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Moody's Corp

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  • 2 credit houses take no major action on Illinois Tuesday, 25 Nov 2014 | 2:35 PM ET

    SPRINGFIELD, Ill.— Two major credit houses aren't overly worried about an Illinois judge tossing out a pension overhaul designed to close a $100 billion deficit, but neither is thrilled with the state's financial condition. A day earlier, Moody's Investors Service stated that it had issued a "credit negative" rating on Illinois as a result of last Friday's court...

  • SAO PAULO, Nov 18- A graft investigation at Brazilian state-run oil company Petroleo Brasileiro SA is hurting the credit outlook for major suppliers accused of participating in the alleged bribery scheme, Moody's Investors Service said on Tuesday. Moody's downgraded its rating of Mendes Junior Trading e Engenharia SA to B3 from B2 and put a negative outlook...

  • Nov 17- Public and private U.S. colleges and universities will see the weakest tuition revenue growth in a decade in 2015, Moody's Investors Service forecast on Monday. Regional public universities and small private colleges, especially in the Northeast and Midwest, are less able to raise tuition above the rate of inflation, Moody's said in its annual tuition...

  • RIO DE JANEIRO/ SAO PAULO, Nov 14- Brazilian police arrested a former Petróleo Brasileiro SA executive on Friday, sending the state-run oil company's shares and bonds down after a widening corruption scandal forced it to delay the release of its financial results. Former engineering director Renato Duque was the second senior executive arrested at...

  • WASHINGTON, Nov 12- It is the billion-dollar question in the U.S. telecom industry: What will satellite TV mogul Charlie Ergen do with his Dish Network Corp? And the Federal Communications Commission's auction of airwaves that begins on Thursday may provide an answer. "I may be off my rocker, but I think the spectrum you have could be worth as much as the entire market...

  • TIMELINE-A history of Detroit's fiscal problems Friday, 7 Nov 2014 | 6:02 PM ET

    Nov 7- A U.S. judge on Friday confirmed Detroit's plan to exit the largest-ever municipal bankruptcy. -Detroit's descent into fiscal insolvency can be traced back to the waning days of long-time Mayor Coleman Young's administration, when the city was already deep in debt and struggling with a budget deficit. Both Young and the Michigan state treasurer raised...

  • LOS ANGELES, Nov 4- After the votes are counted for the midterm U.S. elections, cable operators will be among the big winners, nearly doubling ad sales to about $800 million, while the nation's TV station operators will see far more modest increases. In 2010, TV stations benefited from competitive gubernatorial contests in California and New York, the two largest...

  • JAKARTA, Oct 31- Indonesia's mining-to-telecoms conglomerate Bakrie Group will negotiate with creditors to restructure part of its $8 billion in debt rather than sell major assets, people familiar with its strategy say. Some creditors sued one Bakrie company in New York while a Jakarta supplier has asked an Indonesian court to supervise a debt...

  • McGraw Hill Financial Inc took a $60 million charge in the third quarter for a possible accord, which is unrelated to the U.S. Department of Justice's $5 billion lawsuit against S&P. The charge contributed to a 12 percent decline in McGraw Hill's profit from a year earlier. In July, McGraw Hill disclosed that it had received a "Wells notice" from the U.S. Securities...

  • McGraw Hill Financial Inc took a $60 million charge in the third quarter for a possible accord, which is unrelated to the U.S. Department of Justice's $5 billion lawsuit against S&P. The charge contributed to a 12 percent decline in McGraw Hill's profit from a year earlier. In July, McGraw Hill had disclosed that it had received a "Wells notice" from the U.S....

  • RIO DE JANEIRO, Oct 28- Newly re-elected President Dilma Rousseff said on Tuesday that the Brazilian economy will recover in her second term and avoid a downgrade of its credit rating. Earlier on Tuesday, a senior analyst at Moody's Investors Service said the ratings agency was in no rush to decide whether to cut Brazil's rating but could act quickly if it...

  • RIO DE JANEIRO, Oct 28- Moody's is in no "rush" to decide whether to cut Brazil's credit rating but could act quickly if it sees re-elected President Dilma Rousseff is not making significant policy changes in her second term, a senior analyst with the firm said on Tuesday. Less than two months after the ratings agency threatened to downgrade Brazil if the government...

  • NEW YORK, Oct 28- Corporate America spent part of its record $1.65 trillion cash stockpile to buy companies and their own stocks in the past three months as their confidence in the U.S. economy grew, a survey showed. They feel a bit more confident about the economy, " Jim Kaitz, president of AFP, which is based in Bethesda, Maryland said of its survey released late Monday.

  • Why many more EU banks could've failed tests Monday, 27 Oct 2014 | 7:42 PM ET
    The European Central Bank in Frankfurt, Germany

    Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds.

  • MOSCOW, Oct 24- Standard& Poor's ratings agency affirmed Russia's sovereign rating on Friday at a notch above junk status, warning a downgrade may follow if more sanctions are imposed on Moscow for its role in the Ukrainian conflict. S&P also said another cut might come if Russia's monetary policy or exchange-rate flexibility weakens. Russian Finance Minister...

  • Early Movers: F, PG, UPS, AMZN, MSFT Friday, 24 Oct 2014 | 8:44 AM ET

    Some of the names on the move ahead of the open.

  • US stock futures mildly lower as Amazon disappoints Friday, 24 Oct 2014 | 8:33 AM ET

    U.S. stock index futures are pointing to a lower open on Wall St on Friday after the first Ebola case is confirmed in New York.

  • NYC Ebola case shakes global markets Friday, 24 Oct 2014 | 6:02 AM ET

    U.S. stock index futures are pointing to a lower open on Wall St on Friday after the first Ebola case is confirmed in New York.

  • China is asserting control over local government financing by filling the gap with a huge expansion of the fledgling municipal bond market.

  • NEW YORK, Oct 20- Corporate America's cash stockpile increased to a record $1.65 trillion in mid-2014 from $1.64 trillion at the end of 2013, although the pace of growth has slowed sharply, Moody's Investors Service said on Monday. "U.S. corporate cash balances continue to grow on the back of modest economic expansion," Richard Lane, Moody's senior vice president,...