S&P girds for U.S. to sue over ratings on doomed bonds

Firm to fight crisis-role accusations

Posted: February 5, 2013 at 3:10 a.m.

The Justice Department intends to sue Standard & Poor’s, the largest credit ratings firm, over ratings it gave certain collateralized debt obligations in 2007, the company said Monday.

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U.S. factory orders climb 1.8%

FedEx workers sort packages in December at the Oakland Regional Sort Facility in Oakland, Calif. Factory orders rose 1.8 percent in December from November.

Orders placed with U.S. factories increased less than forecast in December, reflecting a drop in nondurable go... Read »

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Jaw-dropping results

Florida coach Billy Donovan, right, shouts to his team as the clock runs down during the second half against Missouri, as his bench celebrates during an NCAA college basketball game in Gainesville, Fla., Saturday, Jan. 19, 2013. Florida won 83-52. It was Donovan's 400th career coaching win at Florida. (AP Photo/Phil Sandlin)

Florida isn’t just winning SEC games. The Gators are making it look ridiculously easy. Read »