U.S. CT and 15 states suing S&P over MBS ratings during housing boom

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Update: Connecticut’s Attorney General George Jepsen notes Connecticut is leading the way on this suit and had sued S&P and Moody’s in 2010. Sixteen states and the District of Columbia joined the suit. “We believe that S&P’s analytical models for rating structured finance securities were directly influenced by the demands of S&P’s powerful investment banking […] [Read More]
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UTC to buy back 60 million shares

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United Technologies board authorized a 60 million share repurchase program and declared a dividend of 53.5 cents per common share payable March 10 to shareowners of record at the close of business Feb. 15. The ex-dividend date is Feb. 13. UTC has paid cash dividends on its common stock every year since 1936. The Board’s […] [Read More]