TORONTO (Reuters) – BlackBerry Ltd’s move to embrace Android may be aimed at lifting revenue from its software and device management segment, but analysts say it may inadvertently give its device arm a fillip and a new lease on life.
“From the standpoint of marketing, this is a great way for BlackBerry to get visibility. It really doesn’t hurt them much, and the upside is high,” said Rob Enderle, who runs technology consulting firm Enderle Group.
TORONTO (Reuters) – BlackBerry (BB.TO: Quote, Profile, Research, Stock Buzz) is considering equipping an upcoming smartphone with Google Inc.’s (GOOGL.O: Quote, Profile, Research, Stock Buzz) Android software for the first time, an acknowledgement that its revamped line of devices has failed to win mass appeal, according to four sources familiar with the matter.
The move would be an about-face for the Waterloo, Ontario-based company, which had shunned Android in a bet that its BlackBerry 10 line of phones would be able to claw back market share lost to Apple’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone and a slew of devices powered by Android.
TORONTO (Reuters) – Chip Wilson, who founded Lululemon Athletica Inc (LULU.O: Quote, Profile, Research, Stock Buzz) and left its board earlier this year after disagreements with fellow directors, is now looking to potentially sell his family’s estimated $1.3 billion stake in the yogawear maker.
A sale would give Wilson a huge war chest to throw into his family’s latest venture – Kit and Ace – a Canadian apparel start-up. The retailer is set to open stores in Australia, Britain and Japan this year.
TORONTO (Reuters) – The Canada Pension Plan Investment Board (CPPIB), already a major global investor, has signalled even greater ambitions with a $12 billion (7.8 billion pounds) transaction with GE Capital that insiders and advisors said may herald larger deals.
The C$264 billion ($213 billion/138 billion pounds) pension fund manager’s decision not to seek a partner for the purchase of GE’s private equity lending portfolio also highlights its growing confidence and suggests it may go it alone more often on future buys.
TORONTO, June 10 (Reuters) – The Canada Pension Plan
Investment Board (CPPIB), already a major global investor, has
signaled even greater ambitions with a $12 billion transaction
with GE Capital that insiders and advisors said may herald
The C$264 billion ($213 billion) pension fund manager’s
decision not to seek a partner for the purchase of GE’s private
equity lending portfolio also highlights its growing confidence
and suggests it may go it alone more often on future buys.
TORONTO (Reuters) – Canada Pension Plan Investment Board (CPPIB) said on Tuesday it has agreed to buy GE Capital’s private equity lending portfolio for $12 billion, in a deal that will greatly expand the largest Canadian pension fund’s lending business.
GE’s Chicago-based Antares unit is the leading lender to middle market private equity-backed transactions in the United States. Over the past five years, Antares has provided more than $120 billion in financing.
TORONTO, June 4 (Reuters) – Credit Suisse is
building a specialized team in Canada to take advantage of an
increase in interest from big energy and financial players in
oil and gas assets that have been put on the block by companies
weakened by lower oil prices.
Senior Credit Suisse executives said on Thursday the bank is
putting together an acquisition and divestiture (A&D) team that
will initially be comprised of two or three members, and that is
likely to be expanded in time.
TORONTO, May 29 (Reuters) – TMAC Resources, which is
currently developing the Hope Bay gold project in Canada’s far
north, has begun paperwork on an initial public offering and
plans to list on the Toronto Stock Exchange soon, a person
familiar with the matter said on Friday.
The offering would be the first pure IPO on the TSX in over
a year, as the pullback in metal prices has sharply dented
investor confidence in the mining industry and led to a major
slowdown in new mining listings on the resource-heavy TSX and
TSX Venture Exchange.
TORONTO (Reuters) – Bank of Nova Scotia, an official partner of the governing body of soccer in North and Central America and the Caribbean, said on Thursday it would review sponsorship ties following the indictment of several soccer officials on corruption charges.
The Toronto-based bank stressed that it does not plan to sever sponsorships imminently with the Confederation of North, Central American and Caribbean Association Football (CONCACAF) but was closely monitoring developments after charges were brought by prosecutors in the United States on Wednesday.
TORONTO, May 26 (Reuters) – Air Canada said on
Tuesday it plans to redeploy capital toward share buybacks, debt
repayment and increased investment in new aircraft, as its once
huge pension fund deficit has now been wiped out much earlier
Its pension fund deficit stood at C$4.2 billion in 2012, and
Air Canada struck a deal with the government in 2013 that gave
it more time to fix the funding gap.