RIM co-CEOs step down

RIM has appointed a new CEO after increasing shareholder pressure and a poor financial performance in 2011. Thorsten Heins will take over as president and CEO, with former co-CEOs Mike Lazaridis and Jim Balsillie stepping down. Lazaridis will become vice chair of RIM’s board and chair of its new Innovation Committee and Balsillie will remain a member of the Board.

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Total Telecom: MasterCard seeks partnership with Swedish m-payments JV

4T plans to launch later this year; insists services like Google Wallet will not hurt premium SMS revenues. 4T, the mobile payment joint venture established by Sweden’s mobile network operators Telia, Tele2, Telenor and 3, presented its strategy at an industry event in Stockholm on Wednesday. Read full article Related
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