Smartphone maker BlackBerry (née RIM) plans to close its corporate flight department as part of a comprehensive restructuring plan aimed at stemming losses that are set to total as much as $995 million during its second fiscal quarter, which ended last month. New chief executive Thorsten Heins has decided to sell a Bombardier Global Express that the Waterloo, Ontario-based company bought pre-owned as recently as July for an undisclosed price.
Research In Motion
BlackBerry-starved executives who go into cold sweats anytime they have to shut off their devices take heart. Research In Motion, the Canadian company that makes the ubiquitous e-mail fetcher, has introduced Wi-Fi-capable versions of the BlackBerry that satcom installers say will work on airplanes fitted with high-speed-data terminals and wireless access points.