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.
TORONTO, Nov 18 (Reuters) – The latest of several Canadian
government-backed investment funds that are being set up to
breathe life into the country’s venture capital industry raised
C$160 million ($141.6 million) on its initial closing, its
backers said on Tuesday.
The government said in early 2013 it would invest C$400
million in several new funds over seven to 10 years through its
Venture Capital Action Plan to match and attract private-sector
funding for Canadian startups.
TORONTO (Reuters) – JPMorgan Chase & Co said on Monday it notified Sears Canada Inc that it plans to terminate their credit card agreement, in another setback for the retailer.
The U.S. bank said it served the clothing and household goods retailer with a notice of non-renewal to prevent the agreement, which also expires Nov. 15, 2015, from auto-renewing.
TORONTO, Nov 17 (Reuters) – Osisko Gold Royalties Ltd
said on Monday it has agreed to acquire smaller rival
Virginia Mines Inc for C$479 million ($424 million),
creating a C$1.3 billion ($1.2 billion) company that owns
royalty interests in two major gold mines in the province of
The deal will give Montreal-based Osisko, which already owns
a royalty in the Canadian Malartic asset, a royalty interest in
Goldcorp Inc’s Éléonore mine, which began production last
year. Éléonore is ramping to 600,000 of gold ounces annually by
2018 and Canadian Malartic is currently producing about 525,000
ounces of gold annually.
SAN FRANCISCO, Nov 13 (Reuters) – BlackBerry Ltd
unveiled its new mobile-device management and security platform
on Thursday and struck wide-ranging partnerships to bolster its
capabilities, sending its shares more than 6 percent higher.
BlackBerry said it would team up with Samsung to provide a
“highly secure mobility solution” for Samsung’s Android phones.
The system couples the Canadian company’s device management
capability with the KNOX software embedded on Samsung’s Galaxy
phones and tablets, and will be available in early 2015, the
SAN FRANCISCO (Reuters) – BlackBerry Ltd (BB.TO: Quote, Profile, Research, Stock Buzz) unveiled its new mobile device management platform on Thursday and struck new partnerships aimed at bolstering its device security and management business.
The BlackBerry Enterprise Service, or BES 12, will allow big clients like corporations and government agencies to manage and secure not just BlackBerry devices on their internal networks, but those that run on rival operating systems such as Google’s (GOOGL.O: Quote, Profile, Research, Stock Buzz) Android and Apple’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iOS.