TORONTO, Sept 24 (Reuters) – BlackBerry
launched an unconventional new smartphone dubbed the Passport on
Wednesday as it embarked on what may be the most critical phase
of its long turnaround push.
At simultaneous events in Toronto, London and Dubai,
BlackBerry showed off the device, which is the size and shape of
a closed passport, with a large square touchscreen as well as a
keyboard. The Passport comes to market as the phones of
BlackBerry’s rivals converge on a single profile, with tall,
rectangular screens and smooth corners.
TORONTO (Reuters) – BlackBerry is set to launch an unconventional new smartphone dubbed the Passport on Wednesday, as it embarks on potentially the most critical phase of its long turnaround.
The one-time smartphone industry pioneer recently concluded a three-year long restructuring process and has largely halted the bleed, but it is now up to Chief Executive John Chen to prove that the company’s new devices and services are capable of generating sustainable new streams of revenue and returning it to profitability.
TORONTO (Reuters) – U.S. Steel Corp’s move to seek creditor protection for its Canadian operations throws into question the fate of the more than a century old steel operations in Hamilton, Ontario.
U.S. Steel acquired the Canadian operations – including the Hamilton assets and the newer Lake Erie facilities in Nanticoke, Ontario – through its acquisition of Stelco Inc in 2007. The Canadian operation was soon bleeding red ink, however, as demand for steel declined following the financial crisis.
TORONTO, Sept 19 (Reuters) – Canadian pipeline operator
TransCanada Corp said on Friday its current corporate
structure, asset base and financial strength are critical to its
ability to maneuver and deliver on its growth strategy.
The statement followed a Reuters report on Thursday that a
number of U.S. hedge funds were reviewing the pipeline operator
as a potential break-up candidate.
TORONTO (Reuters) – United States Steel Corp’s Canadian unit had sought a wide ranging set of relief measures from the Ontario government before it filed for creditor protection in Canada earlier this week, according to a source familiar with the matter.
The source, who was not authorized to publicly discuss the matter, said the steelmaker had sought environmental liability waivers, an extension on the deadline to fully fund its pension plans in Canada and forgiveness of a C$150 million ($137 million) loan granted by the provincial government nearly a decade ago.
TORONTO, Sept 18 (Reuters) – United States Steel Corp’s
Canadian unit had sought a wide ranging set of relief
measures from the Ontario government before it filed for
creditor protection in Canada earlier this week, according to a
source familiar with the matter.
The source, who was not authorized to publicly discuss the
matter, said the steelmaker had sought environmental liability
waivers, an extension on the deadline to fully fund its pension
plans in Canada and forgiveness of a C$150 million ($137
million) loan granted by the provincial government nearly a
TORONTO (Reuters) – The sale of Wind Mobile to a group of private equity investors will need to be followed by hefty investment and further deals before Canada`s No. 4 wireless provider poses a significant threat to its much larger competitors.
Shares of BCE Inc, Telus Corp, and Rogers Communications Inc all fell slightly on Tuesday following the news, which some view as a first step to creation of a stronger challenger to the three dominant national players.
TORONTO, Sept 15 (Reuters) – Vimpelcom Ltd has
agreed to sell its majority stake in Canadian wireless carrier
Wind Mobile to its current minority owner Globalive for around
C$300 million ($272 million), two sources with knowledge of the
matter said on Monday.
One of the sources said the transaction would be partly
funded by an investor group led by Canadian hedge fund West Face
Capital Inc and include California-based private equity firm
Tennenbaum Capital Partners.
TORONTO/LAS VEGAS, Sept 11 (Reuters) – BlackBerry
has acquired a U.K-based mobile technology start-up whose
software allows users to have multiple phone numbers on the same
device, the Canadian tech firm said on Thursday.
The purchase of Movirtu helps BlackBerry ramp up its
portfolio of services to cater to the needs of its core base of
corporate and government clients. Terms of the transaction were
TORONTO/LAS VEGAS (Reuters) – BlackBerry Ltd said on Thursday it has acquired Movirtu, a provider of virtual identity solutions, as part of its move to continue building out its portfolio of value-added services that cater to the needs of its core base of corporate and government clients.
Waterloo, Ontario-based BlackBerry said Movirtu’s virtual SIM technology allows an individual to have both a personal and business number on a single mobile device, with separate billing for voice, data and messaging usage on each number.