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Stock Market & Financial Investment News

News Breaks
July 23, 2014
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."
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September 22, 2014
18:01 EDTMHFIMcGraw Hill Financial to sell McGraw Hill Construction to Symphony Tech Group
McGraw Hill Financial announced it has agreed to sell McGraw Hill Construction to Symphony Technology Group, a strategic private equity firm based in Palo Alto, California, for $320M in cash. The transaction, which is expected to close during the fourth quarter, is subject to regulatory approval and customary closing conditions. In March, McGraw Hill Financial announced it was exploring strategic alternatives for McGraw Hill Construction, a leading provider of essential data, news and insights to better inform construction professionals' decisions in the United States. Evercore Partners acted as a financial advisor to McGraw Hill Financial in this transaction.
September 16, 2014
06:35 EDTMHFIMcGraw Hill Financial management to meet with FBR Capital
Meeting to be held in New York on September 18 hosted by FBR Capital.
September 11, 2014
07:14 EDTMHFIUBS to hold a conference
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September 9, 2014
11:59 EDTMHFIBarclays narrows bidders for index unit to Markit, S&P, Reuters says
Barclays (BCS) has narrowed the list of bidders for its Index, Portfolio and Risk Solutions business, which could fetch more than $1B, to Markit (MRKT) and McGraw Hill Financial's (MHFI) Standard & Poor's unit, according to Reuters, citing people familiar with the matter. MSCI (MSCI) and privately-held Bloomberg had also expressed interest, according to the report. Reference Link

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