Facing a business death spiral, BlackBerry has made a tentative deal to sell the company to a major shareholder for $4.7 billion. Under the proposed transaction, a group led by Fairfax Financial Holdings would take BlackBerry private. The announcement comes only three days after BlackBerry announced disastrous financial results.
The U.S. Defense Department has awarded a rich military contract to Lockheed Martin, agreeing to pay more than $3.9 billion for a missile defense system. The deal calls for a maximum of 110 high-altitude interceptor missiles, some of which would go to the United Arab Emirates.
Stephanie Rubin and Ingrid Calvo are two New York-based moms who think American school lunches leave a lot to be desired. So they started a delivery business in Manhattan called Inboxyourmeal com. For $10, they'll deliver healthy, chef-prepared meals to students in their delivery area.
The farm bill which Congress is bitterly divided over is set to expire at the end of this month. Included in it is the $5 billion a year subsidy called Direct and Counter-cyclical Payment Program. It shells out money to farmers and land owners regardless of need or loss.