S&P also cut Moberly’s issuer credit rating to B from A, and it downgraded a series of 2008 bonds to B-minus from A-minus. The debacle, therefore, will cost Moberly money on any borrowing it does in.
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Haworth sold Group Lacasse, a St. Pie, Quebec, office furniture manufacturer. in the closing weeks of the year. In September, Furniture Brands, based in Clayton, Mo., filed for Chapter 11.
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