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Stock Market & Financial Investment News

News Breaks
July 2, 2014
16:11 EDTMHFI, QTSQTS Realty acquires data center, forms strategic partnership with Atos
QTS Realty Trust (QTS) has completed the acquisition of a data center facility in East Windsor, New Jersey, from McGraw Hill Financial (MHFI), for approximately $75Mn, and has formed a new strategic partnership with Atos. In connection with the purchase of the McGraw Hill Financial data center, QTS has also signed a 10-year lease, plus a 15-year extension option, with Atos, a leading international information technology services company headquartered in Bezos, France. Under this arrangement, QTS will provide Atos with its custom data center offering as well as its new QTS Critical Facilities Management service, which leverages QTS' expertise in data center management and services to run data center facilities for enterprise customers. Atos will package QTS' C1 and CFM services with their own comprehensive IT outsourcing service offering for McGraw Hill Financial, who will continue to locate their data center needs in the New Jersey facility.
News For QTS;MHFI From The Last 14 Days
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January 28, 2015
11:05 EDTMHFIS&P nears $1.37B settlement with states, DOJ, WSJ reports
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10:34 EDTMHFIS&P nearing $1.37B settlement with states and DOJ, DJ reports
Dow Jones cites sources, who say a settlement could be announced as soon as tomorrow.
January 21, 2015
11:02 EDTMHFIS&P near to $1.4B settlement on subprime ratings probe, Bloomberg says
S&P may settle subprime mortgage suits as early as next week, added Bloomberg. The S&P settlement is separate from the SEC probe into CMBS, according to Bloomberg.
10:58 EDTMHFIS&P near to $1.4B settlement on subprime ratings probe, Bloomberg says
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09:12 EDTMHFIS&P Ratings Services reaches settlements with SEC, Attorney Generals of NY, Mass
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09:08 EDTMHFINew York AG joins SEC in settlement with Standard and Poor's
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09:07 EDTMHFIS&P to pay $58M to settle SEC charges
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09:06 EDTMHFISEC announces charges against S&P for fraudulent ratings misconduct
The Securities and Exchange Commission announced a series of federal securities law violations by Standard & Poorís Ratings Services involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities. S&P agreed to pay more than $58M to settle the SECís charges, plus an additional $19M to settle parallel cases announced by the New York Attorney Generalís office -- $12M -- and the Massachusetts Attorney Generalís office -- $7M. The SEC issued three orders instituting settled administrative proceedings against S&P. One order, in which S&P made certain admissions, addressed S&Pís practices in its conduit fusion CMBS ratings methodology. S&Pís public disclosures affirmatively misrepresented that it was using one approach when it actually used a different methodology in 2011 to rate six conduit fusion CMBS transactions and issue preliminary ratings on two more transactions. As part of this settlement, S&P agreed to take a one-year timeout from rating conduit fusion CMBS. In a separate order instituting a litigated administrative proceeding, the SEC Enforcement Division alleges that the former head of S&Pís CMBS Group fraudulently misrepresented the manner in which the firm calculated a critical aspect of certain CMBS ratings in 2011. Barbara Duka allegedly instituted the shift to more issuer-friendly ratings criteria, and the firm failed to properly disclose the less rigorous methodology. The matter against Duka will be scheduled for a public hearing before an administrative law judge for proceedings to adjudicate the Enforcement Divisionís allegations and determine what, if any, remedial actions are appropriate.
09:05 EDTMHFISEC announves charges against S&P for fraudulent ratings misconduct
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January 20, 2015
15:29 EDTMHFIS&P may pay $1.5B to U.S to settle ratings issue, Reuters says
S&P in talks with U.S. Justice department and individual states over mortgage ratings, Reuters added.
14:43 EDTMHFIS&P said to be banned by SEC on rating some CMBSs for year, Bloomberg reports
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14:16 EDTMHFIS&P said to be banned by SEC on rating some CMBSs for year, Bloomberg reports
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