RIM's Stock Tumbles on News of New CEO

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Research In Motion (NAS: RIMM) bids farewell to co-chief executives Jim Balsallie and Mike Lazaridis in a management shift that the company hopes will make it more competitive against Google's (NAS: GOOG) Android and Apple's (NAS: AAPL) iPhone devices.

  • Apache (NYS: APA) , one of the biggest U.S. gas producers, is buying privately held oil and gas company Cordillera Energy Partners III for $2.85 billion in cash and stock.

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At the time thisarticle was published Fool contributor Tamara Rutter owns shares of Apple. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Google and Apple. Motley Fool newsletter services have recommended buying shares of Google and Apple, as well as creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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