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RIM reports quarterly loss but cash pile grows

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TORONTO (Reuters) – Research In Motion Ltd reported a narrower-than-expected loss on Thursday and the struggling BlackBerry maker said it increased its cash pile, a hopeful sign for the launch of its make-or-break line of revamped smartphones next year. Shares of RIM rose more than 15 percent as investors were encouraged by indications the company will have sufficient cash to push ahead with a robust marketing campaign of its next-generation BB10 devices, due out in early 2013. . . .

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