Orange wins global networking and security contract with Rio Tinto International mining group Rio Tinto (RIO) has awarded Orange Business Services a five-year contract to deliver global networking and security services to more than 280 Rio Tinto sites around the world. The services support users in both global offices as well as remote mining locations such as Canga East in Guinea, Ulaanbaatar in Mongolia and Almaty in Kazakhstan. This new contract will consolidate IT infrastructure, enhance network performance and further integrate global resources cost effectively. Building on a 10-year working partnership between the two companies, this contract will allow further consolidation of IT infrastructure and services while addressing developing business requirements and improving agility and flexibility. Orange Business Services is a unit of France Telecom (FTE).
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.