CA-BUSINESS Summary

TSX steady as BlackBerry jump offsets dip in miners

TORONTO (Reuters) - Canada's main stock index was little changed on Monday as declines in mining shares following weak economic data from China were offset by a jump in BlackBerry and gains in financials. BlackBerry shares gained nearly 10 percent 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 long-delayed devices to begin on Tuesday.

AT&T to start selling BlackBerry Z10 devices on March 22

TORONTO (Reuters) - AT&T Inc will start selling the highly anticipated BlackBerry Z10 touchscreen smartphone in the United States on March 22, the company said on Monday, sending BlackBerry shares more than 10 percent higher. BlackBerry , formerly known as Research In Motion, is hoping the new devices, already on sale in Canada, Britain and more than 20 other countries, will help it win back market share in the United States, which was once a stronghold for the smartphone industry pioneer.

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.

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.

Analysis: S&P paper trail may lead nowhere in government case

NEW YORK (Reuters) - In early 2007, as signs of distress began appearing in securities backed by residential mortgages, executives at Standard & Poor's began advising analysts responsible for rating mortgage bonds that they should put the phrase "privileged and confidential" on emails to one another. Analysts working for the McGraw Hill Cos division also were discouraged from doodling on notepads and official documents during meetings to discuss pending deals and existing ratings, several former S&P employees said.

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.

Yum China recovery remains rocky even as online anger calms

SHANGHAI (Reuters) - Chinese consumers' anger at KFC over a food safety scare has abated as the number of negative posts about the fast food chain owned by Yum Brands Inc on the country's most popular microblogging platform fell by two-thirds. China's half a billion microbloggers posted 3 million overwhelmingly negative comments about KFC in the month that began on December 18, when state media started reporting on the scare over contaminated chicken, a Reuters review of data from the Twitter-like platform Weibo shows.

Global stocks mixed on Italy, China worries; dollar steady

NEW YORK/LONDON (Reuters) - European stock prices dipped on Monday as weak economic data from China and worries about Italy following a credit downgrade undermined optimism generated by last week's strong U.S. employment report. U.S. stocks were little changed, while a measure of global equities edged higher.

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

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