TORONTO (Reuters) – Research In Motion said a U.S. federal agency, which recently outlined plans to move away from BlackBerry in favor of Apple Inc’s iPhone, is now set to begin testing RIM’s new BlackBerry 10 platform and devices.
The U.S. Immigration and Customs Enforcement agency (ICE), will early next year begin a pilot program on RIM’s new line of BlackBerry 10 smartphones and BlackBerry Enterprise Service 10 (BES 10), which allows corporations and government users to run the new devices on their networks, a RIM spokeswoman said late on Wednesday.
TORONTO (Reuters) – Research In Motion Ltd on Thursday outlined a program of incentives to encourage its biggest customers to run its soon-to-launch line of BlackBerry 10 devices, seeking to persuade corporations and government users to stick with its secure smartphones.
RIM is betting that the devices, to be launched on January 30, will revive its fortunes. That will depend to a large extent on the response from RIM’s enterprise customers — the business users who value BlackBerry’s strong security features.
TORONTO, Dec 6 (Reuters) – Primaris Retail REIT’s
chief executive said on Thursday the company is in the process
of hiring financial advisers, a day after receiving a C$2.6
billion ($2.63 billion) takeover bid from a consortium led by
CEO John Morrison said the Primaris board would give the
Canadian real estate invesment trust’s unitholders its opinion
of the bid once it receives a formal offer.
TORONTO (Reuters) – Loblaw Companies Ltd (L.TO: Quote, Profile, Research, Stock Buzz), Canada’s largest grocer, said on Thursday it plans to create a real estate investment trust to hold most of its property assets, sending its stock and that of its parent, George Weston Ltd (WN.TO: Quote, Profile, Research, Stock Buzz), surging higher.
The company said it plans to spin off real estate worth more than C$7 billion ($7.05 billion) into the REIT and will sell units of the trust through an initial public offering.
Dec 6 (Reuters) – Canadian hardware retailer and distributor
Rona Inc will sell assets and simplify its operations
as part of a back-to-its-roots strategy designed to turn its
fortunes around, the company’s interim chief executive said on
Dominique Boies, who took the reins at Rona following last
month’s exit of long-time CEO Robert Dutton, said he plans to
bring profit margins in line with industry standards with his
changes, which will shift the company’s focus back to its roots
as a hardware distributor.
TORONTO, Dec 6 (Reuters) – Loblaw Companies Ltd,
Canada’s largest grocer, said on Thursday it plans to create a
real estate investment trust to hold a significant part of its
real estate assets, in an effort to create value for
The company said it plans to sell units of the REIT through
an initial public offering, and estimates Loblaw will initially
contribute real estate worth more than C$7 billion ($7.05
billion) into the REIT.
TORONTO (Reuters) – Research In Motion outlined a step-by-step program on Thursday to help its large base of enterprise clients transition across to its soon to be launched new BlackBerry 10 platform.
RIM is betting that the new devices, set to be launched on January 30, will revive its fortunes. But the fate of the BB10 smartphones will in a large part be decided by corporations and government agencies the world over that are big users of RIM’s BlackBerry devices, which have long been renowned for a strong set of security features.
TORONTO (Reuters) – A consortium led by Canada’s KingSett Capital will offer about C$2.6 billion ($2.62 billion) to acquire Primaris Retail REIT (PMZ_u.TO: Quote, Profile, Research, Stock Buzz) to bolster its portfolio of Canadian shopping malls at a time when U.S. retailers are looking to expand northward.
The unsolicited offer, announced by the real estate focused private equity fund on Wednesday, would give it control of mid-market retail centers in major cities across Canada and dominant shopping malls in secondary cities.
TORONTO (Reuters) – First Quantum Minerals Ltd (FM.TO: Quote, Profile, Research, Stock Buzz) said on Thursday it believed Inmet Mining Corp’s (IMN.TO: Quote, Profile, Research, Stock Buzz) board was selling shareholders short by refusing to enter into talks on a takeover proposal put forward by First Quantum earlier this month.
Toronto-based Inmet, which is building the Cobre Panama copper mine in Central America, said on Wednesday it had turned down a C$4.86 billion ($4.89 billion) unsolicited proposal from its larger rival, saying the offer was “highly conditional” and not in the best interests of its shareholders.
TORONTO, Nov 29 (Reuters) – A wave of optimism surrounding
the launch of Research In Motion’s
re-engineered BlackBerry line picked up momentum on Thursday
with Goldman Sachs raising its rating on the smartphone maker
and setting off a surge in i ts share price.
The brokerage firm joined a growing chorus of analysts who
have warmed to the prospects of a successful introduction of the
new BlackBerry 10 devices, which RIM hopes will let it claw back
market share lost to Apple Inc’s iPhone and smartphones
powered by Google’s Android platform. The BB10 devices
are expected to hit store shelves early next year.