Chief Executive Thorsten Heins said in May that BBM, which boasts around 200 million active users, would be available on non-BlackBerry devices. Meanwhile, a BlackBerry spokeswoman said, according to the WSJ, that, “We have announced our plans to offer this trusted mobile messaging service to iPhone and Android users sometime this summer. We have made no further announcements.”
Bank of America Corp. (NYSE:BAC): Current price $14.23
Oleg Melentyev is exiting Bank of America Corp. and will join Deutsche Bank AG as chief of United States credit strategy in New York. Melentyev will report to Dominic Konstam, world chief of rates research, said an e-mailed statement on Wednesday. According to records from the Financial Industry Regulatory Authority, he joined Merrill Lynch & Co. in 2001. Spokeswoman Michelle Falkenstein for Charlotte-based Bank of America, confirmed the departure Tuesday but would not comment further.
Alcatel-Lucent SA (NYSE:ALU): Current price $2.63
Alcatel-Lucent has announced the appointment of Jean Raby as Chief Financial & Legal Officer, effective September 1. Raby served as a partner and managing director in the Investment Banking Division at Goldman Sachs until the end of last year.