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Stock Market & Financial Investment News

News Breaks
July 16, 2014
06:36 EDTMHFIS&P willing to reopen discussions with DOJ, WSJ reports
Standard & Poor's Ratings Services, part of McGraw Hill Financial, is willing to restart talks with the Department of Justice and is open to paying up to $1B to settle it, the Wall Street Journal reported, citing people familiar with the matter. The company is not currently in active talks with the DOJ, the sources say. The DOJ filed a $5B lawsuit against S&P in February 2013 accusing the agency of inflating ratings for mortgage bonds. Reference Link
News For MHFI From The Last 14 Days
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December 9, 2014
11:09 EDTMHFIMcGraw Hill Financial open to 'reasonable settlements' with DoJ and states
11:06 EDTMHFIMcGraw Hill Financial says trending to 36% margins this year
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10:34 EDTMHFIMcGraw Hill Financial backs FY14 EPs view $3.78-$3.83, consensus $3.86
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08:34 EDTMHFIMcGraw Hill Financial CMBS suspension company specific, says UBS
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December 8, 2014
15:49 EDTMHFISEC seeks to suspend S&P from rating CMBS, Bloomberg reports
In what would be the SEC's toughest action yet against a major credit rater, the commission is seeking to suspend Standard & Poor’s from rating commercial mortgage bonds, but its parent company McGraw Hill Financial remains in talks over a possible settlement, according to Bloomberg, citing a person with knowledge of the matter. Shares of McGraw Hill Financial are down 1.6% to $92.21 following Bloomberg's report. Reference Link
15:42 EDTMHFISEC seeks to suspend S&P from rating CMBS, Bloomberg says
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