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RIM Investor Urges Fast Shake-Up; Shares Rise

An activist shareholder in Research In Motion said on Tuesday it wants the struggling BlackBerry maker to consider selling itself or spinning off its patent portfolio, sending RIM's share price higher.
Mike Lazaridis, president and co-CEO of Research in Motion

RIMM: Could New Investor Demand Make it Motorola Redux?

Ontario-based Jaguar Financial has bought into RIMM and wants a shake-up. CEO Victor Alboini told IBTimes the current management is putting all its eggs in one basket and is not meeting the competition from Apple and others.
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Kofax Plans for IPO in U.S.

Kofax Plc's management confirmed that the board is planning for an initial public offering (IPO) in the United States at some stage in the future with plans to maintain a dual listing between the United Kingdom and the U.S.
Flames and smoke rise from above the trees as a wildfire burns near Possum Kingdom Lake

Texas Fires Burn Thousands of Acres, Destroy 300 Homes

In a summer where brush fires have surpassed the worst-season-in-history records, multiple wildfires blazed across southeast Texas Sunday, scorching thousands of acres, stretching across a 16-mile area, and destroying 300 homes, authorities said.
Tropical Storm Lee

Tropical Storm Lee Spawns Tornadoes on Gulf Coast

Tropical Storm Lee spawned tornado sightings and alerts from the Louisiana Gulf Coast to the Florida panhandle on Sunday, and at least one death was reported from a traffic accident related to the storm.
Gulf disturbance threat level

Tropical Storm Lee Strengthens Near Louisiana, Official Banks on Levees

Tropical Depression 13 has now upgraded to Tropical Storm Lee and is threatening to bring heavy rainfall to the New Orleans areas over the Labor Day weekend, as bands of thunderstorms pass over the region in the next couple of days. Lee is located just 200 miles southeast of Cameron, La., and 210 miles southwest of the mouth of the Mississippi River. Lee is now packing maximum sustained winds of 40 mph and is moving northwest at 2 mph.

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