April 6 at 6:38 a.m.
Filed under:
Banking
By Dow Jones Newswires-Wall Street Journal
Bank of Montreal will drop the Marshall & Ilsley Corp. name when it combines the troubled Wisconsin lender with its existing U.S. retail unit this summer.
The Toronto-based bank will rename the combined U.S. retail bank BMO Harris Bank, a name that it said tested well in several markets, including Milwaukee and Chicago. BMO’s U.S. consumer bank was previously known as Harris Bank. The bank’s acquisition of Marshall & Ilsley, announced in December, is expected to be completed before July. Get the full story »
Dec. 30, 2010 at 9:54 a.m.
Filed under:
International,
Internet
By Reuters
Maybe it’s all those Justin Bieber fans: Canadians log more time on the Web and social media, including Facebook and YouTube, than any other nation.
The measurement company comScore reported Canada has the highest penetration of Internet access, with around 68 percent of Canadians routinely surfing online, against 62 percent in France and Britain. Close behind is 60 percent of Germans going online and, south of the border, 59 percent of Americans.
The laggards are Italians, where only 36 percent of the population goes online, according to comScore. Get the full story »
Nov. 15, 2010 at 11:25 a.m.
Filed under:
Agriculture/Farming,
International,
M&A,
Updated
By Reuters
Potash Corp. said it was vindicated in its decision to reject BHP Billiton’s offer of $130 a share as too cheap and was in a strong position to grow on its own.
Shares of Potash Corp. have traded consistently above the bid price, closing at $139.91 on Friday.
BHP Billiton scrapped its $39 billion bid for Canada’s Potash Corp. on Sunday and bowed to calls from investors to return cash, a move that came days after regulators blocked the year’s biggest takeover deal. Get the full story »
By Reuters
The Canadian government on Wednesday blocked BHP Billiton’s $39 billion bid for Potash Corp., the world’s biggest producer of a key crop nutrient, halting what had been the world’s biggest takeover attempt this year and sending Potash Corp. shares tumbling.
Ottawa said the Anglo-Australian miner’s takeover bid offered no likely net benefit to the country as required by Canadian law. BHP has 30 days to make additional representations to the Canadian government before the decision is final. Get the full story »
Nov. 2, 2010 at 4:23 p.m.
Filed under:
Agriculture/Farming,
International,
M&A,
Updated
By Reuters
Canada insisted on Tuesday it has made no decision yet on BHP’s $39 billion offer for Potash Corp., even as two newspapers said bureaucrats were advising the government to allow the bid and rumors swirled in the markets that Ottawa would block it. Get the full story »
Oct. 28, 2010 at 5:43 a.m.
Filed under:
Agriculture/Farming,
Earnings,
International,
M&A
By Reuters
Potash Corp., the world’s top fertilizer maker, steamrolled quarterly earnings expectations on Thursday on the back of stronger potash demand and higher prices for its nitrogen- and phosphate-based nutrients.
The Canadian fertilizer maker is currently battling a $39 billion hostile bid from BHP Billiton. Potash Corp has flatly rejected BHP’s bid and launched a lawsuit against the Anglo-Australian miner in an attempt to stymie a takeover. Get the full story »
By Reuters
The Canadian province that is home to Potash Corp. said on Thursday it was opposed to a $39 billion bid by BHP Billiton to buy the world’s largest fertilizer supplier.
Saskatchewan will urge the federal government to block the Anglo-Australian miner’s hostile bid for Potash Corp, which is based in the province. Get the full story »
By Reuters
Canadian Prime Minister Stephen Harper weighed in on miner BHP Billiton’s $39 billion bid to take over Saskatchewan-based Potash Corp. on Wednesday, calling it a proposal by an Australian-based company to take over an American-controlled company.
The Conservative government has until Nov. 3 to decide whether to approve the bid for Potash, the world’s biggest fertilizer producer. Ottawa is required to determine whether the bid would be a net benefit for Canada. Get the full story »
Oct. 15, 2010 at 3:40 p.m.
Filed under:
Litigation,
Retail,
Unions
By Reuters
Wal-Mart Stores Inc., the world’s largest retailer, on Friday said it was reviewing its options after a Canadian court ruled that a union properly won certification in a store in Saskatchewan. Get the full story »
Oct. 15, 2010 at 12:40 p.m.
Filed under:
Agriculture/Farming,
China,
International,
M&A
By Reuters
News that China’s Sinochem will not launch a counterbid for Potash Corp., removes one of the biggest potential obstacles to BHP Billiton’s $39 billion offer for the Canadian fertilizer giant.
The fate of Potash is far from certain, however, as other white knights may emerge, and BHP faces regulatory hurdles on the one hand and demands from Potash for a higher bid on the other. Get the full story »
Oct. 4, 2010 at 2:43 p.m.
Filed under:
Agriculture/Farming,
International
By Reuters
A takeover of Potash Corp. by BHP Billiton could cost Saskatchewan $1.96 billion over 10 years, a report says, but it warns the Canadian province against opposing the miner’s bid for the world’s largest fertilizer producer. Get the full story »
Sep. 22, 2010 at 12:43 p.m.
Filed under:
Internet,
Media,
Movies,
Video
By Reuters
Netflix launched an online video-streaming service in Canada for films and television Wednesday, its first foray outside the United States and a direct threat to established cable companies. Get the full story »
Aug. 18, 2010 at 8:33 a.m.
Filed under:
Autos,
Bankruptcy,
IPOs,
Unions
By Reuters
General Motors Co. will list its shares on the New York Stock Exchange and Toronto Stock Exchange after its initial public offering, a source familiar with the situation said on Wednesday. The IPO, intended to repay a portion of the automaker’s government bailout, has been dubbed “Project Dawn,” the source said. Get the full story »
