US seeks more than $5 bln in suit against S&P -att... | Reuters.com

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  • US seeks more than $5 bln in suit against S&P -attorney general

    WASHINGTON, Feb 5 (Reuters) - The U.S. government is seeking more than $5 billion in a lawsuit against rating agency Standard & Poor's over mortgage bond ratings, U.S. Attorney General Eric Holder said on Tuesday.

    The civil suit against S&P and its parent McGraw-Hill Cos Inc is the first federal enforcement action against a credit rating agency over alleged illegal behavior related to the 2007-2009 U.S. financial crisis.

    (Reporting By Aruna Viswanatha and Emily Stephenson; Editing by Gerald E. McCormick)
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North Korean rocket puts object into space, angers neighbors, U.S.

SEOUL North Korea launched a long-range rocket on Sunday carrying what it called a satellite, but its neighbors and the United States denounced the launch as a missile test, conducted in defiance of U.N. sanctions and just weeks after a nuclear bomb test. | Video