Warming Up a回 It was formed when two companies joined together.One was Poor's Publishing Company. Henry Varnum Poor started the company in the 1860's.He published a number of books on railroads,money and business. He also published financial information about companies for investors. More
It was formed when two companies joined together. One was Poor's Publishing Company. Henry Varnum Poor started the company in the 1860’s. He published a number of books on railroads, money and business. He also published financial information about companies for investors. Warming Up
Warming Up O回 In 1906,the Standard Statistics s Bureau was formed to provide financial information about American companies.It recorded numerical information,or statistics,about businesses. In 1916,the Standard Statistics Bureau started offering credit ratings for companies.Ratings are designed to give investors an idea of how likely it is that a business will pay its debts.Soon after,the company offered credit ratings for nations.It later offered the same service for local governments. More
In 1906, the Standard Statistics Bureau was formed to provide financial information about American companies. It recorded numerical information, or statistics, about businesses. In 1916, the Standard Statistics Bureau started offering credit ratings for companies. Ratings are designed to give investors an idea of how likely it is that a business will pay its debts. Soon after, the company offered credit ratings for nations. It later offered the same service for local governments. Warming Up
Warming Up a回 Poor's Publishing Company joined with the Standard Statistics Bureau in 1941 to form Standard and Poor's.In 1966,the publishing company McGraw-Hill bought Standard and Poor's. Since then, it has grown as an important provider of information on credit and business statistics. More
Poor's Publishing Company joined with the Standard Statistics Bureau in 1941 to form Standard and Poor's. In 1966, the publishing company McGraw-Hill bought Standard and Poor's. Since then, it has grown as an important provider of information on credit and business statistics. Warming Up
Warming Up O回 Standard and Poor's also developed an important measure of the stock market.The S and P Five Hundred Index is a list of five hundred companies.The price of ownership shares of these companies is combined with other information.Mathematic operations are used to create a single number that shows if all stocks on the list have gained or lost value. More
Standard and Poor's also developed an important measure of the stock market. The S and P Five Hundred Index is a list of five hundred companies. The price of ownership shares of these companies is combined with other information. Mathematic operations are used to create a single number that shows if all stocks on the list have gained or lost value. Warming Up
Warming Up a回 Standard and Poor's says the S and P Five Hundred Index is the best,single measure of the United States stock market.Only American companies are on it.They must be financially strong and have a total stock value of more than four thousand million dollars. The companies are also chosen to represent the importance of industries to the economy. Standard and Poor's remains one of the world's two leading credit rating agencies.The other is Moody's.This VOA Special English Economics Report was written by Mario Ritter. Our reports are online at VOA English.COM.I'm Barbara Klein. End
Standard and Poor's says the S and P Five Hundred Index is the best, single measure of the United States stock market. Only American companies are on it. They must be financially strong and have a total stock value of more than four thousand million dollars. The companies are also chosen to represent the importance of industries to the economy. Standard and Poor's remains one of the world's two leading credit rating agencies. The other is Moody's. This VOA Special English Economics Report was written by Mario Ritter. Our reports are online at VOA Special English.COM. I'm Barbara Klein. Warming Up