BlackBerry stock driven up by reported interest

BlackBerry stock is rising after a report in the Wall Street Journal that the U.S. private equity firm Cerberus Capital Management LP has expressed interest in the failing Waterloo, Ont.-based smartphone maker.
BlackBerry stock closed at $8.26 in Toronto and $7.98 on the Nasdaq.
BlackBerry's stock had been driven down earlier this week amid reports the Fairfax offer overvalued BlackBerry at $9 a share.
Soon after, it reported a second-quarter loss of $965 million and revenues of $1.6 billion, a decline of 45 per cent from the same period last year.
The company said service revenue dropped about 27 per cent to $724 million in the three months ended Aug. 31.