LinkedIn, the world's biggest professional social network, will probably pursue an initial public offering some time but not in the near future, co-founder and executive chairman Reid Hoffman told Reuters.
Friday, 20 Nov 2009 | Source: The Associated Press
The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for lucrative fees, losing at least $457 million for five Ohio public employee pension and retirement funds, the state's attorney general alleged in a lawsuit filed Friday.
Thursday, 19 Nov 2009 | Source: The Associated Press
European Union regulators on Thursday said they have charged U.S. credit ratings agency Standard & Poor's with monopoly abuse, alleging that the company unfairly demands payment for securities information numbers in databases.
The European Commission has accused credit-rating agency Standard & Poor's of unfair pricing when charging licensing fees for issuing International Securities Identification Numbers, or ID codes for securities.
McGraw-Hill is committed to its Standard & Poor's unit, and welcomes tougher regulation aimed at further transparency and accountability in the credit ratings industry, its chairman said on Wednesday.
Stocks struggled Tuesday as energy stocks rose along with oil prices. But consumer-discretionary stocks dragged on the market after a disappointing consumer-confidence report.
Tuesday, 27 Oct 2009 | Posted By:
Dennis Kneale | Source: CNBC.com
The move by Bloomberg LP to buy out the red-ink-stained wretches and assets of BusinessWeek reveals some painful truths about the ailing print media industry its future. If it has one.
The much-anticipated deal has been done: McGraw Hill announced Tuesday afternoon that it will sell the 80-year-old weekly magazine to Bloomberg... Read More