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