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Stock Market & Financial Investment News

News Breaks
April 3, 2012
05:46 EDTRIO, FTEOrange 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).
News For FTE;RIO From The Last 14 Days
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December 18, 2014
06:52 EDTRIOVale attempt to dismiss Rio Tinto suit rejected, WSJ says
Vale's (VALE) attempt to have a lawsuit filed against it by Rio Tinto (RIO) was rejected by U.S. Southern District of New York Judge Richard M. Berman, reports the Wall Street Journal. Judge Berman also rejected Vale's argument that the case should be tried in an English court, the Journal adds. Reference Link
December 15, 2014
09:31 EDTRIORio, BHP looking to raise copper output, Reuters says
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07:36 EDTRIORio Tinto shares look undervalued, says Bernstein
After iron ore prices sank 48% this year, Bernstein thinks that Rio Tinto would be resilient even if iron ore prices dropped much further. The firm believes that the market is applying a significant discount to the stock, making the shares undervalued. It has a $63.20 price target and Outperform rating on the shares.

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