http://www.mail.com/companies/15304-moodys-corporation.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/companies/15304-moodys-corporation.html http://www.mail.com/business/economy/2081504-elan-enters-1b-royalty-deal-with-theravance.html Irish drugmaker Elan Corp. PLC plans to pay $1 billion for the right to future royalties from four respiratory treatments being developed by Theravance Inc. and GlaxoSmithKline. The deal announced Monday will give Elan 21 percent of the future royalties that South San Francisco, Calif.-based Theravance receives from Glaxo, a British drugmaker. Theravance ... Mon, 13 May 2013 16:58:50 GMT http://www.mail.com/business/economy/2081504-elan-enters-1b-royalty-deal-with-theravance.html 2013-05-13T16:58:50Z http://www.mail.com/business/finance/2067734-australias-central-bank-cuts-rate-to-275-percent.html CANBERRA, Australia (AP) — Australia's central bank cut its key interest rate by a quarter percentage point to a record low 2.75 percent Tuesday in an effort to boost economic growth as a mining boom cools and the strong Australian dollar erodes business profits. Reserve Bank of Australia governor Glenn Stevens said in a statement following the bank's mon... Tue, 07 May 2013 06:39:08 GMT http://www.mail.com/business/finance/2067734-australias-central-bank-cuts-rate-to-275-percent.html 2013-05-07T06:39:08Z http://www.mail.com/business/economy/2054990-apple-sells-17-billion-bonds-record-deal.html NEW YORK (AP) — Apple Inc. sold $17 billion in bonds Tuesday in a record deal spurred by the company's plan to placate its frustrated shareholders. The Cupertino, Calif., company sold the bonds in its first debt issue since the 1990s to raise money to pass along to shareholders through dividend payments and stock buybacks. The payments are part of an effo... Wed, 01 May 2013 00:59:22 GMT http://www.mail.com/business/economy/2054990-apple-sells-17-billion-bonds-record-deal.html 2013-05-01T00:59:22Z http://www.mail.com/business/economy/2048960-moodys-sp-settle-lawsuits-debt-ratings.html NEW YORK (AP) — Ratings agencies Standard & Poor's, Moody's and investment bank Morgan Stanley have settled two lawsuits dating back to the financial crisis that accused them of hiding risky investments. The lawsuits from King County in Washington state and Abu Dhabi Commercial Bank claimed that the ratings agencies and Morgan Stanley hid the risk of inve... Sat, 27 Apr 2013 20:18:20 GMT http://www.mail.com/business/economy/2048960-moodys-sp-settle-lawsuits-debt-ratings.html 2013-04-27T20:18:20Z http://www.mail.com/business/economy/2031526-fitch-cuts-british-bond-rating-aaa.html LONDON (AP) — Fitch Ratings on Friday stripped the U.K. of its cherished top AAA credit score, citing a weaker economic outlook that continues to hinder the country in keeping control of its debt. Fitch becomes the second major ratings agency to downgrade its rating for the U.K. to AA+. Though Fitch said the country had fiscal financing flexibility helped... Fri, 19 Apr 2013 18:00:10 GMT http://www.mail.com/business/economy/2031526-fitch-cuts-british-bond-rating-aaa.html 2013-04-19T18:00:10Z http://www.mail.com/business/economy/2027596-german-economy-bouncing-q4-dip.html FRANKFURT, German (AP) — Germany's economy is bouncing back from a downturn at the end of last year, according to the country's leading economic research institutes. In their twice-yearly report released Thursday, the institutes said Europe's biggest economy should see growth, moderate inflation and fewer unemployed this year. Fears that market turmoil fr... Thu, 18 Apr 2013 11:23:03 GMT http://www.mail.com/business/economy/2027596-german-economy-bouncing-q4-dip.html 2013-04-18T11:23:03Z http://www.mail.com/business/economy/2020286-correction-thermo-fisher-life-technologies-story.html In an April 15 story about Thermo Fisher Inc.'s plan to buy Life Technologies Corp., The Associated Press misidentified the gender of Morningstar analyst Charlie Miller, who is a woman. The story should have referred to Miller on second reference as a "she," not "he." A corrected version of the story is below: Thermo Fisher to buy Life Technologies for $1... Wed, 17 Apr 2013 17:20:47 GMT http://www.mail.com/business/economy/2020286-correction-thermo-fisher-life-technologies-story.html 2013-04-17T17:20:47Z http://www.mail.com/business/economy/2000960-sp-uk-aaa-warns-future-rating-risk.html LONDON (AP) — Standard & Poor's rating agency says Britain's cherished AAA long-term credit rating will stay for now — but warned there was still a chance of a downgrade if the economy weakens. The move comes after fellow ratings agency Moody's downgraded its U.K.'s triple-A credit rating for the UK one notch to AA1 in February. Moody's said that sluggish... Fri, 05 Apr 2013 17:31:46 GMT http://www.mail.com/business/economy/2000960-sp-uk-aaa-warns-future-rating-risk.html 2013-04-05T17:31:46Z http://www.mail.com/business/finance/1973362-fitch-puts-uk-review-downgrade.html LONDON (AP) — Fitch placed Britain's AAA rating on review for a downgrade on Friday, a blow to the government just days after it presented an austere budget it argued would put the country on a path to recovery. Fitch Ratings said it was putting the U.K. on "rating watch negative" — indicating a heightened probability of a downgrade in the near term — and... Fri, 22 Mar 2013 18:09:51 GMT http://www.mail.com/business/finance/1973362-fitch-puts-uk-review-downgrade.html 2013-03-22T18:09:51Z http://www.mail.com/business/finance/1966716-uk-official-delivers-austere-budget.html LONDON (AP) — Britain's Treasury chief unveiled another tough budget Wednesday despite weakness in the economy that raised fears of a third recession in a little more than four years. Though he offered beer drinkers and car drivers a tax break — no doubt a popular move among some — and provided incentives for home-buyers and investments in infrastructure ... Wed, 20 Mar 2013 16:32:28 GMT http://www.mail.com/business/finance/1966716-uk-official-delivers-austere-budget.html 2013-03-20T16:32:28Z http://www.mail.com/business/finance/1937954-uks-cameron-rejects-call-economic-policy.html LONDON (AP) — British Prime Minister David Cameron on Thursday vowed to stick to austerity, rejecting calls to focus more on economic growth despite the country's recent embarrassing credit ratings downgrade. Cameron argued that the U.K. is beginning to see signs that the size of its debt is falling thanks to his government's tough spending cuts and tax i... Thu, 07 Mar 2013 16:50:15 GMT http://www.mail.com/business/finance/1937954-uks-cameron-rejects-call-economic-policy.html 2013-03-07T16:50:15Z http://www.mail.com/business/economy/1924836-pound-drops-amid-concerns-uk-economy.html The pound has hit a two-and-a-half-year low against the dollar on fears that weak manufacturing data would push Britain's central bank to inject further stimulus into the country's economy. Sterling had fallen 1.13 percent Friday to be worth $1.4997 — its first foray below $1.50 since the summer of 2010. Samuel Tombs of Capital Economics says the pound is... Fri, 01 Mar 2013 15:45:28 GMT http://www.mail.com/business/economy/1924836-pound-drops-amid-concerns-uk-economy.html 2013-03-01T15:45:28Z http://www.mail.com/business/finance/1914098-stocks-drop-italy-heads-political-disarray.html NEW YORK (AP) — Stocks are having a bad flashback to last spring, when fears about the European debt crisis sent the market spiraling lower. On Monday, election results in Italy showed a race too close to call, leaving investors fearful that the country will struggle to form a government that can move forward with reforms to revive the economy. ... Tue, 26 Feb 2013 00:46:45 GMT http://www.mail.com/business/finance/1914098-stocks-drop-italy-heads-political-disarray.html 2013-02-26T00:46:45Z http://www.mail.com/business/economy/1909196-moodys-downgrades-uk-rating-aaa-to-aa1.html LONDON (AP) — Credit ratings agency Moody's Investors Service downgraded Britain's government bond rating one notch from the top AAA to AA1 Friday, saying sluggish growth and rising debt were weakening the country's medium-term outlook. Treasury chief George Osborne said the blow only redoubled his resolve "to deliver our economic recovery plan," based on... Fri, 22 Feb 2013 23:03:10 GMT http://www.mail.com/business/economy/1909196-moodys-downgrades-uk-rating-aaa-to-aa1.html 2013-02-22T23:03:10Z http://www.mail.com/business/economy/1878304-ny-attorney-general-ratings-agencies.html ALBANY, N.Y. (AP) — New York Attorney General Eric Schneiderman has begun examining the nation's biggest credit rating agencies' compliance with agreements reached by his predecessor, Gov. Andrew Cuomo, that ended an investigation into mortgage-backed securities. The mid-2008 agreements, imposing no financial penalties, required Moody's Investors Service,... Fri, 08 Feb 2013 20:38:00 GMT http://www.mail.com/business/economy/1878304-ny-attorney-general-ratings-agencies.html 2013-02-08T20:38:00Z http://www.mail.com/business/finance/1869456-us-sues-sp-pre-crisis-mortgage-ratings.html WASHINGTON (AP) — The Obama administration on Tuesday accused Standard & Poor's of refusing to warn investors that the housing market was collapsing in 2006 because it would be bad for business. The civil charges against the credit rating agency were the administration's most aggressive action to date against those deemed responsible for contributing to t... Tue, 05 Feb 2013 22:13:00 GMT http://www.mail.com/business/finance/1869456-us-sues-sp-pre-crisis-mortgage-ratings.html 2013-02-05T22:13:00Z http://www.mail.com/business/economy/1868136-sp-expects-us-lawsuit-mortgage-ratings.html WASHINGTON (AP) — The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it improperly gave high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis. The charges would mark the first enforcement action the government has taken against a major rating agency ... Mon, 04 Feb 2013 23:44:00 GMT http://www.mail.com/business/economy/1868136-sp-expects-us-lawsuit-mortgage-ratings.html 2013-02-04T23:44:00Z http://www.mail.com/business/economy/1867320-us-stocks-close-dows-rally-to-14000.html Stocks hit a big milestone, then promptly spun off the road. Major indexes dived the most this year Monday, the first trading day after the Dow broke 14,000 and closed at its highest level since the financial crisis. The Dow Jones industrial average dropped as much as 143 points in afternoon trading. It closed down 129.71, or 0.9 percent, at 13,880.08. ... Mon, 04 Feb 2013 20:45:00 GMT http://www.mail.com/business/economy/1867320-us-stocks-close-dows-rally-to-14000.html 2013-02-04T20:45:00Z http://www.mail.com/business/finance/1862256-puerto-rico-teeters-fiscal-edge-pensions.html SAN JUAN, Puerto Rico (AP) — Office clerk Lillian Marti hopes to retire one day with a decent pension. Now, like many other employees of Puerto Rico's government, she's beginning to fear she might not get that chance. "Of course, I'm worried," said the 61-year-old, who has worked for the government for 20 years. Some experts are calling for cutting benefi... Fri, 01 Feb 2013 19:57:00 GMT http://www.mail.com/business/finance/1862256-puerto-rico-teeters-fiscal-edge-pensions.html 2013-02-01T19:57:00Z http://www.mail.com/business/finance/1846590-sp-lowers-illinois-credit-rating-blames-pensions.html CHICAGO (AP) — Illinois' already disastrous financial situation worsened Friday as another credit rating agency downgraded its rating to the worst of any state in the country, blaming lawmakers' ongoing failure to resolve a multibillion-dollar pension crisis. Standard & Poor's rating service said Friday that the rating on the state's general obligation bo... Fri, 25 Jan 2013 22:31:00 GMT http://www.mail.com/business/finance/1846590-sp-lowers-illinois-credit-rating-blames-pensions.html 2013-01-25T22:31:00Z http://www.mail.com/business/economy/1829568-morgan-stanleys-profit-surges-stock-soars.html NEW YORK (AP) — Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were weighed down by a costly legal settlement. Earnings increased sharply across the bank's business lines, and its stock jumped. Morgan Stanley's investment bank underwrote more stock and bond ... Fri, 18 Jan 2013 22:07:00 GMT http://www.mail.com/business/economy/1829568-morgan-stanleys-profit-surges-stock-soars.html 2013-01-18T22:07:00Z http://www.mail.com/business/economy/1807348-alcoa-earnings-expected-revenue-tops-forecasts.html NEW YORK (AP) — Alcoa Inc. on Tuesday reported fourth-quarter earnings that met Wall Street's expectations, and the company said it expects slightly higher demand for aluminum this year. The sluggish global economy has weakened prices for aluminum used in everything from airplanes to soda cans. But Alcoa forecast demand growing 7 percent in 2013, up from ... Tue, 08 Jan 2013 23:41:00 GMT http://www.mail.com/business/economy/1807348-alcoa-earnings-expected-revenue-tops-forecasts.html 2013-01-08T23:41:00Z http://www.mail.com/business/finance/1798354-pension-bonds-add-risk-to-public-retiree-crisis.html SACRAMENTO, Calif. (AP) — Oakland's city leaders took a risk when, rather than lay off more staff or cut services, they decided to borrow nearly $213 million to cover pension payments owed to retired city workers. They're betting that the pension fund's investments will earn more than the cost of issuing pension obligation bonds. If they're right, a finan... Thu, 03 Jan 2013 19:37:00 GMT http://www.mail.com/business/finance/1798354-pension-bonds-add-risk-to-public-retiree-crisis.html 2013-01-03T19:37:00Z http://www.mail.com/news/politics/1748540-eads-downgraded-shareholder-overhaul.html PARIS (AP) — Moody's Investor Service lowered its main credit rating for EADS, the make of Airbus plans, citing the European aerospace giant's overhaul of its ownership structure. The rating agency on Thursday lowered its rating for EADS by one notch to A2, a level which is still in the "upper-medium grade" on Moody's credit rankings. EADS on Wednesday an... Thu, 06 Dec 2012 15:21:00 GMT http://www.mail.com/news/politics/1748540-eads-downgraded-shareholder-overhaul.html 2012-12-06T15:21:00Z http://www.mail.com/scitech/health/1742876-baxter-to-buy-swedish-firm-gambro-276b-deal.html DEERFIELD, Ill. (AP) — Drug and medical device maker Baxter International plans to buy the privately held Swedish company Gambro AB for about $2.76 billion to broaden its dialysis product portfolio. Gambro makes dialysis products for patients with acute or chronic kidney disease, and Baxter said it had sales of about $1.6 billion last year. Baxter Interna... Tue, 04 Dec 2012 21:29:00 GMT http://www.mail.com/scitech/health/1742876-baxter-to-buy-swedish-firm-gambro-276b-deal.html 2012-12-04T21:29:00Z http://www.mail.com/news/world/1735626-moodys-downgrade-eurozone-bailout-fund.html BERLIN (AP) — Rating agency Moody's has stripped the eurozone's new €500 billion ($615 billion) bailout fund of its top credit rating. Moody's announced Friday to downgrade the European Stability Mechanism's long-term debt rating from AAA to Aa1, maintaining a negative outlook. The agency said its decision was driven by its earlier downgrade of France. Th... Fri, 30 Nov 2012 22:45:00 GMT http://www.mail.com/news/world/1735626-moodys-downgrade-eurozone-bailout-fund.html 2012-11-30T22:45:00Z http://www.mail.com/business/economy/1729814-moodys-cuts-hp-long-term-debt-rating-to-baa1.html NEW YORK (AP) — Moody's Investors Service on Wednesday lowered its long-term credit rating on Hewlett-Packard, saying the technology giant will have trouble increasing sales of many of its products. Moody's lowered HP's senior unsecured credit rating by one notch, to "Baa1" from "A3." The rating remains investment grade but Moody's said its outlook is neg... Wed, 28 Nov 2012 21:26:00 GMT http://www.mail.com/business/economy/1729814-moodys-cuts-hp-long-term-debt-rating-to-baa1.html 2012-11-28T21:26:00Z