Financial Latest News, Breaking Stories and Comment

BlackBerry Reports Loss but beats EPS and Revenue Expectations

BlackBerry on Thursday reported a loss of $23 million in its fiscal second quarter but beat both Revenue And EPS Expectations. The company says the loss amounted to four cents per diluted share for the quarter ended Aug. 31. The result compared with a loss of US$44 million or 10 cents per diluted share a year earlier.

Financial BlackBerry

·5 years ago

MEMX: New US Stock Exchange launches

The Members Exchange (MEMX), a new US stock exchange that counts some of Wall Street's biggest banks as its backers launched today (September 21). The MEMX started trading seven symbols upon launch including Alphabet, ExxonMobil and BlackBerry.

US Financial

·5 years ago

Ericsson to acquire Cradlepoint to accelerate 5G for Enterprise

Ericsson has agreed to acquire Cradlepoint, a US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions. The investment is key to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G Enterprise space. Cradlepoint complements Ericsson’s existing 5G Enterprise portfolio which includes Dedicated Networks and a global IoT platform.

Financial

·5 years ago

GoCardless launches GoCardless for Salesforce Billing

GoCardless has launched GoCardless for Salesforce Billing on Salesforce AppExchange, providing Salesforce customers with direct access to the GoCardless global bank debit network to help them take control of their domestic and international recurring payments.

Financial

·5 years ago

NVIDIA to Acquire Arm for $40 Billion

NVIDIA and SoftBank Group have signed a definitive agreement under which NVIDIA will acquire Arm from SBG and the SoftBank Vision Fund (SoftBank) in a transaction valued at $40 billion.

Financial UK

·5 years ago

BlackBerry to Announce Q2 Fiscal Year 2021 Results on September 24

BlackBerry will report results for the second quarter of fiscal year 2021 at 8:00 a.m. ET on Thursday, September 24, 2020. The conference call can be accessed by dialing +1 (877) 682-6267 or live streamed on the Company’s website here.

Financial BlackBerry

·5 years ago

Prem Watsa ups his stake in BlackBerry by 117.99%

BlackBerry completed its debt refinancing Tuesday, which left Fairfax Financial holding 90% of new 1.75% BlackBerry convertible debt. On the same day, Billionaire investor Prem Watsa, leader of Fairfax Financial Holdings, upped his stake in BlackBerry by 117.99%.

Financial BlackBerry

·5 years ago

Fairfax holds 90% of new 1.75% BlackBerry convertible debt

Fairfax Financial Holdings (Fairfax) has acquired control of $330M of 1.75% subordinated convertible debentures issued by BlackBerry, representing 90% of BlackBerry's private placement of $365M of the debentures that closed.

Financial BlackBerry

·5 years ago

BlackBerry Completes Debt Refinancing

BlackBerry has completed the redemption of all of its 3.75% unsecured convertible debentures (TSX: BB.DB.V) (the "3.75% Debentures") on September 1, 2020. None of the 3.75% Debentures were converted into common shares of BlackBerry prior to redemption.

BlackBerry Financial Canada

·5 years ago

BlackBerry Provides Issuance of New Convertible Debentures Update

BlackBerry has announced the amendment of the indenture governing its outstanding 3.75% unsecured convertible debentures to permit the optional redemption of the 3.75% Debentures prior to November 13, 2020.

Financial Canada BlackBerry

·5 years ago

BlackBerry Shareholder objects to Related Party Transactions with Fairfax

BlackBerry Shareholder Dorsey R. Gardner has objected to BlackBerry's recently announced recapitalisation transactions, which he argues give rise to a clear conflict of interest as they involve Fairfax Financial Holdings Limited and certain of its affiliates (collectively, "Fairfax")

Financial Canada BlackBerry

·5 years ago

New smart money app sync. launches in Europe

sync. is aiming to become the first digital smart open banking app offering an easy-to-use financial service across Europe, promising to manage every aspect of a user's financial life in one place. sync. says it was created out of frustration with traditional banks and the niche offering of new challenger banks that are not responding to all the needs of the end customer.

Financial Apps

·5 years ago

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