NEW YORK, March 14, 2013 - vb-news.net, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Research In Motion Ltd, Credit Suisse Group AG, Bank of America Corp
Research In Motion Ltd(NASDAQ:BBRY) has said that one of its established partners had placed an order for 1 million BlackBerry 10 smartphones. The shipments will start immediately.
This is the largest ever single purchase order in the smartphone maker’s history, a big boost for the company that is trying hard to regain its place lost to rivals like Apple, Samsung Electronics and other companies that manufacture devices powered by Google Android operating system.
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BlackBerry had introduced smartphones powered by its BlackBerry 10 operating system earlier this year. Touchscreen-enabled Z10 is already available in over 20 countries, while Q10 which has a physical keyboard is to be launched in April.
The Waterloo, Ontario-based company did not disclose the location of the "established partner" nor did it give a time frame. It did not even mention the name of the device. BlackBerry will announce its fiscal fourth-quarter results on March 28. The stock closed 8.2 percent higher at $15.65 on the Nasdaq.
Meanwhile, Credit Suisse Group AG (ADR)(NYSE:CS) has settled a lawsuit with bond investors in National Century Financial Enterprises, which went bankrupt in 2002.
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The settlement wipes off 134 million Swiss francs ($141 million) off its already announced fourth-quarter net profit, slashing it to 263 million francs from 397 million.
"This agreement represents a full and final settlement in respect of this noteholder litigation against Credit Suisse," said Credit Suisse’s official statement. The bank was sued for fraud and conspiracy by the state of Arizona, entities like AllianceBernstein Holding LP, Lloyds TSB Bank
Plc, MetLife Inc, Allianz SE's investment management group Pimco and other investors that had bought National Century bonds from 1998 to 2002.
The bondholders had claimed that Credit Suisse had sold the notes and defended their creditworthiness knowing fully well that National Century was misusing investor funds. They also said that the bank had missed warning signals that National Century co-founder Lance Poulsen was indulging in a $2.9 billion fraud.
BoA Merrill Lynch’S New Australia M&A Head from Nomura Talking about Bank of America Corp(NYSE:BAC), sources have disclosed that the bank has poached the Australian head of mergers and acquisitions, Nomura Holdings, Grant Chamberlain.
The source also said that Chamberlain will join BofA Merrill Lynch as its Australia head of mergers and acquisitions after completing his period of gardening leave. Mr. Chamberlain was managing director at Deutsche Bank where he spent 12 years before joining Nomura.
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According to Dealogic, Australian companies have made US$1.5 billion worth of outbound acquisitions in this year, a 24% rise from the corresponding period of last year. But inbound acquisitions have dropped 45% to US$8.9 billion.
BofA Merrill Lynch does not figure in Dealogic’s Australia Announced M&A Advisor League Table, while Nomura stands fourth, lagging behind Macquarie Group, Investec Bank and Ernst & Young.
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