BlackBerry Wants a Buyer by November, GSK Cancer Drug Fails: Morning Buzzers
U.S. stock futures remained steady this morning after the market received some mixed data on the health of the labor market. A study on payrolls from the ADP Research Institute showed that payrolls grew in August by 176,000 workers, which was below analyst estimates that expected a 184,000 gain. A different report showed that fewer Americans filed for unemployment last week with jobless claims falling 9,000 in the week that ended August 31.
Futures at 8:30 a.m.: DJIA: +0.03% S&P 500: +0.11% NASDAQ: +0.18%
Here’s your cheat sheet to what’s buzzing this morning:
BlackBerry (NASDAQ:BBRY) could have a buyer as soon as November, according to people familiar with the matter who spoke to the Wall Street Journal. The sources said BlackBerry has been in talks with parties interested in buying the company as a whole or in pieces since the struggling smartphone maker announced it would explore some “strategic alternatives” in August. The board of the company wants the sale process to move quickly and is hoping to find a buyer by November.