BlackBerry Posts Quarterly Loss as Phone Sales Frustrate Paths
BlackBerry reports an $84 million loss in the quarter and ships 6.8 million smartphones, with revenue of $3.1 billion. Analysts expected an adjusted profit of 7.6 cents on $3.37 billion, sending shares down about 28 percent to $10.46. CEO Thorsten Heins pledged ongoing rollout of BlackBerry 10 despite early-stage results.
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BlackBerry
Bloomberg
Jeff Kagan
Thorsten Heins
Faster Wi Fi Takes Next Gen Leap With 802 11ac Certifying
An industry group began certifying devices for the faster 802 11ac wireless standard, promising speeds up to four times current 802 11n. The move targets homes with many connected devices and shifts from 2.4 GHz to 5 GHz to reduce congestion. Large device adoption is expected during the holiday season or early next year.
MENTIONED IN THIS ARTICLE
U.S
Wakefield Research
Tesla posts gains as two new models move forward
Tesla Motors shares climb, with the firm eyeing 21,000 cars built in Fremont this year. CEO Elon Musk cites progress and hints at Gen 3 pricing while planning Model X deliveries next year and a push toward a $35,000 price range for mass market EVs.
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Fiat
General Motors
Tesla
Elon Musk
Musk
Ford recalls over thirteen thousand Ford and Lincoln models
Ford recalls more than 13 000 Explorer TauRus and Lincoln MKS vehicles for rear door child safety lock failures. Affected 2013 models sold mainly in the United States Canada and Mexico. Locks may turn off when doors move, allowing entry. No injuries reported. Dealers replace latches at no cost. Honda recalls over 686 000 Fits and 143 000 Americas for fire risk from water damaged power window switches. Cars from 2007 and 2008 model years urged to stay out of garages until inspected. No injuries reported. Replacements free. Lorain County Community College earns M List status for manufacturing training.
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Mexico
Honda
Mutual fund footnotes and stock split terms summarized
A compact glossary notes mutual fund footnotes and stock actions. It covers splits of at least 50 percent, 20 percent first year splits, bankruptcy or receivership status, and terms for when distributions, warrants, or reverse splits occur. It also defines fees, front loads, deferred charges, and market cost allocations.
MENTIONED IN THIS ARTICLE
Saraa Iock
Stork
Associated Press
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