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Blackberry Cuts Loss And Sees Rising Sales; Shares Jump


Ron Burgundy
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A BlackBerry Passport smartphone is shown at its official launching event in TorontoBy Euan Rocha and Alastair Sharp TORONTO (Reuters) - BlackBerry Ltd reported a smaller quarterly loss on Friday and flashed encouraging signals about its hard-pressed smartphone business as well as its software and services sales, spurring a 7 percent jump in its shares. The Canadian company, a smartphone pioneer pushed to the margins by Apple Inc's iPhone and devices running Google Inc's Android software, is now focusing more on software and services than on hardware as it works through a drawn-out turnaround. ...




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