Euan's Feed
Aug 22, 2014

RBC raises dividend as profit edges higher

TORONTO, Aug 22 (Reuters) – Royal Bank of Canada on
Friday reported a bigger-than-expected increase in quarterly
earnings, driven by strong results from its wealth management
and capital markets divisions.

Canada’s largest bank, as widely expected, also boosted its
quarterly dividend by about 6 percent to 75 Canadian cents a
share.

Aug 14, 2014

Canada’s Desire2Learn raises $85 mln for global e-learning push

TORONTO, Aug 14 (Reuters) – Canada’s D2L Inc said on
Thursday it raised $85 million in venture capital funds, the
country’s biggest such deal this year, as the fast-growing owner
of educational software maker Desire2Learn looks to ramp up its
overseas expansion.

Already an established player in Internet-based learning in
North America, privately held Desire2Learn plans to spur its
global expansion efforts with the cash injection, one of the
five largest venture capital fund raises in Canada in the last
10 years, according to Thomson Reuters data.

Aug 11, 2014

Huge cleanup bill for Imperial Metals may force partial asset sale

TORONTO, Aug 11 (Reuters) – Canada’s Imperial Metals Corp
faces huge cleanup costs after a major spill at its
Mount Polley mine that may force the miner to sell part of a
prized new asset unless its biggest shareholder steps in to
help, bankers and industry executives said.

Imperial is on the hook for cleanup costs related to the
spill, which sent billions of gallons of sludge containing
metals and minerals coursing into waterways last week.

Aug 6, 2014

BlackBerry’s new service wins key clearance from U.S. Defense agency

TORONTO (Reuters) – BlackBerry Ltd said on Wednesday its Android and iOS device-management service has won a key security clearance from the U.S. Defense Information Systems Agency (DISA).

The company said the DISA clearance will allow its customers in various U.S. Department of Defense agencies to begin to use its BlackBerry Enterprise Service (BES) 10 system to manage and secure devices powered by Google Inc’s Android operating system and Apple Inc’s iOS software.

Aug 5, 2014

BlackBerry closes chapter on restructuring process -internal memo

TORONTO, Aug 5 (Reuters) – BlackBerry Ltd has
concluded a protracted and painful restructuring process and is
back on a growth footing, according to an internal memo to all
its employees viewed by Reuters.

“We have completed the restructuring notification process,
and the workforce reduction that began three years ago is now
behind us,” said the memo from BlackBerry’s Chief Executive John
Chen that was sent out on Friday.

Aug 1, 2014

Analysis – Canada’s telcos burst into banking, healthcare in hunt for growth

TORONTO August 1 (Reuters) – Canada’s three biggest telecom firms, keen to keep shareholders happy with fat dividends, are breaking into businesses ranging from banking to healthcare to drive growth as they run out of expansion options and shy away from overseas purchases.

BCE Inc (BCE.TO: Quote, Profile, Research), Rogers Communications Inc (RCIb.TO: Quote, Profile, Research) and Telus Corp (T.TO: Quote, Profile, Research) dominate their industry in Canada but with landline connections on the wane, cable TV losing out to online portals and wireless growth slowing, Canada’s telecom giants are pushing into uncharted businesses.

Aug 1, 2014

Canada’s telcos burst into banking, healthcare in hunt for growth

TORONTO August 1 (Reuters) – Canada’s three biggest telecom firms, keen to keep shareholders happy with fat dividends, are breaking into businesses ranging from banking to healthcare to drive growth as they run out of expansion options and shy away from overseas purchases.

BCE Inc (BCE.TO: Quote, Profile, Research, Stock Buzz), Rogers Communications Inc (RCIb.TO: Quote, Profile, Research, Stock Buzz) and Telus Corp (T.TO: Quote, Profile, Research, Stock Buzz) dominate their industry in Canada but with landline connections on the wane, cable TV losing out to online portals and wireless growth slowing, Canada’s telecom giants are pushing into uncharted businesses.

Jul 29, 2014

BlackBerry buffs up security credentials with Secusmart deal

NEW YORK (Reuters) – BlackBerry Ltd (BBRY.O: Quote, Profile, Research, Stock Buzz) (BB.TO: Quote, Profile, Research, Stock Buzz) is buying a privately held German firm that specializes in voice and data encryption, it said on Tuesday, in a bid to burnish its credentials with highly security-conscious clients like government ‎agencies.

The Waterloo, Ontario-based smartphone maker did not disclose the terms of its deal to acquire Secusmart GmbH, which specializes in encryption and anti-eavesdropping services for governments, companies and telecommunications service providers.

Jul 25, 2014

Dell, BlackBerry downplay threat from Apple-IBM alliance

TORONTO, July 25 (Reuters) – IBM Corp’s recent move
to partner with Apple Inc to sell iPhones and iPads
loaded with corporate applications has excited investors in both
companies, but two rivals say they are unperturbed for now.

Top executives at Dell and BlackBerry Ltd scoffed at
the threat posed by the alliance this week, arguing the tie-up
is unlikely to derail the efforts of their own companies to
re-invent themselves.

Jul 24, 2014

Talisman, boosted by Repsol talk, may be worth more in pieces

CALGARY/TORONTO, July 24 (Reuters) – Canadian oil and gas
producer Talisman Energy, approached by Spain’s Repsol
for talks over a potential deal, may find that its
appeal lies more in its individual assets than as a candidate
for a complete takeover.

Talisman, which has a market capitalization of nearly $11
billion ($10.2 billion), has long been considered a takeover
target as its stock slumped on weak natural gas prices.

    • About Euan

      "Euan Rocha covers mining and minerals in Canada, where he focuses on gold, base metals and fertilizer companies. Euan, who is currently based in Toronto, has previously worked with Reuters in the United States and India. While based in New York for four years, Euan headed the Reuters Alerts team, before moving on to cover the U.S. chemical industry. Euan began his career with Reuters in Bangalore, India in 2004."
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