TORONTO, Oct 23 (Reuters) – Canadian telecom and media
company Rogers Communications Inc posted a 28 percent
decline in third-quarter net income on Thursday, but reaffirmed
its profit targets for the year as it heralded the end of a
Rogers, the country’s largest provider of cellular service,
added just 17,000 net wireless subscribers on contracts, who
typically spend more per month and are less likely to switch
providers than those who pay for service upfront.
CALGARY/TORONTO (Reuters) – A gun attack targeting the heart of Canada’s government has shaken the country’s closely guarded image as a sanctuary from the kinds of mass violence that plague the United States.
Canadian cities and towns hiked security around government buildings, schools and mass transit systems on Wednesday after a gunman entered Ottawa’s parliament building, leading to gunfire near a room where Prime Minister Stephen Harper was holding a meeting. The gunman was shot and killed.
TORONTO (Reuters) – Billionaire investor William Ackman turned up the heat on Allergan Inc. on Thursday when he accused the Botox maker’s board of misleading investors to fend off a hostile takeover bid from Valeant Pharmaceuticals.
Ackman, whose hedge fund Pershing Square Capital Management is Allergan’s biggest shareholder, told reporters that his lawyers had seen documents that show Allergan’s board knowingly released misleading statements about Valeant.
TORONTO (Reuters) – Accounting firm Ernst & Young LLP [ERNY.UL] agreed on Tuesday to an C$8 million ($7.2 million) voluntary payment with Canada’s biggest securities regulator over its audits of Sino-Forest Corp [SCLC.UL] and another China-focused company.
Ernst & Young, which has already paid C$119 million to settle civil lawsuits in the two cases, did not admit to any wrongdoing in the no-contest settlement, which was approved by the Ontario Securities Commission (OSC).
TORONTO, Sept 29 (Reuters) – TMX Group Ltd named Lou
Eccleston as its new chief executive officer, the Toronto Stock
Exchange operator said on Monday, after a lengthy global search
to replace retiring CEO Tom Kloet.
Eccleston left McGraw Hill Financial in July. He
had most recently been president of the company’s S&P Capital IQ
unit, a real-time data provider, and chairman of index unit S&P
Dow Jones Indices.
TORONTO (Reuters) – Canada’s broadcast regulator said on Monday it will ignore evidence from Internet-based video providers Netflix Inc and Google Inc when making new rules for television after the companies refused to hand over some data.
In a terse exchange at a regulatory hearing earlier this month, the Canadian Radio-television and Telecommunications Commission (CRTC) demanded Netflix provide details about its Canadian operations or risk losing its exemption from rules that govern domestic broadcast distributors.