Sunday, May 26, 2019

Moody's lowers Equifax's rating citing a $690M charge Equifax posted in Q1 for its breach, the first time a cyber attack was cited as the reason for a downgrade (Kate Fazzini/CNBC)

Kate Fazzini / CNBC:
Moody's lowers Equifax's rating citing a $690M charge Equifax posted in Q1 for its breach, the first time a cyber attack was cited as the reason for a downgrade  —  KEY POINTS  — An Equifax spokesperson said the downgrade is significant because “it is the first time that cyber has been a named factor in an outlook change.”



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Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...