Dec. 15, 2010 at 3:22 p.m.
Filed under:
Consumer electronics,
Investing
By Dow Jones Newswires
Standard & Poor’s Ratings Services said it would lift its ratings on Motorola Inc. back to investment-grade territory early next year when the telecom-equipment maker splits into two.
Last month, Motorola set Jan. 4 as the date it will separate into two companies. The current company will change its name to Motorola Solutions and hold onto the business mobile and networks divisions, which sells such products as police radios and barcode scanners. It will spin off a new company consisting of its consumer-focused handset business. Get the full story »
Nov. 15, 2010 at 3:06 p.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
Deficit-reduction measures presented by the leaders of a Congressional commission would support the country’s Aaa rating but implementation of the full plan looks unlikely, Moody’s said on Monday. Get the full story »
Sep. 28, 2010 at 11:56 a.m.
Filed under:
Conventions,
Investing,
Management
By Kathy Bergen
The agency that owns and operates McCormick Place will approach its long-awaited financial restructuring next week with its debt ratings intact.
The three major rating services held the line on their respective ratings of Metropolitan Pier and Exposition Authority expansion project debt in reports issued Monday and today, ahead of an anticipated negotiated sale of $1.18 billion in bonds on Oct. 6. Get the full story »
Aug. 10, 2010 at 1:11 p.m.
Filed under:
Cell phones,
Investing,
Telecommunications
By Associated Press
Fitch Ratings affirmed its ratings on Motorola Inc. and raised its rating outlook to “stable” from “negative” Tuesday, saying it is more confident in the health of the company’s business. Get the full story »
Aug. 2, 2010 at 1:37 p.m.
Filed under:
Airlines
By Julie Johnsson
Moody’s Investor Service upgraded $2.2 billion in debt held by United Airlines’ parent UAL Corp., and said it may raise the rating again after United closes its merger with Continental Airlines.
“The upgrade of the ratings recognized the strengthening of liquidity and credit metrics that has occurred since the beginning of 2010,” said Moody’s analyst Jonathan Root of the decision to rate United’s debt to B3 from Caa1. Get the full story »
July 13, 2010 at 9:40 a.m.
Filed under:
Insurance,
Investing,
Stock activity
By Associated Press
An RBC Capital Markets analyst lowered his rating Tuesday on insurance conglomerate Aon Corp., saying earnings growth from its planned acquisition of human resources specialist Hewitt Associates for $4.9 billion is far off.
Analyst Mark Dwelle cut Aon to “sector perform” from “outperform,” trimmed earnings per share estimates 2010 and 2011 and reduced the price target on shares by 13 percent, to $40. Get the full story »
June 25, 2010 at 12:50 p.m.
Filed under:
Pharmaceuticals,
Retail
By Dow Jones Newswires
Moody’s Investors Service lifted its ratings outlook on Walgreen Co. (WAG) to stable from negative after the drugstore chain resolved a spat with CVS Caremark Corp. (CVS).
Walgreens agreed to new terms last week under which it will continue to participate in the smaller rival’s pharmacy benefit network. Chief Executive Greg Wasson said then he was “pleased” with the outcome. Walgreen had said earlier this month it planned to pull its stores from the network. Two days later, CVS Caremark said it planned to drop Walgreen by July 9. Get the full story »
