About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre.» Read More
PROVIDENCE, R.I.— Rhode Island will face "extremely difficult" budget choices if it loses the court challenges to its pension overhaul, a prominent bond agency warned following the collapse of a proposed settlement.
District Judge David Carter in Santa Ana, California, nonetheless gave S&P, a unit of McGraw Hill Financial Inc, access to evidence that the lawsuit may have been in retaliation for the agency's Aug. 5, 2011 decision to lower the U.S. credit rating to "AA-plus" from "triple-A."
April 15- A federal judge on Tuesday rejected a request by Standard& Poor's to split up the U.S. government's $5 billion lawsuit accusing it of lying about its credit ratings, paving the way for a single trial in the civil fraud case.
DETROIT— Shares of General Motors Co. sank to a 10- month low Friday amid continuing fallout from a mishandled recall of 2.6 million small cars. The stock fell $1.37, or 4.1 percent, to close at $31.93, with most of the decline in the middle of the afternoon.
BOSTON, April 9- Templeton Global Bond Fund manager Michael Hasenstab, who has a multibillion-dollar bet on Ukraine bonds, says he is confident the country can flourish over the next decade and that the international community can put together a reform package to solve any short-term liquidity and solvency issues.
BOSTON, April 9- Templeton Global Bond Fund manager Michael Hasenstab, who has a multibillion-dollar bet on Ukraine bonds, expressed confidence in newly released commentary that the country can flourish over the next decade and the international community can put together a reform package to solve any short-term liquidity and solvency issues.
LARES, Puerto Rico, April 9- Mattress maker Angel Lopez is both a problem and an opportunity for the Puerto Rican government. The Lopez dilemma is playing out across Puerto Rico, which is a U.S. territory in the Caribbean.
CHICAGO, April 8- A bill aimed at boosting funding for two of Chicago's retirement systems breezed through the Democrat-controlled Illinois House and Senate on Tuesday and now heads to Governor Pat Quinn, who has not yet taken a position on the measure.
Last month, S&P proposed holding two trials, with the first focused on just 17 securities out of the roughly 160 at issue, where Citigroup Inc was alleged to have suffered losses.
LONDON, April 7- A decision by Glencore Xstrata to abandon the sale of it Peruvian copper mine Las Bambas would likely enhance the long-term growth of the mining group, but could put its credit rating under pressure, Moody's Investors Service said.
HOUSTON/ NEW YORK, April 6- High-yielding energy partnerships have lured billions in capital from investors in the past few years and the returns have often matched or beaten expectations.
BEIJING, April 3- China's rating agencies are likely to keep a long-held assumption of government bailouts built into most ratings despite the country's first domestic bond defaults and warnings from Beijing that there is no blanket guarantee of support.
CHICAGO, April 1- Chicago Mayor Rahm Emanuel proposed raising property taxes and reducing retirement benefits for some city workers in order to ease a severe pension funding problem, according to details of the plan released by his office on Tuesday. Chicago warned that the two systems face insolvency within nine to 17 years.
CHICAGO, April 1- Facing a growing pension funding problem, Chicago Mayor Rahm Emanuel proposed raising property taxes and reducing retiree benefits for some city workers, according to local newspaper reports on Tuesday.
March 28- Moody's Investors Service on Friday placed Russia's government bond rating of' Baa1' on review for a downgrade as the conflict with Ukraine weighs on the country's economic outlook.
In a court filing on Tuesday, the McGraw Hill Financial Inc unit proposed holding a trial in two phases, with the first focusing on just the 17 securities where Citigroup Inc is alleged to have suffered losses.
SPRINGFIELD, Ill., March 26- In an effort to keep the state budget afloat, Illinois Governor Pat Quinn on Wednesday proposed making permanent a once-temporary hike in the state's income tax, a key issue in the 2014 gubernatorial election campaign,.
March 26- Standard& Poor's asked a federal judge to split up the U.S. government's $5 billion civil fraud lawsuit accusing it of lying about its credit ratings, saying it would be unfair to have to defend against a case of such "unmanageable scope" all at once.
BRASILIA, March 24- Standard& Poor's cut Brazil's sovereign debt rating closer to speculative territory on Monday in a blow to President Dilma Rousseff, whose efforts to stir the economy from a years-long slump have eroded the country's finances. Brazil had its long-term debt rating downgraded to BBB minus, the agency's lowest investment-grade rating.
*Genting Singapore, Paradise also planning casino complexes. SEOUL/ HONG KONG, March 18- Caesars Entertainment Corp looks set to build its first gaming resort in Asia after South Korea granted preliminary approval for a large-scale foreigners-only casino- a key boost for a company that has largely missed out on the region's boom in gambling revenues.