Monday, November 29, 1999

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New S&P credit scores for 26k firmsS&P Valuation and Risk Strategies, part of McGraw-Hill Co's Standard & Poor's, has launched a new credit score tool that lets users compare credit profiles of more than 26,000 companies worldwide. The so-called credit health panel can provide default probabilities and overall credit health scores for the largest universe of companies ever addressed by S&P, the company said in a statement on Tuesday. Overall scores will be based on a firm's operational risks and its ability to generate cash.Probe against AppleRegulators are mulling an inquiry into whether Apple Inc violates antitrust law by requiring that its programming tools be used to write applications for the iPad and iPhone, a source familiar with the matter has said. The news comes amidst a high-profile dustup between Apple and Adobe Systems Inc, which makes the widely used Flash software to provide video and build games.US stocks declineStocks and US futures fell as a slowdown in Chinese manufacturing and the BP Plc rig disaster undermined resources companies. The euro weakened on growing concern that the Greek bailout won't end Europe's debt crisis. The MSCI World Index of 23 developed nations' stocks declined 0.5% at 10:51 am in London and the Stoxx 600 Basic Resource Index slid 2.6%. Futures on S&P's 500 Index dropped 0.6%. BP Plc slumped to a seven- month low.

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