Waterloo Mayor optimistic despite news of RIM cuts

BlackBerry maker Research In Motion (RIM) announced Monday it was cutting 2,000 jobs and that its ailing chief operating officer planned to retire.RIM, which is facing increased competition from Apple's iPhone and mobile phones running Google's Android software, revealed plans last month to slash jobs this quarter in a bid to "streamline operations."The job cuts announced Monday amount to just over 10 percent of the global workforce of the Waterloo, Ontario-based company.

A judge blocked New York City Mayor Michael Bloomberg's sugary drink ban one day before it was supposed to go into effect. Now, the mayor is holding a press conference to talk about what happened today.

A judge blocked New York City Mayor Michael Bloomberg's sugary drink ban one day before it was supposed to go into effect. Now, the mayor is holding a press conference to talk about what happened today.

The corporate reboot at Research in Motion Ltd. marks its first anniversary today. The tech giant’s beleaguered stock price has been on an absolute tear of late — up 14% since last week to burst the $18 range and a whopping 170% appreciation from its 52-week low of $6.10 last September. Meanwhile, the much-anticipated and often-delayed BlackBerry10 operating system is finally set to be unveiled on Jan. 30 — a hard deadline that had eluded the troubled company for two years.

By TechCrunch: By Chris Velazco

BlackBerry maker Research In Motion (RIM) announced Monday it was cutting 2,000 jobs and that its ailing chief operating officer planned to retire.RIM, which is facing increased competition from Apple's iPhone and mobile phones running Google's Android software, revealed plans last month to slash jobs this quarter in a bid to "streamline operations."The job cuts announced Monday amount to just over 10 percent of the global workforce of the Waterloo, Ontario-based company.