Canada burger chain A&W taps demand for hormone-free beef
Fairfax has agreed to put up its 10 percent stake in BlackBerry for the offer, and needs to find equity and debt investors for the rest. BlackBerry fell 6.2 percent in New York to $8.01, an 11-month low, cutting its market value to $4.2 billion. As more details, or lack thereof, emerge about the Fairfax takeover deal, the chances of the deal going through appear grimmer, Sanford C. Bernstein Ltd. analyst Pierre Ferragu wrote in a research note yesterday. Bernstein rates BlackBerry underperform. Vested Interest BlackBerry holds long-term value, particularly as it moves away from lower-margin consumer handsets to a focus on corporate customers, which offer higher margins, Paul Rivett , president of Fairfax, said in a Sept. 23 phone interview. There is tremendous pressure on BlackBerry from those with a vested interest in destroying the company, Rivett said in an e-mail yesterday. We work well under pressure. Fairfax is comfortable with the group its currently working with and will reveal its partners after due diligence is completed, Rivett said. Asset Values BlackBerrys assets are probably worth about $2.8 billion excluding its cash reserves of $2.6 billion, said Steven Li, an analyst at Raymond James Ltd. in Toronto in a note to clients. That includes patents worth about $1.6 billion, its network of secure servers that may fetch $825 million and licenses worth about $400 million, said Li.
shale and the Alberta oil sands. Statoil says its discovery in the deep-sea Bay du Nord may contain up to 600 million barrels of recoverable oil, making it the third-largest find in Atlantic Canada and rejuvenating hope for an offshore region that was forecast to be in decline for the next several decades. Situated in an area known as the Flemish Pass basin, 500 kilometres (300 miles) off the coast of Newfoundland and Labrador, the discovery opens up a new frontier, one that oil majors Chevron and Royal Dutch Shell are also poised to probe. “For that region it’s certainly a significant find. Opening up a new area really lays the path down for growth in other parts of Newfoundland,” said Hugh Hopewell, senior analyst at Wood Mackenzie. While traditional drilling ventures have been overshadowed in recent years by the North American shale revolution and the booming Alberta oil sands, new frontiers like the Flemish Pass are adding to a growing consensus that the world is still flush with oil, even in areas long thought to be past their peak. Statoil’s nearby Mizzen find may contain up to 200 million barrels, and the Harpoon discovery, announced in January, is yet to be evaluated. The finds are modest compared to the multiple billions of barrels of oil now accessible thanks to horizontal drilling, hydraulic fracturing and oil sands development, but break the prevailing trend. Canada’s existing three offshore fields — clustered in the Jeanne d’Arc basin some 150 km to the southwest of the Flemish Pass basin — pumped just under 200,000 barrels per day in 2012, down from around 370,000 bpd at their peak in 2007. “When a discovery of this size is established, it’s most likely there will be others. Players in the industry who had the region on a back burner will start looking at it more seriously now,” said Fadel Gheit, oil analyst at Oppenheimer & Co. In its latest forecast the Canadian Association of Petroleum Producers (CAPP) had expected eastern Canadian production to fall to 90,000 bpd by 2030, after reaching 250,000 bpd in 2025. In the short-term, output will be aided by the 2017 start-up of ExxonMobil Corp’s Hebron field.
Canada women secure berth in 2014 FIBA World Championship
“We’ve seen hamburger chains in the past like Hardee’s and Jack In The Box realizing, ‘we can’t compete with McDonald’s and Burger King on this low-quality, cheap food – we’ve got to take it up a notch.'” Growth promotants help ranchers and feedlots raise more beef using less feed. The company has worked on its plan for 18 months, lining up suppliers in Canada, the United States and Australia. Senecal said A&W’s beef costs will climb, but it has no plans to raise burger prices. “I think we’ll get lots more customers and sell lots more burgers,” she said. But West said A&W will have to raise prices at some point to reflect its higher costs unless it’s willing to absorb a slimmer margin, which is unlikely. Canada is the world’s 11th biggest beef producer, according to U.S. Department of Agriculture data. The Canadian Cattlemen’s Association says all Canadian beef is “safe, wholesome and nutritious.” In a statement, it said Canadian ranchers have used growth promotants for more than four decades, and the products are approved by the country’s health department. “Science shows that the amount of hormone in a serving of meat from a treated animal is virtually indistinguishable from the amount of hormone in an untreated animal,” said CCA spokeswoman Gina Teel. The decision is aimed to satisfy a consumer preference, and A&W makes no claims that beef without added hormones or steroids is more healthy or nutritious, Senecal said. Meat processors have also been examining how cattle are raised. Tyson Foods Inc, the largest U.S.
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“I competed well but he played better and had more opportunities in the first set.” ‘There are things I must do better for sure tomorrow. I competed well but he played better and had more opportunities in the first set.’ – Milos Raonic Raonic, from Thornhill, Ont., recovered nicely against Gasquet after dropping the opening set with what he admitted was a less-then-perfect initial effort. The two are familiar opponents Gasquet beat Raonic in a tight U.S. Open fourth-round match lasting five sets and more than four and a half hours. Raonic took a 4-3 lead in the final set on Saturday as he saved a break point with his 19th ace and won the game with his 20th. Gasquet answered with a love game before Raonic broke him to earn victory two games later on the second of three match points. “The first set was not so much about me losing as it was about him playing well. He did a lot to win it and hardly made an unforced error,” said Raonic. “But I kept focus on my serve, which I knew was the way I was going to turn things around.” Berdych needed nearly three hours to outlast Gilles Simon of France 6-7 (5), 6-2, 7-5. Simon saved four set points in the 10th game of the first set and was down 5-3 in the tiebreaker before winning the next four points, clinching it when Berdych sent a forehand into the net. But Berdych took a 3-0 in the second and broke his opponent in the 11th game of the decider to reach his third final of the year. Raonic knows the challenge he faces in world No.
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Guelph native Natalie Achonwa, who attended Hamiltons St. Mary High School, also recorded double-digits in both categories, collecting 11 points and 10 rebounds, including a game-best five on the offensive end. Brampton, Ont. product Tamara Tatham tallied 10 points and seven rebounds. Canada out-rebounded Puerto Rico 49-23, including a 19-3 margin in offensive rebounds. The Canadians again showcased their ability to move the ball, recording 21 assists on 23 made field goals. The games statistics can be found here. Achonwa reflected with pride when asked about her summer season with the SWNT, but she knows there is still work to be done. Playing for Canada means everything to me. Its a huge honour to be a part of the national team. Qualifying today is what we came to do and it will feel great playing tomorrow with the sole objective of capturing the gold. Gaucher echoed her teammates sentiments, adding that, This is very exciting, but were not finished yet. Were going into the final focused on getting the win on getting that gold. Head coach Lisa Thomaidis of Dundas has led Team Canada to a berth in the FIBA World Championship for the first time since 1995.