Shares of BlackBerry (NASDAQ:BBRY) retreated another 2% Wednesday morning after Citigroup (NYSE:C) issued a "sell" rating on the struggling smartphone maker due to a lack of options for a turnaround.The bearish analyst research underscores the extremely difficult position BlackBerry finds itself in due to bleeding cash, a depleted market position and a continued brain drain."We see no clear-cut strategy, simple or otherwise, to help BBRY out of the strategic box it finds itself in," Citi analyst Ehud Gelblum wrote in a note issued Tuesday afternoon. Gelblum assumed coverage with a "sell" rating on the Canadian smartphone maker and set a $4 price target, which represents a 33% plunge from the company's Tuesday close at $5.97.Citi said even simply shutting BlackBerry down would come close to wiping out the company's cash balance, which the current valuation is based on. Separation and shut-down costs could approach $1 billion and purchase commitments would add another $2.9 billion for Bl...
Legislation proposed to ban federal health care subsidies for congressmen and their staff
Shortly after signing on as chief operating officer at Facebook, Sheryl Sandberg was looking to connect with people in a similar role - No. 2 to a brilliant and pass...
GOP senator reacts to health care fix for bureaucrats
Former Reagan adviser Pat Buchanan on hard times for the AFL-CIO, its search for a new strategy and how they could all be tied to Obama's Affordable Care Act
Insurance exchanges set to open for business in two months
As Zynga (NASDAQ:ZNGA) lets hundreds of employees go as part of a broader streamlining, mobile game developer SGN is waiting on the sidelines, strategically siphonin...
Peter Johnson, Jr. weighs in
Dan Henninger of The Wall Street Journal on the falling support on Capitol Hill for Obama's health-care law.
Mashable senior tech analyst Christina Warren says that bringing back Best Buy’s visionary Richard Schulze is a good move for the company, but not a sure bet.
Executive excess need not be etched in stone. Just look at the Nordic region, where an egalitarian tradition and a high quality of life leave top managers content wi...
FBN's Charlie Gasparino on NASDAQ's executive shakeup.
FBN’s Nicole Petallides breaks down the day in the markets.
Republican senator on 'Fox & Friends'
Problems with health care exchanges, Democrats chances in 2016, and how has the media reacted to the debt ceiling fight
New House budget bill adds proposal to get rid of subsidies for lawmakers under ObamaCare
By rolling out television, print and billboard marketing campaigns on Monday, Zurich Insurance is aiming to advertise business as usual after a suicide and resignati...
On August 14, Zurich Insurance chairman Josef Ackermann received financial chief Pierre Wauthier and head of investor relations James Quin at his office overlooking ...