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U.S. Day Ahead: Investors to push Blackberry to mull options

Monday, July 08, 2013 - 02:00

July 8 - BlackBerry will likely face tough questions about its future at its annual meeting after quarterly results led to a 28 percent plunge in the stock.

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Here are three stories union no fourteen days. At number three top media executives including Disney's Bob Iger at Liberty Media John Malone and News -- Rupert Murdoch will mean at the Allen and co investment bank conference. The annual event has been known to be the platform for major media deals. The last big merger was the 200930. Billion dollar Comcast's purchase of NBC universal. But how -- much from the conference since then. Amid a maturing US TV market and rising programming costs analysts have predicted a wave of cable consolidation. Which could be the highlight topic at the conference. Next two pieces of economic data to gauge American shopping habits. The weekly retail chain store sales index is out last week's sales edged up zero point 6% from the week before. I see SC expects June sales will increase three to three and a half percent. Also out is redbook retail sales index the index has showed seasonally adjusted sales have been up from last year. It is never too hot to shop this summer weather and Independence Day deals drove customer traffic for hot weather apparel. You're top story Blackberry annual meeting. The company's board will likely get questions on the future of the troubled Smartphone maker which reported a loss last quarter sales of blackberries new line of Smartphone came in well below expectations. And didn't offer much hope the company can win back market share from apple and Samsung. CEO -- in Heinz says the company is on the right track but needs more time. UBS Jefferies Deutsche bank and Credit Suisse all cut their ratings for the tech company the stock is down 18% so far this year. And you can watch the meeting live on insider starting at 10 AM eastern. Follow us on Twitter at Reuters Insider and get more of our video that Reuters dot com slash -- TV I'm hurting Hamas and.

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U.S. Day Ahead: Investors to push Blackberry to mull options

Monday, July 08, 2013 - 02:00