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SAN FRANCISCO (AP) -- Palm Inc. and Research In Motion Ltd. reported starkly different earnings, but the two major smart phone makers both face intense scrutiny from Wall Street about whether they'll withstand competition from Apple Inc.'s iPhone. Research In Motion said Thursday that its fiscal first-quarter earnings grew 73 percent thanks to increased sales and subscriber additions. The BlackBerry maker also announced a 3-for-1 stock split, and the shares surged more than 17 percent after ...

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SAN FRANCISCO (AP) -- On the eve of the day of reckoning for the most-hyped gadget in recent memory, eager customers lined up Thursday, a few even braving torrential rain, to be among the first to get their hands on the coveted new cell phone from Apple Inc. The gadget, which combines the functions of a cell phone, iPod and wireless Web browser, will go on sale in the United States at Apple and AT&T stores at 6 p.m. Friday in each time zone. It's been the focus of endless anticipatory chatte...

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TORONTO (AP) ? Shares of Research In Motion Ltd. surged nearly 17 percent in after-hours trading Thursday after the BlackBerry maker said its first-quarter earnings grew 73 percent on increased sales and subscriber additions.

For the quarter ended June 2, Waterloo, Ontario-based RIM earned $223.2 million, or $1.17 per share, up from $128.8 million, or 67 cents per share, in the year-ago quarter. Adjusted net income, which excludes a $5.3 million stock option expense, came to $228.5 million, or $1.20 per share, RIM said.

The positive results came a day before Apple Inc.'s heavily hyped iPhone is launched. The iPhone can handle phone calls, e-mail, Web browsing, music and videos.

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CUPERTINO, Calif. (AP) - After months of hype, Apple's iPhone is going on sale today.

It will be available starting at six pm local time all across the nation, with all 164 Apple retail stores in the US staying open until midnight.

Customers will be limited to two iPhones per purchase on a first come, first served basis.

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WASHINGTON (AP) ? Manufacturers will have more leeway to set minimum prices at the retail level without violating antitrust laws under a Supreme Court ruling that could hurt consumers and small merchants.

By allowing minimum price agreements, the court's 5-4 decision on Thursday could lead to higher prices, dissenting justices said. The ruling could also make it harder for new retailers to enter the market, according to consumer advocates, because most innovative retailers begin as lower-cost alternatives.

Supporters of the ruling argue that it will enable retailers to pay for better customer service by charging more without fear of being undercut by discounters.

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