Global Markets: Blackberry fourth quarter results push shares up

By Commodity News Service Canada
WINNIPEG, March 28, 2018 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
BlackBerry Ltd. beat analysts’ profit estimates for its
fourth quarter and said it expects strong billings of its high-
margin software and service business for the full year. The
fourth quarter report, released Wednesday, sent Blackberry’s
United States listed shares up three per cent shortly after
market open. The company, which reinvented itself after
customers ditched its smartphones for Apple’s iPhones and

Android devices, said revenue from its enterprise software and
services business rose about 19 per cent to US$108 million.
In response to growing backlash over data sharing, Facebook
Inc. announced Wednesday it is giving users more control over
their privacy by making data management easier and redesigning
the settings menu. The company also said it would propose in the
coming weeks updates to its website’s terms of service and data
policy to better explain what information it collects and how it
uses it.
Aecon Group Inc. is extending the deadline to complete its
deal to be acquired by a Chinese state-owned business as Ottawa
continues its national security review of the agreement. The
deal was originally set to close Friday; it has been extended to
July 13. The US$1.5 billion takeover of Aecon by CCCC
International Holding Ltd. has come under criticism from a
number of sources, last month the federal government announced
it would be stepping up its national security review of the
proposed takeover.

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