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MarketWatch’s rundown of corporate headlines of interest to investors early Friday.
The manager of Smead Value Fund prefers large companies that have built high barriers to competition. Moreover, he wants to own shares of companies that can be held 10 years, and which meet an economic need and generate strong free cash flow.
Research in Motion Ltd. shares fell to their lowest level in more than eight years Friday morning after the company posted a disastrous quarterly report and delayed the launch of its BlackBerry 10 operating system.