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| BHP's bid for Potash criticized in China
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ANDY HOFFMAN AND BRENDA BOUW
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Friday, September 10, 2010
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BHP Billiton Ltd.'s $38.6-billion (U.S.) bid for Potash Corp. of Saskatchewan Inc. is being sharply criticized by a Chinese state-backed news agency, adding to mounting evidence that a Chinese company will attempt to scupper the hostile offer.
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| Kinross takeover bet appears to be a calculated winner
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ERIC REGULY
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Thursday, September 09, 2010
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ereguly@globeandmail.comBig gold discoveries, like big oil discoveries, are becoming increasingly rare. You've heard of peak oil? Gold guys talk about peak gold. Global production has been on the wane since 2001, in spite of a 10-year run of rising prices and endless drilling.
FULL STORY
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| Saskatchewan to BHP: Stay in the cartel if you want our support
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BRENDA BOUW AND ANDY HOFFMAN
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Thursday, September 09, 2010
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BHP Billiton Ltd. must make a long-term commitment to remain in the Canpotex potash marketing cartel if it wants Saskatchewan's blessing to buy one of the province's largest revenue-generating companies, a provincial cabinet member said.
FULL STORY
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| The testosterone factor
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TIM KILADZE
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Thursday, September 09, 2010
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A chief executive officer's patience and co-operation can make or break a corporate merger or acquisition. That's no secret. But researchers at the University of British Columbia's Sauder School of Business now offer a biological explanation for male CEOs' willingness, or lack thereof, to negotiate: testosterone levels.
FULL STORY
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| 7-Eleven enters battle for Casey's
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BERTRAND MAROTTE
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Thursday, September 09, 2010
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Alimentation Couche-Tard Inc. faces a challenge of epic proportions if it has to do battle against the giant of U.S. convenience store chains - 7-Eleven - in its efforts to acquire Casey's General Stores Inc.
FULL STORY
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| A white knight is on the way, Potash CEO insists
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BRENDA BOUW AND ANDY HOFFMAN
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Wednesday, September 08, 2010
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Potash Corp. of Saskatchewan Inc. insists another suitor will come forward to rival BHP Billiton Ltd.'s $38.6-billion (U.S.) hostile offer, playing up the prospects for a bidding war that would lead to a higher price for its world-renowned fertilizer assets.
FULL STORY
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| Pension conversion fallout lands in court
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JEFF GRAY
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Wednesday, September 08, 2010
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jgray@globeandmail.comIt looked like a good deal. Back in 1997, employees at what was then Riverside Forest Products Ltd., in Kelowna, B.C., were given a one-time offer: stay in their current pension plan, or switch to a new ''defined-contribution'' plan.
FULL STORY
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| Australian takeover too rich for Eldorado Gold
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BRENDA BOUW
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Wednesday, September 08, 2010
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MINING REPORTEREldorado Gold Corp. has pulled its bid for Australia's Andean Resources Ltd., saying it doesn't want to get into a ''value destroying auction.''Eldorado's $3.4-billion bid for Andean was trumped late last week by a $3.6-billion offer from its Vancouver rival, Goldcorp Inc., the world's second-largest gold producer by market capitalization.
FULL STORY
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| IT stocks that generate high dividend income
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DAVID PARKINSON
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Wednesday, September 08, 2010
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dparkinson@globeandmail.comWhat are we looking for?North American information-technology stocks offering the most attractive dividend profiles.Dividends in, cash flow out
FULL STORY
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| As food prices jump, UN group tries to avoid fuelling new crisis
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ERIC REGULY
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Tuesday, September 07, 2010
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Two years after the food crisis, when soaring prices raised the spectre of mass hunger and starvation, food inflation has made a comeback.For Potash Corp. of Saskatchewan Inc., the world's biggest fertilizer maker, the price surge could not come at better time as it fights a $39-billion (U.S.) takeover bid from BHP Billiton Ltd. But in the developing world, the strain of higher food costs is beginning to show.
FULL STORY
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| Taking the long-term view
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GORDON PITTS
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Monday, September 06, 2010
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gpitts@globeandmail.comThe British-North American Committee may not ring a bell, but the names of its blue-chip membership surely will. The 41-year-old policy forum boasts a glittering roster that includes retired U.S. general Wesley Clark, British business leader Sir Paul Judge, Moosehead brewer Derek Oland, and retired forestry executive William Turner. Founded in 1969, the panel's name evokes a time when maintaining the Canadian-British-U.S. connection was of compelling concern - before China's rise and the financial meltdown.
FULL STORY
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| Xstrata walks away from Noranda offer
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TIM KILADZE
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Friday, September 03, 2010
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Shares of Noranda Income Fund fell nearly 9 per cent on Thursday after Xstrata Zinc, a division of mining giant Xstrata PLC, officially walked away from its takeover offer for the company.
FULL STORY
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| Conference Board to advise on Potash takeover
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BRENDA BOUW AND NATHAN VANDERKLIPPE
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Friday, September 03, 2010
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Saskatchewan's support for a takeover of Potash Corp. of Saskatchewan Inc. will rely on the advice of the Conference Board of Canada, an independent consultant that has raised red flags in the past about state-owned entities taking over Canadian companies.
FULL STORY
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| In the battle for Potash Corp., domestic heroes are in short supply
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ERIC REGULY
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Thursday, September 02, 2010
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ereguly@globeandmail.comWe are bored with endless stories about the alleged economic recovery, about minor fluctuations in the GDP, the unemployment rate and the C-buck. What we need to shake us from our stupor is a blockbuster hostile takeover, one with all the requisite ingredients for a white-knuckle ride: Combative, mud-slinging CEOs, more twists and turns than a pulp detective novel and, most of all, rival bids to sate the greed of everyone from the quick-buck artists to the pension funds.
FULL STORY
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| Saskatchewan fires warning at state-owned Potash suitors
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BRENDA BOUW AND ANDY HOFFMAN
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Thursday, September 02, 2010
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Potash Corp. of Saskatchewan Inc.'s best hope for a rival offer to BHP Billiton Ltd.'s $38.6-billion (U.S) takeover bid faces a potential obstacle in the provincial government, which says it's worried that a state-controlled buyer would drive down the value of its coveted resource.
FULL STORY
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| EYE ON EQUITIES / / STOCKS THAT SHOULD BE ON YOUR RADAR SCREEN
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SONALI VERMA
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Thursday, September 02, 2010
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Bank of Nova Scotia (BNS - TSX) Wednesday's close $51.25, unchangedBank of Nova Scotia's third-quarter results reflect weak international earnings, and sluggish loan growth and a stronger Canadian dollar will continue to hurt profits in this division, said Canaccord Genuity analyst Mario Mendonca.
FULL STORY
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| Onex, CPPIB to delist Tomkins in London
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TARA PERKINS
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Wednesday, September 01, 2010
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FINANCIAL SERVICES REPORTERIn the next month, two of Canada's most powerful investors will take over storied British conglomerate Tomkins PLC , delist its shares from the London Stock Exchange, and weigh plans to move its chief decision makers to the U.S.
FULL STORY
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| Potash Corp. irked by BHP calls to clients
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DAVID EBNER
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Wednesday, September 01, 2010
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Potash Corp. of Saskatchewan Inc. has accused suitor BHP Billiton Ltd. of attempting to ''sow seeds of doubt and confusion'' among the company's customers.In a letter sent to its customers, dated Monday, Potash Corp.'s president of fertilizer sales, Stephen Dowdle, sought to reassure buyers of the company's products. The letter, filed Tuesday with the U.S. Securities and Exchange Commission, said the company recently heard that BHP director of potash marketing Chris Ryder ''has begun to cold call many of you.''
FULL STORY
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| Potash poison pill a placebo?
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JEFF GRAY
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Wednesday, September 01, 2010
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jgray@globeandmail.comThe staff of 20 that oversees securities regulation in Saskatchewan - which has only seven Toronto Stock Exchange-listed companies in its purview - has its hands full.Barbara Shourounis, the lawyer who is the director of securities for the Saskatchewan Financial Services Commission, is preparing for what could be the province's first hearing on a ''poison pill,'' a defence tactic used by companies targeted for hostile takeovers.
FULL STORY
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| 36 years on, Prichard takes up Torys on a job offer
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Wednesday, September 01, 2010
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Robert Prichard, the former Torstar CEO and University of Toronto president, turned down an articling job at Torys LLP to enter academia in 1974. But on Tuesday, the firm announced that, after 36 years, the job offer was still open, with a slight promotion to chairman.
FULL STORY
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| 'We go where people don't dare to go'
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IAIN MARLOW
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Tuesday, August 31, 2010
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TELECOM REPORTERNaguib Sawiris, the billionaire scion of Egypt's most prominent business family, dove into the embers of post-invasion Iraq with a $5-million (U.S.) bid to offer cellphone service and rose from the ashes four years later to sell his network for $1.2-billion.
FULL STORY
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| Private equity is peering down the mine shaft
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BOYD ERMAN
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Tuesday, August 31, 2010
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berman@globeandmail.comThe takeover drama unfolding over Potash Corp. of Saskatchewan Inc. has drawn the attention of an unusual tire kicker - the manager of Canada's national pension plan.
FULL STORY
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| BHP expected to shed Potash assets if bid wins
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BRENDA BOUW
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Tuesday, August 31, 2010
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MINING REPORTERBHP Billiton Ltd. has no immediate plans to sell the nitrogen and phosphate businesses held by Potash Corp. of Saskatchewan Inc. if its hostile takeover offer is successful, but analysts see it as a logical long-term move because of the company's philosophy of trying to dominate every business it enters.
FULL STORY
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| EYE ON EQUITIES / / STOCKS THAT SHOULD BE ON YOUR RADAR SCREEN
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SCOTT ADAMS
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Tuesday, August 31, 2010
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BOMBARDIER INC. / (BBD-B-TSX)Monday's close / $4.52, down 3 cents Bombardier Inc.'s release of second-quarter financial results Wednesday will provide a better look at how well the company is dealing with the long, slow recovery and what the outlook is for the rest of the fiscal year. The transportation giant is also expected to update investors on how its new C Series transcontinental mid-sized jet is being received.
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