August 05, 2019
The two moves by China in response to President Trump’s recent threat to levy 10% tariffs on List 4 imports was widely seen as a signal that the Chinese are prepared to wage a long-term trade war, posing new risks to the global economy and rattling world stock markets.
The gun company is arguing that the Connecticut Supreme Court erred in allowing a suit to proceed against it on the grounds that it marketed its Bushmaster rifle used in the killing of 26 as a weapon of war for use by civilians in combat-style missions.
Net loss narrowed in its seasonally smallest quarter to $694,000 from a loss of $777,000 last year on 2% higher sales of $46,994,000 against $45,881,000 including an 8% improvement at Black Diamond offsetting a 16% decline at Sierra.
Net income at the multi-banner Japanese retailer was nearly halved to ¥1,498 million ($13.6 mm) from ¥2,897 million in the fiscal first quarter ended Jun. 30, as revenues slipped 1% to ¥60,796 ($553.2 mm) from ¥61,338 million.
The Chinese footwear brand finalized its $260 million purchase of K-Swiss, Palladium and Supra from South Korean footwear and fashion retailer E-Land.
Lew’s, which itself got a new private equity owner June, is buying Europe’s largest privately-owned fishing tackle company from Mayfair Equity Partners and Next Wave Partners.