Winnipeg Free Press Newspaper Archives Sep 5 2015, Page 47

Low-resolution version. To view a high quality image

Start Free Trial
Winnipeg Free Press (Newspaper) - September 5, 2015, Winnipeg, Manitoba C M Y K PAGE B10 B 10 WINNIPEG FREE PRESS, SATURDAY, SEPTEMBER 5, 2015 BUSINESS winnipegfreepress. com GET YOUR TICKETS TODAY GREYCUPTICKETS. CA 204- 784- 7448 CURRENT NISSAN OWNERS QUALIFY FOR UP TO AN ADDITIONAL $ 1,000 †† LOYALTY CASH ON SELECT MODELS. OFFER ENDS SEPTEMBER 30TH. Offers available until September 30, 2015. All prices and payments plus PST and GST. All prices are for cash purchase. Bi- weekly payments calculated at 5.99% APR over 96 months OAC. Representative transaction: $ 20,498 financed at 5.99% over 96 months equals 208 equal bi- weekly payments of $ 130 with a total cost of borrowing of $ 6,542. Subvented rates as low as 0% also offered on select models in lieu of cash discount. Leasing options also available. †† The Nissan Loyalty Offer (“ Offer”) is available only to eligible customers who ( as of May, 1, 2015) lease/ leased, finance/ financed or own/ owned a 2009 or newer Nissan brand vehicle ( an “ Existing Vehicle”). Eligibility for the Offer will be determined by Nissan Canada Inc. (“ NCI”) in its sole discretion. Proof of current or previous ownership/ lease/ finance contract will be required. Offer is not transferrable or assignable, except to a co- owner/ co- leasee of the Existing Vehicle who resides within the same household as the intended recipient of the Offer. If the eligible customer elects to lease or finance a new and previously unregistered Nissan brand vehicle ( excluding NV, Fleet and daily rentals) ( an “ Eligible New Vehicle”) through NCI and Nissan Canada Financial Services Inc. ( collectively “ NCF”), then he/ she will receive a specified amount of stackable loyalty dollars up to $ 1000 ( Maxima/ Z/ Titan, Armada/ GT- R). Loyalty Dollars will be applied before taxes which means they are inclusive of all applicable taxes. See Birchwood Nissan for details. Dealer permit # 0086. 2015 NISSAN SENTRA That’s $ 3000 in Savings! 2015 NISSAN MICRA That’s a brand new car! REVVED TO MOVE The remaining 2015 Nissans are going fast. $ 14,000 GET UP TO CASH DICOUNTS ON SELECT 2015 MODELS $ 14,000 AVAILABLE ON SELECT 2015 TITANS Ó Sentra 1.8 S CVT with A/ C Stock # N15563 Micra S MT Stock # N15305 $ 20 , 498 OR $ 130 BI- WEEKLY* 2015 NISSAN JUKE That’s $ 2250 in Savings! Juke SV FWD MT Stock # N15580 $ 24 , 962 OR $ 157 BI- WEEKLY* 2015 NISSAN ROGUE On remaining in- stock Rogue! Rogue S FWD Stock # N15899 $ 23 , 368 OR $ 149 BI- WEEKLY* 2015 NISSAN ALTIMA That’s $ 3750 in Savings! Altima 2.5 S Stock # N15350 That’s $ 2500 in Savings! $ 14 , 994 OR $ 98 BI- WEEKLY* 2015 NISSAN VERSA S EXCLUSIVE BIRCHWOOD NISSAN VERSA BLOWOUT! CHECK OUT THESE CLEAROUT DEALS, EXCLUSIVELY AT BIRCHWOOD NISSAN! RECEIVE 1 YEAR OF NO- CHARGE MAINTENANCE WITH EVERY PURCHASE ONLY AT BIRCHWOOD NISSAN! At Birchwood Nissan, you get REAL payments, REAL prices, on ACTUAL vehicles in stock! Tel: 1- 888- 885- 1937 birchwoodnissan. ca P O I N T E W E S T A U TO PA R K | 50 - 3 9 6 5 P O R TA G E AV E N U E $ 17 , 918 OR $ 115 BI- WEEKLY* $ 11 , 599 OR $ 76 BI- WEEKLY* B LACKBERRY has agreed to buy Good Technology for US$ 425 million, gaining new mobile device- management customers while removing one of its competitors in that business. Good Technology, based in Sunnyvale, Calif., builds applications to help employees work securely from their personal phones. It counts all of the G7 governments and the world’s 10 largest banks and law firms among its 6,200 customers, BlackBerry said in a statement Friday. The acquisition removes a rival that had taken some of BlackBerry’s clients as more workers switched from employer- provided BlackBerrys to their own iPhones and Android devices. “ Sometimes your best defence is a good offence,” said John Butler, senior handsets analyst at Bloomberg Intelligence. “ This is good for BlackBerry in the sense that it gives them greater scale and therefore a greater ability to compete with larger rivals.” Bigger tech companies such as SAP, Microsoft and IBM Corp. can sell tools to track mobile devices at cheaper prices by bundling them in with larger software sales, Butler said. BlackBerry will bring together Good Technology’s secure emailing apps with its expertise in helping companies manage and secure thousands of connected tablets and phones, chief executive officer John Chen said on a conference call. “ BlackBerry and Good combined will raise the bar in the enterprise mobility market,” he said. “ We are expecting significant operating expense synergies.” Good Technology postponed a planned initial public offering last year because of worsening market conditions, people familiar with the matter said at the time. Selling to BlackBerry makes sense for both customers and shareholders, Good Technology CEO Christy Wyatt said in a phone interview. Earlier this month, a jury found MobileIron Inc. didn’t infringe on Good Technology’s patents and that some of those patents were invalid. That could potentially have impacted the company’s valuation, said Matt Larson, a technology patents litigation analyst with Bloomberg Intelligence. “ The litigation with MobileIron certainly called into question the enforceability of some of these patents and the underlying strength of some of their existing agreements,” he said. MobileIron’s revenue from intellectual property represented only about US$ 25 million of the US$ 200 million in yearly revenue, Chen said. “ It’s not that big of a component,” he said. BlackBerry could be in a better position to monetize Good Technology’s patents by bundling them into its existing licensing deals, Larson said. “ When you have the added clout that BlackBerry offers they may be able to bring that licensing revenue up,” he said. BlackBerry expects to book around US$ 160 million in revenue from Good Technology in the first year, after writing down some of the company’s deferred revenue, Chen said. That would help the CEO hit his goal of doubling yearly software revenue to $ 500 million by March 2016. The acquisition is expected to close later this year. — Bloomberg WASHINGTON — U. S. unemployment fell to a seven- year low of 5.1 per cent last month, but hiring slowed — a mixed bag of news that offers few clues to whether the Federal Reserve will raise rock- bottom interest rates later this month. The Labor Department report, issued Friday, was closely watched because it will be the last snapshot of the job market before the Fed meets in two weeks. And overall, it painted a picture of an economy growing at a modest but steady pace seven years after the Great Recession. But it wasn’t the unambiguous signal many on Wall Street were hoping for. The unemployment rate fell from 5.3 per cent in July to its lowest point since 2008 and is now at a level Fed officials say is consistent with a healthy economy. But employers added a moderate 173,000 jobs in August, the fewest in five months. “ Anyone hoping today’s data would clear up the timing of the Fed’s first rate hike in years will be sorely disappointed,” said Megan Greene, chief economist at John Hancock Asset Management. Nevertheless, the prospect of higher interest rates weighed heavily on the stock market Friday, with the Dow Jones industrial average plunging 272 points, or 1.7 per cent. Higher rates would most likely push up borrowing costs for mortgages and other loans for consumers and businesses, and some on Wall Street fear that could put a damper on corporate profits and the larger economy. The Fed cut the short- term rate it controls to a record low of nearly zero in December 2008 to try to stimulate growth during the Great Recession. For months, Fed officials have been saying the economy appears to be getting strong enough to tolerate the first increase in interest rates in a decade. They have signalled they might raise rates at their Sept. 16- 17 meeting. Yet other factors have clouded those predictions lately. For one thing, there are signs China’s economy, the second- largest in the world, is stumbling, which could drag down global growth. The slowdown has already caused violent swings in the financial markets that could undermine consumer confidence. Friday’s report suggested to many economists the U. S. job market, at least, has satisfied the Fed’s criteria. “ We’re well on our way to full employment if we aren’t already there,” said Carl Tannenbaum, chief economist at Northern Trust and a former Fed official. Even the slip in hiring last month may not end up as bad as it looks. August’s jobs totals are typically revised much higher in later months, because of the difficulties in adjusting the data for the end of millions of summer jobs. Also, consumer spending has been healthy and has been powering job growth at retailers, restaurants and hotels. State and local governments added 31,000 jobs in August, while health care gained 40,500. Michael Kanter, president and co- owner of Cambridge Naturals, a health- products store in Cambridge, Mass., plans to add two workers to his 20- person staff to handle increased foot traffic and sales. “ We’re seeing growth. We’re seeing opportunity. We’re definitely in a hiring mode,” he said. Still, manufacturing companies have been stumbling amid the global headwinds. They cut 17,000 jobs in August, the most since July 2013. And there are signs job growth is still not back to full health. Hourly wage growth remains sluggish. And the proportion of Americans working or looking for work is stuck at a 38- year low. — The Associated Press BlackBerry buys California rival for $ 425 million By Gerrit De Vynck and Olga Kharif GEOFF ROBINS / THE CANADIAN PRESS FILES Mixed results on U. S. job growth mean mixed views on interest rate hike By Christopher S. Rugaber TORONTO — Rogers is launching a radio program called YouTube Hits that will feature on- air appearances by some of the Internet portal’s biggest attractions from Canada. The one- hour program will be hosted each weekend by Blake Carter and Adam Wylde of Kiss 92.5 in Toronto in collaboration with YouTube Canada. It will also be on other youth- oriented Rogers stations in Ontario, Manitoba, Alberta and British Columbia. Rogers ( TSX: RCI. B) says it’s the first radio collaboration in Canada for YouTube, a division of Google and one of the Internet’s biggest draws. The weekly program will provide a rundown of music, fashion, gaming and entertainment trends and emerging talent. The first show, on Saturday, will feature four Canadian YouTube channels that have each accumulated hundreds of thousands of subscribers: Daniela Andrade, ConvosWith- 2YrOld, MakeUpByEman and Corey Vidal. — The Canadian Press YouTube on your radio B_ 10_ Sep- 05- 15_ FP_ 01. indd B10 9/ 4/ 15 6: 44: 04 PM

Search all Winnipeg, Manitoba newspaper archives

All newspaper archives for September 5, 2015

Browse