Move will cover 3% of outstanding shares: Regional banker IberiaBank plans to buy back up to 900,000 shares of its outstanding common stock. Lafayette-based IberiaBank says the repurchase covers up to 3% of its outstanding shares. The bank will make the purchases on the open market or in privately negotiated transactions. In Tuesday trading, IberiaBank shares were down 96 cents to close at $50. The shares have traded in a 52-week range of $48.31 to $61.30.
Company plans to go head-to-head with iPhone and Android: Research In Motion is unveiling five new BlackBerrys with touchscreens, as it hopes to revive the line’s dwindling appeal in the face of competition from the iPhone and Android smartphones. The new phones had been expected earlier this year, but were delayed. Those delays have weighed heavily on Research In Motion’s stock price, which is at its lowest level since 2006. RIM, which is based in Waterloo, Ontario, is updating its high-end Bold models to include touchscreens. It’s also introducing two Torch models with no physical keyboards. The phones run a new version of the BlackBerry operating system, which RIM says runs much faster than earlier versions. AT&T says it would launch one of the new Torch models this month and another Torch and Bold model later this year.
