David Levin, McGraw-Hill Education CEO, discusses McGraw-Hill's plans to usher in a new era of digital education. We are seeing an opportunity to improve outcomes with technology, says Levin.» Read More
TORONTO, Sept 29- TMX Group Ltd named Lou Eccleston as its new chief executive officer, the Toronto Stock Exchange operator said on Monday, after a lengthy global search to replace retiring CEO Tom Kloet. Eccleston left McGraw Hill Financial in July. Eccleston has also previously worked at Thomson Reuters Corp predecessor Thomson Financial, and at Bloomberg LP.
TORONTO, Sept 29- TMX Group Ltd named Lou Eccleston as its new chief executive officer, the Toronto Stock Exchange operator said on Monday, after a lengthy global search to replace retiring CEO Tom Kloet. Eccleston previously worked at McGraw Hill Financial, Thomson Reuters Corp predecessor Thomson Financial, and Bloomberg LP.
NEW YORK, Sept 25- A federal judge said former U.S. Treasury Secretary Timothy Geithner must give Standard& Poor's documents he used when writing his best-selling memoir, a ruling that could help S&P defend against the government's $5 billion fraud lawsuit over its credit ratings.
Sept 22- Standard& Poor's owner McGraw Hill Financial Inc said it would sell McGraw Hill Construction to a private equity firm for $320 million.
LONDON, Sept 9- The oil market's price setting agencies have avoided being linked to the kind of regulation trained on financial benchmarks, in a report by international regulators.
NEW YORK, Sept 9- Index provider Standard& Poor's and financial information services provider Markit Ltd have emerged as final bidders for Barclays Plc's index business, which could fetch more than $1 billion, according to people familiar with the matter.
NEW YORK, July 29- BP Plc, Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and heating oil.
*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.
July 28- McGraw Hill Financial Inc reported a 17 percent rise in quarterly profit, driven by growth in its ratings services due to an increase in bond issuances. Net income attributable to common shareholders rose to $292 million, or $1.06 per share, for the first quarter ended June 30, from $250 million, or 90 cents, a year earlier.
In a regulatory filing, McGraw-Hill Financial Inc said it received a "Wells notice" on July 22 indicating the SEC is weighing filing civil charges for alleged securities law violations over S&P's ratings of six commercial mortgage-backed securities transactions issued in 2011..
McGraw Hill said it received a "Wells Notice" from the U.S. Securities and Exchange Commission, alleging violations of federal securities laws by Standard& Poor's related to the ratings. S&P has been cooperating with the SEC, McGraw Hill said. McGraw Hill shares closed at $83.11 on the New York Stock Exchange on Wednesday.
NEW YORK, July 11- Barclays Plc's planned sale of its index business could yield close to $1 billion for the British bank, more than double what had been expected, according to people familiar with the matter.
A federal judge ruled that litigation accusing S&P of inflating credit ratings before the 2008 financial crisis belongs in state courts.
NEW YORK, June 3- Standard& Poor's suffered a defeat Tuesday in litigation accusing it of inflating credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. states and Washington, D.C. belong in state courts, not federal court.
NEW YORK, June 3- A federal judge ruled that lawsuits by 16 U.S. states accusing Standard& Poor's of fraudulently inflating its credit ratings belong in state courts, rejecting the McGraw Hill Financial Inc unit's argument that they should stay in federal court.
Treasury Secretary Timothy Geithner must hand over documents to Standard and Poor's relating to the ratings agency's claim that the United States sued it in retaliation for downgrading government debt.
Ira Kay, the top CEO-compensation consultant, is on a mission to defend rising executive compensation, despite outrage from shareholders.
April 29- Standard& Poor's owner McGraw Hill Financial Inc reported a 62 percent rise in quarterly profit, driven mainly by its indices business and Platts, its energy and metals information provider.
April 29- Standard& Poor's owner McGraw Hill Financial Inc reported a 62 percent rise in quarterly profit, driven mainly by strength in its financial information and indexes businesses.
*Reaffirms full-year earnings view of $3.90- $4.00/ shr. April 25- Credit rating agency Moody's Corp reported a stronger-than-expected quarterly profit, driven by higher income from its analytics unit.