BlackBerry Ltd., reporting narrower losses, said a growth recovery remains a year off and that it’s bringing back a discontinued smartphone called the Bold as a stopgap measure to keep more customers from leaving.
Canadian stocks fell, paring the best weekly rally in a month for the benchmark equity index, as declines in health-care and technology companies overshadowed better-than-forecast growth in retail sales.
Warren Buffett, speaking last April at Coca-Cola Co.’s annual meeting, warned that the beverage giant shouldn’t get complacent about its success. Ten months later, those words could come back to haunt the company.
By Ronald Grover May 13 (Bloomberg Businessweek) -- Kevin Reilly, Fox Broadcasting's entertainment president, is racing to find new shows. His worry is that the network's buoyant ratings could sink once Simon Cowell, the caustic talent judge and star of American Idol, leaves the successful singing competition this month after nine seasons. The Fox programming chief wants to remake a network that has relied on Idol, hour-long dramas, and cartoon comedies to lead in the crucial 18-to-49-year-old viewer category for almost six years. In addition to Cowell's exit from Idol, TV's most watched show, Fox is losing Kiefer Sutherland and his popular thriller, 24. The network needs fresh fare, especially because 18-to-49 ratings for both Idol and a medical drama, House, are slumping. Reilly, 47, insists he welcomes the challenge. "It's a high-class problem to have," he says. "The shows are still very