Articles about Fitch

The Register breaking news

Don't touch Sony, Panasonic's junk, says credit agency

Panasonic has a better chance than Sony of surviving the global disinterest in new consumer electronics, credit rating agency Fitch said today. Fitch downgraded the two debt-saddled firms to junk status: Panasonic's credit rating was pushed down two ranks to double-B, and Sony was nudged down three to double-B-minus. Panasonic …
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Ingram Micro gets 'negative' mark for risky Brightpoint slurp

Fitch Ratings has downgraded its outlook for Ingram Micro from stable to negative due to the "risks" the distie might face once the acquisition of Brightpoint gets the all-clear. The ratings agency revised the scoring to triple-B-minus – just a hair's breadth away from the junk bond rating of BB+ – late last week. The reason is …
Paul Kunert, 25 Jul 2012

CEO of Brit fashion bods Burberry lands Apple job for retail, online sales

Apple has drafted in the CEO of high-end Brit faux tartan fashion label Burberry to head up its global retail and online sales biz – a newly created position. It will be a different type of collection that US national Angela Ahrendts handles when she starts at Apple next spring - as senior veep and a member of Apple's executive …
Paul Kunert, 15 Oct 2013
The Register breaking news

Microsoft fingered for Nokia's bleak future

Nokia shares are down slightly today on news that ratings agency Fitch has downgraded the company's lending rating from BBB+ to BBB-. Fitch reckons the situation is bad and getting worse for the once-mighty Finnish firm. The rating agency also set the outlook for Nokia to negative. The rating impacts Nokia's long-term bonds - …
John Oates, 07 Jun 2011
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Slab-fondling e-shoppers spend more

The Wall Street Journal has found proof that e-shoppers on tablets are more likely to buy the things they see on their shiny touch screens than people looking at the same sites on traditional computers. On desktops or laptops 3 to 4 per cent of browsers viewing a shop website go on to make a purchase, but for tablets the …
Anna Leach, 29 Sep 2011
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Ingram Micro or Ireland - who would you bet on?

Credit ratings Fitch has affirmed Ingram Micro's credit rating at BBB- stable putting it just a notch or two behind that of Ireland. Which raises the question of whether you'd choose to invest in an entity that will be existing on thin air and emigration for the foreseeable future, or a computer distributor with a presence in …
Joe Fay, 22 Dec 2010
The Register breaking news

Big Blue's math shows Algorithmics worth $387m

IBM has embiggened its Software Group for the second time this week with the $387m acquisition of Algorithmics. The company is a specialist in risk analytics software, which it will cram into its ever-bulging quiver full of business analytics arrows. The deal for Algorithmics, which is based on Toronto, follows a day after Big …

Tech firm CEOs more restrained than most at limiting personal pay

If you want to see the greatest disparity between the average worker and the CEO's pay packet, America is the place to be. But while the heads of many blue-chip US firms cash in more than most, the country's technology bosses are more abstemious. Since 2010, the Securities and Exchange Commission has required publicly-traded …
Iain Thomson, 03 May 2013

Sony and Tosh gobble chips to kick start recovery

Ailing Japanese electronics giants Sony and Toshiba are set to splurge a combined total of over $US14bn (£8.7bn) on chips next year to support a range of new products they hope will turn their fortunes around, according to market watcher IHS iSuppli. The analyst revealed in its IHS Semiconductor Spend Analysis report that Sony’s …
Phil Muncaster, 06 Dec 2012
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Tech disties get clean bill of health from ratings agency

Ratings agency Fitch has given the IT distribution market a "stable outlook", predicting modest sales growth this year as corporate IT demand ticks up. The ratings agency profiled five of the major global disties for its Distribute IT: Information Technology Distributors Industry Review and Outlook report. Overall it declared …
Joe Fay, 26 Apr 2010
The Register breaking news

Winklevoss twins aim Zuckerberg case at Supreme Court

Cameron and Tyler Winklevoss, the square-jawed Ivy League twins who were dope-slapped by mean li'l Zucky in the movie The Social Network – oh, and allegedly in real life, as well – have announced that they will take their lawsuit against Zuckerberg to the US Supreme Court. The Reg's stateside readers must surely feel all warm 'n …
Rik Myslewski, 17 May 2011
The Register breaking news

Nokia CTO replaced by Professor of Karma

Rich Green is no longer Nokia's Chief Technology Officer, and is taking a leave of absence from the troubled Finnish company. The company has confirmed that Henry Tirri, a distinguished academic and research fellow at Nokia Research, will step into his shoes. Nokia said Green was on leave for personal reasons. Green, who is well …
Andrew Orlowski, 09 Jun 2011
The Register breaking news

BBC explains 'All your Twitter pics are belong to us' gaffe

Analysis There are some subjects on which giant media companies need to be ultra tippy-toe cautious. When, say, the majority owner of a satellite broadcaster uses its newspapers to lobby for a change the law, we should remember it is not a disinterested party. It may have an agenda. Similarly when the BBC covers copyright, or "net …
Andrew Orlowski, 16 Aug 2011
The Register breaking news

God particles breeding like bosons

US researchers have suggested that the elusive God particle - the Higgs boson - may actually be no less than a quintet of divine, and as yet elusive, components of the universe. The Standard Model. Source: AAAS The theoretical Higgs boson is required to give mass to the 16 other particles described by the Standard Model (see …
Lester Haines, 15 Jun 2010
The Register breaking news

Jobs cuts at Ericsson

Mobile equipment manufacturer Ericsson is closing a factory in Nynashamn, Sweden with the loss of 463 jobs. The factory makes base stations for mobile phone networks. Not everyone will lose out - 70 jobs are transferring to other centres once the factory closes. Ericsson has almost halved its workforce from a peak of over 100, …
John Oates, 22 Feb 2005
The Register breaking news

US and EC line up to kick credit ratings agencies

The Securities and Exchange Commission probe into the ratings agencies - the firms which wrongly assessed how risky certain US mortgage-backed investments were - is calling for new rules to govern how the companies operate. The SEC investigation found the agencies failed to deal with conflicts of interest because people were …
John Oates, 09 Jul 2008
The Register breaking news

They said what? Quotes of the Year

Back by popular demand, here is our Annual Hall of Stupid, leavened with a few moments of genuine wit. It's a Stephen Fry Free Zone. Almost. “The City Is A Leisuresuit For Surviving The Future” Ben Hammersley of WiReD magazine Tweets his Deepest Thorts. The Ham is now advising the Foreign and Commonwealth Office: your taxes …
Andrew Orlowski, 30 Dec 2009
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UK supercomputer probes secrets of universe

A team of theoretical particle physicists at Edinburgh University has applied some hefty computing power to one of the great unanswered questions of particle physics - why does the universe contain more matter than antimatter when, on paper at least, there should be equal amounts of both and we shouldn't exist at all. The …
Lester Haines, 07 Mar 2008
The Register breaking news

Planned Parenthood goes for anti-abortionist necks

The Planned Parenthood Federation of America (PPFA) is going for several notorious anti-abortionists necks and a famous cybersquatter in a case it has brought over nine domains it claims infringe its trademarks. The federation, which provides teenagers with sexual health information and runs abortion clinics across America, has …
Kieren McCarthy, 14 Jul 2003
The Register breaking news

Google wriggles in open voice and browser debates

Google's run-ins with the Apple/AT&T double ac over its Voice application are becoming symbols of the whole broad debates over open web models and net neutrality, and igniting debate over how carriers can survive amidst the rise of open browser-based services and mobile VoIP. Google may be a flag waver for browser usage versus …
Wireless Watch, 01 Oct 2009
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RFID promoter can't stand being tracked

It's apparently okay for RFID tag promoters to watch you apply lipstick from 750 miles away, but not for a privacy advocate to keep an eye on companies using the pesky technology. Yes, the cloak and dagger operations of consumer trackers have come under the microscope and it's not to the liking of Frontline Solutions. The …
Ashlee Vance, 30 Sep 2004
The Register breaking news

Original thinking in a derivatives market

Analysis At some point in the latter decades of the 20th century, someone sat down and thought: wouldn't it be nice if all the money in the world was controlled by scientists rather than accountants and nice chaps from Eton? Now, as we march headlong into the 21st century, full of sub-prime fallout, to a decent approximation, what we're …
Dominic Connor, 07 Sep 2007
The Register breaking news

Golden Palace to sponsor Robert Mugabe?

Competition results Thanks very much to all of those many readers who sent in suggestions as to how online gambling outfit GoldenPalace.com might increase its brand frontage in the wake of its greatest stunt to date: tattooing its name onto a woman's face. Tricky, you might think, to top such a media-friendly piece of disfigurement, but rest …
Lester Haines, 22 Jul 2005