Thursday, October 30, 2014   

Blackberry offloads Canada real estate
(01-22 08:48)

Blackberry plans to sell most of its Canadian real estate holdings as it works to shore up its business under new management.
The troubled smartphone maker says it plans to sell most of its commercial real estate holdings through sale-leaseback and vacant asset sales. But it says it remains committed to Waterloo, Ontario, as its headquarters.
BlackBerry pioneered the smartphone in 1999 and dominated for years but since the late 2000s the company has been hammered by competition from the iPhone as well as Android-based rivals.
Under new chief executive John Chen, BlackBerry has been working to turn around its business. Last month, the company entered into a five-year partnership with a Taiwanese company in an agreement that will offload much of BlackBerry's manufacturing costs.—AP
   
Other Business breaking news:
Athens stock market down 3.6pc (10-30 18:36)
Toshiba half-year net profit surges (10-30 17:27)
German jobless total falls in October (10-30 17:23)
VW confirms full-year targets after 'robust' Q3 (10-30 16:58)
Spanish economy expands by 0.5% in Q3 (10-30 16:58)
European stocks advance at open (10-30 16:57)
Hang Seng finishes lower (10-30 16:35)
Lufthansa cuts 2015 forecast on global economic slowdown (10-30 16:05)
Bayer raises forecasts for 2014 after strong Q3 (10-30 16:04)
NEC rebounds from losses on smartphone exit (10-30 15:25)

More breaking news >>

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