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Pressure Bulids for Obama to Intervene in West Coast Labor Talks
Pressure on President Obama to intervene in contract talks between the International Longshore and Warehouse Union and Pacific Maritime Association continued to build Tuesday when more than 160 trade associations and communities sent another letter urging him to appoint federal mediators to help the two sides reach an agreement...
Alibaba CEO Lays Out Company's Anti-Counterfeiting Efforts
Alibaba Group has spent RMB1 billion ($160.7 million) in the year ended Nov. 30 fighting counterfeit goods and enhancing consumer protection online, the company's CEO Jonathan Lu said Tuesday. Lu said the company has assigned more than 2,000 employees to a task force that has worked with Chinese law enforcement to prosecute dozens of cases, including many involving counterfeit Nike, Jordan, Ugg, Adidas gear...(12/23/2014)
Consumer Spending Helped Push Q3 GDP Growth to 5.0 Percent
The economy grew at its fastest rate in 11 years in the third quarter, according to a third estimate released by the Bureau of Economic Analysis (BEA) that showed consumer spending increased more than thought and sent the prices of many U.S. consumer stocks upward...(12/23/2014)
Bass Pro's Debt Ratings Unimpacted by Fishing Holdings AcquisitionNo Impact on Debt Ratings
Moody's Investors Service said that Bass Pro Group, LLC's Dec. 11, 2014 announcement that it has agreed to acquire fishing boat maker Fishing Holdings, LLC from Platinum Equity is a modest credit negative because leverage will increase moderately, but has no impact on Bass Pro's Ba3 Corporate Family Rating, B1 secured term loan rating, or the stable rating outlook...(12/23/2014)
Hanesbrands Files Trademark Suit against Gildan
Hanesbranes Inc. filed a trademark infringement lawsuit against Gildan Activewear Inc. The lawsuit claims Gildan's use of TEMPFX infringes on Hanesbrands' X-Temp trademark...
Japan's Yomiuri Giants to Wear Under Armour in 2015
The Yomiuri Giants, Japan’s best-known baseball team, will be outfitted by Under Armour in 2015, under a new agreement. The multi-year apparel and accessories partnership was announced in Tokyo by the team and Dome Corp., which is licensed to sell the Baltimore-based company’s products in Japan...(12/23/2014)
New Era Cap to Make Golf Caps
New Era Cap announced the introduction of technologically advanced caps designed to meet the specific performance needs of golfers. The company is making the caps available to a limited number of golf shops in 2015. New Era Golf signed a four-year deal with world golf champion Martin Kaymer earlier this week...(12/23/2014)
Two Thirds of Shoppers to Buy at Least Half of Their Gifts Online
New Mintel research conducted just this month finds that two thirds (67 percent) of online holiday shoppers plan to buy at least half of their presents online. The number climbers even higher among Millennials, Generation X and those with...(12/23/2014)