Minutes. They are raising another 1 billion in capital which we dont want to get lost in the shuffle. 28. 7 conversion premium. A 6 cue ton. Thats pretty rich stuff for a company that many say, jim, didnt necessarily need to raise money or had plenty of cash, that cash being part of it. Any potential appeal that it might have had. As for the process itself, we all know it was a difficult one. I had pointed out many a times, the letter of intent that was signed by fairfax back in late september didnt obligate them to anything and financing a potential deal from them was going to be extraordinarily difficult as we reported right here at squawk on the street at 9 a share. They step up for 250 million of this convertible the company is issuing today. They are becoming the lead director, correct . Correct. Major turnover here. This seems to be one that every month is doing worse. So i know you said they dont need the capital but, to me, i look at it. They said they dont need the capital. Wh
Billion. Tripoint is backed for gary sternlicht. Andrew, good morning. Theres some synergy there, as they say in the merger business. Also, we have some corporate buzz. The New York Times reporting that u. S. Authorities have expanded the probe into jpmorgans hiring practices outside of china across the asian pacific. Theyre focusing on south korea, singapore and india. The d. O. J. Was exploring other areas. We talked a little bit about this. Jpmorgan is the one that actually went to the d. O. J. And started talking about these other hiring practices and now theyve expanded their probe. There they are. Good news, in the i. P. O. Space, october was the busiest month for u. S. Offerings since 2007. 33 companies raised more than 12 billion companies. Finally, a new cnbc Associated Press poll is finding that the social Network Faces skepticism from potential investors and broader publica head of its initial public offering. Kayla is going to join us with more of those details in a minute.
Heats up. Now, the company has a new plan to win back all the breakfast dealers. And guilty plea, sac, one of the most profitable company, admits to wrongdoing and is set to pay a record fine. All that and more tonight on nightly Business Report today on monday, november 4th. Good evening, im tyler mathisen, it was not all that long ago that blackberry was the envy of the tech world, everybody wanted one of the ohsocool smartphones. But that was before apples iphones and smartphones and android, offering faster access to the internet. Shares saw modest gains and big names did consider buying the company. But now everything has changed. The company is not for sale anymore. Its ceo is on the way out and its biggest shareholder wants to pump a billion more cash into it. Shares fell no more than 16 today to a tenyear low. So can blackberry be saved. Josh lipton has the story. It is a dramatic fall from grace for a company that basically created the smartphone craze. Everyone had them at wo
The most profitable company, admits to wrongdoing and is set to pay a record fine. All that and more tonight on nightly Business Report tod on monday, november 4th. Good evening, im tyler mathisen, it was not all that long ago that blackberry was the envy of the tech world, everybody wanted one of the ohsocool smartphones. But that was before apples iphones and smartphones and android, offering faster access to the internet. Shares saw modest gains and big names did consider buying the company. But now everything has changed. The company is not for sale anymore. Its ceo is on the way out and its biggest shareholder wants to pump a billion more cash into it. Shares fell no more than 16 today to a tenyear low. So can blackberry be saved. Josh lipton has the story. It is a dramatic fall from grace for a company that basically created the smartphone craze. Everyone had them at work. But now blackberry is a shadow of its former self, with a market cap at just 4 billion, a 95 drop in just fi
The most profitable company, admits to wrongdoing and is set to pay a record fine. All that and more tonight on nightly Business Report today on monday, november 4th. Good evening, im tyler mathisen, it was not all that long ago that blackberry was the envy of the tech world, everybody wanted one of the ohsocool smartphones. But that was before apples iphones and smartphones and android, offering faster access to the internet. Shares saw modest gains and big names did consider buying the company. But now everything has changed. The company is not for sale anymore. Its ceo is on the way out and its biggest shareholder wants to pump a billion more cash into it. Shares fell no more than 16 today to a tenyear low. So can blackberry be saved. Josh lipton has the story. It is a dramatic fall from grace for a company that basically created the smartphone craze. Everyone had them at work. But now blackberry is a shadow of its former self, with a market cap at just 4 billion, a 95 drop in just