Fairfax's Watsa Raises RIM Stake to Nearly 10%
Canadian investor Prem Watsa, dubbed the "Warren Buffett of the North," has nearly doubled his company's stake in embattled BlackBerry maker RIM to just under 10%, according to a regulatory filing.
EARNINGS FORECAST TABLE: Volkswagen 2Q 2012
The following is a summary of analysts' forecasts for Volkswagen AG (VOW.XE) second-quarter results, based on a poll of 10 analysts conducted by Dow Jones Newswires (figures in million euros; EPS, dividend and target price in euro, according to IFRS).
News Corp., AT&T Unveil Digital Education Business
News Corp. (NWS, NWSA) is partnering with wireless carrier AT&T Inc. (T) to launch an education business called Amplify, which will develop digital learning materials, tools and systems for students in kindergarten through 12th grade.
Eaton 2nd-Quarter Profit Up 14%; Revenue Falls
Eaton Corp.'s (ETN) second-quarter profit rose 14%, but revenue dropped as weakening demand from overseas markets caused the company to scale back its revenue and earnings forecasts for 2012.
Spain Bans Short-Selling on All Stocks for First Time
Spain banned the short-selling of all stocks trading on local exchanges for the first time ever Monday, as authorities in the country continued to introduce increasingly desperate measures to prevent investors from fleeing the country.