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Moody's Corp

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  • TOKYO, Jan 27- Moody's Investors Service cut Sony Corp's debt rating to junk status on Monday, highlighting challenges in its television and PC businesses and pressure on profitability at its entire core consumer electronics operation.

  • NEW YORK, Jan 22- Morgan Stanley, rebuffed late last year by Puerto Rico officials over an offer to arrange a high-cost loan of up to $2 billion for the cash-strapped commonwealth, is now trying to pique investor interest in backing the idea, according to people briefed on the matter.

  • WASHINGTON, Jan 22- The White House is not considering a financial bailout for Puerto Rico, where chronic fiscal challenges have raised the specter of a Detroit- like bankruptcy, an Obama administration official said on Wednesday. Puerto Rico already pays the highest interest rates of any big municipal bond issuer.

  • Treasury Secretary Timothy Geithner angrily warned the chairman of Standard& Poor's parent that the rating agency would be held accountable for its 2011 decision to strip the United States of its coveted "triple-A" rating, a new court filing shows.

  • Treasury Secretary Timothy Geithner angrily warned the chairman of Standard& Poor's parent that the rating agency would be held accountable for its 2011 decision to strip the United States of its coveted "triple-A" rating, a new court filing shows.

  • Jan 21- New York Governor Andrew Cuomo laid out details on Tuesday of his plan for nearly $8 billion of property tax freezes and corporate tax cuts over the next five years. Spending on Medicaid and school aid, the two biggest items in the budget, must each increase a certain amount by law every year.

  • DUBLIN, Jan 17- Moody's Investors Service upgraded Ireland to investment grade on Friday, handing the government a major post-bailout boost and opening its already sought-after debt to investors prohibited from buying junk-rated paper.

  • Jan 17- Moody's Investors Service raised Ireland's debt ratings to Baa3/P-3 from Ba1/NP, citing recent acceleration in economic growth and the government's exit from the euro bailout. Moody's also changed its outlook for the rating to positive.

  • TORONTO, Jan 14- Goldcorp Inc commenced its formal bid for Osisko Mining Corp on Tuesday, saying that it chose to proceed with the unsolicited offer after a long series of frustrated attempts to engage Osisko in discussions about a possible deal.

  • SAN JUAN, Jan 8- Puerto Rico is readying a return to the U.S. municipal bond market as early as this month after shelving plans for a much-needed capital raising in the final quarter of last year amid a vicious selloff of its bonds.

  • Why 'buy and hold' isn't all it's cracked up to be Friday, 3 Jan 2014 | 7:00 AM ET
    Traders on the floor of the New York Stock Exchange.

    Here's the problem with "buy and hold," says Stock Trader Daily's Thomas Kee: Do you have time to wait for it to pay off?

  • NEW YORK, Jan 1- If there was one lesson from this year's holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks. A lot of stores had to discount heavily to eke out a modest increase in sales, likely squeezing profit margins in the process.

  • Holiday sales between Nov. 1 and Dec. 24 rose 2.3 percent, compared with 0.7 percent a year earlier, according to data published in the MasterCard Advisors' SpendingPulse report. "It was actually a Merry Christmas for retailers," Sarah Quinlan, senior vice-president at MasterCard Advisors, told Reuters, adding that jewelry was the best-performing category.

  • ELMHURST, N.Y., Dec 23- U.S. consumers shopped less on the final weekend before Christmas despite deeper discounts, the latest sign of how difficult a season this is turning out to be for retailers. "We expect the next two weeks to pick up a lot of the slack," Topeka Capital Markets analyst Dorothy Lakner wrote in a note.

  • Dec 19- Mexico earned a higher debt rating from Standard& Poor's on Thursday and expectations of more upgrades to come could help support Mexican assets in the coming months even as the government borrows more.

  • NEW YORK/ MEXICO CITY, Dec 19- Standard& Poor's on Thursday raised its sovereign long-term foreign currency credit rating for Mexico by one notch to BBB-plus days after the country approved the biggest shake-up of its energy sector since 1938 in a bid to boost growth.

  • NEW YORK, Dec 19- Standard& Poor's on Thursday raised its sovereign long-term foreign currency credit rating for Mexico to BBB-plus from BBB, moving it higher into investment-grade territory after a series of economic reforms lifts the nation's economic prospects.

  • NEW YORK, Dec 18- The 900- plus page Volcker rule regulators released last week will not impact big bank trading revenues as much as banks had feared, said industry executives and consultants who have finally plowed through the rule. "It is fairly manageable for the banks," said David Sapin, a PricewaterhouseCoopers consultant to big banks.

  • BEIJING, Dec 16- For all the hype, Apple Inc's long-awaited iPhone agreement with China Mobile Ltd may deliver little more than a fleeting revenue jolt for the U.S. giant.

  • CHICAGO, Dec 13- The passage last week of reforms to Illinois' public pension system could signal that the legislature may soon address Chicago's pension funding problem, Moody's Investors Service said in a report released on Friday.

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