Below are some of the key general calls we are looking at in early pre-market trading: Anglogold (NYSE: AU) downgraded to Neutral from Buy at UBS. Cephalon (NASDAQ: CEPH) downgraded to Underperform…
Moody’s (MCO) wants to replace its old ratings system, which used letter grades, with a new one which will use numbers. It also wants to put "warning labels" on securities like CDOs…
Douglas A. McIntyre Truckers led the drop after a fake $100 oil print and after a YRC Worldwide (NASDAQ: YRCW) acquisition write-down, pulling down Arkansas Best (NASDAQ: ABFS) and others. With no surprise, airlines followed…
We have been pretty critical of the ratings agencies not being on their toes and calling on things far too late. In fact, I have been an anti-fan of theirs all the…
If you think the "independent ratings agencies" are your friend and are out there looking out for your best interest, you have already been told time after time that they are not. …
Moody’s (MCO) give credit rating of "Aa1" to both Ambac (ABK) and MBIA (MBI). But, no one else on Wall St. seems to see it that way. According to Reuters "at Thursday’s…
Maybe Moody’s (MCO) should have thought of this before. According to the FT, Moody’s is considering overhauling the way it rates complex financial instruments to analyse how these products might behave in…
Douglas A. McIntyre Enterra Energy (ENT) Canadian oil and gas investment company suspends monthly distribution payments to unitholders for at least six months to repay debt. Falls to $1.85 from 52-week high of $10.30. PHH…
It was not that many years ago that a slew of investigations almost ruined the big players in the accounting industry. Arthur Andersen disappeared under the weight of a Justice Department investigation.…
Douglas A. McIntyre According to Reuters, Lehman Brothers (LEH) and National City are cutting 2,150 mortgage jobs. Reuters writes that more PC game players are beginning to use notebooks as their processing power increase. Retuers…
McGraw-Hill (MGP) sacked the head of its S&P unit on the theory that the ratings agency should have seen sub-prime problems coming sooner and downgraded pools of the mortgage-backed securities. It might…
Douglas A. McIntyre Stocks Tickers: MCO, MHP, XLF, GS, MS, MER, LEH, BSC, C, BAC, JPM, WFC, WB You will have to have a subscription in order to access the full article, but Moody’s has…
Moody’s (MCO) is already in a ton of trouble due to is rating on sub-prime debt and mortgage-backed securities. According to the FT, the European Union is opening an investigation because it…
Douglas A. McIntyre BRK/A, BNI, KO, PG, WMT, USG, AXP, WFC, MCO, JNJ, COP, UNP, USB, MTB, ASD, NSC, WLP, UNH, IR, HRB It is always interesting to see how Wall Street bets with or…
Stock Tickers: BRK/A, BNI, KO, PG, WMT, USG, AXP, WFC, MCO, JNJ, COP On tonight’s MAD MONEY on CNBC, Jim Cramer reviewed another Warren Buffett strategy by reviewing holdings to see if…