UPDATE: Raymond James Upgrades McGraw-Hill (MHP) to Strong Buy
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/25/2026
- Nasdaq lags on angst over AI spending ahead of earnings reports
- Elon Musk’s trillion-dollar meltdown: How SpaceX and Tesla erased $700 billion
- Intel jumps 10% after AI-fueled quarter crushes estimates, upbeat outlook
- Oil falls on report China pushing for end US-Iran war
- Why Meta, Microsoft, and Nvidia are championing open-weight AI
- AMD (AMD) PT Raised to $1,250 at Baird
- Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say
- FDA approves Tylenol with Naproxen as first OTC combo pain reliever
- Outlook Therapeutics (OTLK) halted, news pending
- Nasdaq lags on angst over AI spending ahead of earnings reports
Raymond James Upgrades Moody's Corp (MCO) to Strong Buy
February 6, 2013 7:50 AM ESTRaymond James upgraded Moody's Corp (NYSE: MCO) from Outperform to Strong Buy with a price target of $55.00 following recent sell-off on DoJ suit versus McGraw-Hill (NYSE: MHP) S&P unit.
For an analyst ratings summary... More
U.S. DoJ Files Civil Suit Against S&P Ratings Services Over RMBS, CDO Fraud
February 5, 2013 11:15 AM ESTAttorney General Eric Holder announced today that the Department of Justice has filed a civil lawsuit against the credit rating agency Standard & Poors Ratings Services -- of McGraw-Hill (NYSE: MHP) -- alleging that S&P engaged in a scheme to defraud investors in structured financial products known as Residential Mortgage-Backed Securities (RMBS) and Collateralized Debt Obligations (CDOs). The lawsuit alleges that investors, many of them federally insured financial institutions, lost billions of dollars on CDOs for which S&P issued inflated ratings that misrepresented the securities true credit risks. The complaint also alleges... More
McGraw-Hill (MHP) Moves Off Lows, Lawyer Suggests U.S. Politically Motivated
February 5, 2013 10:30 AM ESTThe McGraw-Hill Companies, Inc. (NYSE: MHP) is moving off the lows of the day after the company's attorney Floyd Abrams made comments on CNBC about the DoJ lawsuit.
Abrams said while no one knows if the DoJ is politically motivated, he notes... More
McGraw-Hill (MHP) Punished for Second Day in Row on DoJ Civil Suit
February 5, 2013 10:17 AM ESTShares of McGraw-Hill (NYSE: MHP) are lower for the second day in a row Tuesday after the U.S. Justice Department (DoJ)filed a civil suit against the company, accusing it and its Standard & Poor's rating agency of fraud. The company's two-day declined now... More
McGraw-Hill (MHP) Slammed on Civil DoJ Litigation; Moody's (MCO) Down in Sympathy
February 4, 2013 3:52 PM ESTMcGraw-Hill Cos. (NYSE: MHP) continues under heavy pressure into the close amid news the Civil Division of the DOJ has informed the Company that it intends to file a civil lawsuit against S&P focusing on its ratings in 2007 of certain U.S. collateralized debt... More
Standard & Poor's Issues Offiical Statement on Pending DoJ Litigation
February 4, 2013 2:42 PM ESTStandard & Poor's Rating Services ("S&P"), a subsidiary of The McGraw-Hill Companies, Inc. (NYSE: MHP) today disclosed that the Civil Division of the United States Department of Justice ("DOJ") has informed the Company that it intends to file a civil lawsuit against S&P focusing on its ratings in 2007 of certain U.S. collateralized debt obligations ("CDOs"):
"A DOJ lawsuit would be entirely without factual or legal merit. It would disregard the central facts that S&P reviewed the same subprime mortgage data as the rest of the market including U.S. Government... More
S&P Says DoJ Plans Civil Suit on CDO Ratings; May Have Wanted 10-Figure Settlement - CNBC
February 4, 2013 2:35 PM ESTMcGraw-Hill Cos. (NYSE: MHP) S&P is out with a response following reports that it might be subject of a civil lawsuit over ratings on mortgage-backed securities (MBS) into the financial crisis of 2008.
Catherine Mathis said the Justice Department... More
U.S. Justice Dept. May File Civil Suit Against S&P Over MBS Ratings (MHP) (MCO)
February 4, 2013 2:25 PM ESTMcGraw-Hill (NYSE: MHP) is ticking lower on the session Monday amid reports that regulators might still be looking to press charges with its ratings unit over mortgage-backed securities (MBS) ratings.
According to the WSJ, the U.S. Justice Department may file civil charges against Standard & Poor's Ratings... More
McGraw-Hill (MHP) Weaker as S&P Faces Civil Charges over Bond Ratings
February 4, 2013 1:28 PM ESTThe McGraw-Hill Companies, Inc. (NYSE: MHP) is seeing weakness (-1.8%) mid-day on reports U.S., state prosecutors plan civil charges against its unit S&P over its mortgage-bond rating model, according to the WSJ.
Moody's Corp. (NYSE: MCO) is also lower (-1.2%).... More
