Shanda Games revenue for Q4 ended Dec. 31 fell 6 percent from a year earlier to $168.8 million as revenue from its core massively multiplayer online (MMO) titles dropped 14 percent, it said Friday. Revenue for MMO games declined 6.4 percent from Q3, mainly due to a revenue decline in “several key” games as the Chinese company “continued decelerating monetization” on those titles to “ensure a longer lifecycle as well as the typical effects of seasonality” because Q3 included China’s summer holidays, it said in an earnings release. Revenue for MMO games was 87.3 percent of total Q4 revenue, while mobile games was only 11.7 percent and other revenue just 1 percent, it said. Profit decreased 8.2 percent from the year-ago quarter to $59.4 million. Average monthly active users of Shanda MMO games decreased 3.8 percent from Q3 to 17.7 million, while average daily active users of its mobile games dipped 2.8 percent from Q3 to 558,900, it said. The company’s board received a preliminary nonbinding proposal letter in January from Shanda Interactive Entertainment, the controlling shareholder of Shanda Games, and an affiliate of Primavera Capital under which the companies proposed buying Shanda Games for about $1.9 billion and taking it private. Its board formed a special committee of independent directors to evaluate the proposal and it has “not set a definitive timetable for the completion of its evaluation of the proposed transaction,” Shanda Games said Friday.
A listing of recent antidumping and countervailing duty messages from the Commerce Department posted to CBP's website March 21, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at addcvd.cbp.gov. (CBP occasionally adds backdated messages without otherwise indicating which message was added. ITT will include a message date in parentheses in such cases.)
The Commerce Department issued the preliminary results of its antidumping duty administrative review on low-enriched uranium from France (A-427-818). The agency said the only company under review, affiliated companies Eurodif S.A., AREVA NC, and AREVA NC, had no exports of subject merchandise to the U.S. during the period of review. If Commerce's "no shipments" finding for AREVA is continued in the final results, subject merchandise from that company will continue to enter at AD rates set in previous reviews. These preliminary results are not in effect. Commerce may modify them in the final results of this review and change the estimated AD cash deposit rate for this company.
The Commerce Department issued the preliminary results of its antidumping duty administrative review on stainless steel bar from Brazil (A-351-825). The agency preliminarily calculated a zero-percent AD rate for Villares Metals S.A. If the agency's finding is continued in the final results, stainless steel bar from Villares entered between February 2012 and January 2013 will not be assessed AD duties, and future entries from Villares will not be subject to an AD cash deposit requirement until further notice. These preliminary results are not in effect. Commerce may modify them in the final results of this review and change the estimated AD cash deposit rate for these companies.
The Commerce Department issued the preliminary results of its antidumping duty administrative review on small diameter graphite electrodes from China (A-570-929). The agency calculated preliminary AD rates for seven companies, and preliminarily said 13 other companies will get the high China-wide entity rate because they didn't demonstrate independence from state control.
The Commerce Department issued the preliminary results of its antidumping duty administrative review on frozen warmwater shrimp from Vietnam (A-552-802). The agency calculated preliminary AD rates for two companies, and preliminarily assigned an average of those two rates to 30 other companies.
The Commerce Department issued the preliminary results of its antidumping duty administrative review on frozen warmwater shrimp from Thailand (A-549-822). The agency calculated preliminary AD rates for two companies, and preliminarily assigned an average of those two rates to 157 other companies. It also found 13 companies had no shipments to the U.S. during the period of review, and preliminarily decided that subject merchandise from those companies will continue to enter at AD rates set in previous reviews.
The Commerce Department issued the preliminary results of its antidumping duty administrative review on frozen warmwater shrimp from China (A-570-893). The agency said the only two companies under review, Hilltop and Newpro, did not respond to Commerce's inquiries during the investigation. As such, Commerce found them to be uncooperative and said they didn't demonstrate independence from Chinese government control. The agency preliminarily assigned them the high China-wide entity rate.
The FCC sought comment on the proposed sale of six lower 700 MHz B-block licenses from NTCH and affiliate WGH Communications to AT&T. “Preliminary review of the applications indicates that, as a result of the transaction, AT&T would be assigned 12 megahertz of Lower 700 MHz B Block spectrum in 18 counties in six Cellular Market Areas ... across parts of Georgia, Florida, Maryland, Nevada, New Mexico, and Texas,” the FCC said in a public notice. AT&T would hold 88-175 MHz in the counties covered, post-transaction, the FCC said (http://bit.ly/1jcdBfK). Petitions to deny are due April 3, oppositions April 14 and replies April 21. “To allow the Commission to consider fully all substantive issues regarding the applications in as timely and efficient a manner as possible, petitioners and commenters should raise all issues in their initial filings,” the FCC warned. “New issues may not be raised in responses or replies. A party or interested person seeking to raise a new issue after the pleading cycle has closed must show good cause why it was not possible for it to have raised the issue previously.”
The Commerce Department will require cash deposits of estimated countervailing duties on non-oriented electrical steel from Taiwan and China, but will not require cash deposits on NOES from South Korea, it said in a March 19 fact sheet announcing its preliminary CV duty determinations. For Taiwan, Commerce set CV duty cash deposit rates ranging from zero to 12.41%, depending on the exporter, beginning on the date Commerce publishes its affirmative preliminary determination. China Steel Corporation and several related Taiwanese companies received the zero rate, and won't be subject to CV duty cash deposit requirements. For China, CV duties at 125.83% will be retroactive back to 90 days before the publication date of Commerce's preliminary determination, because of the agency's finding of critical circumstances. But Commerce's negative preliminary determination for South Korea means imports from that country will avoid cash deposit requirements for the time being.