Synchronoss Technologies Inc. (SNCR) announced after the close Thursday that it has acquired NewBay, a wholly owned subsidiary of Research in Motion (RIMM) for $55.5 million in cash.
Synchronoss Technologies has been rising since the open Friday and is now up 0.43 at $20.92. The stock has been gaining ground for the last month and has climbed to its highest level since early November.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.