TheStreet.com Ratings' Jake Lynch will be on Stockpickr Answers on Wednesday, June 24, to respond to investing and trading questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today -- for free.
, which reported quarterly earnings on Wednesday morning, will
lay off 900 of its 22,000 employees
. The company reported a 14% drop in third-quarter profit to $694 million, or $1.25 per share, compared with analyst estimates for $1.17 a share. Revenue fell 11% to $3.16.
In other job-cut news,
, up 600 from a previous announcement.
also reported earnings, after Tuesday's market close, with revenue
in the year-ago quarter and earnings dipping to 38 cents per share, from 40 cents a share in last year's quarter.
Despite bonus cuts, most
employees will earn the same in 2009 that they earned in 2008 because the company plans to
Research In Motion's
, according to reports that the handset maker is in talks with
With this in mind, we thought we'd take a look at what Jim Cramer's had to say lately about some of the stocks making headlines today.
To read more,
Stockpickr is a wholly owned subsidiary of TheStreet.com.