TORONTO (Reuters) – BlackBerry LtdTO>, which gave up on a plan to sell itself last month, reported a massive quarterly loss on Friday, as sales of its smartphones shriveled and it booked asset impairment charges and inventory writedowns.
The company, which announced a five-year partnership with Foxconn Technology Co Ltd to develop and manufacture a handset for Indonesia and other emerging markets, conceded that its biggest challenge was still in its core handset business.
TORONTO (Reuters) – BlackBerry Ltd said on Tuesday that John Sims will join the company as head of its global enterprise services business, a key segment that is likely to be at the core of the smartphone maker’s turnaround plan.
Waterloo, Ontario-based BlackBerry said Sims will join the company in January from software giant SAP AG, where he served as president of SAP’s mobile services business.
TORONTO, Dec 16 (Reuters) – Canada’s Competition Bureau has
filed a legal motion against Google Inc alleging that
the company is abusing its dominant position in online search,
joining U.S. and European anti-trust authorities in challenging
the practices of the web giant.
The bureau commissioner, in a federal court filing dated
Dec. 11., is seeking an order requiring Google hand over
information about its business practices, including contracts.
TORONTO/WINNIPEG (Reuters) – The Canada Pension Plan Investment Board (CPPIB) said on Thursday it had agreed to acquire the assets of Assiniboia Farmland, a fund that owns and manages a large portfolio of farmland in Saskatchewan, for about C$128 million.
CPPIB, one of Canada’s top pension fund managers with more than C$192.8 billion ($181 billion) in assets under management, said Assiniboia’s diversified portfolio consists of 115,000 acres of farmland that produce crops like wheat, barley and canola.
TORONTO/WINNIPEG (Reuters) – The Canada Pension Plan Investment Board said on Thursday it has agreed to acquire the assets of Assiniboia Farmland, a fund that owns and manages a large portfolio of farmland in Saskatchewan, for about C$128 million.
CPPIB said Assiniboia’s diversified portfolio consists of about 115,000 acres of farmland that produce crops including wheat, barley and canola.
TORONTO, Dec 11 (Reuters) – Canada Pension Plan Investment
Board (CPPIB) said on Tuesday it has invested 320.8 million euro
($442.4 million) to acquire a 15 percent stake in nursing home
operator Orpea as it bets on the French company’s
growth prospects in Europe and overseas.
CPPIB, one of Canada’s top pension fund managers with over
C$192.8 billion ($181.70 billion) in assets under management, is
buying the shares from Orpea’s founder Jean-Claude Marian and
Santé Finance et Investissement.
TORONTO (Reuters) – Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz) investors have taken in stride news that the world’s largest gold producer may consider hedging its gold exposure, but they are roundly panning its plan for more diversification into other commodities.
John Thornton, who was confirmed after markets closed on Wednesday as Barrick’s next chairman, told reporters he would consider revisiting a hedging strategy for selling the company’s output because of the volatility of gold prices.
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.
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.
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).