Sherrill notes

RSS
Oct 13

TEXT-Fitch determining Spanish structured finance counterparty exposure to Cajamar rtng


Fitch has contacted the respective Gestoras (trustees) involved in order to obtain initial feedback with regards to any expected remedial actions following Cajamar’s downgrade. Affected deals will be reviewed considering the effect of any proposed remedial actions.Deals in which Cajamar acts as counterparty include:Reinvestment account providerIM Cajamar Empresas 1, FTATDA Cajamar 2, FTASwap counterpartyIM Cajamar Empresas 3, FTAIM Cajamar 5, FTAIM Cajamar 6, FTA

Posted 7 months ago

68 notes

TEXTFitch, determining, Spanish, structured, finance, counterparty, exposure, to, Cajamar, rtng,

Oct 12

UPDATE 1-WSJ Europe publisher quits in ethics flap


* Andrew Langhoff became publisher in 2009 (New throughout)By Robert MacMillan and Yinka AdegokeOct 11 (Reuters) - The publisher of the Wall Street Journal’s European edition quit over ethical issues raised by the newspaper’s relationship with a Dutch consultancy.The resignation of Andrew Langhoff comes as News Corp, the paper’s parent company, fights accusations of misbehavior in a UK telephone hacking scandal.The nature of the relationship was unclear, but News Corp’s Dow Jones unit said on Tuesday that the issue related to two articles involving the Dutch firm, the Executive Learning Partnership (ELP).The agreement between the paper and the firm, now expired, was not disclosed to readers of the articles, the Journal said in a note attached to the articles on its website.”The impetus for writing the article was the agreement, but the reporting and writing were solely the responsibility of the News Department with no input or review prior to publication by the Circulation Department or ELP,” the note said.”However, any action that creates an impression that news coverage can be influenced by commercial interests is a breach of the ethical standards of Dow Jones & Co,” it said.Langhoff resigned because the publisher “has the ultimate responsibility for this matter,” Dow Jones said in a separate statement.The Journal, in an article on its website on Tuesday, said an internal investigation had found that Langhoff personally pressured two reporters into writing articles featuring ELP.Dow Jones has been fighting accusations of ethical violations tied to phone hacking at its News of the World newspaper in London. Those allegations, which have led to a number of arrests, have prompted critics to demand the resignation of Chairman and Chief Executive Rupert Murdoch and other executives, including his son James.One of the Wall Street Journal Europe articles, which ran in October 2010, is called “A New Leaf: Beyond personal use, businesses are waking up to the possibilities of social media.” (r.reuters.com/fyd44s)The article relies on a poll conducted by ELP and features interviews with two ELP executives, including Rien van Lent, identified by the Journal as ELP’s chief executive.FORMER DOW JONES PUBLISHERELP’s website says van Lent worked for Dow Jones as publisher of the Wall Street Journal Europe and head of Dow Jones’s European newspaper, Internet and conference activities. He then joined Amsterdam’s Telegraaf Media Group in 2006, before News Corp bought Dow Jones.He and another ELP official did not respond to email messages seeking comment.Another article, which ran in March 2011, (r.reuters.com/dyd44s) is headlined “Investing in women: Men still dominate boardrooms, but more women at the top could boost returns.” The article is a question-and-answer interview with an ELP partner.A Dow Jones spokeswoman declined to comment on whether Langhoff was aware of or blessed the arrangement, when and why the arrangement ended, or how the ethics issue reached the attention of Dow Jones and News Corp officials.Langhoff, who became publisher of WSJ Europe in January 2009, based in London, also was the chief executive of Ottaway, a Dow Jones unit that publishes several local U.S. newspapers. He did not return an email message seeking comment.Dow Jones competes with Thomson Reuters.

Posted 7 months ago

UPDATE, 1WSJ, Europe, publisher, quits, in, ethics, flap,

Oct 12

UPDATE 3-BlackBerry problems hit four continents


LONDON Oct 11 (Reuters) - A series of failures in Research In Motion’s private network has disrupted BlackBerry service to millions of customers across four continents.Extensive delays hit Europe, the Middle East, Africa and India on Monday and the problems spread to Brazil, Chile and Argentina on Tuesday.”The messaging and browsing delays being experienced … were caused by a core switch failure within RIM’s infrastructure,” the company said in a emailed update late on Tuesday afternoon in Toronto.RIM’s BlackBerry service has long been prized by executives and politicians who rely on its security and reliability to deliver email and other messaging to mobile workers.The Canadian company manages this service via servers parked within enterprises and hooked up to a proprietary network carried by wireless operators.”Although the system is designed to failover to a back-up switch, the failover did not function as previously tested,” RIM said.Failover refers to the automatic switching of service to a standby server in the case of a failure of a main system.RIM hosts a number of network operating centres, including one at its headquarters in Waterloo, Ontario, and another in southern England, which manage the massive amounts of data that flow through its system.RIM said it was now working to clear a large backlog of data and restore service as quickly as possible.”We apologize for any inconvenience and we will continue to keep you informed,” it said.RIM had earlier said it had resolved problems disrupting its services in Europe, the Middle East and Africa (EMEA).The outages are just another headache for RIM, which is losing ground in the corporate email market it once took for granted as employees increasingly push to use their personal devices, typically Apple’s iPhones and iPads, and to a lesser extent devices using Google’s Android software, in the workplace.It is also facing calls from some investors for a break-up, sale or change of management following recent dismal results and a lacklustre reception of its PlayBook tablet computer, designed to challenge Apple’s iPad.”The current situation with the BlackBerry outages couldn’t come at a worse time for RIM, following some harsh criticism in recent months,” Informa Telecoms & Media analyst Malik Saadi said in a statement.”Some businesses may see this as a good reason to re-evaluate their reliance on centralized servers and instead look to investing in more corporately controlled servers.”Not only would this enable IT departments to minimize the risk of unforeseen collapses, but it could also give employees more flexibility to use their own devices.”Network operators and users in EMEA tweeted that email and BlackBerry Messenger services were not working from around 1100 GMT. Network operator T-Mobile said on its website that the problems were due to a European-wide outage on the BlackBerry network.It said: “RIM has apologized for the interruption to services and said it’s working to restore normal operations.”Earlier, RIM said it had restored BlackBerry services in the region, some 20 hours after users in EMEA and India first reported problems with email and BlackBerry Messenger.In its latest update, RIM did not say when it expected the outage to be fully resolved.

Posted 7 months ago

UPDATE, 3BlackBerry, problems, hit, four, continents,