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Business Watch
BlackBerry keeps keys
ORLANDO, Fla. -- While many changes are afoot at BlackBerry-maker Research in Motion, its chief executive vows the devices will continue to include the popular physical keyboard -- despite rumours to the contrary.
Thorsten Heins told the BlackBerry World conference in Orlando Wednesday its new line of BlackBerrys, due for release later this year, will include both touchscreen and physical keyboards. "We won't lose the focus on physical keypads. It would be wrong -- just plain wrong to do this," Heins said.
Intact buys insurer
TORONTO -- Intact Financial Corp. (TSX:IFC) will spend $530 million to acquire specialty insurer Jevco, Intact said Wednesday, a day after reporting a 13 per cent increase in net income.
Jevco Insurance Co., a wholly owned subsidiary of Westaim Corp. (TSX:WED), operates mainly in Quebec, Ontario and Alberta, offering insurance on vehicles such as motorcycles, snowmobiles and all-terrain vehicles as well as auto insurance to high-risk drivers.
The transaction, which is expected to close in the fall, has been approved by the boards of both companies and is conditional upon, among other things, the approval of Westaim's shareholders as well regulatory approvals.
Barrick admits lag
BARRICK Gold Corp. chairman Peter Munk offered a bullish outlook for gold, but acknowledged shares in the miner have lagged the company's performance at the firm's annual meeting Wednesday.
Munk said Barrick used to be one of the best-performing stocks on the Toronto market. "There is now a divergence," he told shareholders.
"There are many reasons for it, but not to face up to it and not to talk about it would be the gravest mistake a board and management and people responsible for the welfare of this company could do."
-- from the news services
Republished from the Winnipeg Free Press print edition May 3, 2012 B7
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