February 03, 2020
Net income was $923,000 in the fiscal first quarter ended Dec. 28, against a loss of $1,149,000 last year on 6% lower revenues of $95,889,000 down from $101,675,000, in line with DLA’s pre-announcement in Jan.
The USTR has only granted about 3% of exclusions on List 3 tariffs requested by importers, down from about a 35% success rate on the first two tranches to tariffs on Chinese imports, according to the Wall Street Journal.
VFC wants to retire $300 million of 6.000% notes due in 2033, and $350 million of 6.450% notes due 2037, and is offering a premium of $30 per $1,000 principal amount as an early tender payment.
PTON was dealt a setback in its battle with a consortium of music publishers over song rights, when its counterclaim that the companies conspired against it was dismissed by the federal court judge presiding over the case.
Step, which makes high quality Swedish steel hockey skate blades, will be absorbed into CCM’s operations, with Step president and founder Gilles Cloutier staying on during the transition and all 17 employees joining CCM.