MLM Counties News. Notices. Need-to-know Information.

It’s one thing to blow your reputation by slapping AAA ratings on all sorts of garbage subprime-mortgage bonds. It only makes it worse to go into court years later and argue that your most cherished values are, for legal purposes, a bunch of smoke.

Tagged with: Standard & Poor

Former workers alleged the firm awarded bonuses for sending homeowners into foreclosure.

The U.S. is seeking more than $5 billion in civil penalties from McGraw Hill’s Standard & Poor’s unit over credit ratings on mortgage-backed securities.

The Food and Drug Administration has taken action against more than 9,600 websites.

Blackstone Group, the private- equity firm that has spent $5 billion on more than 30,000 distressed houses, is preparing to expand its bet on the housing recovery by lending to other landlords.

The same equity analysts who lowered second-quarter profit growth predictions to almost nothing in 2013 are raising price forecasts, convinced the economy is growing fast enough to lure more investors and boost valuations.

Elizabeth Duke submitted her letter of resignation to President Barack Obama and made no announcements about her future plans.

Tagged with: Elizabeth Duke Federal Reserve

A gauge of U.S. corporate credit risk declined the most in more than a week as Alcoa Inc. started the second-quarter season by beating analysts’ estimates.

Regulations adopted in May require producers to specify where an animal was born, raised and slaughtered. Retail packages can’t mix muscle cuts from different countries under a general label.

Federal judges appointed a merit selection panel to recommend a successor to U.S. Magistrate Judge Lewis Blanton of Cape Girardeau.

The most colorful battle between a state and the federal government over carrying out the health care law is taking place in California over prison overcrowding.