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BlackBerry co-founder trims stake after huge loss

AP FILE PHOTO / RICHARD DREW

BlackBerry co-founder Michael Lazaridis has trimmed his stake in the troubled smartphone pioneer to just below 5 percent after selling 3.5 million shares during the past two days.

Posted: December 25th, 2013 in Latest Business Stories | Read More »

BlackBerry loses $965 million in 2nd quarter

AP FILE PHOTO / RICHARD DREW

Canadian tech pioneer BlackBerry, which earlier this week agreed to a $4.7 billion buyout, said Friday that it lost $965 million in the second quarter.

Posted: September 27th, 2013 in Latest Business Stories,Photos & Videos | Read More »

Fairfax chief: I won’t abandon BlackBerry bid

In this April 11, 2013 photo Fairfax Financial Chairman and CEO Prem Watsa speaks at the company's annual general meeting in Toronto. AP FILE PHOTO

The head of Fairfax Financial Holdings Ltd. says he has every intention of completing the acquisition of BlackBerry, despite doubts that the $4.7 billion deal for the troubled smartphone maker will go through.

Posted: September 26th, 2013 in Latest Business Stories,Photos & Videos | Read More »

Blackberry maker dropped from Nasdaq 100

AP FILE PHOTO / RICHARD DREW

Canadian company Research in Motion, the makers of BlackBerry telephones, will no longer be part of the Nasdaq 100 index, the market operator said Saturday on its web site.

Posted: December 16th, 2012 in Latest Business Stories | Read More »

Struggling BlackBerry maker begins job cuts

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AP FILE PHOTO / RICHARD DREW

Struggling BlackBerry maker Research In Motion said Wednesday it has started laying off employees as part of a restructuring plan aimed at saving about $1 billion this year.

Posted: June 21st, 2012 in Latest Business Stories | Read More »

BlackBerry maker stock slips to new low

AP FILE PHOTO / RICHARD DREW

Shares in BlackBerry maker Research In Motion fell below $10, the lowest point in nearly eight years, amid growing concerns about the outlook for the troubled smartphone maker.

Posted: June 5th, 2012 in Latest Business Stories,Photos & Videos | Read More »

Blackberry maker to cut 2,000 jobs, splits COO job

NEW YORK—BlackBerry maker Research In Motion Ltd. is cutting 2,000 jobs as part of a cost savings plan announced last month and is shuffling some senior executives. The job cuts amount to about 10 percent of the company’s work force. The company said Monday it will notify affected employees this week. It expects to give [...]

Posted: July 25th, 2011 in Headlines | Read More »

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