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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:27 EDTMCO, GLRE, MHPEinhorn says S&P suit confirms short thesis in Moody's, Bloomberg reports
Shares of ratings agency Moody's (MCO) are lower in early trade after David Einhorn of Greenlight Capital Re (GLRE) discussed his firm's short position in the stock on the Greenlight Capital Q3 earnings call. According to Bloomberg, Einhorn confirmed that his firm has a short position in both Moody's and McGraw-Hill (MHP), the parent company of S&P, and added that the DoJ suit against S&P is a negative for the ratings agencies. In morning trading, shares of Moody's fell 75c, or 1.52%, to $47.83, while shares of McGraw-Hill slid 6c to $45.96. Reference Link
News For MCO;MHP;GLRE From The Last 14 Days
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May 14, 2013
07:08 EDTMCOMoody's management to meet with Benchmark Co.
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May 13, 2013
12:59 EDTMHPS&P Dow Jones indices wins intellectual property dispute
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07:58 EDTMCO, MHPRating firms dodge an overhaul, WSJ reports
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May 9, 2013
07:12 EDTGLREGreenlight Capital's Einhorn to investors: 'Do your own work,' Reuters reports
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06:10 EDTGLREOn the Fly: Periodicals Wrap-Up
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May 7, 2013
09:40 EDTGLREGreenlight's Einhorn says stake increased Apple
David Einhorn said today on the conference call for Greenlight Capital Re (GLRE) that he increased his position in Apple (AAPL). Einhorn called Apple's decision to issue debt and return cash to shareholders as a "major step forward."

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