The move by Fairfax, the Canadian property and casualty insurer run by investment guru Prem Watsa, will double the company's holdings of BlackBerry's debt. Fairfax also owns a more than 14 percent equity stake in BlackBerry, making it the company's largest shareholder.
RIO DE JANEIRO, Dec 18- Brazilian miner Vale SA expects to more than replace the 4 million tonnes a year of potash it stands to lose from the cancellation of its Rio Colorado project in Argentina as it opens mines in Brazil and Canada, its top executive said on Wednesday.
*Dubai World unit sells 50 pct of Fontainebleau- source. DUBAI, Dec 17- Istithmar World, a unit of Dubai World, has sold its 50 percent stake in Miami Beach's landmark Fontainebleau hotel back to south Florida developer Turnberry, a source close to the seller said on Tuesday.
NEW YORK/ TORONTO, Nov 8- BlackBerry Ltd's board does not believe a break-up of the Canadian smartphone maker is currently in its best interests, even though Microsoft Corp, Apple Inc and Lenovo Group Ltd, among others, have expressed interest in acquiring parts of the company, according to people familiar with the discussions.
John Chen, the second consecutive chief executive officer at BlackBerry to receive a bumper package, will have to help the embattled smartphone maker regain its footing and win back market share ceded to the likes of Apple's iPhone and a range of devices that run on Google Inc's Android operating system.
NEW YORK, Oct 21- Tri Pointe Homes Inc, a homebuiler backed by Barry Sternlicht's Starwood Capital Group LLC, is in advanced talks to buy Weyerhaeuser Co's homebuilding division for about $2.7 billion, according to people familiar with the matter.
TORONTO, Sept 30- Brookfield Property Partners said on Monday it will acquire the 49 percent of Brookfield Office Properties it does not already own for $5 billion in a deal that would consolidate the companies' $45 billion in real estate assets.
Under the plan, Tokyo- based trading company Mitsui Co, will pay 1.51 billion reais for 20 percent of VLI and Brazil's FGTS worker compensation and retirement fund will pay 1.2 billion reais for 15.9 percent. The Mitsui and FGTS sales will cut Vale's share in VLI to 64.1 percent, Vale said.
Sept 13- Bill Ackman's Pershing Square Capital Management cut its stake in mall owner General Growth Properties Inc to 3.7 percent from 8 percent, the hedge fund said in a filing with the U.S. Securities and Exchange Commission.
With $100 billion in assets in the United States already, the man many call the Warren Buffett of Canada told CNBC that he's "still putting money into America."
*Third-quarter FFO 23 cents matches Wall St view. Improving retail sales and consumer confidence have been good news for mall owners, including Simon Property Group Inc and Macerich Co, which have seen stronger sales at their tenants' stores in the third quarter.
*Q3 FF0 $1.99/ share vs Street view $1.92. Oct 25- Simon Property Group Inc reported a 19 percent increase in a key earnings measure Thursday on higher rents and sales at its malls and outlet centers, easily beating estimates, and the real estate investment trust raised its outlook for the year.
Oct 11- Brookfield Asset Management Inc:.
Oct 10- Brookfield Asset Management:. *C $350 million principal amount 8.95% notes due June 2, 2014; redemption price. of C $1097.94* Source text* Further company coverage ().
NEW YORK, Oct 1- Hedge fund manager William Ackman, who has been pushing mall operator General Growth Properties to sell itself, on Monday said a deal with rival Simon Property Group would be beneficial to all parties and push the stock price dramatically higher.
What follows is a roundup of corporate earnings reports for Wednesday, May 11.
What follows is a roundup of corporate earnings reports for Friday, Feb. 18.
The Lightning Round is extended in this CNBC.com exclusive feature.
Central banker speak and a G-20 meeting are the highlights Friday, as traders check positions ahead of the long President's Day weekend.
AIG is a company with a positive long term outlook, Bruce Berkowitz, founder and portfolio manager of Fairholme Capital Management, and the largest private shareholder, 32.7 percent, of outstanding shares in AIG after the US government, told CNBC on Wednesday.