Energy stocks post gains, reverse losses. The Amex Oil Index (XOI :1,313.33, +5.13, +0.4% ) rose 1%, erasing an earlier loss of 1%. Exxon Mobil (XOM :85.24, +1.70, +2.0% ) rose 1.5% and Marathon Oil (MRO : 52.02, +2.78, +5.6% ) gained 4.4%. The Amex Natural Gas Index (XNG :485.60, -3.08, -0.6% ) rose 0.2%. The CBOE Oil Index (OIX : 724.89, +2.68, +0.4% ) added 1%. Duke Energy (DUK :18.45, +0.55, +3.1% ) rallied 3.4% to $18.50 after it reported at 17% drop in earnings. El Paso (EP : 16.76, -0.07, -0.4% ) rose 1% to $17 on the heels of its latest profit update. Plains Exploration & Production (PXP : 40.25, -1.55, -3.7% ) fell 2.9% on its earnings report. Bill Barrett (BBG :35.1
To account for backdated stock options, Canadian wireless device maker Research In Motion will take a $250 charge to reduce its previously reported earnings. It is also reshuffling some top executives, with co-CEO Jim Balsillie stepping down from his role as chairman, but retaining his other corporate titles.Research In Motion (Nasdaq: RIMM) (RIM) will take a US$250 million charge to reduce previously reported GAAP (generally accepted accounting principles) earnings going back to 2004 to account for backdated stock options.The Canadian wireless device maker is reshuffling management as a result of the restatement, with co-CEO Jim Balsillie stepping down from his role as chairman, but retaining his other corporate titles.RIM Chief Financial Officer Dennis Kavelman will become the company's chief operating officer, administration and operation. Brian Bidulka, who is currently vice president and corporate controller, has been appointed chief accounting officer and will serve as senior
To account for backdated stock options, Canadian wireless device maker Research In Motion will take a $250 charge to reduce its previously reported earnings. It is also reshuffling some top executives, with co-CEO Jim Balsillie stepping down from his role as chairman, but retaining his other corporate titles.Research In Motion (Nasdaq: RIMM) (RIM) will take a US$250 million charge to reduce previously reported GAAP (generally accepted accounting principles) earnings going back to 2004 to account for backdated stock options.The Canadian wireless device maker is reshuffling management as a result of the restatement, with co-CEO Jim Balsillie stepping down from his role as chairman, but retaining his other corporate titles.RIM Chief Financial Officer Dennis Kavelman will become the company's chief operating officer, administration and operation. Brian Bidulka, who is currently vice president and corporate controller, has been appointed chief accounting officer and will serve as senior
To account for backdated stock options, Canadian wireless device maker Research In Motion will take a $250 charge to reduce its previously reported earnings. It is also reshuffling some top executives, with co-CEO Jim Balsillie stepping down from his role as chairman, but retaining his other corporate titles.Research In Motion (Nasdaq: RIMM) (RIM) will take a US$250 million charge to reduce previously reported GAAP (generally accepted accounting principles) earnings going back to 2004 to account for backdated stock options.The Canadian wireless device maker is reshuffling management as a result of the restatement, with co-CEO Jim Balsillie stepping down from his role as chairman, but retaining his other corporate titles.RIM Chief Financial Officer Dennis Kavelman will become the company's chief operating officer, administration and operation. Brian Bidulka, who is currently vice president and corporate controller, has been appointed chief accounting officer and will serve as senior
