- S&P DOWNGRADES LIZ: Standard & Poor's revised its credit rating on Liz Claiborne Inc. to "BB" from "BBB," pushing the firm's debt rating down into speculative or "junk bond" territory. Such ratings gauge how likely a company is to pay back its debt. "An obligation rated 'BB' is less vulnerable to nonpayment than other speculative issues," according to the S&P ratings definitions. "However, it faces major ongoing uncertainties or exposure to adverse business, financial or economic conditions." The company declined comment on the rating change.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)