The Securities and Exchange Commission is pushing to suspend Standard & Poor's from rating commercial mortgage bonds, according to a report.» Read More
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.
Ira Kay, the top CEO-compensation consultant, is on a mission to defend rising executive compensation, despite outrage from shareholders.
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.
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.