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Moody's Corp

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  • Aug 26- DBRS Ltd, the privately held credit rating agency that competes with Standard& Poor's Financial Services LLC, Moody's Corp and Fitch Ratings Inc, is exploring a sale, according to people familiar with the matter.

  • SHANGHAI, Aug 25- Mongolia and China agreed a three-year bilateral currency swap arrangement for 15 billion yuan, in a deal signed last week during a visit by China's president Xi Jinping. Xi also signed 26 new deals on railroads, mining and power generation with Mongolia during a state visit that began on August 21.

  • NEW YORK, Aug 15- Coca-Cola Co's $2.15 billion wager on a stake in Monster Beverage Corp highlights the growth-starved soft drink company's embrace of deals that fall short of a full-blown merger and acquisition but allow it to test-drive potentially risky targets.

  • NEW YORK, Aug 15- Puerto Rico managed to keep its electricity flowing this week- but creditors made it clear that the crisis enveloping the island's power utility is far from over.

  • New Jersey to hold summit to rescue Atlantic City Wednesday, 13 Aug 2014 | 6:39 PM ET

    Aug 13- New Jersey Governor Chris Christie said on Wednesday he would convene a bipartisan summit in September to seek ways to rescue Atlantic City from a slump in its mainstay casino business. Atlantic City has struggled with casino closures as neighboring states have lured gamblers away.

  • Global economy’s new headwind: Gray hair Thursday, 7 Aug 2014 | 1:21 AM ET

    The number of "super-aged" societies are set to quadruple by 2020, with smaller workforces and lower household savings set to drag economic growth.

  • WASHINGTON, Aug 6- Sprint Corp's newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry, turning Brightstar, a reseller of U.S. handsets to Latin America, into a distributor valued at $2.2 billion when it was sold to Japan's SoftBank.

  • Australia central bank holds rates at 2.5% Tuesday, 5 Aug 2014 | 12:35 AM ET
    Reserve Bank of Australia (RBA) headquarters in Sydney, Australia.

    The Reserve Bank of Australia on Tuesday left interest rates steady at a record low of 2.5 percent for the 12th month, as expected.

  • CHICAGO, Aug 1- Chicago said its budget deficit was on track to shrink to just below $300 million in 2015, but a state-mandated increase in pension payments would expand gaps in the future.

  • Junk bonds plunge as chase for yield evaporates Friday, 1 Aug 2014 | 6:52 AM ET

    Ultra-low rates have spurred investors to chase yield in ever riskier corners of the bond market, but some are starting to pull out of the race.

  • Singapore's DBS posts record first-half profit Thursday, 31 Jul 2014 | 11:26 PM ET

    DBS Group Holdings said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans.

  • SINGAPORE, Aug 1- DBS Group Holdings, Singapore's biggest bank, on Friday said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans. The result meant Southeast Asia's biggest lender, which earns most of its profit from Singapore and Hong Kong, achieved a record first-half net profit of S $2.2 billion.

  • July 31- RadioShack Corp investor BlueCrest Capital Management is pushing the struggling electronics retailer to repay lenders who are blocking its plans to shut stores, Bloomberg reported. RadioShack said in March it would close 1,100 stores after reporting a huge drop in sales during the holidays.

  • RadioShack may run out of cash by Oct 2015 - Moody's Tuesday, 29 Jul 2014 | 4:47 PM ET

    July 29- RadioShack Corp may run out of cash as early as October 2015, giving the struggling electronics retailer little time to turn around its business, a Moody's Investors Service report said.

  • *Net income $1.06/ shr vs. est 99 cents/ shr. July 28- McGraw Hill Financial Inc reported a better-than-expected quarterly profit, driven by growth in its Standard& Poor's ratings unit due to a resurgent bond market. Revenue from the S&P business rose 11 percent to $664 million in the quarter, accounting for nearly half of McGraw Hill's total revenue.

  • NEW YORK, July 28- Argentina has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost. Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline, and a 30- day grace period runs out this week.

  • NEW YORK, July 25- Argentina, out of legal options to avoid paying a court-awarded $1.33 billion plus interest to holdout creditors who twice spurned a restructuring offer, has until July 30 to either pay them, negotiate a settlement or default.

  • Detroit revs up for approval of bankruptcy plan Friday, 25 Jul 2014 | 2:56 PM ET

    July 25- Detroit could be on the fast track to complete the final, crucial phase of its historic bankruptcy case, as settlements with key creditors line up and city workers and retirees demonstrate overwhelming support for cost-saving retirement benefit changes.

  • *Second-qtr adjusted earnings $1.12/ shr vs est. July 25- Credit rating agency Moody's Corp reported a higher-than-expected quarterly profit as revenue rose from its bond ratings business, and the company raised its full-year revenue growth forecast.

  • Early movers: SBUX, V, AMZN, WMT, Z, XOM & more Friday, 25 Jul 2014 | 7:44 AM ET

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