Closing Bell TSX closes up BlackBerry plunges as Fairfax revises investment proposal

TORONTO — The Toronto stock market registered a minor gain Monday amid a huge plunge in BlackBerry (TSX:BB) shares after its largest shareholder said it won’t be taking the tech company private.Here are the closing numbersTSX — 13,361.73 +24.27 0.18%S&P 500 — 1,767.93 +6.29 0.36%Dow — 15,639.12 +23.57 0.15%Nasdaq — 3,936.59 +14.55 0.37%The S&P/TSX composite index rose 24.27 points to 13,361.73 led by gains in beaten-down mining stocks.U.S. indexes also racked up small gains as traders hoped that a heavy slate of economic data coming out this week will offer some clues about when the Federal Reserve will start to wind up stimulus that has supported a strong rally on stock markets.BlackBerry shares tumbled $1.34 or 16.56% to $6.75, its lowest level in a decade, after Fairfax Financial (TSX:FFH) said it will lead a group that will inject US$1 billion into the smartphone company. BlackBerry will stay as a public company. “The fact that the share price is so depressed is really, again, a reflection of the fact there is very little confidence at this point in the story from the market in terms of BlackBerry’s ability to really turn things around in short order,” said Craig Fehr, a Canadian markets specialist at Edward Jones in St. Louis.“It’s going to be more of a show-me story. BlackBerry is going to have to prove that their new strategy is viable.”Fairfax had announced in late September that it would lead a consortium to pay US$9 per share for BlackBerry, a proposed deal that was subject to many conditions.Under this new arrangement, Thorsten Heins will be replaced as BlackBerry CEO on an interim basis by John Chen, who will also be the chairman of the BlackBerry board.The Canadian dollar rose 0.09 of a cent to 95.99 cents US.New York’s Dow Jones industrials climbed 23.57 points to 15,639.12, the Nasdaq was up 14.55 points to 3,936.59 and the S&P 500 index added 6.29 points to 1,767.93.The most important data of the week comes out Friday — October employment data for Canada and the U.S.Economists looked for Canadian job creation to come in at a modest 10,000 with an uptick in the jobless rate from 6.9% to 7%.In the U.S., job creation is expected to come in at only 125,000 for October while the unemployment rate is forecast to rise 0.1 of a point to 7.3%. Analysts say the numbers will be affected by the partial U.S. government shutdown of last month since the data would include private sector workers who were laid off.“Without question, the headline number itself will be less critical because it is going to be distorted by the government shutdown to some degree,” added Fehr.“But I think the broader trend is what the market is going to latch onto.”On Thursday, the U.S. government will release the first look at third quarter economic growth. Gross domestic product was expected to rise by an annualized rate of 1.9%, down from 2.5% in the second quarter, partly because of the uncertainty caused by brinkmanship in Washington over extending the government’s borrowing limit.On Tuesday, the Institute for Supply Management releases its latest snapshot of the American service sector, which is expected to show slightly slower expansion. The ISM index is expected to come in at 54, down from 54.4 in September.The communique from last week’s meeting of the Federal Reserve left the impression that the central bank could decide to start winding up its $85 billion in monthly asset purchases as soon as December.Gold stocks led TSX gainers as December bullion moved ahead $1.50 to US$1,314.70 an ounce. The gold index was up just over 3% as Kinross Gold (TSX:K) moved up 24 cents to C$5.24 while Goldcorp (TSX:G) improved by 75 cents to $26.09.The base metals sector also provided major support, ahead 1.17% while December copper lost five cents to US$3.25 a pound. Lundin Mining (TSX:LUN) rose 17 cents to C$4.78 and Teck Resources (TSX:TCK.B) was up 37 cents to $28.57.BlackBerry pushed the TSX tech sector down 2.3%. But elsewhere in the sector, Celestica (TSX:CLS) rose 26 cents to $11.52.December crude on the New York Mercantile Exchange gained a penny to US$94.62 a barrel and the energy sector was slightly lower.Meanwhile, investors will take in plenty of earnings reports this week including WestJet (TSX:WJA) on Tuesday, pipeline company Enbridge (TSX:ENB) and auto parts giant Magna International (TSX:MGA) on Wednesday. Thursday is the heaviest day for earnings as traders will hear from Tim Hortons (TSX:THI), BCE (TSX:BCE), Canadian Tire (TSX:CTC.A), Canadian Natural Resources (TSX:CNQ) and insurance giants Sun Life Financial (TSX:SLF), Manulife Financial (TSX:MFC) and Great West Lifeco (TSX:GWO). TOP STORIES‘I’ve seen this movie before’: BlackBerry’s interim chief no stranger to turnaroundsBlackBerry shares will plunge to US$3, analyst says as sale plans cancelledSAC Capital to plead guilty in insider trading case, pay US$1.8-billionVancouver home sales climbing, prices stalledWHAT’S ON DECK TUESDAYECONOMIC NEWSUNITED STATES10 a.m.Non-manufacturing ISM index (Oct): Economists are expecting a reading of 54, about the same as last month CORPORATE NEWSUNITED STATESDelphi Automotive PLC Q3 earnings: Analysts expect 94¢ a share FirstEnergy Q3 earnings: Analysts expect 92¢ Twenty-First Century Fox Inc Q1 earnings: Analysts expect 35¢ IntercontinentalExchange, Inc. Q3 earnings: Analysts expect US$1.82 The Mosaic Company Q3 earnings: Analysts expect 56¢ Sempra Energy Q3 earnings: Analysts expect US$1.24 CANADAAgrium Incorporated Q3 earnings: Analysts expect 56¢ a share Allied Nevada Gold Corp Q3 earnings: Analysts expect 5¢ Cineplex Inc Q3 earnings: Analysts expect 49¢ Enbridge Income Fund Q3 earnings: Analysts expect 38¢ Endeavour Silver Corp Q3 earnings: Analysts expect 1¢ Fortuna Silver Mines Inc Q3 earnings: Analysts expect 2¢ Franco-nevada Corp Q3 earnings: Analysts expect 20¢ Iamgold Corporation Q3 earnings: Analysts expect 5¢ Indigo Books & Music Inc Q3 earnings: Analysts expect a loss of 18¢ Ritchie Bros Auctioneers Inc Q3 earnings: Analysts expect 10¢ Transcanada Corp Q3 earnings: Analysts expect 58¢ Westjet Airlines Ltd Q3 earnings: Analysts expect 47¢ read more

Girl 13 who died of brain aneurysm saved record number of lives

first_img“Jemima was lovely – clever, funny, compassionate and creative – and we feel sure she would be very proud of her legacy.”According to NHS Blood and Transplant, 457 people died waiting for a transplant last year, including 14 children.There are currently 6,414 people on the transplant waiting list, including 176 children.Anthony Clarkson, NHS Blood and Transplant’s assistant director of organ donation and transplantation, said: “Every donor is special and Jemima’s unique story shows the extraordinary difference a few words can make.”Hundreds of people are still dying unnecessarily waiting for a transplant because too many families say no to organ donation.”Please tell your family you want to donate, and if you are unsure, ask yourself: if you needed a transplant would you accept one? If so, shouldn’t you be prepared to donate?” A 13-year-old girl who died of a brain aneurysm saved a record number of lives by donating her organs.Jemima Layzell, who died in March 2012 at Bristol Royal Hospital for Children, is the only recorded donor in the UK whose solid organs have been transplanted into eight different people, NHS Blood and Transplant data shows.The discovery was made after staff began trawling records for donors who had helped the most people.A typical donation usually results in 2.6 transplants.Jemima, from Horton in Somerset, was a pupil at Taunton School. She collapsed as her family prepared a party for her mother’s 38th birthday. She died four days later. Everyone wants their child to be special and unique and this among other things makes us very proudSophy Layzell, Jemima’s mother Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. In total, eight of her organs were donated – her heart, small bowel, pancreas, both kidneys, both lungs, and her liver was split and transplanted into two people.The eight different recipients included five children from different parts of the country.Her mother, Sophy Layzell, 43, a drama tutor, said: “We knew Jemima was willing to be a donor following a conversation about it a couple of weeks before her unexpected death.”The conversation was prompted by the death of someone we knew in a crash. They were on the register but their organs couldn’t be donated because of the circumstances of their death. Jemima Layzell (right) with her sister Amelia Mrs Layzell said: “Shortly after Jemima died, we watched a programme about children awaiting heart transplants and being fitted with Berlin Hearts in Great Ormond Street Hospital.”It affirmed for us that saying ‘no’ would have been denying eight other people the chance for life, especially over Jemima’s heart, which Harvey had felt uncomfortable about donating at the time.”We feel it’s very important for families to talk about organ donation. Every parent’s instinct is to say no, as we are programmed to protect our child. It’s only with prior knowledge of Jemima’s agreement that we were able to say yes. Jemima Layzell (right) with her sister AmeliaCredit: PA “Jemima had never heard of organ donation before and found it a little bit unsettling but totally understood the importance of it.”We found the decision to donate Jemima’s organs hard but we both felt it was right and we knew she was in favour of donation.”We had no idea Jemima was the only person whose organs were transplanted into eight different people until NHS Blood and Transplant told us.”Everyone wants their child to be special and unique and this among other things makes us very proud.”Jemima’s father, Harvey Layzell, 49, the managing director of a building firm, had initially felt unsure about donating her heart.last_img read more