S&P Global Inc.(SPGI)- NYSE
  • Mar. 29, 2012, 6:48 PM
    E-book sales are surging ... especially among the young. Trade group AAP estimates U.S. sales of children and young adult e-books hit 22.6M in January, up over 5x Y/Y. Adult e-book sales rose 49% over this time to 99.5M. Publishers such as PSO, SCHL, and MHP can't complain about any cannibalization of traditional books that's occurring, not with overall trade sales rising 27% Y/Y.
    | Mar. 29, 2012, 6:48 PM
  • Mar. 22, 2012, 12:41 PM

    The ESMA, the EU's markets watchdog, finds several shortcomings in the "Big 3" ratings agencies during an examination of Moody's (MCO), S&P (MHP) and Fitch (FMLCF.PK), including a lack of transparency, and sets out areas for improvement. The ESMA hasn't yet determined whether the agencies have broken any rules.

    | Mar. 22, 2012, 12:41 PM
  • Mar. 13, 2012, 5:59 PM

    More from IDC: In spite of new competition from cheap tablets, the firm believes e-reader shipments hit 10.7M in Q4 (+65% Y/Y), spurred by price cuts and growing shipments outside of North America. The figure suggests the e-book market is well-positioned to follow up its heady 2011 growth with a strong 2012.

    | Mar. 13, 2012, 5:59 PM
  • Mar. 8, 2012, 5:41 PM

    Amazon (AMZN) could be the big winner from the DOJ's suit against Apple (AAPL) and 5 top publishers, says Jeff Roberts. The suit could once more grant Amazon the power to determine e-book pricing, which means it could aggressively price them to boost Kindle demand. However, publishers would lose if consumers become accustomed to lower e-book prices, thereby threatening their high margins. As for Apple, the issue is a sideshow.

    | Mar. 8, 2012, 5:41 PM | 6 Comments
  • Mar. 6, 2012, 9:45 AM
    After S&P (MHP -0.6%) held up a $1.5B deal by Goldman Sachs and Citigroup last year, those banks and the other big players have been turning to rival credit rating firms to rate commercial mortgage bonds, Bloomberg reports. S&P has "suffered an extraordinary loss of credibility... that will take time and some restructuring to repair.”
    | Mar. 6, 2012, 9:45 AM
  • Feb. 28, 2012, 12:23 PM
    S&P (MHP) was late to the party yet again with its declaration that Greece is in “selective default,” Barry Ritholtz writes. In reality, Greece defaulted quite some time ago: "This nonsensical dance of the rating agencies not wanting to roil the waters during difficult periods reveals how meaningless [they] have become…  They are without purpose."
    | Feb. 28, 2012, 12:23 PM | 1 Comment
  • Feb. 27, 2012, 6:02 PM

    Publisher e-book revenues rose 117.3% in 2011, claims trade association AAP, while adding sales of print titles fell sharply. E-book growth fell towards the end of the year, but still came in at 72% for December, buoyed by Amazon's (AMZN) Kindle refresh. Publishers such as MHP and PSO probably aren't complaining much, given e-books often bring with them higher gross profits than print alternatives. (previously)

    | Feb. 27, 2012, 6:02 PM
  • Feb. 1, 2012, 10:24 AM

    U.S. lawmakers plan to introduce a measure that would force credit-rating firms to affirm the accuracy of their views every quarter, arguing that more frequent ratings would help sound the alarm sooner on potential problems. A House hearing tomorrow will include appearances by executives from S&P (MHP) and Moody's (MCO).

    | Feb. 1, 2012, 10:24 AM | 4 Comments
  • Jan. 31, 2012, 12:55 PM

    McGraw-Hill (MHP -1.4%) dips after its Q4 misses revenue estimates. Profit jumped 39% Y/Y as sales increased for nearly all business units, including its long-struggling education arm, and due to a $74M gain related to the sale of its broadcasting group. However, credit-market volatility offset much of those gains, resulting in an 8% drop in adjusted operating profit.

    | Jan. 31, 2012, 12:55 PM
  • Jan. 31, 2012, 7:19 AM
    McGraw-Hill (MHP): Q4 EPS of $0.63 beats by $0.06. Revenue of $1.5B (+2% Y/Y) misses by $50M. (PR)
    | Jan. 31, 2012, 7:19 AM
  • Jan. 31, 2012, 12:05 AM
    Notable earnings before Tuesday's open: ADM, AMG, ARMH, AVY, BIIB, CE, CIT, CNH, DHR, ETR, GNTX, HP, HRS, ITW, LLL, LLY, LXK, MAT, MHP, MPC, NRGY, OSK, PCAR, PFE, PNR, TLAB, TYC, UPS, VLO, WDR, X, XOM
    | Jan. 31, 2012, 12:05 AM
  • Jan. 30, 2012, 5:30 PM
    Notable earnings before Tuesday's open: ADM, ARMH, AVY, BIID, CE, CIT, DHR, ETR, HP, ITW, LLY, MAT, MHP, MPC, NRGY, PCAR, PFE, TLAB, TYC, UPS, VLO, WDR, X, XOM
    | Jan. 30, 2012, 5:30 PM
  • Jan. 25, 2012, 1:16 PM
    Illinois' Attorney General sues S&P (MHP +1.0%) over its alleged complicity in giving high ratings to mortgage-backed investments that failed. The suit details a pattern at S&P of doling out favorable ratings in order to please clients and increase revenue at parent McGraw-Hill.
    | Jan. 25, 2012, 1:16 PM | 1 Comment
  • Jan. 24, 2012, 11:42 AM

    Prosecutors in Trani in Italy add Fitch (FMLCF.PK) to an investigation into alleged market manipulation by ratings agencies following their negative reports about the country. The probe already included S&P (MHP) and Moody's (MCO), and was extended to Fitch after it warned of a 2-notch downgrade for Italy.

    | Jan. 24, 2012, 11:42 AM | 7 Comments
  • Jan. 23, 2012, 9:53 AM

    Apple's (AAPL) digital textbook initiative is off to a decent start, claims Global Equities Research; the firm estimates over 350K textbooks have been sold thus far. Like McGraw-Hill (MHP - previously), Global Equities doesn't expect a $15/book price tag to hurt publisher profits, thanks to a lack of reselling, and far lower production and distribution costs.

    | Jan. 23, 2012, 9:53 AM
  • Jan. 20, 2012, 2:04 PM

    Though McGraw-Hill (MHP) is officially supporting Apple's (AAPL) digital textbook initiative, the publishing giant thinks information-tracking and assessment features need to be added for the platform to reach its potential, and also has concerns about the ability of U.S. schools to finance iPad purchases. However, McGraw-Hill is quite comfortable with the $15/book price set by Apple.

    | Jan. 20, 2012, 2:04 PM | 16 Comments
Company Description
S&P Global, Inc. is a content and analytics provider serving the capital, commodities and commercial markets. The capital markets include asset managers, banks, exchanges, issuers and financial advisors; the commodities markets include producers, traders and intermediaries within energy, metals,... More
Sector: Services
Country: United States