‘Alternative’ Data Drives S&P Global’s Growth
The Fortune 500 data company onboards AI and machine learning capabilities to make hay with unstructured datasets.
S&P Cuts Oracle Rating on Stock Buyback Worries
With Oracle's buybacks exceeding free operating cash-flow generation, S&P is concerned the company will be overleveraged.
S&P Cuts Kraft Heinz Rating to Near Junk Grade
The rating agency believes Kraft Heinz "will be unable to meaningfully grow adjusted EBITDA" amid "significant" competition from other manufacturers.
S&P Downgrades GE Rating on Power Woes
GE's "solid performance" in aviation and health care has been "overshadowed by weakness in the power segment," the rating agency says.
Toys R Us Downgraded as Refinancing Looms
S&P cites the possibility that Toys may address maturing bonds at less than par or engage in a broader restructuring.
S&P Sees More Sovereign Downgrades This Year
Negative rating actions on sovereign debt "are likely to continue to outnumber positive actions over the coming 12 months," S&P says.
CFOs on the Move: Week Ending July 29
Brink's, S&P Global, FairPoint, Lindblad Expeditions, Health New England, UMB Financial, Triumph, Methode Electronics, Party City, AngioDynamics
CFOs on the Move: Week Ending June 3
Sears, S&P Global, Johnson Controls, PeopleLink, W.F. Taylor, Snyder's-Lance, Lawrence Livermore Nat'l Lab, Melkior Resources, System Source, Vann's