News Summary: RIM's loss not as bad as expected

The Associated Press

ANOTHER LOSS: BlackBerry-maker Research In Motion posted another large quarterly loss on Thursday, but the hemorrhaging was not as bad expected.

DEVELOPING MARKETS: The Canadian company is still losing market share in North America, where it struggles to compete with Apple's iPhone and phones that run Google's Android software. But it has stepped up sales in developing markets and actually increased its subscriber base and cash position.

STOCK RALLY: RIM's stock surged more than 20 percent in after-market trading on the news.