Recapping the day's news and newsmakers through the lens of CNBC.
BlackBerry's new insurance policy
It seems like just a century or so ago, before iPhones and Android gadgets, that BlackBerry ruled the wireless-device roost. But it's been on the ropes for years, and Monday said it has agreed in principle to be acquired by Fairfax Financial, a Canadian insurance company—Canada's Berkshire Hathaway, according to some—for $9 a share, which is in the stock's recent trading range, and way below the $18 per share the company had spiked to earlier this year. The company would be taken private.
"It takes away a big risk that was actually holding back their business. A lot of people were worried about whether BlackBerry had any future, which means that IT departments were being hesitant to invest in it. By going private they assure that they have a longer-term future ... which makes corporate America more confident that they are not going to waste money by upgrading to the new BlackBerry systems."—CNBC's John Carney