Standard & Poor's Ratings Services is nearing a settlement with regulators over how the company graded real-estate bonds.» Read More
BOSTON-- Shares of MSCI Inc. plunged in afternoon trading Tuesday after a key index-licensing customer, Vanguard Group, said that some of its mutual funds will drop MSCI as the provider of market benchmarks that the funds track.
--Group 1 Automotive Inc.' s credit measures, in our opinion, have the potential for continued modest improvement in the year ahead. --We are revising our' BB' rating outlook on Group 1 to positive from stable. Rating Action On Oct. 2, 2012, Standard& Poor's Ratings Services revised its rating outlook on Houston- based automotive retailer Group 1 Automotive Inc..
LAS VEGAS-- It doesn't look like Congress will pass Internet gambling regulatory laws this year, the head of the industry's main lobbying group said Tuesday, as he cast online wagering hosted by sites overseas as one of the biggest threats to the casino industry in the United States.
Deval Patrick's administration has announced more than $600 million in capital investments in the University of Massachusetts system.
BERLIN, N.H.-- Mitt Romney is a part-time resident of this tiny state, and his fiscally conservative, socially moderate tenure as governor of neighboring Massachusetts once seemed a good match for New Hampshire's independent and libertarian-leaning electorate.
Qatar has placed orders for 60 Dreamliners- 30 firm and an option for 30 more- and selected General Electric Co's new-generation GEnx engine for the aircraft. "We have informed Boeing that we will not take delivery until the 787 s have the new modified shaft," said Baker, who has often been outspoken about planemakers Airbus and Boeing and other industry issues.
DALLAS-- American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating. Separately an American flight on Tuesday from Chicago to London was diverted to Shannon Airport in Ireland after a report of smoke in the cabin.
HONOLULU-- Hawaii has set minimum standards for health care insurance plans that can be sold in Hawaii under new federal guidelines. Abercrombie says the minimums will help Hawaii lead the nationwide health care transition. Hawaii is among the states that bet correctly that the U.S. Supreme Court would uphold Obama's law.
NEW YORK-- ArQule Inc. stock lost more than half its value in Tuesday trading after the company said it stopped a clinical trial of its cancer drug tivantinib because the therapy was not improving survival in lung cancer patients.
BOSTON, Oct 2- The $50 billion Massachusetts state pension fund returned 1.27 percent in August, narrowly beating its benchmark on strong performance from global stock funds, according to a monthly report released on Tuesday. His base annual pay will be increased to $295,000 from $245,000.
BOSTON-- Vanguard Group is trying to bolster its appeal to cost-conscious investors by reducing a key expense of investing in low-cost index mutual funds: fees paid to firms that license benchmarks covering segments of the stock market that the funds track.
Oct 2- A federal panel may tag American International Group Inc as "too big to fail," a move the company has been expecting and one that would sharply increase regulatory oversight of the government-rescued insurer.
DENVER-- Republican presidential candidate Mitt Romney says he would honor temporary work permits for young illegal immigrants who were allowed to stay in the U.S. because of an executive order signed this summer by President Barack Obama.
BOSTON, Oct 2- There are steps you can take to improve your presentation, even in midstream, says Harvard Business Review. The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org. Any opinions expressed are not endorsed by Reuters.
Oct 2- A U.S. federal panel may tag American International Group Inc as "too big to fail," a move the company has been expecting and one that would sharply increase regulatory oversight of the government-rescued insurer.
NEW YORK-- Electronic payments processor Global Payments said Tuesday that it has completed its $413 million acquisition of smaller client Accelerated Payment Technologies. Global Payments Inc. announced the deal in August. Global Payments shares finished at $41.79 on Monday.
Oct 2- LPL Financial LLC, the largest U.S. independent broker-dealer by revenue, said on Tuesday it landed San Diego- based independent advisory firm Washington Wealth Management LLC with $750 million in client assets.
LAS VEGAS-- Brick-and-mortar casinos are opening in Ohio and Illinois. Voters in Oregon, Rhode Island and Maryland will vote on gambling initiatives Nov. 6.
BOSTON-- A monthly index measuring confidence among Massachusetts employers has slipped a bit after showing improvement for two consecutive months.