Euan's Feed
Jul 16, 2014

Barrick Gold chairman cements power as CEO steps down

TORONTO/VANCOUVER, July 16 (Reuters) – Barrick Gold Corp
said on Wednesday its chief executive officer will step
down in September and not be replaced, concentrating power in
the hands of the miner’s new executive chairman, John Thornton.

The world’s biggest gold miner appointed two co-presidents
to help run the company after Jamie Sokalsky’s departure as CEO.

Jul 16, 2014

Apple-IBM deal dents BlackBerry’s prospects, slams stock

TORONTO (Reuters) – BlackBerry Ltd’s (BBRY.O: Quote, Profile, Research, Stock Buzz) shares took a beating on Wednesday after IBM Corp (IBM.N: Quote, Profile, Research, Stock Buzz) outlined plans to partner with Apple Inc APPL.O to sell iPhones and iPads loaded with applications for business users.

The Apple-IBM tie up, beginning this fall, is set to target the customer base that BlackBerry needs to woo as part of a turnaround under new Chief Executive Officer John Chen.

Jul 7, 2014

Canada offers more wireless airwaves to spark competition

TORONTO, July 7 (Reuters) – The Canadian government said on
Monday it will auction more wireless spectrum early next year,
with more than half the airwaves set aside for newer players
that have struggled to win business from the country’s three
dominant telecom companies.

The Conservative government hopes the auction of the
high-frequency spectrum, known as AWS-3, will encourage
investors to pour money into some of these smaller players,
which include Wind Mobile and Mobilicity. This would help them
better compete against the big three: BCE Inc’s Bell,
Rogers Communications Inc, and Telus Corp.

Jul 2, 2014

Tuckamore says ISS view of buyout plan flawed

TORONTO, July 2 (Reuters) – Tuckamore Capital Management Inc
, which invests in early- and mid-stage private
companies, said on Wednesday it believes a leading proxy
advisory firm’s recommendation against a proposed management-led
buyout of Tuckamore is flawed.

The buyout plan, backed by private equity firm Birch Hill
Equity Partners, has already faced significant public opposition
from shareholders that control close to 30 percent of
Tuckamore’s shares. Earlier this week proxy advisory firm ISS,
or Institutional Shareholder Services, advised its clients not
to back the proposal.

Jun 26, 2014

Canada’s Tuckamore fires back at dissident investor Access Holdings

TORONTO, June 26 (Reuters) – Tuckamore Capital Management
Inc fired back at dissident investor Access Holdings
Management Co LLC on Thursday, saying that Access had previously
tried to seize control of Tuckamore without paying a premium to
all shareholders.

Earlier this week, Access said it plans to vote the shares
it controls against Tuckamore’s proposed management-led buyout
as it materially undervalues the holding firm that invests in
early- and mid-stage private companies across sectors.

Jun 24, 2014

Investors revolt against management-led buyout of Canada’s Tuckamore

TORONTO, June 24 (Reuters) – Two large groups of investors
that control roughly 20 percent of the shares of Tuckamore
Capital Management Inc have gone public with their
discontent over a management-led buyout of the firm, being
sponsored by Birch Hill, a private equity player.

Canso Investment Counsel Ltd and Access Holdings Management
Co, in separate statements, said they plan to vote shares they
control against the controversial transaction as it materially
undervalues Tuckamore, a holding firm that invests in early- and
mid-stage private companies across all sectors.

Jun 23, 2014

Canada’s SNC-Lavalin to buy UK’s Kentz for $2 billion

TORONTO (Reuters) – Canadian engineering and construction company SNC-Lavalin Group Inc (SNC.TO: Quote, Profile, Research, Stock Buzz) said on Monday that it would acquire British energy services provider Kentz Corp (KENZ.L: Quote, Profile, Research, Stock Buzz) for about 1.164 billion pounds ($1.98 billion) in cash to expand its offerings in the oil and gas sector.

Montreal-based SNC said the acquisition of Kentz would allow it to carry out larger and more complex oil and gas projects. The deal would also give SNC a much greater presence in key growth regions such as the Middle East, North America and Asia Pacific.

Jun 19, 2014

BlackBerry results top forecasts, fueling recovery hopes

WATERLOO Ontario/TORONTO (Reuters) – BlackBerry Ltd posted a narrower-than-expected loss as the troubled smartphone maker’s turnaround efforts started to pay off, raising hopes its chief executive can deliver on a pledge to return the company to steady profits.

Shares jumped more than 10 percent on Thursday after BlackBerry said it spent less cash than many expected and its gross profit margin rose from a year earlier.

Jun 19, 2014

BlackBerry reports better than expected results, shares surge

WATERLOO/TORONTO (Reuters) – BlackBerry Ltd (BBRY.O: Quote, Profile, Research, Stock Buzz) (BB.TO: Quote, Profile, Research, Stock Buzz) reported a smaller-than-expected quarterly loss on Thursday as the smartphone company’s cost cutting and other turnaround efforts started to pay off.

Shares jumped 10 percent in trading before the bell after BlackBerry burned through less of its cash than many expected and reported its gross profit margin rose from a year earlier.

Jun 18, 2014

In deal with Amazon, BlackBerry to offer 240,000 Android apps

TORONTO (Reuters) – BlackBerry Ltd has agreed a licensing deal with Amazon.com Inc that will let the Canadian smartphone maker offer some 240,000 Android applications from Amazon’s app store on its line-up of BlackBerry 10 devices this fall.

The move allows BlackBerry to add a vast array of consumer-focused apps to its devices, and to focus on developing enterprise and productivity applications, the Waterloo, Ontario-based company said in a statement on Wednesday.

    • 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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