Fri, Jun 28, 2013 9:30 AM EDT 0:42
BlackBerry may have shown a bit of progress in sales of its new smartphones, but its loss left many surprised and disappointed. The company posted a loss of $84 million, or 16 cents a share in the fiscal first quarter. The price of oil rose as the U.S. economic outlook brightened and concerns eased about a credit crunch in China. Britain has kicked off the process of appointing advisors for the sale of its shares in Lloyds Banking Group and Royal Bank of Scotland , asking investment banks to submit proposals by July 8th.