CA-BUSINESS Summary

TSX advances as energy shares, BlackBerry drive gains

TORONTO (Reuters) - Canada's main stock index closed higher on Monday, helped by gains in the energy sector and a 14 percent jump in BlackBerry shares on takeover speculation and U.S. market launch plans. BlackBerry shares gained after U.S. wireless carrier AT&T Inc said it would start selling the highly anticipated BlackBerry Z10 touchscreen smartphone to customers by March 22, with early sales of the devices to begin on Tuesday.

BlackBerry shares rally on AT&T launch, takeover hopes

TORONTO (Reuters) - BlackBerry shares rose 12 percent on Monday, fueled by takeover speculation and news that AT&T Inc will start selling the new BlackBerry Z10 touchscreen smartphone in the United States on March 22. The CEO of China's Lenovo Group Ltd told a French newspaper on Monday that the personal computer maker might consider an acquisition of Canada's BlackBerry at some point in the future.

Canadian Solar expects retroactive EU duties on solar imports

(Reuters) - Canadian Solar Inc reported a bigger-than-expected quarterly loss and said retroactive duties on China-made solar products by the European Commission could reverse a pick-up in demand for its products in the continent. The stock of the company, most of whose manufacturing operations are in China, fell 12 percent to a two-month low of $3.28 on the Nasdaq on Monday.

Aeterna Zentaris to stop late-stage cancer drug trial, shares fall

(Reuters) - Canadian drugmaker Aeterna Zentaris Inc said it would discontinue a late-stage trial of a cancer drug after an independent data safety monitoring committee said the drug was unlikely to help increase patient survival. Shares of the company fell as much as 29 percent to C$1.89 on Monday on the Toronto Stock Exchange.

Analysis: Solar trade war promises order bonanza for Taiwan

(Reuters) - Business has been booming for Taiwanese solar companies since they became the middlemen in a trade war between the United States, China and Europe over the multi-billion dollar solar power equipment market. Green Energy Technology Inc , which makes wafers used in solar cells, is receiving so many orders from Chinese firms seeking to circumvent U.S. import duties that the company is considering renting extra capacity.

Nomura to take Monte Paschi dispute to London: source

MILAN (Reuters) - Japanese bank Nomura is seeking to establish British jurisdiction for its dispute with Monte dei Paschi di Siena over risky derivatives trades, a source close to the matter said on Monday. Nomura began proceedings in one of Britain's top court on March 1, the source said, speaking on condition of anonymity. On the same day Italy's scandal-hit Monte dei Paschi filed a damages claim in a Florence court against Nomura, as well as Deutsche Bank and two former executives of Monte dei Paschi.

Tycoons to exit TNK-BP, Rosneft closing this week: sources

MOSCOW (Reuters) - Two of the tycoons who shared control of Russia's third largest oil producer with BP for much of the past decade will leave their management posts at the end of the week when their sale of the company to Rosneft is closed. Sources close to management said German Khan, a TNK-BP shareholder and the firm's de facto chief in recent years, will leave the company by Friday with Viktor Vekselberg, a metals and mining tycoon who holds a nominal senior post.

Boeing confident has permanent 787 battery fix: executive

ORLANDO, Florida (Reuters) - Boeing Co is confident that proposed changes to the 787 Dreamliner will provide a permanent solution to battery problems that grounded its newest jet, a senior executive said on Monday. The U.S. planemaker has also made significant progress in pulling together a plan to launch a revamped version of its best-selling 777 wide-body jet, Boeing Commercial Airplanes marketing vice president Randy Tinseth told a conference of aviation financiers.

Blackstone, Canadian fund buy more of Gecina's debt

PARIS (Reuters) - Investment fund Blackstone and Canadian real estate fund Ivanho? Cambridge said they had acquired 64.7 percent of the loans held by two Spanish owners of Gecina , potentially paving the way to take an equity stake in the French real estate group. Gecina, a French real estate investment trust, has been in the spotlight since two Spanish investment companies - Alteco and MAG Import - owning 31 percent of the French company filed for bankruptcy in October.

GE nominates Mary Schapiro to its board

(Reuters) - General Electric Co nominated Mary Schapiro, former chairman of the U.S. Securities and Exchange Commission, to its board. Schapiro will stand for election at the company's annual meeting of shareholders on April 24, GE said on Monday.

Source: http://news.yahoo.com/ca-business-summary-080432934--finance.html

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