Credit watchdog Moody's downgraded the debt backing J. Crew to “Caa2” from “B3.”
Even as parent Saks Inc. reported a profit for the second quarter, its Saks Fifth Avenue Enterprises division had an operating loss of $42.8 million.
A brief look at some of the day’s stories.
Sen. John McCain has long been a darling of the press, and it’s safe to say he picked up a few new fans at the American Magazine Conference that kicked off Sunday evening in Fajardo, Puerto Rico.
Usher wasn’t exactly crashing the party, but was in search of a late-night bite Saturday when he turned up at Mr. Chow and found the Beverly Hills restaurant closed to regulars.
Nu Skin Enterprises is prepping for a new focus in China.