RIM shares gain 11%
Research In Motion Ltd., the beleaguered maker of the BlackBerry smartphone, gained 11 per cent Wednesday, rebounding from a post- earnings crash that erased a quarter of the company’s market value. The shares rose to $11.83 at the close in New York, marking the biggest one-day increase since Nov. 23. RIM’s stock has fallen 18 per cent this year. While RIM reported a smaller quarterly loss than projected last week, the company raised concerns about declining service fees — and shares tumbled 23 per cent.