Not even $3 billion could convince Snapchat's founders to go work for Facebook's Mark Zuckerberg, but it was a better week for Amazon and Apple.» Read More
Ratings agency Moody's Investors Service said Wednesday that it has changed its outlook on the U.S. life insurance industry to "Stable" from "Negative." Moody's said it expects economic growth rates to improve slowly and interest rates to continue to rise in 2014..
NEW YORK, Dec 4- Moody's Investors Service on Wednesday revised its outlook on Spain's government bond rating to stable from negative, citing a rebalancing of the country's economy. Moody's also affirmed Spain's Baa3 government bond rating. For the medium term, the outlook for Spain's economy is brighter, Moody's said.
NEW YORK-- NCR's stock dropped Tuesday as Moody's put the company's ratings on review for a possible downgrade due to its $1.65 billion Digital Insight buyout and $84 million deal for Alaric Systems Ltd.. THE SPARK: On Monday NCR Corp. announced that it was buying Digital Insight Corp., which provides online and mobile banking services.
BEIJING, Dec 2- The United States may see further sovereign rating downgrades if it fails to improve its debt service capability, although a near-term cut looks unlikely, the head of Chinese credit rating firm Dagong said.
LONDON/ FRANKFURT, Nov 27- German parties have agreed to limit the growth of renewables and reform controversial incentives for the sector by next summer in a move to slow the rise in electricity costs for households and give big utilities more time to adapt their business models.
Nov 22- More than 40 percent of U.S. public universities and nonprofit colleges face lower or anemic tuition revenue growth and declining enrollment in fiscal 2014, according to a survey released by Moody's Investors Service on Friday.
NEW YORK, Nov 15- The Dow and the S&P 500 were set for fresh record highs on Friday, buoyed by reassuring remarks by Federal Reserve chair nominee Janet Yellen that the central bank's accommodative policies would continue.
NEW YORK, Nov 15- U.S. stock index futures rose on Friday, buoyed by reassuring remarks by Federal Reserve chair nominee Janet Yellen, setting up the Dow and S&P 500 indexes for fresh record highs.
NEW YORK, Nov 15- U.S. stock index futures edged higher on Friday ahead of a batch of economic reports, setting up the Dow and S&P 500 indexes for fresh record highs. *U.S. equities rallied on Thursday, with the S&P 500 ending just 10 points away from 1,800, following a robust defense of monetary stimulus from Janet Yellen, who will take over at the helm of the U.S.
NEW YORK, Nov 14- Moody's Investors Service cut the debt ratings for four big bank holding companies, including Morgan Stanley and JPMorgan Chase& Co, citing its increasing confidence that the U.S. government will not bail out the companies if they fail.
NEW YORK/ BOSTON, Nov 14- Top U.S. hedge fund managers in the third quarter bought and sold shares of such hotly debated companies as Herbalife Ltd, J.C. Penney Co and Sotheby's. Ellington Management Group LLC, a $5.5 billion investment firm founded by Michael Vranos, took a new position in auction house Sotheby's, as did Eric Mindich's Eton Park Capital Management.
*London leads in international sukuk, but may be vulnerable. DUBAI, Nov 12- When the British government said last month it would issue its first Islamic bond, the implications went far beyond the debt market: it was a signal that London will not back down in an escalating tussle among cities for Islamic financial business.
Nov 11- U.S. municipal bonds issued by Chicago held up in light trading on Monday even as the city's debt suffered another triple-notch ratings downgrade on mounting concerns about its public pension liabilities. It also cut $497.3 million of Chicago's sales tax bonds to A-minus, and $200 million of commercial paper notes to BBB-plus.
NEW YORK, Nov 11- The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major U.S. rating agencies, accusing them of fraudulently assigning inflated ratings to securities in the run-up to the financial crisis.
NEW YORK, Nov 11- The liquidators of two failed Bear Stearns hedge funds filed a lawsuit on Monday against the three major rating agencies, accusing them of fraudulently assigning inflated ratings to securities that the funds owned.
*Boeing seeking tax incentives and new 8- year labor contract. Washington Governor Jay Inslee, a Democrat, called the session to seek roughly $8 billion in tax breaks, a streamlined permitting process for Boeing and $10 billion in funding for transportation improvements.
RIO DE JANEIRO, Nov 6- Standard& Poor's said on Wednesday it could wait until Brazil's presidential elections late in 2014 to decide whether to cut the credit rating of Latin America's largest economy.
SAO PAULO, Nov 1- Brazil faces no imminent risk of losing its sovereign investment-grade debt ratings over the next 18 months, Paulo Leme, chairman of Goldman Sachs Group Inc in Brazil, said on Friday. Brazil is rated Baa2 by Moody's Investors Service and BBB by Standard and Poor's and Fitch Ratings- the second-lowest investment-grade rating.
SAO PAULO, Nov 1- Brazil runs no risk of having its sovereign debt ratings revised down or downgraded over the next 18 months, Paulo Leme, chairman of Goldman Sachs Group Inc in Brazil, said on Friday, citing what he sees as solid economic indicators despite inflation and exchange rate volatility.
BIRMINGHAM, Ala., Oct 31- Alabama's bankrupt Jefferson County on Thursday approved a reworked settlement plan for its landmark $4.2 billion municipal bankruptcy that increases already stiff losses for Wall Street creditors by $300 million.