“TORONTO (Reuters) – Research In Motion Ltd delayed the make-or-break launch of its next-generation BlackBerry phones until next year, in a devastating setback to the once-dominant technology company whose sales are crumbling.

Shares in the company, which also announced a steeper-than-expected quarterly operating loss, plunged 18 percent after it said it would release its revamped BlackBerry 10 devices early in 2013, instead of late this year, because the development had “proven to be more time consuming than anticipated.”

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Hot off the press with markets waiting for you to buy today’s gap up; here are some ideas for your portfolio.

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Sucker….

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“Shares of medical device companies were mostly lower Thursday after the Supreme Court upheld the 2010 health care overhaul law.

In a highly anticipated decision, the court ruled the health care law is Constitutional by a 5-4 majority. The vote upheld almost the entire the law, including a provision that requires most people to have health insurance or will have to pay a fine.

FBR Capital Markets analyst Benjamin Salisbury said the ruling was a surprise because many people expected the insurance mandate to be overturned. He said the ruling “is likely to be viewed most negatively for medical device manufacturers” because the law includes an excise tax on medical devices that goes into effect in January.”

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Get them gadgets yo….

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Calls for Dimon’s resignation get louder….

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“News Corp. (NWSA), the media company controlled by Rupert Murdoch, said it plans to split into two after its board approved the move separating publishing assets from entertainment businesses.

The publishing business consists of newspapers in the U.S., U.K. and Australia, as well as book, education and marketing assets, according to a statement from the company today. The media and entertainment company includes film and TV assets. Murdoch will be chairman of both companies and Chief executive officer of the media business.”

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Yesterday’s fine of Barclays has opened up renewed vigor to discover who else was involved  with manipulation LIBOR. Comments out of the U.K. suggest Osbourne will pursue U.S. banks and may bring criminal charges.

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“Here are some big numbers for Google’s Android platform out of the company’s developer conference today in San Francisco: Android has seen 400 million device activations and is adding 1 million per day. That’s up from the 100 million number the company announced last year around the same time.

That’s 12 new Android devices every second, said Hugo Barra, who serves as a product management director of Android at Google.

How does that compare to Apple’s iOS platform? Well, earlier this month, Apple said it had cumulatively sold 365 million devices. Although we don’t know the active installed base of both platforms, this presumably makes Android’s footprint larger — especially since its growth spurt has been more recent.”

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“Energy stocks rallied on Wednesday, lifting U.S. markets ahead of a two-day summit of European leaders.

The Dow Jones Industrial Average tacked on 80 points, or 0.6%, to 12614, while the Standard & Poor’s 500-stock index rose 10 points, or 0.8%, to 1330, and the Nasdaq Composite added 16 points, or 0.6%, to 2870.”

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“Securities regulators have sued Philip Falcone and Harbinger Capital Partners LLC, accusing the hedge-fund manager and his firm of a raft of violations, including misappropriating client assets, manipulating bond prices and favoring certain customers over others.

The U.S. Securities and Exchange Commission filed civil fraud charges Wednesday against Harbinger, Mr. Falcone and Peter Jenson, the firm’s former chief operating officer, in U.S. District Court.”

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“(Reuters) – U.S. health regulators on Wednesday approved Arena Pharmaceuticals Inc’s pill to treat obesity, making it the first new weight-loss drug in 13 years as public health advocates push for new solutions to the nation’s growing obesity epidemic.

Arena shares jumped more than 45 percent following the announcement.

Arena’s lorcaserin, which will be sold under the brand name Belviq, was one of three experimental weight-loss drugs seeking U.S. Food and Drug Administration approval after initial rejections by the agency. Vivus Inc and Orexigen Therapeutics Inc are still hoping to bring their medicines to market.”

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“MIAMI (AP) —PNC Bank has reached a $90 million settlement in a class-action lawsuit over excessive overdraft fees, the latest of several big banks to do so.

The agreement was filed Tuesday in Miami federal court. It must be approved by Senior U.S. District Judge James Lawrence King, who is overseeing similar lawsuits that were consolidated against about 30 banks.

Lawyers say details in the PNC deal will be filed within 45 days.”

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“(MoneyWatch) A recent report from analyst firm comScore said that unique U.S. visitors to Facebook (FB) dropped slightly in May compared to April and March. But an analysis of additional comScore data suggests that the slowdown could be more significant and longer lasting. Falling traffic could be a concern to investors, who justify Facebook’s high market value by pointing to its growth potential.”

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$XOM says they are ‘losing their shirt’ om natty gas. Current prices are not sustainable. HINT….

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“Google I/O is nearly upon us, and all signs point to Google revealing a tablet later today. The device leaked and then over the last few hours several high-level sources confirmed the device’s existence. It’s likely a low-end, 7-inch tablet powered by Google’s latest mobile operating system, Jelly Bean.

Try as they might, Google has yet to deliver an answer to the iPad. Honeycomb and Ice Cream Sandwich tablets were a flop save, and it’s devices like the Kindle Fire and Nook Tablet that have managed to make an impact though they hide their Android underpinnings beneath custom user interfaces. Apple is dominating in the tablet wars and with Microsoft officially throwing down with the high-priced Surface, the Google Nexus Tablet must be a success.”

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“LinkedIn’s chief executive, Jeff Weiner, doesn’t want to talk about Facebook. No, no, no. “I’m not going to get into comparisons with them,” he declares. And yet a few minutes later Weiner rises from his chair, walks over to a whiteboard and energetically sketches a diagram that the world’s other giant social network can’t match.

Weiner draws three concentric circles to show how LinkedIn makes its money. The outer one is subscriptions. Next, marketing and advertising. And in the center is LinkedIn’s richest and fastest-growing opportunity: turning the company’s 161 million member profiles into the 21st-century version of a “little black book” that no corporate recruiter can live without.”

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Let’s hope so for all those participating in the Margin Stanley debacle…

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“Caterpillar Inc. (CAT), the largest maker of construction and mining equipment, has provided the best risk-adjusted return among its peers since financial markets hit bottom in 2009 as it made acquisitions and expanded in emerging markets such as China.

Caterpillar’s risk-adjusted gain of 4.5 percent in the three years through June 26 topped that of 20 competitors with sales of more than $2 billion in the Bloomberg Industries Construction & Mining Machinery Index, the BLOOMBERG RISKLESS RANKING shows. The Peoria, Illinois-based company also had the highest total return in the index at 157 percent and volatility below 75 percent of stocks.”

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