Stocks Flat for the Day as Eyes Turn to Europe (RIMM,SBUX)

Major US indices ended essentially flat for the day today, as investor anxiety mounted during the meetings in Europe concerning the state of the eurozone and what actions might be necessary. Yields on 10-year Treasury notes fell for the fourth day in a row, yet another sign of investor’s unease. In corporate news, Blackberry maker Research in Motion (RIMM) has replaced their co-CEOs with a single new CEO, Thorstein Heins, former COO of the company. Despite the company’s difficulty matching competitors in the smartphone market, Heins appears to be seeking a fairly conservative strategy. Starbucks (SBUX), meanwhile, has announced their intention to bring more and more alcoholic beverages to their cafes.

Word on the Street

• The euro hit a 3-week high against the dollar today.
• Stocks hold steady as meeting in Europe continues.
• RIM (RIMM) has a new CEO, replacing their longtime co-CEOs.
• Starbucks (SBUX) will be introducing more alcoholic beverages to its cafes.
• Treasury yields fall for the fourth day in a row.

Interesting Tidbits

• A Brief History of the Blackberry.
• Who is Thorstein Heins?

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