Global Technology Report

Earnings give BlackBerry shares lift

Smartphone maker BlackBerry reported third-quarter earnings Friday.BlackBerry Ties Up With Foxconn

BlackBerry. Shares jumped in early trading after the company beat estimates on third quarter earnings and revenue. For the quarter, BlackBerry lost 3 cents a share, lower than forecast, while raking in revenue of $557 million. BlackBerry CEO Johh Chen says its latest device — the Priv — has been “well received” since launching last month.

Apple. Four years after Tim Cook took the CEO job at Apple, the company hired a chief operating officer. Company veteran Jeff Williams — who ran the tech giant’s supply chain since 2010 — was named COO. Phil Schiller, who runs Apple’s global marketing, will now take over the App Store.

Netflix. The streaming giant rolled out a new version of its app for Windows 10, available on PCs and tablets starting this week. A version for Windows smartphones will be available “in the near future,” says Microsoft.

Twitter. Baljeet Singh, who ran video at the social network, is leaving the company, reports Re/code. This follows the exit of four key product executives over the past several months, says the report.

Pandora. Shares dipped in morning trading after a favorable change in royalty rates sent their stock soaring. Although Pandora will pay more in royalties starting next year, CEO Brian McAndrews says the decision by the Copyright Royalty Board offers a “balanced rate.”

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