On December 17, 2010, Representative Sanchez1 (D) introduced the Enforcing Orders and Reducing Customs Evasion (ENFORCE) Act of 2010 (H.R. 6549), a bill that is intended to help eliminate schemes by foreign producers to evade payment of antidumping and countervailing duties.
The International Trade Administration has issued the final results of the antidumping duty administrative and new shipper reviews of freshwater crawfish tail meat from China for the period of September 1, 2008 through August 31, 2009 (A-570-848).
Liberty Media filed to split off Liberty Capital and Liberty Starz, in an effort to bolster their stock price, the company said. At the same time, Liberty Media will convert the Liberty Interactive tracking stock into an asset-based security. In a preliminary proxy filed Thursday with the SEC, Liberty Media said the tax-free split-off will create a separate Splitco entity and give Liberty Capital and Liberty Starz shares in the new company. Splitco hasn’t been named yet, but will contain the Liberty Capital and Liberty Starz tracking stocks. A special shareholder meeting to vote on the split will be in 2011, but the date hasn’t been finalized, according to SEC documents. Liberty Interactive will contain Expedia, QVC and several other Internet companies. Liberty Capital contains Starz Media, the Atlanta Braves, TruePosition, 40 percent ownership of Sirius XM Radio and minority equity investments in Time Warner Cable, Live Nation and Time Warner Inc. Liberty Starz contains premium programmer Starz Entertainment, which has 16 channels, and was spun off from Liberty Entertainment in 2009. In preparing for the deal, Liberty Media earlier this month sold its 60 percent of IAC Interactive for $220 million and IAC’s Evite and Gifts.com businesses. The split will “simplify the complexity” tied the company’s three tracking stock structure since Splitco will have two tracking stocks and Liberty Media will keep “pure play, asset-based stock,” Liberty Media said. The company was “burdened” by “complexity discount” on its stock and simplifying the capital structure will cut the discounts at which the tracking stocks trade and encourage investment in them, Liberty Media said.
The International Trade Administration has issued the preliminary results of its administrative review of the antidumping duty order on polyethylene terephthalate film, sheet, and strip from United Arab Emirates (A-520-803) covering the period November 6, 2008 through October 31, 2009. Interested parties are invited to comment on these preliminary results.
The International Trade Administration frequently issues notices on antidumping and countervailing duty orders, investigations, etc. which Broker Power considers to be "minor” in importance as they concern actions that occur after an order is issued, neither announce nor cause any changes to an order’s duty rates, scope, affected firms, or effective period, etc.
The International Trade Administration has issued the preliminary results of the administrative review of the antidumping duty order on certain circular welded non-alloy steel pipe from Mexico (A-201-805) covering the period November 1, 2008 through October 31, 2009. Interested parties are invited to comment on these preliminary results.
The International Trade Administration has issued the preliminary results of its countervailing duty changed circumstances review of certain pasta from Italy to determine whether revocation of the CV duty order is warranted with respect to gluten-free pasta.
Ubisoft declined comment Tuesday after Ultimate Fighting Championship owner Zuffa sued the publisher in U.S. District Court, Las Vegas, over the new Kinect for Xbox 360 videogame Fighters Uncaged. The plaintiff claimed the publisher was guilty of trademark infringement due to wording on the back cover of the game’s packaging that “invites players to ‘Become the ULTIMATE FIGHTING weapon’.” Zuffa also claimed in the suit, filed Thursday, that Ubisoft was guilty of trademark dilution, unfair competition and deceptive trade practices. It asked for unspecified damages, legal fees, and preliminary and permanent injunctions.
The International Trade Administration has issued the preliminary results of the administrative review of the antidumping duty order on lightweight thermal paper from Germany (A-428-840) covering the period November 20, 2008 through October 31, 2009. Interested parties are invited to comment on these preliminary results.
The International Trade Administration has issued the preliminary results of the administrative review of the antidumping duty order on circular welded non-alloy steel pipe from Korea (A-580-809) covering the period November 1, 2008 through October 31, 2009. Interested parties are invited to comment on these preliminary results.