Loeb's Third Point hedge fund targeting Nestle for strategic changes- Bloomberg
June 25 Nestle SA, is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter.
(Corrects paragraph 3 to show year-earlier loss of $125 million rather than profit of $9 million)
TORONTO, March 28 BlackBerry announced better than expected results on Thursday, driven by demand for its new touchscreen device which holds the key to a successful turnaround for the smartphone maker.
BlackBerry, based in Waterloo, Ontario-based, said it sold about 1 million of the new Z10 device in the quarter, and shipped roughly 6 million smartphones in the quarter ended March 2.
Net income in the quarter was $98 million, or 19 cents a share, compared with a year-earlier loss of $125 million, or 24 cents a share. (Reporting by Euan Rocha; Editing by Janet Guttsman)
* Carmila launches a c. Euro 557 million capital increase in order to pursue its development plan