Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

 
 
 
Business

Business (1)

TORONTO (AP) - BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax.

BlackBerry said Monday that a letter of intent has been signed and its shareholders will receive $9 in cash for each share.

Fairfax head Prem Watsa is a former board member who owns 10 percent of BlackBerry. Watsa stepped down when BlackBerry announced it was considering a sale last month. The billionaire is one of Canada's best-known value investors. .

Trading of the company's stock was halted ahead of the news. BlackBerry shares plunged after the company announced Friday a loss of nearly $1 billion and layoffs of 4,500 workers.

The BlackBerry, pioneered in 1999, was once the dominant smartphone for on-the-go business people and other consumers before Apple's iPhone debuted in 2007.

 
Monday, 23 September 2013 13:01
Published in Business
Written by
Read more...

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Man charged in connection to mother's murder

Man charged in connection to mother's murder

St. Louis, MO (KTRS) - A St. Louis man is facing first-degree murder charges in his mother's death.   Prosecutors allege that Courtney Cunningham allegedly shot his...

Missouri lawmakers mull change to helmet law

Missouri lawmakers mull change to helmet law

JEFFERSON CITY, Mo. (AP) - The Missouri House has endorsed a bill that would allow motorcyclists over the age of 21 to forgo wearing helmets while travelling on the road. &n...

House approves change to Missouri primary dates

House approves change to Missouri primary dates

JEFFERSON CITY, Mo. (AP) - The Missouri House gave initial approval to legislation that would move the state's primary elections to June.   Party primaries for Cong...

One dead after shooting in Washington Park, Illinois

WASHINGTON PARK, Ill. (AP) - Illinois State Police are helping investigate a suspected drive-by shooting death of a 19-year-old man in southwestern Illinois' Washington Park. ...

Three gyms robbed within minutes of one another

St. Louis, MO (KTRS) - A spate of break-ins targeted south city gyms this morning.   Fox2 reports thieves hit at least three different gyms in less than a half an h...

UPDATE: Missing Belleville boy found safe

UPDATE: Missing Belleville boy found safe

St. Louis, MO (KTRS) - UPDATE: Good news for a Belleville father, his 11-year-old son has been found safe.   A SARAA Alert was issued Wednesday morning for DeA...

Universities examine bans of 'selfies' at graduations

St. Louis, MO (KTRS) - It may be coming to a college near you.......with graduation season upon us, bans on selfies are being suggested.   Two universities are the ...

© 2013 KTRS All Rights Reserved