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Question of the Day
The main stock index in Athens soared to close up 6.9 percent, with the battered bank sector chalking up solid gains.
Four polls published Sunday reversed previous trends to indicate that conservative New Democracy could come first in the June 17 vote, slightly ahead of the anti-austerity radical left Syriza party. Although the conservatives would still fall short of a governing majority, the surveys suggested they could form a coalition government with socialist PASOK, which has also pledged to stick to Greece’s austerity commitments.
Debt-crippled Greece is being kept afloat by huge international rescue loans, granted on condition of harsh cutbacks and reforms that slashed living standards.
Blackberry-maker RIM loses another senior executive
TORONTO — Struggling BlackBerry-maker Research In Motion Ltd. is losing another senior executive as its chief legal officer is retiring from the company after 12 years.
RIM said Monday that Karima Bawa had been in discussions about her retirement for some time and plans to stay on to help with the transition once a replacement has been hired.
The departure comes amid reports that RIM may announce a major restructuring that could result in thousands of job cuts.
It also follows the departure last week of Patrick Spence, RIM’s head of global sales. A number of executives left earlier this year, including founder Mike Lazaridis and co-chief executive Jim Balsillie. Mr. Lazaridis remains on the board.
Thorsten Heins became RIM’s chief executive in January after RIM lost tens of billions in market value.
• From wire dispatches and staff reports
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