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By Euan Rocha and Alastair Sharp TORONTO (Reuters) - BlackBerry Ltd posted better-than-expected quarterly earnings on Friday, offering signs its turnaround efforts may be beginning to gain traction, but a larger-than-expected drop in revenue worried investors. Waterloo, Ontario-based BlackBerry reported net profit of $28 million, or 5 cents a share, in the fourth quarter ended Feb. 28. Analysts, on average, expected a loss of 4 cents a share, according to Thomson Reuters I/B/E/S. Quarterly revenue, however, slid to $660 million from $793 million, and was well below Wall Street expectations of $786.4 million. "BlackBerry continues to do a good job controlling operating expenses and eliminating its cash burn during its business transition, but the total revenue was still a big miss and we still have concerns about the demand side of the equation," said Morningstar analyst Brian Colello. more...


(Reuters) - Amazon.com is in talks to buy online luxury retailer Net-a-porter in what could be the biggest acquisition yet for the e-commerce giant, but the negotiations are in early stages and could fall apart, Forbes reported, citing a person familiar with the matter. The potential deal, first reported by Women's Wear Daily, could value Net-a-Porter lower than the valuation of 2 billion euros ($2.16 billion) reported by the fashion industry trade journal, Forbes reported on Thursday, citing the person. Seattle-based Amazon has long eyed the high-end fashion retail sector and any deal for Net-a-Porter would mean a new commitment in an area where the company lacks a strong presence, Forbes said. Media reports in 2014 said Amazon was in talks to buy Indian fashion retailer Jabong.com for $1.2 billion. more...


By James Pearson SEOUL (Reuters) - A $50 portable media player is providing many North Koreans a window to the outside world despite the government's efforts to keep its people isolated - a symbol of change in one of the world's most repressed societies. By some estimates, up to half of all urban North Korean households have an easily concealed "notel", a small portable media player used to watch DVDs or content stored on USB sticks that can be easily smuggled into the country and passed hand to hand. People are exchanging South Korean soaps, pop music, Hollywood films and news programs, all of which are expressly prohibited by the Pyongyang regime, according to North Korean defectors, activists and recent visitors to the isolated country. "The North Korean government takes their national ideology extremely seriously, so the spread of all this media that competes with their propaganda is a big and growing problem for them," said Sokeel Park of Liberty in North Korea (LiNK), an organization that works with defectors. more...


RadioShack Corp's rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer's top creditor, a failed bidder who called the auction a sham and sought a new sale. RadioShack, which filed for bankruptcy last month, told a U.S. Bankruptcy judge it had selected the Standard General hedge fund as the winning bidder in the private four-day auction, which ended just before Thursday's hearing. While RadioShack's attorney told the court the deal saved 7,500 jobs and was $23 million more than a bid by liquidators, the deal provided little cash. An attorney for Salus Capital Partners, which is owed $150 million and is RadioShack's largest creditor, blasted the auction process and called for the auction to be reopened. more...


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