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3XSQ: S&P faces civil lawsuit over mortgage bond ratings

Tuesday, 05 Feb, 2013 - 03:18

Feb 5 - The U.S. government has launched a civil lawsuit against Standard & Poor's and parent The McGraw-Hill Companies over mortgage bond ratings.

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Three Times Square this Tuesday providers -- headquarters in New York. The financial crisis that keeps on giving the US government has launched a civil lawsuit against standard imports and parent company McGraw-Hill. The government is seeking financial penalties on -- over mortgage bond ratings tied to the recent financial crisis. S&P and the other ratings agencies have long faced criticism from investors. Politicians and regulators are signing higher ratings to thousands of sub prime and other mortgage securities act quickly turns our. New York Times reports talks between the Justice Department. -- and he broke down last week after the government's audit settlement of more than one billion dollars. Hasn't he called the possibility of a lawsuit quote entirely out factual or legal merit. The financial crisis also still affecting plans at Toyota. The auto maker raising its profit guidance on strong sales in the US of its Camry and other cars plus the weaker -- However Toyota says it won't build new factories over the next three years as its major Japanese operation sort of losing money after Lehman Brothers crisis 2008. And just returned to the black. What of the CEOs at the center of the financial crisis is meeting with President Obama today Goldman Sachs boss Lloyd Blankfein. He's not the only corporate -- going to Washington. Yahoo!'s newly -- mayor -- morning Sorenson and others are expected to participate in the conversation. About immigration policy and deficit reduction. The meeting comes a week after the White House announced it was -- jobs council Obama has set up to advise him on economic issues after its charter expired. What is street -- not on hand but looking to expand his empire across the pond making our power player of the day. It's John Malone with Liberty Global is I take over Britain's Virgin Media a deal would give the US cable group and much stronger foothold in Europe. And set up a nice challenge with Rupert Murdoch something Malone is all too familiar with. Virgin is Britain's second biggest pay TV company with just under five million subscribers. Murdoch's satellite group B -- B leads the British -- -- market with ten point seven million customers. Another industry -- is taking his company private. Michael Dell finalizing an agreement with private equity firm silver lake partners and Microsoft. Stick computer maker off the public markets the price -- 24 point four billion dollars. And finally the 64 annual support -- festival did not include Peter as far as -- can tell that something else rather frothy or maybe just frosty. It's Japan's largest snow festival in the city at -- -- out. It's not tourist attraction in which band plays an ice sculptures are crafting that to -- folks are expected to attend. And they -- -- right now about 21 degrees Fahrenheit. This year's festival lasts until February 11 -- coincides with the Chinese Lunar New Year. That's the latest -- -- it is Tuesday you can follow us on Twitter at Reuters Insider get more great -- that would have dot com slash -- I'm Leesburg art this is worth.

3XSQ: S&P faces civil lawsuit over mortgage bond ratings

Tuesday, 05 Feb, 2013 - 03:18

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