Standard & Poor's Rating Services, a subsidiary of McGraw-Hill (MHP) revealed that the Civil Division of the United States Department of Justice has informed the company that it plans to file a civil lawsuit against S&P focusing on its ratings in 2007 of certain U.S. collateralized debt obligations.
McGraw-Hill steadily declined for the majority of the afternoon Monday and finished down by 8.04 at $50.30 on the highest volume of the year. The stock sank to a 2 1/2 month low and fell below both its 50 and 200-day moving averages.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.