April 02, 2018
More or less singled out for the steel and aluminum tariffs because of exemptions granted or in the process of being granted to others, the Chinese government imposed tariffs of 25% on 128 American products, including pork and steel pipes.
A double digit gain in Korea and an operating profit against recent losses helped Fila show a KRW 108,110 million ($102.0 mm) consolidated net profit, down 65% from KRW 311,126 million for the FY ended Dec. 31 as sales jumped 162% to KRW 2,530,324 million ($2,387.4 mm) from KRW 967,128 million.
Comprehensive net loss for 2017 was NT$89,689,000 ($3.0 mm) against a profit of NT$48,691,000 on 3% lower revenues at NT$19,494,431,000 ($662.8 mm) vs. NT$20,164,515,000.
The ratings agency lowered CODI’s Corporate Family Rating to B1 from Ba3 on its new capital structure, which includes a senior secured first lien $600 million revolver and $500 million term loan, along with the just-announced $400 million of senior unsecured notes due 2026 in a private offering.
ENO says that Dick’s is infringing on its patents D666,896, 9,003,579 and 9,320,343 for hammock straps and hangers with products sold under the Field and Stream and Logo brands.
Octane Fitness is recalling about 570 XT-One elliptical cross trainers with model number XT5700 because the incline lead screw can shear off, causing the foot pedals to drop unexpectedly.