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McGraw-Hill Companies Inc. (MHFI)

- NYSE
  • Jun. 24, 2013, 2:03 PM
    The FTC reportedly has opened a formal investigation into oil-price fixing, mirroring a European inquiry into how price reporting companies such as Platts (MHFI -1.1%) help determine the cost of raw materials. The investigation probably will become a broad probe similar to the multi-jurisdictional inquiry into Libor bank manipulation.
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  • Jun. 19, 2013, 3:12 AM
    The WSJ carries an expose of how traders manipulate the spot market for oil, with Halis Bektas from Switzerland, for example, admitting that he will sell a small amount of oil at a loss to drive down the benchmark price and then buy shiploads at the lower cost. McGraw Hill Financial (MHFI) unit Platts, which sets the benchmark by relying on information that traders provide about their deals, said that it's not aware of such manipulation and that its staff are trained to ignore unusual pricing.
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  • Jun. 4, 2013, 1:20 AM
    In the first day of trading since McGraw-Hill (MHFI) announced its open offer for up to 22.23% of Crisil, India's ratings counterpart to McGraw-owned S&P, shares jumped the full 20% allowed in a single day's trading on the BSE. McGraw-Hill Financial was already the majority shareholder in Crisil but seeks to increase its stake to 75%. Once completed, the transaction, which will be financed with existing cash resources, is expected to be immediately accretive to MHFI's EPS.
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  • May 20, 2013, 10:18 PM
    "It would no doubt come as some surprise to many … that S&P's repeated assurances that its ratings were objective … were entitled to no more weight than an infomercial hawker's claim that his knife will outlast any other," the Justice Department says, referencing S&P's (MHFI) assertion that because statements about the independence of its ratings were described as "mere puffery" in a previous judgement, they can't form the basis for a lawsuit. The Justice Department asked a federal judge to allow a suit against the ratings agency to move forward Monday, after S&P filed for dismissal last month.
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  • May 14, 2013, 12:34 PM
    Add BP and Shell (RDS.A, RDS.B) to those whose offices are raided by European authorities as part of a probe into suspected anti-competitive agreements related to submission of prices to Platts (MHFI), the world's leading oil pricing agency. Even small distortions of assessed prices may have a huge impact on prices of crude oil, refined products and biofuels, the European Commission says. (earlier)
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  • May 13, 2013, 3:36 PM
    S&P Dow Jones (MHP -0.9%) announces the Supreme Court denied a petition from the International Securities Exchange to review a decision which bars it from listing options on key stock market indexes. The ruling means the CBOE (CBOE +0.9%) will remain the only market for options on the Standard & Poor's 500 Index and the Dow Jones Industrial Average.
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  • May 2, 2013, 2:53 PM
    The McGraw-Hill Companies, Inc. (MHP) declares $0.28/share quarterly dividend, in line with previous. Forward yield 2.07%. For shareholders of record May 29. Payable June 12. Ex-div date May 27. (PR)
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  • Apr. 30, 2013, 8:16 AM
    More on McGraw-Hill (MHP): Results don't include McGraw-Hill Education so the double-digit gain in sales is derived from strength in its financial businesses. The S&P Ratings Service saw sales rise 20% to $561M with more activity in structured finance. The company reiterates prior guidance for 2013 EPS of $3.10-$3.20. MHP +2.9% premarket. (PR)
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  • Apr. 30, 2013, 7:34 AM
    McGraw-Hill (MHP): Q1 EPS of $0.80 beats by $0.07. Revenue of $1.18B (+14% Y/Y) beats by $0.02B. (PR)
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  • Apr. 30, 2013, 12:05 AM
    Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS
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  • Apr. 29, 2013, 5:30 PM
    Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS
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  • Apr. 29, 2013, 8:30 AM
    Mcgraw-Hill (MHP) gains 5.2% premarket after S&P settles 2 lawsuits concerning pre-crisis ratings before letting the evidence be presented to a jury. Co-defendants in the case were Moody's (MCO) and Morgan Stanley. MS +1.8% premarket. The trial would have been a preview of the DOJ's suit against S&P.
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  • Apr. 28, 2013, 4:28 AM
    Moody's and S&P (MHP) have settled lawsuits that accused them of misleading investors about the safety of two subprime mortgage vehicles that they had rated and which collapsed as the housing market imploded. Morgan Stanely (MS), which was involved with the assets, also settled. The value of the deals wasn't disclosed, while S&P didn't admit wrongdoing. The agreements come as S&P faces a $5B DOJ lawsuit over its pre-financial crisis ratings.
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  • Apr. 22, 2013, 3:37 PM
    McGraw-Hill's (MHP +0.2%) S&P asks a federal judge to dismiss a lawsuit in which the ratings agency is accused of issuing faulty ratings. The unit claims the government's case falls apart because it can't prove analysts knowingly issued stronger ratings in order to win business.
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  • Apr. 12, 2013, 1:21 PM
    E-books sales are still growing, but not at the manic rate they once did, reports trade association AAP. After growing to account for 17% of U.S. book publisher sales in 2011 from a mere 3% in 2009, e-books made up 22.6% of 2012 sales. Altogether, U.S. trade book sales are believed to have grown 6.2% in 2012 to $7.1B, evidence the e-book transition has done more good than harm for the publishing industry (PSO, MHP, SCHL). Amazon (AMZN), with its huge share of e-book sales, can't complain, but Barnes & Noble (BKS) is arguably in a tougher spot.
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  • Apr. 10, 2013, 10:00 AM
    The latest report on short interest from Nasdaq showed a surge in bets against McGraw-Hill (MHP +0.8%). In only two weeks, short interest jumped to 13.34M shares from 6.95M shares.
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Company Description
McGraw Hill Financial Incis a benchmarks & ratings, analytics, data and research provider serving the capital, commodities and commercial markets.
Sector: Services
Country: United States