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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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July 28, 2014
15:47 EDTMHFINotable companies reporting before tomorrow's open
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July 24, 2014
10:09 EDTMHFIMcGraw Hill Financial retreats after receiving Wells Notice
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06:43 EDTMHFIMcGraw Hill Financial regulatory risks look manageable, says Piper Jaffray
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July 23, 2014
17:07 EDTMHFIMcGraw Hill Financial drops 1% to $81.87 after disclosing Wells Notice
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17:06 EDTMHFIMcGraw Hill Financial receives Wells Notice from SEC
McGraw Hill Financial announced that on July 22, it received a "Wells Notice" from the SEC stating that the agency’s staff has made a preliminary determination to recommend that the Commission institute an enforcement action against Standard & Poor's Ratings Services, alleging violations of federal securities laws with respect to S&P's ratings of six commercial mortgage backed securities transactions issued in 2011, and public disclosure made by S&P regarding those ratings thereafter. In connection with the contemplated action, the staff may recommend that the SEC seek remedies that include a cease-and-desist order, disgorgement, pre-judgment interest, civil money penalties, and remedial sanctions such as revocation or suspension of S&P's NRSRO registration. McGraw Hill Financial added, "The Wells Notice is neither a formal allegation nor a finding of wrongdoing. It allows S&P the opportunity to provide its perspective and to address the issues raised by the Staff before any decision is made by the Commission on whether to authorize the commencement of an enforcement proceeding. S&P has been cooperating with the Commission in this matter and intends to continue to do so."
July 17, 2014
06:18 EDTMHFIPlatts acquires Eclipse Energy Group, terms not disclosed
Platts, a business of McGraw Hill Financial, announced that it has acquired London-based Eclipse Energy Group, a privately owned provider of data and analysis on the European gas, power and global liquefied natural gas markets. The acquisition will enable Platts to combine Eclipse Energy's analytics with Platts' pricing information to help market participants understand the impact of events and the drivers of price. Terms of the deal were not disclosed.
July 16, 2014
06:36 EDTMHFIS&P willing to reopen discussions with DOJ, WSJ reports
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