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Moody's Investors Service

Lawsuit Filed Against Home Equity Mortgage Trust 2006-5 and Others

NEW YORK, NY, October 6 / MARKET WIRE/ -- A lawsuit is pending in the United States District Court for the Southern District of New York captioned New Jersey Carpenters Health Fund v. Home Equity Mortgage Trust 2006-5, Credit...

Fitch places Lilly ratings on negative watch list

NEW YORK - Fitch Ratings placed a negative rating on several indicators of Eli Lilly's debt Monday, after the drugmaker said it would buy biotech drugmaker ImClone for more than $6 billion. The deal is expected to boost Lilly's...

AIG to sell operations in Thailand and the Philippines

American International Group, crippled by losses related to bad mortgages, said Monday that it had received offers for its Philippine insurance businesses and that it would sell its Thai consumer finance operations. Once the...

Lilly bids $6.5 billion for ImClone

BOSTON/PHILADELPHIA (Reuters) - Eli Lilly and Co has agreed to acquire ImClone Systems Inc for $6.5 billion, outbidding Bristol-Myers Squibb Co and probably bringing to a close one of the most colorful corporate sagas in...

Key Dealmaker Leaves General Growth

Dow Jones Reprints: This copy is for your personal, non-commercial use only. The Chicago-based company gave no reason for the sudden departure of Chief Financial Officer Bernard Freibaum, who joined General Growth in 1993 and...

Ford Cuts Trucks

Abandoning its goal of a profit in 2008, Ford admits it can no longer rely on big pickups and SUVs The unthinkable has happened—and probably not a moment too soon. The announcement sent Ford's share price down 57¢ to 7.23, or...

Battered financial industry faces more oversight

Story Published: Oct 5, 2008 at 4:07 PM PDT By CHRISTOPHER S. RUGABER, AP Business Writer WASHINGTON (AP) - "Clearly, next year we will have more regulation," said Scott Talbott, a lobbyist for the Financial Services...

Wells Fargo Statement on Appellate Court Decision to Vacate Temporary Restraining Order

SAN FRANCISCO — Wells Fargo & Company (NYSE:WFC) issued the following statement this evening regarding Citigroup's claimed exclusivity agreement with Wachovia Corporation: "The appellate court has entered an order vacating...

Moody's cuts AIG senior debt rating to 'A3' from 'A2'

SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Friday lowered American International Group's senior unsecured debt rating to A3 from A2. At the same time, AIG's long-term ratings and its Prime-1 short-term rating...

Moody's cuts Wells Fargo's outlook to negative

SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Friday lowered the ratings outlook on Wells Fargo & Co. and its subsidiaries, including Wells Fargo Bank, to negative from stable. The move comes after Wells Fargo...