SEC Sues Morningstar Over CMBS Ratings
The firm allegedly made undisclosed changes to its ratings model that allowed issuers to shortchange investors on interest.
Kroll Fined $2M for Violating Credit-Rating Rules
The SEC says Kroll failed to comply with rules for determining the ratings of commercial mortgage-backed securities and CLO Combo Notes.
Morningstar Settles Conflict of Interest Charges
The $3.5 million settlement is a rare enforcement action against a ratings agency over conflicts.
Morningstar Advances Credit Ratings Business With DBRS Acquisition
The two companies share a vision for a credit ratings industry based on “independence, transparency, and responsiveness.”
Analysts Expect Uber IPO to Outperform Price Range
Despite weighty challenges, positive financial signals abound for the high-profile firm, and its still relatively new management team wins strong plaudits.
Index Funds Exert Growing Power Over Companies
With massive amounts of investment rolling in, index funds are increasingly driving corporate decision-making.
CFOs on the Move: Week Ending July 7
Federal Reserve Board, Morningstar, Metromile, Rackspace, Christopher & Banks, Superior Industries, Ability Network, Agilysys, CV, Veritas Technologies
Sales Woes Force BlackBerry Earnings Miss
The cell phone company said it was buying back shares and is still confident about second-half growth.
CFOs on the Move: Week Ending March 10
Halliburton, Morningstar, Pandora, DineEquity, Red Lion Hotels, Integer Holdings, Tractor Supply, Nu Skin Enterprises, RAIT Financial Trust
CFOs on the Move: Week Ending Oct. 18
Morningstar, Ally Financial, ADT, Intcomex, Pulse Electronics, Vivint, Newfield Exploration, Oclaro, Idexx Laboratories
New CFO May Help Stabilize Microsoft
Veteran company executive Amy Hood, known as personable and a natural collaborator, gets the nod after finance chief Peter Klein becomes the latest top manager to quit the software giant.