Some of the names on the move ahead of the open.» Read More
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.
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.
Some of the names on the move ahead of the open.
McGraw Hill Financial is seeking out at least $100 million in cost savings and said that it's exploring strategic options for its construction unit
Doug Peterson, President of McGraw Hill Financial, explains how the company is changing its model to help investors make better financial decisions. Also Peterson shares his thoughts on the government's lawsuit.
U.S. bonds edged lower on Tuesday, ahead of the publication of more factory data.
A look at Tuesday's midday movers:
U.S. stock index futures pointed to a higher open on Tuesday, with the focus on factory order data for December.
Feb 4- Standard& Poor's owner McGraw Hill Financial Inc posted a better-than-expected quarterly profit as it earned more from its financial information and indexes businesses. The company's net income from continuing operations fell to $173 million, or 62 cents per share, in the quarter, from $190 million, or 67 cents per share, a year earlier.
The company, formerly known as McGraw-Hill Cos Inc, said net income fell to $173 million, or 62 cents per share, in the fourth quarter, from $190 million, or 67 cents per share, a year earlier.
Traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained.
Despite the chance to lock in gains, most hedge funds are standing by their bets and keeping risk on.
Shares of textbook rental company Chegg, whose staff includes a former Yahoo executive, slump in the IPO off its quoted price of $12.50 each.
The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major U.S. rating agencies.
High-flying Conatus Capital has poached talent from other leading investment managers in the last few months, including SAC and GLG.
U.S. stock index futures tread water on Tuesday, ahead of the publication of the government's delayed non-farm payrolls data for September.
Standard & Poor's on Tuesday blasted a $5 billion fraud lawsuit by the U.S. government as retaliation for its 2011 decision to strip the country of its AAA credit rating.
The U.S. commodities market regulator has subpoenaed a metals warehousing firm, as an inquiry into complaints about inflated metals prices gathers steam.
McGraw Hill Financial posted an 18 percent rise in quarterly profit as it earned more from a surge in corporate debt issuances and its Dow Jones indices.
Wary of rising rates, stock traders will keep an eye on the bond market Thursday as another wave of earnings reports roll in.