The International Trade Administration has issued a notice stating that it is postponing the final antidumping duty determinations on lemon juice from Argentina and Mexico until September 10, 2007.
Senators Max Baucus and Chuck Grassley have issued press releases praising the decision of the World Organization for Animal Health (OIE) to classify the U.S. as a "controlled risk" country with regard to bovine spongiform encephalopathy (BSE). In light of the findings, the Senators urged Korea, Japan and China to remove their restrictions on U.S. beef. (Press releases, 05/22/07, available at http://finance.senate.gov/press/Bpress/2007press/prb052207a.pdf and http://finance.senate.gov/press/Gpress/2007/prg052207a.pdf )
The Court of International Trade has ruled that it had no jurisdiction over claims brought by the plaintiffs Native Federation of the Madre de Dios River and Tributaries and the Natural Resources Defense Council, Inc., et. al. related to bigleaf mahogany timber imports from Peru.
The International Trade Administration has issued a notice seeking comments on whether it should consider granting complete or partial market-economy treatment to individual entities for the calculation of normal value in antidumping proceedings involving China, which is considered a non-market economy (NME).
The International Trade Administration has issued a notice announcing that it is revoking the countervailing duty order on low enriched uranium from France pursuant to the ITA's recalculation of the subsidy rate on remand by the Court of International Trade.
The International Trade Administration has issued its preliminary results of the following antidumping duty new shipper reviews:
In its 3rd week available, Activision’s Spider-Man 3 for PS2 was again the #1-rented videogame in the U.S., according to Rentrak’s preliminary Home Video Essentials data for the week ended May 20. The Xbox 360 version was again #2. The only new game in the top 10 was Activision’s Shrek The Third at #7.
The International Trade Administration has issued its final results of the antidumping duty administrative review of certain hot-rolled carbon steel flat products from the Netherlands for the period of November 1, 2004 through October 31, 2005.
EMI recommended investors accept a Pounds 2.4 billion ($4.73 billion) takeover by private equity group Terra Firma, Reuters and others reported Mon. Terra Firma is said to be planning to keep the music company intact. U.K.-based EMI and Warner have been talking merger on & off for 7 years but couldn’t close a deal, Reuters said. In preliminary results for the quarter ended March 31, EMI Group revenue fell 16% to Pounds 1.75 billion, pretax profits more than 60% to Pounds 62.7 million. But EMI Group digital revenue rose 46.5% to Pounds 164.2 million, or 9.4% of revenue. CEO Eric Nicoli blamed the losses on “worsening market conditions which affected the entire recorded music industry, with revenue declines in every major music market across the world.” The restructuring will “realign our investment focus and direct our resources to areas where we will make higher and more sustainable returns,” he said. Digital sales are the bright spot for EMI, making it “confident about our long-term future,” Nicoli said: “Although fewer CDs are being purchased, people are consuming more music in more ways than ever before,” and EMI is “well-equipped for the digital age.”
EMI agreed to a Pounds 2.4 billion ($4.73 billion) takeover by private equity group Terra Firma, Reuters and others reported Mon. Terra Firma is said to be planning to keep the music company intact. U.K.-based EMI and Warner have been talking merger on & off for 7 years but couldn’t close a deal, Reuters said. In preliminary results for the quarter ended March 31, EMI reported music sales dropped 15%, pretax profits more than 60%.