Briggs & Stratton Corp. , the world’s largest maker of gasoline engines for outdoor power equipment, is marketing debt after corporate bond sales plunged while Federal Reserve policy makers met.
A $132.6 million loan backed by the PGA National Resort & Spa in Palm Beach Gardens, Florida, was sent to a special servicer today because of imminent default, according to Fitch Ratings.
Former Industrial Enterprises of America Inc. Chief Executive Officer James W. Margulies was found guilty by a New York jury in connection with an $110 million stock fraud.
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