OTTAWA (Reuters) – Canadian consumers may have ended up
paying higher prices for cellphones and wireless services
because of contracts between Apple Inc’s Canadian unit
and domestic carriers, the Canadian Competition Bureau said in a
court filing this week.
The affidavit made on Tuesday by the Competition Bureau’s
Vincent Millette listed several ways the agreements with the
phone companies may have prevented or lessened competition.
WASHINGTON/TORONTO (Reuters) – German auto supplier
Continental AG won both U.S. and Canadian antitrust
approval to buy Veyance Technologies, a U.S.-based maker of
industrial hoses and belting, on condition that it sells certain
assets, regulators said on Thursday.
The U.S. Department of Justice said it approved the proposed
1.4 billion euro ($1.73 billion) deal for Ohio-based Veyance if
Veyance sold its North American commercial vehicle air springs
TORONTO, Dec 10 (Reuters) – Yamana Gold Inc said on
Wednesday it will place some of its Brazilian assets that have
been deemed as non-core into a subsidiary dubbed Brio Gold and
that it will explore a potential sale along with other options
for the unit in 2015.
The Canadian gold miner said it has retained National Bank
Financial and CIBC World Markets as financial advisors to assist
in the process of evaluating strategic alternatives with respect
to Brio Gold.
TORONTO (Reuters) – BlackBerry Ltd and NantHealth, a healthcare-focused data provider, launched a secure cancer genome browser on Sunday, giving doctors the ability to access patients’ genetic data on the BlackBerry Passport smartphone.
Earlier this year, BlackBerry bought a minority stake in privately held NantHealth. The mobile technology company sees healthcare as one of the niche sectors in which it has an advantage, due to the heightened focus on patient privacy and BlackBerry’s vast networks that can manage and secure data on mobile devices.
TORONTO, Dec 4 (Reuters) – Brazilian mining giant Vale’s
plan to sell a stake in its base metals unit through
a Toronto Stock Exchange listing could lead to the biggest IPO
in Canadian history and a windfall in fees on Bay Street.
Vale confirmed a Reuters report about the potential sale
this week, putting the size of the stake at 30 to 40 percent. It
said the unit may be worth $30 billion to $35 billion, including
the assumption of debt. The IPO could take place in the latter
half of 2015, if market conditions allowed.
VANCOUVER/TORONTO, Dec 1 (Reuters) – Brazil’s Vale SA
is considering listing part of its global base metals
business, two sources with knowledge of the matter said on
Monday, as the miner looks to fund capital projects amid a
collapse in iron ore prices.
The sources, who asked not to be named as they have not been
authorized to discuss the matter publicly, said the world’s top
iron ore producer is likely to retain a majority interest in the
new entity if it proceeds with the plan.
TORONTO (Reuters) – Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) said on Monday it has acquired PasswordBox, a Montreal-based identity management service that gives users a convenient way to log into websites and applications from any device without having to type or remember passwords.
The purchase price for the privately held Canadian start-up was not disclosed.
The Santa Clara, California-based chipmaker said PasswordBox will become part of the Safe Identity organization within Intel Security Group that is focused on simplifying and strengthening security by delivering ideas that reduce the pain of having to memorize dozens of passwords.
TORONTO, Nov 26 (Reuters) – TransCanada Corp, under
pressure from an activist hedge fund to overhaul its business,
said on Wednesday its board adopted new bylaws that require
advance notice of director nominations.
The company did not indicate if the move had anything to do
with pressure from activist fund Sandell Asset Management Corp.
TORONTO (Reuters) – Canada’s Hudson’s Bay Co (HBC.TO: Quote, Profile, Research, Stock Buzz) outlined a $1.25 billion refinancing plan Monday, in a move to reduce interest payments on debt it took on after it bought U.S. rival Saks last year, sending its shares up more than 9 percent in midday trading.
The department store operator said it would take out a 20-year mortgage on the ground portion of its flagship Saks Fifth Avenue store in New York City after an appraiser valued the property at C$4.1 billion ($3.65 billion), significantly more than it paid to buy all of Saks.
Nov 19 (Reuters) – Miner Cliffs Natural Resources Inc
may file for creditor protection in Canada to insulate
itself from closure costs and liabilities at its Canadian
operations, analysts said.
On Wednesday, Cliffs said it might have to close its Bloom
Lake iron ore mine in Quebec at a cost of up to $700 million as
it struggles to find funds to expand the project.