On the Call: CBS CEO Moonves explains why ‘TV Everywhere’ rights were central to TW Cable spat + MORE Nov 6th

One of the interesting insights to emerge from the monthlong standoff between CBS Corp. and Time Warner Cable Inc. this summer was that the dispute wasn’t over money.
In fact, the two sides were squabbling over digital rights — the ability for Time Warner Cable subscribers to watch CBS content on the go on mobile devices if they prove, or “authenticate,” that they are subscribers.
Such rights are known as “TV Everywhere” rights.
CEO Les Moonves clarified the company’s view of the matter on a conference call with industry analysts following the release of the company’s third quarter earnings.
QUESTION: One of the most interest things about the deal with Time Warner was that you didn’t have to give up digital authentication TV Everywhere rights even though you got a hefty price, reportedly. So why is it that you — why didn’t you kind of have a TV Everywhere authenticated product, and what are your plans to do with those exclusive authenticated rights?
RESPONSE: (Moonves) We’re open to TV authentication…

PC Financial and TD Canada Trust credit card-holders will soon be able to leave their cards at home and pay for groceries with their mobile phones. The two financial institutions say they will launch Ugo, a mobile wallet that lets users pay and collect PC Points at Loblaw-owned stores with just a tap of their Android or BlackBerry device, effective Spring 2014.

“We are excited to be teaming up with PC Financial to develop Ugo, the first collaboration of its kind between two Canadian banks,” said TD’s Teri Currie in a press release issued Wednesday. “We’re also thrilled to be able to offer one of Canada’s most popular retail loyalty programs by welcoming Loblaw as our first retail partner.”
Initially, Ugo users will only be able to load their TD Visa, PC Financial MasterCard and PC Points cards into the mobile wallet. However, eventually the plan is to allow Ugo users to add debit capabilities and bring other retailers and loyalty programs into the fold…

Raina + Wilson

Business built Canada. Seriously. From the very start companies, not politicians or aristocrats, put this country together. The Hudson’s Bay Co. Canadian Pacific Railway. They literally carved the paths that united this vast country. Together with their heirs they created the wealth that made this unlikely nation possible. And they’re still doing it today. That’s why we created the CEO of the Year Awards. Because in the 21st century, just like the 19th, the men and women leading Canadian businesses are leading Canada, too. And they deserve to be recognized for the nation builders they are.

As a magazine, we are never slow to call out poor leadership, nor should we be. But the truth is, we don’t give great leaders nearly enough praise. A good chief executive doesn’t just create value for shareholders (although they do plenty of that). They create value for the country. They offer new jobs. They improve lives with new products. They generate the wealth that makes us richer…

Canadian insurer Intact Financial Corp. has seen its latest quarterly profit cut nearly in half compared with a year ago as the insurer by losses due to major rain and hail storms in Quebec, Ontario and Alberta as well as the Lac-Mégantic tragedy.

Penn West Petroleum Ltd., a Calgary-based producer of conventional oil, says it will sell $1.5 to $2 billion of assets over the next two years to reduce its debt levels.