Moody's Corporation

J.C. Penney woes may persist as Best Buy rebounds

2013-05-10 17:47:00

For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...

Europe austerity strategy is hurting growth, IMF says

2013-04-19 00:00:00

WASHINGTON — Britain and the Eurozone are steadfastly sticking to austerity measures despite increasing evidence that such action alone isn't working to revive their economies and is dragging down global growth. Such persistence, analysts said,...

Economist Zandi said to be candidate for key federal housing post

2013-04-15 07:38:00

WASHINGTON -- Economist Mark Zandi reportedly is being considered by the Obama administration to head the federal agency that oversees taxpayer-owned Fannie Mae and Freddie Mac as the White House seeks a candidate who could avoid Republican opposition...

Private-sector and service-sector job growth slow in March

2013-04-03 16:07:00

WASHINGTON — Private-sector employment growth and expansion in the vital service sector slowed last month, raising concerns about the strength of the recovery ahead of Friday's government jobs report. Payroll firm Automatic Data Processing Inc....

Truck sales get a lift from housing rebound

2013-04-02 16:55:00

Surging truck sales paved the way for one of the biggest auto sales months in nearly six years. That's a sign of the housing rebound making its way into new construction, as contractors buy new pickups. Growth in the vital housing and auto industries...

Private-sector job growth holding up, ADP report finds

2013-03-06 07:40:00

WASHINGTON -- The American job market appears to be holding up fairly well in the face of higher payroll taxes this year and uncertainty over government budget cuts -- so far anyway. The payroll processing firm ADP said Wednesday its data showed that...

Execs off the hook at S&P

2013-02-09 06:55:00

You may have heard last week about a couple of big lawsuits brought by federal and state governments, alleging that the credit rating agency Standard & Poor's concocted a fraudulent scheme that contributed to trillions of dollars in investment losses...

Housing starts fall sharply at start of year

2013-02-20 06:59:00

WASHINGTON — Residential construction starts in January fell sharply from last year's soaring year-end activity, the government said Wednesday. The pattern in the latest housing data is similar to that of other major economic indicators of late....

Unemployment claims fall in new sign of gradual labor recovery

2013-02-14 07:13:00

WASHINGTON — New filings for unemployment claims fell last week, and the total number of workers receiving jobless benefits dropped to a 4�-year low — further signs of the gradual recovery in the labor market. The Labor Department said...

California finances praised but not upgraded by Moody's

2013-02-04 09:12:16

S&P says it faces Justice Department suit for mortgage ratings

2013-02-04 11:59:00

WASHINGTON -- The Justice Department plans to file a civil lawsuit against Standard & Poor's for its ratings of mortgage-related investments leading up to the financial crisis, the company said Monday. The suit focuses on S&P's ratings in 2007 of some...

Moody's downgrades Canadian banks based on heady housing prices

2013-01-29 05:23:00

Canada's elevated housing prices and the extra debt taken on by consumers as a result could be problems for its banks should the economy hit bumps in the road, Moody’s Investors Service said in downgrading its credit ratings for six major...

A file picture taken Jan. 17, 2012, shows a closeup of the opening page of the Moody's Investors Service website.

2013-01-02 12:33:00

An Indian shopkeeper selling Nokia mobile phones awaits customers in New Delhi. Moody's cut Nokia's rating to junk on Friday

2012-06-15 08:20:00

The rating downgrade leaves the museum's bonds in the A category, which Moody's defines as an "upper-medium grade" investment "subject to low credit risk."

2011-08-15 07:16:28