Euan's Feed
Jul 30, 2013

Telus challenges Ottawa’s wireless policy in court

TORONTO, July 30 (Reuters) – The battle between Canada’s
three large wireless carriers and the Canadian government
escalated on Monday with one of the incumbents, Telus Corp
, taking the government to court over a recent decision
over the transfer of spectrum licenses.

Telus said in filings with the Federal Court in Ottawa that
it is seeking clarity on the legality of the government’s
decision last month, which potentially changes the rules around
transferring bandwidth rights between carriers.

Jul 25, 2013

Analysis: As Canada’s junior miners flounder, long-term damage looms

TORONTO (Reuters) – Hundreds of small mineral exploration companies may have their stock delisted by Canada’s TSX Venture Exchange in the coming months, choking off a development pipeline that has long supplied major miners with new projects.

As commodity prices boomed in the last decade, a flood of new issuers swelled the ranks of the Venture, TMX Group Inc’s exchange for small-capitalization companies, burnishing Canada’s reputation as the center of global mining finance.

Jul 25, 2013

As Canada’s junior miners flounder, long-term damage looms

TORONTO (Reuters) – Hundreds of small mineral exploration companies may have their stock delisted by Canada’s TSX Venture Exchange in the coming months, choking off a development pipeline that has long supplied major miners with new projects.

As commodity prices boomed in the last decade, a flood of new issuers swelled the ranks of the Venture, TMX Group Inc’s (X.TO: Quote, Profile, Research) exchange for small-capitalization companies, burnishing Canada’s reputation as the centre of global mining finance.

Jul 22, 2013

Intact Financial expects train crash, floods to hurt results

TORONTO, July 22 (Reuters) – Property and casualty insurer
Intact Financial said it expected quarterly results
would be hurt by losses from a train derailment and fiery
explosion in a Quebec town and storm and flood damage in
Canada’s oil capital, Calgary, and Toronto, the country’s
largest city.

The Toronto-based insurer also hinted on Monday that it may
seek to raise premiums, or alter coverage offered to its clients
following damage caused by the flooding and torrential rain in
June and early July.

Jul 19, 2013

Samsung close to mobile-device deal with FBI: sources

By Euan Rocha and Sinead Carew

(Reuters) – Samsung Electronics Co Ltd is close to signing a deal to sell its popular line of Galaxy devices to the U.S. Federal Bureau of Investigation, sources familiar with the situation said on Friday.

The deal would be a boost for Samsung, which is increasingly seeking to cater to the needs of government agencies, a niche long dominated by Canadian smartphone maker BlackBerry Ltd.

Jul 10, 2013

Mobilicity confirms takeover talks, adjourns debtholder vote

TORONTO, July 10 (Reuters) – Canadian wireless startup
Mobilicity confirmed on Wednesday that it is in discussions with
multiple parties in connection with a potential acquisition.

The struggling company, legally known as Data & Audio-Visual
Enterprises Holdings Inc, is in talks with U.S.
telecommunications behemoth Verizon Communications Inc,
among others, a source told Reuters last month.

Jul 9, 2013

CEO says BlackBerry open to licensing deals, other options

WATERLOO, Ontario July 9 (Reuters) – BlackBerry Ltd
signaled on Tuesday that a licensing deal, or even an outright
sale of the company, was still a possibility, pleasing
shareholders still reeling from the disappointing debut for its
new line of smartphones.

Chief Executive Thorsten Heins, responding to a question
about whether he was looking into strategic alternatives, said
he is open to all options that create value for shareholders. He
emphasized that the company has so far focused on creating value
through the launch of its new devices powered by an all-new
BlackBerry 10 operating system.

Jul 9, 2013

CEO says BlackBerry on right path, open to all options

WATERLOO, Ontario (Reuters) – BlackBerry Ltd is on the right path for a turnaround despite the disappointing debut of its make-or-break line of smartphones, its CEO insisted on Tuesday, allowing that the company remains open to any options that would create value for its investors.

“BlackBerry will pursue every opportunity to create value for shareholders,” Chief Executive Thorsten Heins told investors at the company’s subdued annual meeting.

Jul 9, 2013

Alcoa sees aluminum demand growth; markets tightening

TORONTO (Reuters) – Alcoa Inc (AA.N: Quote, Profile, Research, Stock Buzz), the largest U.S. aluminum producer, still sees global demand for aluminum products growing 7 percent this year, signaling a potential price rise for the metal as bulging Chinese aluminum inventories begin to dwindle.

The solid demand, driven by the aerospace and commercial transportation sectors, should combine with industry-wide production cuts already in place to reduce a supply glut that has driven down aluminum prices by 13 percent this year.

Jul 5, 2013

Preview: BlackBerry investors to turn up the heat on management

TORONTO/NEW YORK (Reuters) – BlackBerry (BBRY.O: Quote, Profile, Research) will likely face tough questions about its future at its annual meeting on Tuesday after dismal quarterly results last week triggered a 28 percent plunge in the Canadian smartphone maker’s share price.

Sales of BlackBerry’s make-or-break new line of smartphones in the quarter ended June 1 came in well below analysts’ expectations and offered little evidence that the company can quickly win back market share from Apple Inc’s (AAPL.O: Quote, Profile, Research) iPhone, Samsung’s (005930.KS: Quote, Profile, Research) Galaxy devices, and other phones powered by Google Inc’s (GOOG.O: Quote, Profile, Research) Android operating system.

    • 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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