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Business 11 Feb 2014 | 5:54 PM

AirAsia launches three new routes under expansion plan

KUALA LUMPUR: AirAsia stepped up its expansion plan with the launch of three new routes from Johor Bahru-Tawau, Singapore-Kota Bharu and Singapore-Terengganu.

Business 02 Nov 2013 | 8:20 PM

Fairfax struggles to raise funds for BlackBerry bid

NEW YORK: Fairfax Financial Holdings Ltd is struggling to raise financing for its $4.7 billion bid for BlackBerry Ltd, with several large banks declining to participate on concerns that the smartphone maker will not be able to reverse its fortunes, according to people familiar with the matter.

Business 03 Oct 2013 | 6:45 AM

BlackBerry shares rise on possible Cerberus bidding interest

TORONTO/NEW YORK: The possibility of a second offer for BlackBerry Ltd reversed a slide in its stock price on Wednesday after the struggling smartphone maker said it expected to record $400 million in pre-tax charges related to cuts announced last month.

Business 25 Sep 2013 | 6:43 AM

By going private, BlackBerry may buy time to fix itself

TORONTO: A tentative deal to take BlackBerry Ltd private will not necessarily resolve challenges that pushed the smartphone maker into a corner in the first place, but it gives the struggling company some breathing room

Business 23 Sep 2013 | 12:54 PM

BlackBerry's move away from consumers unlikely to stem decline

TORONTO: BlackBerry Ltd's plan to retreat from the consumer market in favour of its traditional strength serving businesses and governments is widely seen as a desperate move that industry watchers warn will only accelerate its downward spiral.

Business 21 Sep 2013 | 6:36 AM

BlackBerry Warns Of Big Loss, 4,500 Job Cuts; Shares Dive

TORONTO: BlackBerry Ltd warned on Friday it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, rekindling fears of the company's demise and sending its shares into a tailspin.

Business 19 Sep 2013 | 8:25 AM

Z30 Unveiled in KL Is New Flagship Smartphone For BlackBerry

TORONTO: BlackBerry Ltd launched its new Z30 flagship smartphone on Wednesday, as it battles to win back market share amid uncertainty over its future.

Business 19 Sep 2013 | 8:11 AM

BlackBerry Plans Deep Job Cuts As New Phone Launches

The long-rumoured Z30 device, unveiled at an event in Kuala Lumpur, Malaysia, will take the crown as BlackBerry's highest-end device from the smaller Z10, launched earlier this year.

Business 27 Mar 2013 | 12:00 AM

BlackBerry targeted by short sellers as market awaits results

TORONTO: BlackBerry's share price has more than doubled over the last six months as buzz around its new smartphones has boosted investor confidence, but some traders are betting big that talk of a turnaround is over-hyped.

Business 26 Mar 2013 | 12:00 AM

BlackBerry shares drubbed, just days before key results

TORONTO: Reports of a lackluster launch of its pivotal new smartphone in the U.S. market cost BlackBerry an influential downgrade on its stock on Monday and a 4 percent drop in its share price, just days ahead of quarterly results that will offer the first concrete gauge of how its new phone is being received.