Research In Motion to restate results
Maker of the BlackBerry e-mail phone, Research In Motion Ltd said it will restate earnings by about $250 million.

The restatements, which are not yet complete, cover more than three years of results dating back to 2004. The adjustment exceeds an earlier prediction by the company's forecast in January that restatements would cut past earnings by more than $45 million.

The company also said James Balsillie will give up his post as chairman after a review of its stock-options grants but will remain co-chief executive officer as it separates the roles of chairman and CEO to increase corporate governance.

The company said it didn't find intentional misconduct by its executives. Until the options review began, all grants except those to the company's co-CEOs were made ``by or under the authority of'' Balsillie, Research In Motion said.

Shares of Research In Motion fell $4.94, or 3.5 per cent, to $135.97 on 2 March, in Nasdaq Stock Market trading. They have gained 90 per cent in the past 12 months.

Research In Motion is one of at least 200 companies that have disclosed internal or federal investigations into options.

Investigators are trying to determine whether companies inflated the value of employee options by backdating or timing the grants to coincide with days when the stock price was low.
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BBC in tie-up with Google's YouTube for Internet broadcast
The UK government's broadcaster, and YouTube have announced a partnership to offer internet users across the world new and innovative ways to access BBC content through YouTube and the two have already started showing promotional trailers for new programmes and clips from old hits on Google's YouTube in a bid to reach new audiences and boost sales at its commercial arm.

The content will include content based on current BBC hits such as Life on Mars and Doctor Who and some from BBC Worldwide like Spooks and Top Gear, sold globally.

BBC will add news clips in the near future when the output will have three strands BBC said. The advertising-funded news clips will, however, not be available to users in Britain who pay the licence fee that funds the BBC.
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China's exports to grow at 23 per cent; Deutsche Bank
Beijing: China's exports are estimated to rise by 23 per cent this year due to optimism over the US economy and improved technologies and competitiveness of Chinese goods, Deutsche Bank has forecast. The Bank said appreciation of the Chinese currency, the yuan, has not had a negative effect on exports.

Although the yuan has appreciated 6.4 per cent, the growth rate of China's exports declined only 1.2 per cent last year. The growth rate of exports in 2005 was 28.4 per cent.

China's exports growth were also not effected by other policies, including new export taxes, reduced export tax rebates, and rising costs for land, labour and environmental protection, the bank said.
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