BlackBerry posts huge loss; shares rise on handset deal

By way of Euan Rocha, Alastair Sharp and Allison Martell TORONTO (Reuters) – BlackBerry Ltd, after giving up on a plan to sell itself remaining month, suggested a tremendous $four.four billion quarterly loss on Friday as gross sales of its smartphones shriveled and it booked an enormous inventory write-down. In spite of this, its shares surged sixteen percent to $7.26 in morning trading as buyers welcomed a move by way of the Canadian firm that would ease the risk of more writedowns for unsold telephones. …