SEC proposes new rules to curb rating agency conflicts
Federal regulators move to limit conflicts between credit rating agencies and the banks that hire them. Proposed measures would ban advisory roles on securitization and require detailed disclosures for ratings, with a potential new designation for complex securities amid backlash from mortgage and banking interests.
MENTIONED IN THIS ARTICLE
Washington
Wall Street
Standard & Poor’s
Moody’s Investors Service
Fitch Ratings
Securities and Exchange Commission
SEC
John Nester
American Securitization Forum
Rockwell demonstrates jet landing tech for damaged wing test
Rockwell Collins reports a successful test of damage tolerance tech using a scale unmanned F A 18 that landed after half a wing was ejected. The test, for DARPA at Aberdeen Proving Grounds, used Adaptive Control and Inertial Navigation/GPS to adapt to the wing loss.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Rockwell Collins
Defense Advanced Research Projects Agency
DARPA
Collins
Athena Technologies
Aberdeen Proving Grounds
Maryland
Mike Myers
Government Systems
David Vos
Vos
Trade deficit peaks as oil imports soar in April
The United States posted a 60.9 billion trade gap in April, the highest in over a year, driven by a record 29.3 billion in crude oil imports as export gains failed to offset rising imports. China trade also widened, with overall imports at a record 216.4 billion while exports reached 155.5 billion.
MENTIONED IN THIS ARTICLE
Washington
China
Commerce Department
U.S
Iowa City Businesses Brace for Flood Waters
Bob Uhlar and others around Iowa City and Cedar Rapids are deploying sandbags as floods threaten offices and mills. At Cargill in Cedar Rapids workers protect the grain facility while Cedar River crest forecasts prompt emergency plans for Quaker Oats Penford and nearby firms. Some staff may work from home as closures loom.
MENTIONED IN THIS ARTICLE
Bob Uhlar
S. Gilbert St
Iowa City
Uhlar
Cargill
16Th Street
Cedar Rapids
Mike Rizor
Rizor
Dave Elgin
Cargill, Quaker Oats and
Penford Products Corp
Cedar River
Cedar Rapids and
Iowa City Railroad
Elgin
Kay Halloran
Quaker Oats
Candace Mueller
Mueller
Diamond V Mills
First St. SW
Dave DeWitte
George C. Ford
the Gazette
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