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August 28, 2017 6:53 PM Qatar Is Downgraded by Fitch as Blockade Takes a Toll

Dispute between Doha and Saudi-led bloc of countries is hurting Qatar’s economy DUBAI—Confidence in Qatar’s creditworthiness took another hit Monday, as Fitch Ratings downgraded the country’s debt, citing concerns that the economic blockade imposed by Arab neighbors was unlikely to be lifted soon. The move is the latest sign of worry from credit ratings 40

August 24, 2017 9:30 PM America's Credit Rating On The Line As Debt Ceiling Deadline Approaches

President Trump meets with Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan during a budget discussion in March. With the federal government getting closer to running out of cash to cover all bills on time, companies that evaluate bonds are having to consider how to rate America's creditworthiness. And their job didn't get any easier 79

July 24, 2017 8:24 PM Report: Marriott Westchase loan near default

Updated 5:40 pm, Monday, July 24, 2017 A $76.8 million loan for one of Houston's larger hotels is facing default and has been transferred to special servicing, according to Fitch Ratings. The balance of the loan, which is set to mature on Nov. 1, is $73 million. The loan is part of a pool of commercial mortgage-backed securities. Special servicers are third-party 52

July 4, 2017 10:33 PM Illinois Senate nixes vetoes of budget plan with tax hike

SPRINGFIELD, Ill. — The Illinois Senate voted to override Gov. Bruce Rauner’s vetoes of a $36 billion budget package Tuesday, including a $5 billion tax increase designed to start digging out of the nation’s longest budget crisis since at least the Great Depression. The Democratic-controlled chamber completed its work within 30 minutes of the Republican 70

June 1, 2017 3:27 PM Why Retailers Have More Debt Than Meets the Eye

Abercrombie is one of many retailers with net cash on its balance sheet but substantial lease obligations With net cash on its balance sheet, Abercrombie & Fitch seems like an easy acquisition target, despite years of declining sales. But add in lease obligations and it becomes one of the most heavily indebted retailers. Abercrombie is one of many retailers 67

May 10, 2017 11:35 PM Abercrombie & Fitch in Merger Talks With at Least Two Suitors

American Eagle, Express have shown interest in clothing retailer Teen retailer Abercrombie & Fitch Co. is in merger talks with at least two interested buyers, according to people familiar with the discussions, as the once-hot brand struggles to find its place in a shifting retail landscape. Among the suitors are apparel chains Express Inc. and American 29

April 28, 2017 10:02 AM ASML files patent countersuit against Japan's Nikon

ASML, Europe's largest supplier to semiconductor manufacturers, said on Friday it had filed patent infringement cases against Nikon in Japan, a response to legal action taken by Nikon against the Dutch company. The lawsuits involve semiconductor manufacturing equipment, flat panel display manufacturing equipment and digital cameras. They were brought 71

April 21, 2017 10:56 PM Fitch lowers Italy's credit rating to 1 notch above junk

Fitch Ratings has downgraded its rating on Italy's long-term debt, citing the country's huge debts, stagnant economy and divided politics. Fitch cut the country's rating from BBB+ to BBB, one notch above junk-bond status. Fitch says the outlook for the debt is stable. Italy's government debt equaled 132.6 percent of the country's economic output last year, one of the highest 45

March 19, 2017 6:26 AM Gennady Golovkin edges Daniel Jacobs via unpopular decision to retain middleweight titles

NEW YORK — Gennady Golovkin's streak of 18 consecutive middleweight title defenses rolls on as he approaches Bernard Hopkins' record of 20. But his streak of 23 consecutive knockouts? Gone. His aura of invincibility? Vanquished with every massive punch Daniel Jacobs was able to absorb Saturday yet keep marching forward. Jacobs (32-2, 29 KOs) rose from a fourth-round 46

February 11, 2017 1:46 AM The Latest: Patriots owner joins Trump, Abe for dinner

Robert Kraft, the owner of the Super Bowl-winning New England Patriots, is joining President Donald Trump, Japanese Prime Minister Shinzo Abe and their wives for dinner at Trump’s Mar-a-Lago estate in Florida. Trump began the dinner at Mar-a-Lago’s crowded patio restaurant by talking up Kraft and joking that the assembled U.S. and Japanese press had heard 66