A listing of recent antidumping and countervailing duty messages from the International Trade Administration posted to CBP's website Jan. 15, 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 International Trade Administration issued the final results of the antidumping duty administrative review of tapered roller bearings and parts thereof, finished and unfinished, from China (A-570-601). Of the five reviewed companies, only two qualified for separate rates. The ITA assigned the other three the China-wide entity rate. The new rate is effective Jan. 16, and will be implemented by CBP soon.
Pressure in the video category led to a drop in hhgregg revenue for fiscal Q3 2013, ended Dec. 31, the company said in announcing preliminary results Monday. Fiscal Q3 same-store sales dropped 9.7 percent, hhgregg said. Projected net sales fell about 3.6 percent to $799.6 million from the year-ago quarter, led by the video category, which plummeted by 24.6 percent, according to company estimates. In other categories, computing and mobile phones increased 16.2 percent and appliances 6 percent, while the “other” category sank 23.7 percent, the company said. Hhgregg expects net income of approximately $17.4 million for fiscal Q3 2013, compared with profit of $22.5 million for in the year-ago quarter, it said. CEO Dennis May said that “fundamental shifts across the video category” affected sales, “and we were disappointed in our video performance.” He blamed declining demand for flat-screen TVs along with “broadened distribution of large-screen televisions” for negatively impacting overall store traffic and video sales. “During the quarter, we placed less emphasis on lower-end promotional televisions to bolster gross margin rates, which led to an increase in video category and total company gross margin rates,” May said. The retailer continued to test new product categories throughout the quarter along with financing options to “diversify our business and reduce our dependence on new product innovations” in video, he said. Positive sectors for hhgregg included appliances, furniture, mobile phones and Apple products, he said. The company revised its forecast for the full fiscal year to $0.70 to $0.80 net income per diluted share, compared with previous guidance of $0.90 to $1.05 net income per diluted share. The company expects comp store sales for the year to be negative 8.5 percent to negative 7.5 percent, compared with previous projections of negative 6 percent to negative 4 percent. Hhgregg shares ended the day down 5.7 percent to $7.44.
The Commerce Spectrum Management Advisory Committee’s push to delve deeper into spectrum sharing, especially in the 1755-1850 MHz, is starting to bear fruit. CSMAC is slated to hear reports at its meeting Thursday from several of its key working groups looking at the hundreds of issues that will arise if government users in the band share the spectrum with commercial operators. But several of the groups say they won’t meet a February due date for final reports.
The Foreign Trade Zones Board issued the following notices for Jan. 14:
A listing of recent antidumping and countervailing duty messages from the International Trade Administration posted to CBP's website Jan. 11, 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 International Trade Administration published notices in the Jan. 11 Federal Register on the following AD/CV proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms, or effective dates will be detailed in another ITT article):
A listing of recent antidumping and countervailing duty messages from the International Trade Administration posted to CBP's website Jan. 10, 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 International Trade Administration published notices in the Jan. 10 Federal Register on the following AD/CV proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms, or effective dates will be detailed in another ITT article):
The International Trade Administration issued the preliminary results of its antidumping duty administrative review of certain cased pencils from China (A-570-827). The ITA preliminarily assigned Dixon Stationary1 an AD rate of 92.46 percent, . It also rescinded the review with respect to three companies for which review requests were withdrawn.2 These preliminary results are not in effect. The ITA may modify them in the final results of this review and change the estimated AD cash deposit rates for this company.