With new devices on the way and roughly 50 million people globally still using its older-generation phones, BlackBerry sees potential in mobile.» Read More
FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.
TORONTO, Sept 29- Even as BlackBerry pivots to focus more on software and services, the company that gained fame for its smartphones is not giving up on its handset business, two senior executives said.
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Nike Inc., up $9.75 to $89.50. Janus Capital Group Inc., up $4.78 to $15.89.
Apple Inc. rose 2.9 percent to $100.75 with 60,787,100 shares traded. BlackBerry Ltd. rose 4.7 percent to $10.26 with 42,772,900 shares traded. ChinaNet Online Holdings Inc. rose 29.4 percent to $3.48 with 22,825,000 shares traded.
But BlackBerry's hardware unit also offered hopeful news, posting an adjusted profit for the first time in five quarters, helped by lower manufacturing costs and strong demand for its low-end Z3 handsets in emerging markets. BlackBerry shares were up 7.6 percent at C $11.70 on the Toronto Stock Exchange and up 7.4 percent at $10.51 on Nasdaq.
NEW YORK, Sept 26- U.S. stock index futures were pointing towards a flat open on Friday after major indexes suffered their biggest drop since July, and data showed the economy grew at its fastest pace in more than two years.
TORONTO, Sept 26- BlackBerry Ltd reported a much smaller-than-expected quarterly loss on Friday and said it was concentrating on growth and investments, even as concerns about weak revenue linger. John Chen, who became BlackBerry's chief executive officer in November, is "coming up to one year, and it's still declining by big numbers," Gillis said.
U.S. stock index futures traded higher on Friday, ahead of the third estimate for second quarter GDP.
TORONTO— BlackBerry posted a smaller loss of $207 million in the second quarter on Friday just days after the embattled company launched a new phone. Chief Executive John Chen said on a conference call with analysts that BlackBerry is "definitely in the first half" of an eight quarter turnaround.
Companies making headlines before the bell Friday:
BLACKBERRY CEO CHEN SAYS EXPECTS TO DOUBLE SOFTWARE REVENUE NEXT YEAR FROM AROUND $250 MILLION IN THIS FISCAL YEAR.
BLACKBERRY CEO CHEN SAYS COMPANY HAS 91 MILLION MONTHLY ACTIVE USERS OF BBM.
BLACKBERRY CEO CHEN SAYS IN NEXT 90 DAYS WILL RELEASE BBM PROTECTED, BBM MEETINGS, BBM MONEY, AND IDENTITY MANAGEMENT SOFTWARE.
NEW YORK, Sept 26- U.S.-listed shares of Blackberry Ltd were leading premarket actives on the Nasdaq Friday after the company posted quarterly results. On the New York Stock Exchange, Nike shares were surging, up 7.41 percent to $85.66, after the world's largest sportswear maker reported a better-than-expected quarterly profit.
BLACKBERRY LTD CEO JOHN CHEN SAYS HAVE RECEIVED ORDERS FOR MORE THAN 200,000 PASSPORT HANDSETS.
NEW YORK, Sept 26- U.S. stock index futures were inching higher on Friday after major indexes suffered their biggest drop since July, ahead of data on economic growth and consumer optimism. *Later in the session at 9:55 a.m., investors will eye the Thomson Reuters/ University of Michigan's final September reading on consumer sentiment.
TORONTO, Sept 26- BlackBerry Ltd reported a much smaller-than-expected quarterly loss on Friday and said it was turning its focus to growth and investments. The Waterloo, Ontario- based company reported a net loss of $207 million, or 39 cents per share, for the second quarter ended Aug. 30. That compared with a year-earlier loss of $965 million, or $1.84 per share.
BlackBerry reported a smaller quarterly loss on Friday in an early sign that its drawn-out turnaround efforts might be working.
TORONTO, Sept 26- BlackBerry Ltd reported a smaller quarterly loss on Friday in an early sign that its drawn-out turnaround efforts might be working. The Waterloo, Ontario- based company reported a net loss of $207 million, or 39 cents per share, for the second quarter ended Aug. 30. That compared with a year-earlier loss of $965 million, or $1.84 per share.
Friday's markets could be volatile as investors wonder if this week's selloff is the start of a bigger pullback or just end-of-quarter profit-taking.