January 27, 2021
Net income dropped 25% to $347,240,000 in the fiscal third quarter ended Dec.31 from $465,003,000 last year, comping the final period unaffected by the coronavirus, on revenues that slipped 6% to $2,971,541,000 from $3,155,723,000 and would have been down 8% constant currency.
The Eager Beavertons lost their appeal to the Fourth Circuit of the preliminary injunction granted by a NC district court judge over a year ago that prevented them from using “Sport Changes Everything” in an ad campaign.
Japan’s Olympic organizing committee reacted to news earlier this week that its government was considering cancelling the event by asking for help from the new president, the Wall Street Journal reported.
The parent of Cannondale, Schwinn and other bike brands sees the Luxembourg Administrative Tribunal rule that it has a huge tax liability related to its 2015 reorganization that involves an asset transfer.
The ratings agency lowered Belk’s issuer credit rating and issue-level rating on its first-lien term loan to CC from CCC, saying that it views owner Sycamore Partners’ deal with lenders as tantamount to a default.