Business news for Sat, 22 Dec 2007 & with words phone+profit. 2 news.

Dow rises 205 points in Santa Claus rally Stocks jumped yesterday after a better-than-expected rise in profit at Research In Motion Ltd., the maker of the BlackBerry smart phone, and on word that Merrill Lynch & Co. may have lined up a big cash infusion from a Singapore fund.

Shareholders of Fonebak, the mobile phone recycling specialist, have had a year to forget. A profit warning chopped 40 per cent off the share price just weeks after a...