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By Edvard Pettersson, Bloomberg |
February 5, 2013
McGraw-Hill Cos. and its Standard & Poor’s unit were sued by the U.S. over claims S&P knowingly understated the credit risks of bonds and derivatives that were central to the worst financial crisis since the Great Depression.
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By Matt Robinson and Phil Mattingly |
February 4, 2013
McGraw-Hill Cos. tumbled the most in 25 years as the parent of Standard & Poor’s said it expects to be sued by the U.S. over inflated mortgage-bond rankings.
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By Phil Mattingly and Matt Robinson, Bloomberg |
February 4, 2013
The U.S. Justice Department intends to file a civil lawsuit against Standard & Poor’s based on ratings in 2007 of certain collateralized debt obligations, the company said today.
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By Liz Capo McCormick and Cordell Eddings, Bloomberg |
January 28, 2013
Treasury 10-year note yields touched 2% for the first time since April as orders for durable goods in the U.S. rose more than forecast, another signal the U.S. economic recovery may be strengthening.
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By Adam Ewing and Kasper Viita, Bloomberg |
January 24, 2013
Nokia Oyj will skip a dividend for the first time in at least 143 years as the struggling Finnish mobile-phone maker retains cash for its comeback attempt.
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By John Detrixhe and Joseph Ciolli, Bloomberg |
January 16, 2013
The yen strengthened against the dollar for a second day after its 5.7% drop over the past month prompted criticism from leaders around the world that recent exchange-rate moves have been excessive.
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By Rita Nazareth and Sarah Pringle, Bloomberg |
January 15, 2013
U.S. stocks rose, rebounding from earlier losses in the Standard & Poor’s 500 Index, as a rally in retail and transportation stocks overshadowed concern about talks on raising the debt ceiling.
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By Emma Charlton, Bloomberg |
January 15, 2013
Fitch Ratings said its AAA credit rankings on France, the U.S. and the U.K. are likely to come under pressure this year due to slow economic growth and high debt levels.
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By John Detrixhe and Joseph Ciolli, Bloomberg |
January 11, 2013
The yen reached the weakest since June 2010 versus the dollar after Japanese Prime Minister Shinzo Abe’s government said it will spend 10.3 trillion yen ($116 billion) in new stimulus efforts that tend to weaken a currency.
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By Craig Trudell and Keith Naughton, Bloomberg |
January 10, 2013
Ford Motor Co., the second-largest U.S. automaker, doubled its quarterly dividend to 10 cents a share after record profit margins boosted its cash.
