RIM: BlackBerry security not compromised in India
TORONTO (Reuters) – Research in Motion(RIM.TO: Quote, Profile, Research) refuted on Wednesday a new round of Indian media reports, which claim that the BlackBerry maker has granted the government the encryption keys to its secure corporate email and messaging services.
India is one of the Canadian smartphone maker’s few growing markets, where it is expanding aggressively. The company is facing falling sales elsewhere as customers abandon the BlackBerry in favour of Apple’s iPhone and a slew of devices using Google Inc’s (GOOG.O: Quote, Profile, Research) Android software, leading to RIM’s shares falling by more than 50 percent over the past one year.
RIM says has not compromised BlackBerry security in India
TORONTO (Reuters) – Research in Motion refuted on Wednesday a new round of Indian media reports, which claim that the BlackBerry maker has granted the Indian government the encryption keys to its secure corporate email and messaging services.
India is one of the Canadian smartphone maker’s few growing markets, where it is expanding aggressively. The company is facing falling sales elsewhere as customers abandon the BlackBerry in favor of Apple’s iPhone and a slew of devices using Google Inc’s Android software, leading to RIM’s shares falling by more than 50 percent over the past one year.
Maple bid for TMX wins shareholder approval
TORONTO, July 31 (Reuters) – The takeover of Canadian stock
market operator TMX Group by a group of financial
institutions has been approved by TMX’s shareholders, bringing
all of Canada’s main securities exchanges under a single
umbrella.
The approval of the C$3.8 billion ($3.8 billion) bid creates
a new entity that combines the Toronto Stock Exchange with its
main rival, Alpha. It also folds in the Canadian Depository for
Securities, which clears and settles all stock trades in Canada.
Lowe’s offers to buy Canada’s Rona for C$1.8 bln
July 31 (Reuters) – Lowe’s Cos Inc, the world’s No.
2 home improvement chain, has offered to buy Rona Inc
for C$1.8 billion ($1.8 billion), but the struggling Canadian
retailer rejected the bid, saying it is not in best interests of
its shareholders.
Rona, Canada’s home-grown answer to Lowe’s and Home Depot
Inc, said on Tuesday it had received the C$14.50 a share
proposal from Lowe’s on Sunday, July 8, making it a 36.7 percent
premium to the stock’s closing price on Friday, July 6.
Analysis: Phantom fears surround China’s Nexen deal
CALGARY/TORONTO, Alberta (Reuters) – At first blush, CNOOC Ltd’s (0883.HK: Quote, Profile, Research, Stock Buzz) $15.1 billion bid for Nexen Inc (NXY.TO: Quote, Profile, Research, Stock Buzz) seemed like a sign that China is ready to go on a buying spree in Canada’s oil patch.
But on a closer look that seems far from certain. If Beijing thinks Nexen will open the door to a rash of big North American energy acquisitions by its state-controlled enterprises, it may want to think again.
Potash Corp profit falls; outlook trimmed
TORONTO, July 26 (Reuters) – Potash Corp, the
world’s largest fertilizer maker, o n Thursday r eported a 38
percent drop in it s se cond-quarter profit a nd forecast weaker
than expected earnings for the latter half of 2012, sending its
shares down 1.8 percent before the bell.
The Saskatoon, Saskatchewan-based company said it trimmed
its full-year earnings forecast largely to reflect the impact of
an impairment charge that hurt its second-quarter results.
Teck profit tumbles on weaker coal, metal prices
TORONTO, July 25 (Reuters) – Teck Resources Inc
sees no near-term reprieve from the lower coal and metal prices
that dragged its quarterly profit lower, news that sent its
shares tumbling on Wednesday.
Vancouver-based Teck, Canada’s largest diversified miner,
said economic uncertainties in Europe and the United States and
ebbing growth in China, India and other emerging markets held
back demand and prices for many of its products in the quarter.
Canadian pension fund Teachers’ to buy UK’s Goals Soccer
TORONTO (Reuters) – Goals Soccer Centres Plc (GOAL.L: Quote, Profile, Research, Stock Buzz), which runs 5-a-side football centres across the United Kingdom, agreed to accept a 73.1 million pound ($115 million) buyout offer from one of Canada’s largest pension funds on Friday.
The Ontario Teachers’ Pension Plan — better known simply as Teachers’ — said on Friday that Goals’ board of directors has agreed to unanimously recommended its all cash offer to the company’s shareholders.
BC Partners, CPPIB to buy U.S. cable operator Suddenlink
TORONTO, July 19 (Reuters) – Private equity firm BC Partners
and one of Canada’s top pension funds are joining forces with
the management of Suddenlink Communications to buy out the U.S.
cable operator in a cash and debt deal worth roughly $2.5
billion.
BC Partners and the Canadian Pension Plan
Investment Board said late on Wednesday they are teaming up with
U.S. cable industry veteran Jerry Kent to buy Suddenlink from
Goldman Sachs Capital Partners, Quadrangle and Oaktree Capital
Management.
BC Partners, Canadian pension fund to buy U.S. cable operator Suddenlink
TORONTO, July 19 (Reuters) – Private equity firm BC Partners
and one of Canada’s top pension funds are joining forces with
the management of Suddenlink Communications to buy out the U.S.
cable operator in a cash and debt deal worth roughly $2.5
billion.
BC Partners and the Canadian Pension Plan
Investment Board said late on Wednesday they are teaming up with
U.S. cable industry veteran Jerry Kent to buy Suddenlink from
Goldman Sachs Capital Partners, Quadrangle and Oaktree Capital
Management.

