According to the New York Times, Hulu is approaching investment banks to underwrite an IPO this fall valuing the company at $2 billion. What is Hulu? Hulu is an online video service that offers a selection of hit shows, clips, movies, and more at Hulu.com and numerous destination sites online and across four screens —… Read more »
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Reform Bill Targets Credit Raters
On Thursday, May 13, 2010, the U.S. Senate took steps to overhaul the credit-rating agency business, which is widely maligned for its role in the 2007-2009 financial crisis. An amendment by Democratic Senator Al Franken passed for a government clearinghouse to be set up to assign debt rating duties to agencies, with federal regulators developing… Read more »