The ailing Smartphone maker Blackberry announced that it has tentatively agreed to be sold to a group of investors for $4.7 billion. This is the latest troubling sign for a company that has been hemorrhaging money and has massive layoffs planned. Blackberry was once synonymous with Smartphones. Many of the people once addicted to these devices, though, have moved on to glitzier products.
We've got Bloomberg technology columnist Rich Jaroslovsky on the line with us. Rich, good morning.
And President Obama is also paying close attention to what's unfolding on Capitol Hill this week. Senate Majority Leader Harry Reid tried to move forward yesterday on a bill to keep the government running past October 1st.
(SOUNDBITE OF SENATE SESSION)
SEN. HARRY REID: I ask unanimous consent the Senate proceed to Executive Session to consider nominee number...
That's nice. Today's last word in business is: Hippie Bus. It was the ride of choice during the Summer of Love. The Volkswagen van. We are told Steve Jobs sold his in the '70s in order to buy a circuit board. Well, that iconic van is soon to be made no more.
NPR's Lourdes Garcia-Navarro reports.
LOURDES GARCIA-NAVARRO, BYLINE: Many owners gave their names because they were idiosyncratic, colorful cheap and had a tendency to break down. Full disclosure, ours was called Gertie.
Originally published on Wed October 16, 2013 3:37 pm
Safe to say, Americans love small business. Or at least the Idea of Small Business.
President Obama once told owners: "What you share is an entrepreneurial spirit, a tireless work ethic and a simple hope for something better that lies at the heart of the American ideal. Businesses like yours are the engines of job growth in America."
No doubt most of you reading this post have looked at Yelp or Google+ Local to check the user reviews before you tried that fish store, bakery or even dentist. On occasion, you may have wondered if some of those reviews were too good to be true.
Originally published on Mon September 23, 2013 5:46 pm
The captain of the Costa Concordia says the helmsman of the ill-fated cruise liner failed to properly execute a last-minute corrective maneuver that could have kept the massive vessel off a rocky shoal near the coast of Tuscany.
Capt. Francesco Schettino, who is charged with manslaughter in the deaths of 32 people aboard the ship, which ran aground on Jan. 13, 2012, is also accused of abandoning the liner's 4,200 passengers and crew on the night of the wreck.
Originally published on Mon September 23, 2013 6:50 pm
The practice of writing fake online reviews has landed 19 companies in hot water in New York, where the attorney general announced penalties Monday over what he says are attempts to manipulate consumers.
Attorney General Eric T. Schneiderman says the companies will pay more than $350,000 in fines after an investigation found that firms "had flooded the Internet with fake consumer reviews on websites such as Yelp, Google Local, and CitySearch," according to a press release from his office.
From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel.
Someday soon you'll see a new kind of advertising on TV and the Internet. A federal law went into effect today allowing private companies to solicit investors for the first time. The new rules are supposed to make it easier for startup companies to raise money. But NPR's Jim Zarroli reports they could also generate more fraud.
Originally published on Mon September 23, 2013 2:29 pm
Sales of its new iPhone 5s and 5c models have surpassed other iPhone releases and exceeded initial supply, Apple says. The company says it has sold 9 million of the phones since their launch on Friday and that "many online orders" will ship in coming weeks.
"This is our best iPhone launch yet — more than nine million new iPhones sold — a new record for first weekend sales," Apple CEO Tim Cook said in a Monday press release. He added that "while we've sold out of our initial supply of iPhone 5s, stores continue to receive new iPhone shipments regularly."
Originally published on Mon September 23, 2013 2:11 pm
The U.S. Defense Department has awarded a rich military contract to Lockheed Martin, agreeing to pay more than $3.9 billion for a missile-defense system. The deal calls for a maximum of 110 high-altitude interceptor missiles for the United States, and 192 versions of the missiles for export to the United Arab Emirates.
Update at 2:30 p.m. ET: Number Of Missiles Adjusted