BlackBerry Limited (BBRY) stock is up 1.09% to $7.86 in early morning trading on Thursday as the Canadian smartphone maker makes its first foray into the Android smartphone market. Verizon Wireless (VZ) will start selling BlackBerry’s Priv smartphone online beginning today, and in stores on March 11. Currently the BlackBerry Priv is being sold in the U.S. by AT&T (T) and T-Mobile (TMUS).
Shares of Groupon, Inc. (GRPN) are lower by 1.72% to $4.58 in early trade following news of a lawsuit filed by IBM (IBM) against daily deals website operator alleging infringement of its patents. IBM claims Groupon infringed on four patents, two from the late 1990s, one from 2006 and another from 2009.
SunEdison, Inc. (SUNE) shares plunged 6.42% to $1.67 in early trading on a Wall Street Journal report saying the solar company’s proposed acquisition of Vivint Solar (VSLR) may not be completed because of its financial troubles. Those woes are said to be prompting Goldman Sachs (GS), Barclays (BCS), Citi (C) and UBS (UBS) to hesitate making loans that they had previously agreed to issue to help fund the acquisition.
Herbalife Ltd. (HLF) shares plunged 7.57% to $52.11 in morning trading after the nutrition company acknowledged in a SEC filing Thursday that it had overstated its 2015 growth in active new members. The admission could fuel more scrutiny of the company’s business model. Hedge fund investor Bill Ackman has accused Herbalife of running an illegal pyramid scheme.