Irregular Movers – BlackBerry Limited (NASDAQ:BBRY), Ericsson (NASDAQ:ERIC), Kraft Foods Group, Inc. (NASDAQ:KRFT)

June 24, 2015 8:45 am0 commentsViews: 24

BlackBerry Limited (NASDAQ:BBRY) and Cisco (CSCO) reported that they have signed into a long-term patent cross-licensing contract covering their respective products as well as technologies. As division of the cross-licensing contract, BlackBerry will get a license fee from Cisco. Specific terms of the deal are confidential.  Vice President of Intellectual Property and Licensing, BlackBerry, Mark Kokes stated that their contract with Cisco underscores the worth firms place on BlackBerry’s broad and foundational patent portfolio. By means of the contract in place, BlackBerry and Cisco can focus on innovation along with continued technical cooperation, allowing our companies more freedom to create leading products and services for customers without the potential for patent disputes. Shares of BlackBerry Limited (NASDAQ:BBRY) opened at $9.11 with 528.65 million outstanding shares and hit to its highest price of $9.21 during the day and finally closed at $8.81 by scoring -4.24%. In the whole session, it traded on volume of 44.63 Million shares, which turned higher than its average volume.

Swedish mobile network equipment maker, Ericsson (NASDAQ:ERIC) released on Tuesday that it has reached on a multi-year broadcast and media services deal with BT Sport to assist release three new television channels and an interactive red button service in the UK. Ericsson will be accountable for designing, building, and running BT Sport Europe, free-to-air service BT Sport Showcase, and BT Sport UHD. The company noted that BT Sport UHD will be the first ultra-high-definition channel to release in the UK and will feature live football and other premium content.  Ericsson will as well assist to deliver BT Sport’s new BT Sport Extra red button service, which will enable viewers to choose between eight UEFA games broadcast live simultaneously – including UEFA Champions League and UEFA Europa League games. On the other consideration, Ericsson (NASDAQ:ERIC) begun last trade with a price of $11.29 and throughout the trading session climbed at $11.31. The day-trade ended with an advance of 1.44% to close at $11.28.

Kraft Foods Group, Inc. (NASDAQ:KRFT) released that a regular quarterly dividend of $0.55 a share, payable on July 31 to shareholders of record on July 27, provided that the firm’s offered merger with H.J. Heinz Holding Corp. does not close on or before July 27. If the merger closes on or before July 27, in lieu of Kraft paying its dividend announced today, the combined firm – Kraft Heinz Co. aims to released and pay as soon as practicable after the closing of the merger and subject to the approval of its board of directors, a regular quarterly dividend of $0.55 per share of Kraft Heinz Co. to all shareholders of record of Kraft Heinz Co. as of a record date shortly after the date that the merger is completed. Kraft Foods Group, Inc. (NASDAQ:KRFT) stock hit highest price at $88.00, beginning with a price of $87.86 to close at 87.70 by an increase of 0.14% with a day range of $87.30-$88.

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