Research In Motion Limited (USA) (NASDAQ: RIMM) augmented 9.97% to $17.43 on a traded volume of 34.79 million shares. According to report from Reuters, the Company will look into strategic alliances with other technology companies once it has launched its new BlackBerry 10 models. The CEO of the Company, Thorsten Heins told daily Die Welt that the group's strategic review could lead to the sale of RIM's hardware production or the sale of licenses to its software, among other options.
KB Home (NYSE: KBH) went down 0.06% to $16.60. The Company would form a mortgage company with a unit of Nationstar Mortgage Holdings Inc to offer services to KB Home customers. The new company, to be named Home Community Mortgage LLC is expected to start business in the latter part of this year. KB Home is a homebuilding company. The Company constructs and sells homes through its operating divisions under the name KB Home.
seacube container leasing ltd (NYSE: BOX) jumped up 13.33% to $23.0. Ontario Teachers' Pension Plan will buy SeaCube Container Leasing Ltd for approximately $467 million. Under the terms of the agreement, SeaCube shareholders will receive $23 for each share. The deal is expected to close in the first half of 2013. The deal is being led by Ontario Teachers' Long-Term Equities group.
Target Corporation (NYSE: TGT) is down 0.26% to $61.37. The Company announced collaboration with Kate Young to introduce an exclusive collection of women's apparel and accessories, including an assortment of special occasion dresses. The limited-edition collection will be available April 14 at all Target stores and Target.com.
Netflix Inc (NASDAQ: NFLX) decreased 1.26% to $97.92 on a traded volume of 519k shares. The Company expects to report fourth quarter loss due to rising costs for Internet licensing fees and an expansion into other countries beyond the U.S. The Company had been preparing for a loss of 450,000 to 750,000 subscribers to its DVD-by-mail service, which is slowly disappearing as more households switch to watching video over high-speed Internet connections.
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