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McGraw Hill Financial

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  • NEW YORK— Oil prices rose initially on news of the death of Saudi Arabia's powerful King Abdullah, but the increase was moderate and short-lived. The benchmark U.S. crude futures contract rose more than $2 a barrel in the hours after the king's death was announced Thursday evening in New York. Brent crude, an international benchmark, was up 80 cents to $49.32 a...

  • NEW YORK— Oil prices rose on the news of the death of Saudi Arabia's King Abdullah Thursday, but the king's death is not expected to change the course of oil prices over the next several months. Saudi Arabia occupies a unique position in world oil markets because it is one of the world's biggest producers, it has the strongest voice within OPEC as its largest...

  • An SEC official said he expected more enforcement activity in the future. In Wednesday's settlement, the SEC said S&P agreed to pay $58 million to settle three matters with the agency plus $19 million to settle parallel cases with the attorneys general of New York and Massachusetts. Unlike the Justice Department case, the charges brought by the SEC involve...

  • S&P settles with SEC, 2 states over misconduct charges Wednesday, 21 Jan 2015 | 9:40 AM ET

    The agreement requires S&P to pay more than $58 million to the Securities and Exchange Commission, $12 million to New York and $7 million to Massachusetts. "These settlements involve findings of intentional fraud in 2011 and 2012, well after the financial crisis," said Andrew Ceresney, director of the SEC's enforcement division, on a call with reporters.

  • The lawsuit, filed in federal court in Manhattan, comes three months after McGraw Hill took a $60 million charge and said it was in talks to resolve an SEC probe into its ratings for six commercial mortgage-backed securities transactions issued in 2011.. Duka, who left S&P in 2012, said she received a "Wells notice" in November indicating she might face an SEC...

  • WASHINGTON/ NEW YORK, Jan 13- Standard and Poor's is expected to pay just over $1 billion to settle lawsuits from the U.S. government and several states that had accused the McGraw Hill Financial Inc unit of inflating credit ratings on toxic assets before the 2008 financial crisis, according to a person familiar with the matter. The Justice Department case, filed...

  • NEW YORK— Stocks swung from gains to losses and almost back again on Tuesday. The outlook for global growth also remains fuzzy as the U.S. recovery continues, but economies in Europe and Asia struggle. Even though stock market volatility has picked up at the start of the year, investors should remain calm, said Janet Dougherty, a global investment specialist in...

  • S&P deal on mortgage bond ratings near: Report Friday, 26 Dec 2014 | 6:52 AM ET

    Standard & Poor's Ratings Services is nearing a settlement with regulators over how the company graded real-estate bonds.

  • S&P nears settlement on real-estate bond ratings - WSJ Thursday, 25 Dec 2014 | 10:34 PM ET

    Dec 25- Standard& Poor's Ratings Services is nearing a settlement with regulators over their investigation of how the company graded real-estate bonds, the Wall Street Journal reported, citing people familiar with the matter. The proposed deal, which could be reached as early as next month, is a joint settlement with the Securities and Exchange Commission, New...

  • Dec 22- Carlyle Group LP and Warburg Pincus LLC said they would buy DBRS Ltd, the world's fourth-largest credit rating agency, in partnership with a consortium of Canadian investors including the firm's founder. DBRS has a 2 percent share of the ratings market dominated by McGraw Hill Financial Inc- owned Standard& Poor's Financial Services LLC, Moody's Corp and...

  • Dec 12- Hearst Corp said it will raise its stake in global credit rating agency Fitch Group to 80 percent from 50 percent in a deal valued at about $2 billion as the media giant diversifies away from its newspaper foundations. Paris- based Fimalac, which is selling the stake to Hearst, will retain a 20 percent interest in Fitch, the third-biggest rating agency behind...

  • Bearish Chinese bets fuel iron ore rout Tuesday, 2 Dec 2014 | 6:37 PM ET
    Trucks at an iron ore mine

    A halving in the price of iron ore this year has been fueled in part by Chinese speculators who built up huge short positions on the one-year-old futures contract.

  • SINGAPORE, Dec 3- A halving in the price of iron ore this year has been fuelled in part by Chinese speculators who built up huge short positions on the one-year-old futures contract on the Dalian exchange, in the process giving China the pricing power it has long craved. Analysts say its clout on iron ore could become even greater if, as proposed, it lets foreigners...

  • McGraw Hill Financial Inc took a $60 million charge in the third quarter for a possible accord, which is unrelated to the U.S. Department of Justice's $5 billion lawsuit against S&P. The charge contributed to a 12 percent decline in McGraw Hill's profit from a year earlier. In July, McGraw Hill disclosed that it had received a "Wells notice" from the U.S. Securities...

  • McGraw Hill Financial Inc took a $60 million charge in the third quarter for a possible accord, which is unrelated to the U.S. Department of Justice's $5 billion lawsuit against S&P. The charge contributed to a 12 percent decline in McGraw Hill's profit from a year earlier. In July, McGraw Hill had disclosed that it had received a "Wells notice" from the U.S....

  • S&P in settlement talks over mortgage securities Wednesday, 29 Oct 2014 | 10:01 AM ET
    A flag with the McGraw-Hill Cos. logo flies in front of the company's headquarters in New York.

    McGraw Hill said its S.&P. unit was in "active discussions" with federal and state regulators on a possible settlement. NY Times Reports.

  • LONDON, Oct 28- BP said on Tuesday it was told by the U.S. Federal Trade Commission it was closing its probe into anticompetitive practices in oil price reporting and assessment, but other regulators were still investigating. European Commission officials in May 2013 raided the offices of oil majors BP, Shell and Statoil as part of a probe into suspected...

  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • UPDATE 1-Canada's TMX names Lou Eccleston as CEO Monday, 29 Sep 2014 | 6:14 PM ET

    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.