BlackBerry stunned investors this morning when it announced that it would not complete the previously reported sale to Fairfax Financial. Instead, Fairfax Financial will lead a group of investors in a $1 billion cash infusion, and CEO Thorsten Heins is stepping down and leaving the board. Pre-market trading was very negative, and there has been only a minor recovery during trading hours. As of 12:15 p.m., BBRY is trading at $6.67.
At a time when U.S. banking giants like JPMorgan Chase and Bank of America are being held out to dry by regulators and investors alike, Europe’s largest financial institution, HSBC, recorded a 10 percent profit for Q3.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: