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BlackBerry Drops Heins as CEO, Ditches Sale Plans

2013-11-04 18:34:41| PC Magazine Cell Phones Product Guide

It's more drama for BlackBerry, which announced today that CEO Thorsten Heins is out in a deal whereby Fairfax Financial will invest $1 billion in the company rather than buy it out.

Tags: sale plans ceo drops

BlackBerry ditches CEO and accepts $1 billion loan from Fairfax, others

2013-11-04 16:03:23| InfoWorld: Top News

BlackBerry will change its CEO and accept a $1 billion loan from a consortium involving shareholder Fairfax Financial Holdings as it struggles with inventory and strategy problems. The company has abandoned plans to sell itself, after months of shopping itself without getting a buyer. CEO Thorsten Heins will resign when the deal is complete, with former Sybase CEO John S. Chen joining the company as chairman and interim CEO, BlackBerry announced today.

Tags: others loan ceo billion

Update: BlackBerry ditches CEO and accepts $1 billion loan from Fairfax, others

2013-11-04 16:03:23| InfoWorld: Top News

BlackBerry will change its CEO and accept a $1 billion loan from a consortium involving shareholder Fairfax Financial Holdings as it struggles with inventory and strategy problems. The company has abandoned plans to sell itself CEO Thorsten Heins will resign when the deal is complete, with former Sybase CEO John S. Chen joining the company as chairman and interim CEO, BlackBerry announced Monday.

Tags: others update loan ceo

Hyundai ditches cigarette lighter for USB port

2013-10-03 23:25:26| Automakers - Topix.net

SEOUL – Hyundai Motor said Thursday it would stop putting cigarette lighter sockets in cars made for the domestic market in favour of a USB power point.

Tags: port usb hyundai lighter