January 23, 2019 Head Won’t Close Performance Bicycle Deal Over Asset Dispute
In one of the weirder bankruptcy hearing ever, HTM has asked a NC bankruptcy court to re-auction the assets because it claims to have misunderstood that the assets it was purchasing do not include some $9 million in cash that is in the debtor’s estate now as a result of the GOB sales underway. Tax Refunds Likely to be Delayed as IRS Employees Stay Home
Despite the Trump Administration’s efforts to mitigate the impact of the partial government shutdown by ordering IRS employees who process refunds back to work, the Washington Post reported that hundreds of the 46,000 employees won’t report for work either in protest for not being paid or because of hardship in paying for commuting and child care that makes it unaffordable for them to work without pay. Book Richardson Enters Plea in Hoopgate Case
Former Arizona assistant basketball Emanuel “Book” Richardson pleaded guilty to one count of bribery in Manhattan federal court, in a deal with prosecutors that was first announced earlier this month. Foot Locker Debuts Power Store Format in Detroit
The 8,500-sq.-ft. location in Eastpointe, MI, is the U.S. debut of the new format which already launched overseas in London, Liverpool and Hong Kong. Under Armour Appoints New HR Chief
Former Harley-Davidson chief human resources officer Tchernavia Rocker’s title will be chief people and culture officer when she joins the company next month. Amer Sports Shareholders Pave the Way for Anta Acquisition
Amer’s shareholders approved a resolution giving the members of the board of directors the right to sell their shares despite an earlier transfer restriction. RYU Apparel Seeks C$6 Million in Private Offering
The company is selling up to 80 million units, each consisting of a share of stock and a purchase warrant with an exercise price of C$0.15 per share, for C$0.10 per unit less a discount of 25%.
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