RIM offers dual-mode cellular, Wi-Fi BlackBerry
Toronto: Research In Motion has announced a new model of its smartphone Blackberry on Tuesday. BlackBerry 8820, as the device is known can operate on both cellular and Wi-Fi networks and will be launched by AT&T in the US later this summer, the company said.

The new BlackBerry, like other recent RIM models, also comes with the latest media player enhancements the company said.

Waterloo, Ontario-based RIM is trying to broaden the market for its smartphones as it has not been able to penetrate the retail market to the extent that it has for executives, politicians, lawyers and other professionals.

RIM shares rose C$4.19 to C$240.29, on the Toronto Stock Exchange. On Nasdaq, they rose $3.53 to $230.07.
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Yahoo posts lower profit
San Francisco: Yahoo Inc has reported a dip in quarterly profit mainly due to reduced advertising revenue. The company also gave a weaker-than-expected forecast for the rest of 2007.

Shares in the Internet media company fell 4.2 percent in extended trade on the results.

Jerry Yang, the company's co-founder who took over as CEO in June, promised a new strategic plan as he sought to convince investors he is open to change and able to take on rapidly growing rival Google Inc.

Yang said Yahoo has three priorities: help advertisers gain insight into Yahoo customer interests, create a more open technology platform for Internet users and arrange more partnerships such as those struck in the past year with eBay Inc. Comcast Corp.
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Coca Cola sales soar in China
Cola Coca Inc has unveiled its best sales growth for in almost nine years on the back of surging sales of Coca Cola in China and India. During the second quarter of the year, Coca Cola's sales rose 19 per cent compared with the year before.

Sales of soft drinks in China — such as Diet Coke and Qoo, a vitamin C children's drink — represented the best-performing part of the group's business. However, sales of carbonated drinks in America slipped 3 per cent during the period.

A company spokesman blamed the performance in its home country partly to being forced to increase prices to absorb higher aluminium and sugar costs. While both commodities have fallen this year, the company still suffers from a lag effect of the higher prices in 2006.

Coke Zero, the no-calorie drink launched by the company in the United States two years ago, has enjoyed a 10 per cent rise in sales over the period.

Overall, Coca-Cola reported a net income rise of just 1 per cent in the three-month period at $1.85 billion, bringing net income for the half-year up 6 per cent to $3.11 billion.

The Coca-Cola Company, including its bottlers, employs about 55,000 people, 44,000 outside the United States
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Man Financial to list on NYSE
Mumbai: Leading brokerage house MF Global and part of the Man Group Plc, has made an initial public offering for $3.5 billion for listing on the New York Stock Exchange.

MF Global is currently operating through Man Financial Ltd, Man Financial Inc and other subsidiaries of Man Group plc.

The estimated price range for the IPO of 97.4 million shares representing approximately 80 per cent of the outstanding share capital is $36-39 per share.

Man Group intends to separate Man Financial, its brokerage business through the IPO. Man Financial will be renamed MF Global upon completion of the separation and IPO.
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