Hints and tips:
...“We’ve now 86’d McConnell, McCarthy McDaniel....
...Visitors can feast their eyes on scripts, historic photos and posters, and costumes including Lena Horne’s glamorously gold sequinned evening gown from 1943’s Stormy Weather....
...“Mochi is really bubbling up now,” says Mathilda Motte, founder of high-end Parisian mochi shop La Maison du Mochi. “In France, we’re seeing shops open in Aix, Lille, Bordeaux and Paris.”...
...Who cares if Joan Crawford is outclassed in 1962’s What Ever Happened to Baby Jane? That’s the film’s point, isn’t it?...
...Raymond McDaniel, Moody’s chief executive, acknowledged at a conference this week that there could be higher US taxes “post election”....
...The outstanding value of stripped Treasury bonds has risen $28.7bn this year to $278.6bn, already exceeding 2017’s full-year increase of $25.1bn, according to data from the US Treasury....
...First, the survival of Moody’s and Standard & Poor’s (now known as S&P Global Ratings)....
...The S&P 500 has fallen from a cyclically-adjusted price/earnings multiple of 34 to 31, still more than double the long-term average....
...Rival rating agency S&P Global Ratings, has already settled over similar allegations, paying out $1.5bn....
...Consultants and insurers in the US are predicting more buyouts in large part because of the rising costs of paying into the PBGC, which they say can run into tens of millions of dollars a year for an S&P...
...Analysts say that last month’s stock market slump — which marked the worst start to the year for the S&P 500 for more than a decade — was a test for a fledgling industry that has lured dozens of start-ups...
...“[It] feels a lot like we’ve seen this movie before,” Mr McDaniel said....
...The DoJ action this week raised questions as to why S&P was being targeted and not Moody’s....
...Markets, said the results vindicated bulls – including himself – who see the company as a “toll collector” in the fixed income market, because bond issuers feel they need to buy a rating from it or rival S&...
...Fitch and S&P make a similar point....
...with such transactions”, it says, and the letter to Mr Peterson asks whether S&P took into consideration MF Global’s January 2011 decision to replace its chief risk officer....
...The results echo those earlier this week of S&P, which is part of media group McGraw-Hill....
...Even after Moody’s and S&P adjusted those models, documents show they declined to re-evaluate the riskiest products, largely at the behest of the banks....
...Ann McDaniel, managing director of Newsweek, told staff “there’s likely a better home for Newsweek, one which offers synergies and opportunities not currently offered by The Washington Post Company“, but...
...Staff at Moody’s and S&P described a fraught relationship with investment banks, which put pressure on the agencies to deliver triple A ratings....
...McDaniel Chairman and Chief Executive Officer Moody’s Corporation Testimony (PDF) Brian M....
...“Potential conflicts exist, regardless of who pays,” Moody’s Mr McDaniel told the Senate committee. The pressure on the agencies is growing, however....
...Continued McDaniel: Moody’s has struggled for years with this dilemma… For the most part, we hand the dilemma off to the team MDs to solve....
...The Moody’s results echo those released by McGraw-Hill, the parent of S&P, which this week also beat analysts’ expectations....
...Edward Stourton is a presenter on Radio 4’s ‘Today’. His new book, ‘It’s a PC World’, is published by Hodder & Stoughton on November 13, £14.99....
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