Blackberry maker Research in Motion is not in a "death spiral", said company CEO Thorsten Heins, according to a report.
“There’s nothing wrong with the company as it exists right now,” Heins said during a CBC Radio interview Tuesday.
The business and management changes RIM has made since Heins took over as CEO in January are not signs of the company dying, but rather signs of a company in transition, Heins said.
“This company is not ignoring the world out there, nor is it in a death spiral,” Mr. Heins said. “Yes, it is very, very challenged at the moment, specifically in the U.S. market. The way I would describe it, we’re in the middle of a transition.”
RIM reported a quarterly net loss of $192 million and also announced it would shed 5,000 jobs. In addition, RIM's latest smartphone, the Blackberry 10, will suffer a delayed launch, the company said. The new mobile device will now launch in 2013. It was originally planned to debut later this year.
GoPro reported that revenue increased 46 percent compared to the same period last year, and also issued positive Q4 guidance.
Jim Cramer tweeted on Thursday that if Twitter's CEO Dick Costolo were replaced, the company's share price would rise.
Barney Frank says Tim Cook's announcement that he's gay is "extraordinarily important."
CNBC's Tyler Mathisen and Dominic Chu revisit OnCore Golf six months after co-founders Bret Blakely and Steve Coulton first appeared.
Get the best of CNBC in your inbox
The smartphone-maker is concentrated on building a cash war chest to fuel innovation, says BlackBerry CEO John Chen.
Investors are waiting to see if the social giant will report another huge quarter.
Though New York has its first confirmed case of Ebola, there's little chance it will spread, says an infectious disease expert.