Technology Report: BlackBerry warns of big loss, to cut 4,500 jobs; shares dive

	Click to View in Browser 09/20/2013 BlackBerry warns of big loss, to cut 4,500 jobs; shares dive TORONTO (Reuters) - BlackBerry Ltd warned on Friday it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its workforce, rekindling fears of the company's demise and sending its shares into a tailspin. Shares of Apple, chip suppliers rise as iPhones hit stores (Reuters) - Shares in Apple Inc and key chip suppliers for its new iPhones rose on Friday, as the first day of sales at Apple stores drew long queues and an analyst said the first weekend would likely top the initial sales figures of last year's model. Canada industry minister says concerned by BlackBerry job losses OTTAWA (Reuters) - Canadian Industry Minister James Moore voiced sympathy on Friday for workers at BlackBerry Ltd over its plans to cut 4,500 jobs, more than a third of its workforce. Scuffles erupt outside California Apple store as new iPhones released (Reuters) - Scuffles erupted outside a Southern California Apple Inc store on Friday as fans waited in long lines for the latest versions of the iPhone on their first day available in stores, authorities said. Grand Theft Auto V sales zoom past $1 billion mark in 3 days SAN FRANCISCO (Reuters) - Grand Theft Auto V has crossed the $1 billion sales mark after three days in stores, a rate faster than any other video game, film or other entertainment product has ever managed, its creator Take Two Interactive Inc said on Friday. Sprint promises savings from new early upgrade plan NEW YORK (Reuters) - Sprint Corp on Friday joined its three biggest rivals in offering an early upgrade option for smartphones and promised cheaper fees than its competitors charge, in the latest sign of intensifying competition in the U.S. wireless market. Ad tech provider Rocket Fuel shares nearly double in debut (Reuters) - Shares of advertisement technology company Rocket Fuel Inc nearly doubled in their debut as investors flocked to grab a piece of the company that has shown impressive revenue growth. Spain readies hefty jail terms over internet piracy MADRID (Reuters) - Spain can jail for up to six years the owners of websites that link to pirated content under a measure it approved on Friday as it tries to keep off a U.S. list of countries where copyright is violated most. Snowden disclosures prompt warning on widely used computer security formula SAN FRANCISCO (Reuters) - In the latest fallout from Edward Snowden's intelligence disclosures, a major U.S. computer security company warned thousands of customers on Thursday to stop using software that relies on a weak mathematical formula developed by the National Security Agency. Hackers offered cash, booze to crack iPhone fingerprint security BOSTON (Reuters) - Hackers are gearing up for Friday's iPhone 5S release with a contest to crack the device's first-ever fingerprint scanner, a high-tech feature that Apple Inc says makes users' data more secure. Related Video Autonomous quadcopter takes humans out of flying equation Scientists present moon rotation in full lunar glory Mediafile A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend