Canada’s Fairfax offers to acquire BlackBerry in $4.7 billion deal
Verizon Communications Inc. said Sept. 3 it wouldnt enter the Canadian market after saying earlier in the summer it was exploring the idea. Its good for incumbents, Greg MacDonald, an analyst in Toronto at Macquarie Capital Markets, said in an e-mail, referring to the three largest companies. Banks Advance Financial firms advanced. National Bank rose 1 percent to C$85.88 and Canadian Imperial Bank of Commerce gained 0.9 percent to C$83.53. Royal Bank of Canada, the nations largest lender, added 0.6 percent to C$66.37. Materials producers fluctuated as prices for metals from gold to copper slumped and data from China showed a preliminary manufacturing index gauge climbed more than expected in September. Teck Resources Ltd., the nations largest diversified miner, rose 0.4 percent to C$28.43. Silver Standard Resources Inc. dropped 5.8 percent to C$6.69. Catamaran, a pharmacy benefits management company, slumped 3.1 percent to C$49.49, on track for the lowest close since June. The stock has lost 13 percent since customer Walgreen Co. said on Sept.
Canada’s ‘The Next Star’ Spins Off Supergroup Series
TORONTO — Canada’s search for its own version of One Direction and The Fifth Harmony has begun. our editor recommends Former OWN COO John MacDonald Joins Canada’s Corus Entertainment YTV’s The Next Star, a music talent competition series to find a Canadian singing superstar 15 years of age and under, on Sunday evening unveiled a spinoff series that scours the country for a made-for-TV super group. The news came as 15-year-old Alicia Moffet from Saint-Lazare, Quebec, was crowned YTVs The Next Star for season six. PHOTOS:THR Emmy Roundtable: Behind-the-Scenes With Reality TV’s Top Stars The Next Star: SuperGroup, to be hosted by Camp Rock’s Jordan Francis, will see star mentors work with young Canadian talent to put together the next popular five-piece boy band or girl band. The series from The Next Star creator Tricon Films & Television will see performance coaches like The X Factor’s Damon Sharpe and actress and recording artist Cory Lee put the teenage groups through boot camp to hone their voices and synchronized dance moves. The spinoff series will follow the same format as The Next Star, as 30 finalists travel to Toronto and compete in groups of five. Eventually two groups will go head-to-head in the live finale in Toronto, with TV viewers voting on who wins the grand prize and the title of The Next Star: SuperGroup. PHOTOS:The Kardashian Family’s Summer of Bummers And, as with The Next Star, the spinoff series will be Canadian in discovering and nurturing the talent, as young TV viewers are encouraged to faint with excitement over their favorite boy or girl bands. “We’ll be trying to solicit votes and try to get people to like [contestants]. But it’s done with a lot of fun. Just like all of our reality shows, we do it with a positive mindset,” Jocelyn Hamilton, vpprogramming and original production at YTV-parent Corus Kids, insisted. “Yes, there’s a winner of the show, but all of them have learned something and grown with this experience,” Marc Kell Whitehead, general manager of production at indie producer and distributor Tricon, added about The Next Star format. The Next Star is a summer series for YTV, while the spinoff series, to debut in spring 2014, aims to keep the brand in front of TV viewers for most of the year.
A soldier directs people up a stairway inside the Westgate on September 21. An injured man is wheeled into the Aga Khan Hospital in Nairobi. People run from the Westgate Mall. A Kenyan woman is helped to safety after the masked gunmen stormed the upscale mall and sprayed gunfire on shoppers and staff. Crowds gather outside the upscale shopping mall. The interior ministry urges Kenyans to keep off the roads near the mall so police can ensure everyone inside has been evacuated to safety. A policeman carries a baby to safety. Authorities said multiple shooters were at the scene. Bodies lie outside the shopping mall. A security officer helps a wounded woman outside. Elaine Dang of San Diego is helped to safety after the attack. The military asked local media not to televise anything live because the gunmen are watching the screens in the mall.
Somali jihadists recruit in U.S., Canada, Europe
Thats expected to end around Nov. 4. Until then, the deal could still fall apart or have the terms of the acquisition changed. The letter of intent allows BlackBerry to keep talking with other potential investors before a final deal is signed with the Fairfax consortium. This is probably the best possible outcome of several unattractive options for BlackBerry, said analyst Jack Gold, of J. Gold Associates, in an email. He said the deal could give the company time to restructure and keep investors from breathing down their neck. The deal would also provide them with some financial stability so its enterprise customers would not feel compelled to replace them for fear of going out of business, he said. Enterprise customers are important to BlackBerry and the company said last week it would focus future efforts on them rather than consumers. But it wont be easy. Negative press on its situation can sometimes be a self-fulfilling prophesy, and the market may not be kind to them even if they do provide innovative products and services, he said. Background BlackBerry was once the leader of the smartphone sector. At a time when other companies were asking consumers to struggle with clunky web interfaces to email, BlackBerry revolutionized messaging with its handsets that combined an email client with a real keyboard. But the company failed to evolve its handset range when Apple launched its iPhone and full-screen touchphones began attracting consumers.