TORONTO, Oct 1 (Reuters) – Canada’s main stock index ended
higher on Tuesday as investors largely shrugged off a partial
shutdown of the U.S. government, buying into banks, insurers and
energy companies while many of the index’s biggest mining stocks
Some of the world’s biggest gold miners slumped in line with
a sharp fall in the price of bullion despite the deflationary
risk of the U.S. government reducing its activities and a
looming battle over raising Washington’s borrowing limits.
TORONTO, Sept 30 (Reuters) – Wireless telecom company
Mobilicity, one of the smallest players in the Canadian market,
said on Monday it has won creditor protection from an Ontario
court as it seeks regulatory approval for a transaction that
would allow it to keep operating.
Mobilicity said the transaction is currently being reviewed
by the federal government, but did not identify the possible
buyer. It said in July it was talking to several interested
Mobilicity says it has sought and received creditor protection, has a deal in works that is currently being reviewed by Industry Canada.
TORONTO, Sept 27 (Reuters) – BlackBerry Ltd
reported a quarterly loss of nearly $1 billion on Friday, in
line with a warning it gave last week, just days after the
smartphone maker accepted its largest shareholder’s tentative
$4.7 billion bid to take it private.
The report showed Blackberry turned in a particularly limp
performance in Latin America, a region it recently touted as a
enthusiastic supporter of its devices.
TORONTO (Reuters) – BlackBerry Ltd reported a nearly $1 billion quarterly loss on Friday, days after accepting its largest shareholder’s tentative $4.7 billion bid to take it out of the public eye.
BlackBerry, which had warned of the results on September 20, said its net loss for the second quarter ended on August 31 was $965 million, or $1.84 a share, while revenue fell 45 percent to $1.6 billion from a year earlier.
TORONTO (Reuters) – Months before Fairfax Financial Holdings Inc bid $4.7 billion for BlackBerry Ltd, Fairfax boss Prem Watsa played a role in securing a golden parachute worth as much as $55 million for the smartphone maker’s chief executive, according to company filings.
Watsa, Fairfax’s chief executive, joined BlackBerry’s board in January 2012 and was one of three directors charged in March with reviewing the compensation of the Canadian company’s chief executive, Thorsten Heins.
TORONTO (Reuters) – Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its $4.7 billion bid for smartphone maker BlackBerry Ltd.
“We wouldn’t put our name to such a high-profile deal if we didn’t feel confident that at the end of the day that our due diligence would be fine and we’d be able to finance it,” Watsa said in an interview.