The Ticker

BlackBerry shares dive after surprise loss

Shares of BlackBerry plunged yesterday after the company posted an unexpected quarterly loss and didn't break out the specifics of its smartphone sales.

The Canadian company reported a loss of $84 million, or 16 cents a share, on revenue of $3.1 billion. Adjusted for one-time events, BlackBerry lost $67 million, or 13 cents share.

Shaw's drops loyalty card program

Shaw's and Star Market ended their Rewards Card program yesterday that gave customers exclusive savings on weekly items. In a shift in marketing strategy, the grocer plans to instead lower prices on thousands of items across all of its 169 locations.

Honda tells Fit owners to park outside

Honda is urging the owners of more than 686,000 Fit and Jazz subcompacts worldwide to park them outside because the power window switches can catch fire.

The company said yesterday that it is recalling Fit and Jazz cars from the 2007 and 2008 model years. It's telling owners not to park them in garages until driver's side door switches can be inspected.

News Corp splits into two cos.

News Corp. formally split into two companies yesterday. One company will operate as a newspaper and book publisher and will retain the News Corp. name. The other will be an entertainment company, called Twenty-First Century Fox Inc.

Newspapers, book publishing and information services such as Dow Jones Newswires will be part of the publishing company. The 20th Century Fox movie studio, the Fox broadcast TV network and the Fox News Channel will be part of the media and entertainment company.

Puerto Rico facing economic crisis

Puerto Rico legislators yesterday rushed to try to approve a budget amid debate on how best to revive the U.S. territory's economy, which the New York Federal Reserve president warns has not yet bottomed out.

The proposed $9.8 billion operating budget proposes a flurry of new taxes while seeking to boost the island's education system and rescue a crumbling public pension system.

THE SHUFFLE

• TD Bank has promoted Gregg P. Desmarais, left, to manager in Springfield. He is responsible for new business development, consumer and business lending, managing personnel and overseeing the day-to-day operations at the bank serving customers in Western Massachusetts.
• Attunity Ltd., a provider of information availability software solutions, announced that Lawrence Schwartz has been appointed as the company's vice president of marketing. In this role, effective immediately, Schwartz is responsible for all aspects of marketing and sales enablement.

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