Some of the names on the move ahead of the open.» Read More
Ronen Halevy, Berryreview.com, and Leena Rao, TechCrunch, debate a turnaround for BlackBerry. Halevy does not think the company is going to go out of business.
After news of BlackBerry's CEO Thorsten Heins stepping down. CNBC's Josh Lipton reports what's next for the company.
*BlackBerry shares fall after company abandons sale, replaces CEO. NEW YORK, Nov 4- U.S. stock indexes were little changed on Monday in below-average trading volume, while shares of Blackberry plummeted to a 10- year low after the company replaced its CEO.
John Chen will serve as the interim CEO at BlackBerry in the coming weeks. Ed Snyder, Charter Equity Research analyst, and Roger Cheng, CNET executive editor, discuss whether BlackBerry can turn itself around.
*BlackBerry abandons sale plans, to replace CEO. NEW YORK, Nov 4- U.S. stock indexes were little changed on Monday, with shares of Blackberry plummeting to a 10- year low as the day's biggest loser, amid uncertainty over the longevity of the Federal Reserve's massive stimulus measures.
Take a look at some of Monday's midday movers:
Nov 4- BlackBerry Ltd has no plans to shut down its loss-making handset business, said its incoming interim Chief Executive John Chen on Monday, adding that the smartphone maker has enough in its stable to stage a turnaround. "I know we have enough ingredients to build a long-term sustainable business," said Chen in a telephone interview with Reuters on Monday.
Carly Fiorina, former chairman and CEO of Hewlett-Packard, discusses the possibility of a turnaround at BlackBerry.
CNBC's Mary Thompson reports on how much the BlackBerry CEO will walk away with when he leaves the company.
CNBC's Simon Hobbs and James Faucette, Pacific Crest Securities, discuss what technologies can survive at BlackBerry. Faucette says, BlackBerry needs to make massive changes to its business structure.
*BlackBerry abandons sale plans, to replace CEO. NEW YORK, Nov 4- U.S. stocks edged modestly higher on Monday in the wake of data showing that business spending dropped sharply in September and amid uncertainty over how soon the Federal Reserve would be comfortable enough with growth to begin scaling back stimulus.
Should people pay attention to who John Chen is? Boyd Erman, Capital Markets reporter at the Toronto Globe & Mail, talks about potential upside to Thorsten Heins stepping down and what interim CEO John Chen brings to the table.
Several highly anticipated events will finally happen this week, some after months of speculation.
BlackBerry on Monday moved to oust CEO Thorsten Heins and jettisoned a buyout by Fairfax Financial in one fell swoop.
*BlackBerry abandons sale plans, to replace CEO. Still, U.S.-listed shares of Blackberry tumbled 21.1 percent to $6.13 in premarket trade after the smartphone maker said it was abandoning a plan to sell itself and instead, would replace its chief executive officer.
U.S. stock index futures were in positive territory Monday, after the Dow and S&P 500 turned in four-straight weeks of gains, as investors looked ahead to some key economic reports.
CNBC's Jim Cramer and David Faber discuss the ouster of Blackberry's Thorsten Heins, who will lead the company now and whether there really is any interest in the company's intellectual property.
Nov 4- BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said on Monday. Shares of BlackBerry dropped 19 percent to $6.33 in premarket trading.
BlackBerry announces it has abandoned its sale plan and will replace Thorsten Heins as CEO, according to a newspaper report out of Canada. The company says it has received an investment of $1 billion from Fairfax Financial and other institutional investors.
Nov 4- BlackBerry Ltd is abandoning a plan to sell itself and will instead raise some $1 billion and replace its chief executive, the Globe and Mail newspaper said on Monday, citing sources. The Globe said the smartphone maker plans to raise the $1 billion by selling convertible notes. BlackBerry couldn't immediately be reached for comment.