Piper Jaffray Cuts Price Target on McGraw Hill Financial (MHFI) to $114 Following 2Q EPS Beat
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Standard & Poor's Ratings Services Names Holly Kulka Global Chief Compliance Officer
July 27, 2015 12:00 PM EDTNEW YORK, July 27, 2015 /PRNewswire/ -- Standard & Poor's Ratings Services announced today the appointment of Holly Kulka as Global Chief Compliance Officer. Based in New York, Ms. Kulka will report to Neeraj Sahai, President of Standard & Poor's Ratings Services, and Robert Easton, Senior Vice President & Chief Compliance Officer of McGraw Hill Financial, Inc. and will be a member of Standard & Poor's Ratings Services' Executive Committee.
In this role, Ms. Kulka will work with senior leadership to uphold the highest standards with regard to all relevant laws and regulations, as well as with internal policies and industry... More
McGraw Hill Financial Reports Second Quarter Results
July 27, 2015 7:31 AM EDTNEW YORK, July 27, 2015 /PRNewswire/ -- McGraw Hill Financial, Inc. (NYSE: MHFI) today reported second quarter 2015 results with revenue of $1.34 billion, an increase of 3% compared to the same period last year. Net income and diluted earnings per share from continuing operations were $353 million and $1.28, respectively.
Adjusted net income from continuing operations increased 17% to $335 million and adjusted diluted earnings per share from continuing operations increased 17% to $1.21. The adjustments in the second quarter of 2015, which netted to a gain, were primarily related to insurance recoveries related to legal settlements, additional... More
McGraw Hill Financial to Acquire SNL Financial
July 27, 2015 7:30 AM EDTNEW YORK, July 27, 2015 /PRNewswire/ -- McGraw Hill Financial (NYSE: MHFI) today announced that it has signed a definitive agreement to acquire SNL Financial for approximately $2.225 billion in cash. The economic impact to McGraw Hill Financial will be partially offset by tax benefits with an estimated present value of approximately $550 million resulting from the transaction. SNL is privately held by an affiliate of New Mountain Capital LLC and current and former members of SNL management.
SNL's deep product experience and rich sets of data, analytics and research in... More
J.D. Power and LMC Automotive Report: New-Vehicle Retail Sales SAAR in July to Hit 14 Million, Highest Level for the Month in a Decade
July 24, 2015 12:00 PM EDTWESTLAKE VILLAGE, Calif., July 24, 2015 /PRNewswire/ -- The U.S. new-vehicle retail seasonally adjusted annualized selling rate (SAAR) in July is expected to reach 14.0 million units, its highest level for the month since 2005, according to a monthly sales forecast from J.D. Power and LMC Automotive.
Retail Light-Vehicle SalesThe new-vehicle retail SAAR in July is nearly 500,000 units higher than July 2014 and is the strongest July since 2005 when the... More
