MHP The McGraw-Hill Companies, Inc.,shares slid after a court ruling
The McGraw-Hill Companies, Inc.
Moody's Corp and McGraw-Hill Cos shares slid Thursday after a court ruling that may make it harder for credit rating agencies to argue their opinions deserve free speech protection.In an order issued late Wednesday, U.S. District Judge Shira Scheindlin in Manhattan said ratings on notes sold privately to a "select" group of investors were not "matters of public concern" deserving of traditionally broad protection under the First Amendment of the U.S. Constitution
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The McGraw-Hill Companies, Inc. provides information services and products to the financial services, education, and business information markets worldwide. The company operates in three segments: McGraw-Hill Education, Financial Services, and Information & Media. The McGraw-Hill Education segment consists of School Education Group, which provides educational and professional development materials to pre-kindergarten to 12th grade market, as well as assessment and reporting services; and Higher Education, Professional, and International Group that provides e-books, online tutoring, customized course Web sites, subscription services, and materials to the higher education market, as well as professional, reference, and trade publishing for medical, business, engineering, and other fields.
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