BlackBerry name change approved by shareholders

WATERLOO, Ontario — Research In Motion has won formal approval to change its name to BlackBerry. The Canadian company announced plans for the name change in January, when it unveiled new phones running a revamped operating system called BlackBerry 10. The company hopes the new devices will be more competitive with iPhones and Android devices. …

Traders await Sona economic program

BUSINESS leaders in Cebu are hoping to hear significant developments as President Benigno Aquino III delivers his State of the Nation Address (Sona) on July 22.

Although, Aquino has already done a “great job” in uplifting the Philippine economy, Cebu Chamber of Commerce and Industry president Lito Maderazo is hoping his Sona will address the country’s competitiveness by initiating amendments on certain economic provisions of the Constitution.

“(President Aquino), in his three-year term, was able to bring major changes in the government in the areas of transparency and accountability. This is the reason why business confidence among investors is high,” said Maderazo. Read more

Yahoo shuts down Internet relic AltaVista

NEW YORK — Once up on a time, there was a popular search engine called AltaVista. It lives no more. On Monday, its owner Yahoo Inc. sent to the Internet graveyard to rest alongside order-almost-anything venture and the butler from Ask Jeeves. Palo Alto, California-based AltaVista was introduced in 1995, three years before …

Barnes & Noble CEO William Lynch resigns

NEW YORK — Barnes & Noble Inc. said Monday that William Lynch has stepped down as CEO, effective immediately, just weeks after the book retailer announced weak sales, big losses and the declining popularity of its Nook e-readers. Lynch’s resignation comes after just three years in the role. No successor was named, but the New …