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Dec 5, 2013

Barrick shakes up board, new chairman muses on hedging

By Allison Martell and Euan Rocha

(Reuters) – Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz), under fire for missteps in a tough market, started to address investor demands for a more independent board on Wednesday, by replacing two directors close to its departing founder with a pair of mining industry experts.

Incoming chairman John Thornton said he may look at hedging Barrick’s exposure to the price of gold and made it clear that over the long term, the world’s biggest gold producer, could diversify further into other metals.

Dec 4, 2013

Future Barrick chairman says would consider hedging

TORONTO (Reuters) – The incoming chairman of Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz) said on Wednesday he would consider a hedging strategy, given volatility in the price of gold, but this did not mean Barrick was poised to change tack on the issue.

Thornton, the former second-in-command at Goldman Sachs Inc (GS.N: Quote, Profile, Research, Stock Buzz), was named co-chairman of Barrick in June 2012. He will take over as Barrick’s sole chairman when founder Peter Munk steps down from the board in the spring.

Dec 3, 2013

BlackBerry says making headway with corporate, government clients

TORONTO (Reuters) – The number of large business and government clients that have installed or are testing BlackBerry Ltd’s mobile device management service has risen roughly 20 percent over the past six months, the embattled smartphone maker said on Tuesday.

BlackBerry, which recently halted plans to sell itself and shook up its management team, said large customers such as Morgan Stanley and Boeing Co are currently running and testing its BlackBerry Enterprise Service 10 (BES).

Dec 3, 2013

BlackBerry says making headway with corporate, gov’t clients

TORONTO, Dec 3 (Reuters) – The number of large business and
government clients that have installed or are testing BlackBerry
Ltd’s mobile device management service has risen roughly
20 percent over the past six months, the embattled smartphone
maker said on Tuesday.

BlackBerry, which recently halted plans to sell itself and
shook up its management team, said large customers such as
Morgan Stanley and Boeing Co are currently running
and testing its BlackBerry Enterprise Service 10 (BES).

Dec 2, 2013

Barrick set to unveil board changes, name new COO -sources

TORONTO, Dec 2 (Reuters) – Barrick Gold Corp, the
world’s largest gold producer, is poised to announce a board
shuffle and name a new chief operating officer, according to
several sources familiar with the situation.

Barrick is expected to announce that founder and long-time
Chairman Peter Munk will hand over the role of chairman to his
heir apparent, John Thornton, currently co-chairman, as widely
expected.

Nov 28, 2013

Teletubbies’ DHX buys kids TV channels from BCE, shares surge

TORONTO, Nov 28 (Reuters) – Teletubbies owner DHX Media
said on Thursday it will acquire Family Channel and
three other children’s channels from BCE’s Bell Media
for C$170 million in cash, adding content distribution to its
current capabilities.

The deal, cheered by analysts and investors, sent DHX shares
surging 38 percent to a lifetime-high of C$5.74 in morning
trading on the Toronto Stock Exchange.

Nov 28, 2013

Canada’s CPPIB targets India office market with $200 mln JV deal

TORONTO/MUMBAI, Nov 28 (Reuters) – Canada Pension Plan
Investment Board (CPPIB) will invest $200 million to get an 80
percent stake in a real estate joint venture with India’s
Shapoorji Pallonji Group, its first foray into the property
market in Asia’s third-largest economy.

The joint venture will invest in leased income-producing
office buildings, according to a statement issued by the two
parties on Thursday.

Nov 27, 2013

First Quantum disputes allegations of debt default

TORONTO, Nov 27 (Reuters) – First Quantum Minerals Ltd
said on Wednesday it strongly disputes the claims of
some debtholders that it has violated indentures and defaulted
on a parcel of debt taken on following its acquisition of rival
Inmet Mining.

The Canadian base metal miner said it has received a notice
from a small group of its noteholders including CI Investments
, Barometer Capital and funds managed by
Capital Group that it has violated certain indentures on two
separate series of Inmet’s senior notes that come due in 2020
and 2021.

Nov 25, 2013

BlackBerry replaces CFO, others exit, in executive shakeup

TORONTO (Reuters) – BlackBerry Ltd said on Monday that three top executives, including its chief financial officer, are stepping down as recently appointed Chief Executive John Chen embarks on his promised shakeup at the struggling smartphone maker.

Chen, brought in as interim CEO earlier this month after the company dropped a plan to sell itself, said BlackBerry is setting its marketing sights on corporations, governments and the big clients that were at the root of its early success.

Nov 25, 2013

BlackBerry replacing CFO; two other top execs leaving

TORONTO (Reuters) – BlackBerry Ltd said on Monday that three top executives, including its chief financial officer, are stepping down as part of a widely expected shake-up after it named an interim chief executive and shelved plans to sell itself.

James Yersh is replacing Brian Bidulka as CFO, although Bidulka will stay on as an adviser through the end of the fiscal year.

    • 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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