April 11, 2018 Justice Department Expands Hoop-Gate Charges
James Gatto was hit with more charges by the Justice Department in a revised complaint which describes payments through AAU teams to families of three more college athletes intended to steer them to NC State and Kansas, both Adidas schools. BoA and Citi Put Restrictions on Gun Companies
Bank of America said it would not provide financial services for gun makers who sell AR-style rifles, after Citibank said last month that it will prohibit its retailer customers from selling firearms without a background check or to under-21 buyers, and from selling high-capacity magazines or bump stocks. Columbia Buys Out China JV from Swire Resources
The Shanghai-based joint venture, which launched in Jan. 2014 with COLM owning 60% and Swire the other 40%, had 2017 sales of $168 million with low-teens operating margin. Starboard Nominates Four for Newell Board
Calling NWL’s deal with Carl Icahn that handed him control of five board seats an “act of desperation and self-preservation,” activist investor Starboard Fund put forward four candidates of its own. Deckers Wins $5 Million Jury Award
The Ugg parent prevailed in one of its many IP lawsuits over the Bailey Button Boot trade dress, winning a case originally filed three years ago in Central CA District Court against Romeo & Juliet. Yue Yuen Maintains Momentum in March
Despite the failed privatization of its Pou Sheng retail subsidiary, YY continues to outperform, with total revenue increasing 12.5% to $855,045,000 last month and Pou Sheng up 33.3% to $314,299,000. Etcetera: Academy Sports, LifeStraw
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