T-Mobile USA’s Q4 profit rose 26 percent year-over-year to $483 million, boosting parent company Deutsche Telecom’s mobile unit profits. But Deutsche Telecom swung to a Q4 loss on impairment charge and job cut related expenses. It managed to narrow the net loss to $920 million from $949 million a year ago. DT will combine mobile and fixed-line units to cut costs and grow market share to fend off a global recession.
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 made a final affirmative antidumping duty determination that certain steel threaded rod from China is being, or is likely to be, sold in the U.S. at less than fair value.
Verizon Wireless said it filed a lawsuit to stop a telemarketing company in Utah from calling its customers and employees to advertise the coming movie The Velveteen Rabbit. The suit in U.S. District Court in Trenton, N.J., alleges that Feature Films for Families illegally used an autodialer to call Verizon Wireless customers on behalf of a company called Family 1 Films. Nearly 500,000 calls were made to Verizon Wireless customers and employees from the telephone number 917-210-4609. When customers answered these calls to their wireless phones, they heard a recorded voice message or a person reading a script promoting the film. The suit alleges violations of the Federal Telephone Consumer Protection Act, which makes it illegal to use an autodialer to make calls to wireless phones, as well as state fraud and privacy laws. Verizon filed a motion seeking a preliminary injunction to stop the calls.
The International Trade Administration has issued an antidumping duty order on small diameter graphite electrodes from China.
The International Trade Administration has issued the final results of its antidumping duty changed circumstances review of wooden bedroom furniture from China and is partially revoking the AD duty order with respect to certain toy boxes.
Vizio will suffer “irreparable harm” without an FCC temporary order requiring Funai to license it for a DTV- related patent, Vizio said in a petition filed at the commission. The company is asking the FCC to order Funai to temporarily license Vizio for the so-called ‘074 patent under the reasonable and non-discriminatory (RAND) terms required by the ATSC standard.
The International Trade Administration has initiated countervailing duty investigations to determine whether manufacturers, producers, or exporters of Ni-resist piston inserts from Argentina and the Republic of Korea (South Korea) receive countervailable subsidies.
Vizio sold about 3.6 million LCD TV units in the U.S. in 2008, falling short of its fall forecast of 3.8 to 4 million units (CED Oct 27 p1), reduced from 4.5 to 4.6 million. Vizio’s 2008 revenue was more than $2 billion, up from $1.9 billion a year earlier, the company said. Vizio said it sold 1.23 million units in Q4, up 15 percent and the largest quarterly shipment in the company’s history. The company said preliminary iSuppli data show that it accounted for 15 percent flat-panel TVs sold Q4.
The International Trade Administration is initiating and issuing the preliminary results of a changed circumstances review of the antidumping duty order on gray portland cement and clinker from Mexico (cement order).