The International Trade Administration (ITA) has issued the final results of its antidumping (AD) duty administrative review of folding metal tables and chairs from China for the period of June 1, 2003 through May 31, 2004.
Grand Theft Auto: San Andreas publisher Take-Two Interactive asked the SEC for a 15-day extension in the filing of its 10-K annual report as it works to fix serious accounting flaws, the company said Wed. It said it expects to file the 10-K on or before the extended deadline.
The PS2 version of Need for Speed Most Wanted from Electronic Arts (EA) was, in its 9th week, again the top- rented videogame in the U.S., according to Rentrak’s preliminary Home Video Essentials data for the week ended Jan. 15. EA had 3 other SKUs in the top 10: The Xbox version of Most Wanted at #3 (up 2), Madden NFL 06 on PS2 at #4 (down 2 in its 23rd week) and NCAA Football 06 at #8 (down 2, 27th week). The only other publisher with more than one title in the top 10 was Activision, with 2: Gun on PS2 at #7 (up 4, 10th week) and Call of Duty 2: Big Red One on PS2 at #10 (down 3, 11th week). LucasArts Entertainment’s Star Wars Battlefront II for PS2 moved up one to #2 in its 11th week. There were no new games in the top 10… Tecmo’s Dead or Alive 4 for Xbox 360 was again the top-rented videogame for GameFly, according to the online game service’s data for the week ended Jan. 16. There were 3 other 360 games in the top 10: Sega’s Condemned: Criminal Origins at #2 again, Ubisoft’s Peter Jackson’s King Kong at #6 and EA’s Most Wanted at #7 (up 2).
The Commerce Department's Office of Textiles and Apparel (OTEXA) has posted to its Web site the following five monthly reports containing official November 2005 trade data from the Department of Census for imports and exports of textiles and apparel:
Tiger Telematics combined 2 short-term loans made to its Gizmondo Europe division by shareholders into one note of Pounds 12.68 million due June 30, after an extension agreement was reached, the company said in an SEC filing. One loan had been due Oct. 31 and the other Nov. 30 last year. The company said it pledged as collateral the patents and intellectual property rights of its Smart Adds product and the stock of its Smart Adds subsidiary. Tiger hasn’t announced how many Gizmondos have been sold in the U.S. since they became available late last year after delays. The company also said in the SEC filing that it “has been in preliminary negotiations for a major equity refinancing” but warned “no assurances can be given that it will be able to complete” it. The refinancing would include $50 million from Geneva and London hedge fund groups and an additional vendor credit debt line of about $25 million, it said. Tiger also revealed that its Gizmondo Europe subsidiary “has experienced severe financial pressures from various vendors as its cash flow has been unable to service the requirements.” It said “this has in part been aggravated by a lack of investor funding.” Tiger said it had also “been actively negotiating for further funds from debt and equity sources to assist the cash flow needs of Gizmondo Europe but there can be no assurances that this will be achieved.” Therefore, Tiger said, it “may be required to seek other alternatives for the Gizmondo Europe operations.” Although Tiger negotiated a $5 million bridge loan from an investment firm, the company said it “has not been able to draw down under the facility as of yet nor can any assurances be given that it will be able to draw down on the facility although it is working to achieve this on a daily basis.” Tiger said it completed sales of about 750,000 shares of its common stock Q4 2005 for about $2.2 million total. Other recent setbacks for the company have included the resignation of Carl Freer as chmn., announced 2 days before Gizmondo launched in the U.S. (CED Oct 21 p11). A Tiger spokesman a week later said the company accepted the resignations of Stefan Eriksson and Peter Uf “when it came to light that these individuals had not disclosed to the company criminal convictions in Sweden in the mid 1990s” (CED Oct 28 p9).
The International Trade Administration (ITA) has issued its preliminary results of an antidumping (AD) duty changed circumstances review of the AD order on certain cased pencils from China.
(a) The ITA has found an AD duty rate of zero exists; as a result, no AD cash deposit is required; however, suspension of liquidation will continue.
The International Trade Administration (ITA) has issued the final results of its antidumping (AD) duty administrative review of tapered roller bearings and parts thereof, finished and unfinished, from China for the period of June 1, 2003 through May 31, 2004.
The Anti-Spyware Coalition (ASC) released a final draft of its risk model description, which pushes for more transparency in how spyware-fighting firms evaluate software and flag malicious content. The Center for Democracy & Technology-led group counts as members major Internet players like AOL, Microsoft, Yahoo and top security providers like McAfee, Symantec, Trend Micro and Sophos. Its first public workshop is next month.
The International Trade Administration (ITA) has made a final affirmative antidumping (AD) duty determination that certain orange juice from Brazil is being, or is likely to be, sold in the U.S. at less than fair value.