Business briefs
RIM shot
Research In Motion, whose BlackBerry smart phone faces a growing number of bans in emerg ing markets, risks losing out on expansion after saying it won’t reveal pri ority codes. Saudi Arabia ordered phone compa nies to suspend Black Berry instant messaging from Friday. Shares fell 3.9 percent to $53.39.
IPO? Cut!
Film Department Hold ings, the producer of “Law Abiding Citizen,” is dropping plans to sell stock to the public and is in talks to raise $200 mil lion in loans and private- equity investment.
Whole hit
Whole Foods plunged $3.33, or 8.4 percent, to $36.16 — its steepest one- day fall since November — after forecasting slower sales.
College caper
Sen. Tom Harkin (D- Iowa) is mulling new leg islation after a govern ment investigator de scribed fraud, lying and high-pressure sales tactics used by for-profit educa tion-industry recruiters.
Fed up
The Federal Reserve Bank of New York may seek to require banks to buy back its holdings of faulty mortgages acquired through the rescues of Bear Stearns and AIG.

