February 08, 2019 China Tariffs Likely To Continue At 10% If No Trade Deal
President Trump said that he would not meet with Chinese President Xi Jinping before the Mar. 1 deadline, but CNBC reported that the administration will likely keep tariffs on some Chinese imports at 10%, rather than raising them to 25%, citing inside sources. Sears Will Survive, as Court Approves Lampert Bid
A U.S. bankruptcy judge approved the $5.2 billion bid from Sears Chairman Eddie Lampert’s ESL from the New York bankruptcy court, which promises to keep it operating with a reduced footprint of 425 stores. Performance Bicycle Will Close Remaining Stores
The brick-and-mortar operations of bankrupt ASE’s retail subsidiary are being wound down, Bicycle Retailer reported, with the 60 locations still operating set to close by Mar. 2. Yonex Bottom Line Slips on ForEx
Comprehensive net income declined 34% at the racquet sports brand to ¥843 million ($7.6 mm) from ¥1,283 million for the nine months ended Dec. 31 on 3% lower sales of ¥44,753 million ($405.4 mm) down from ¥46,201 million. |