PORTLAND, Ore.--(BUSINESS WIRE)--Columbia Sportswear Company (NASDAQ:COLM) welcomed an August 10 ruling
by the United States District Court for the District of Oregon that
Seirus Innovative Accessories infringes one of Columbia’s design
patents. Columbia alleges that Seirus created its HeatWave products by
copying Columbia’s patented Omni-Heat® Reflective products, which have
earned industry-wide acclaim.
Columbia filed the suit against Seirus in Oregon in January 2015
accusing it of willfully infringing three patents relating to Columbia’s
revolutionary Omni-Heat® Reflective technology. One of the three
Columbia patents covers a particular design of a heat reflective
material.
In his decision, Judge Hernandez found that “The overall visual effect
of the Columbia and Seirus designs are nearly identical,” and that “The
striking visual similarity between Seirus’s design and Columbia’s
patented design is likely to confuse an ordinary observer, and
therefore, Columbia’s motion is granted.”
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ: SPLS) is hosting a special Teacher Appreciation Day across the country to help teachers save while they
prepare for the new school year. The first 100 teachers at each Staples
store on Teacher Appreciation Day, Wednesday, August 17, will receive a
free sample kit with special coupons; plus every teacher with a valid
teacher ID will receive 10% off of their purchase.
ANN ARBOR, Mich.--(BUSINESS WIRE)--National health spending in June 2016 was 5.2% higher than in June 2015,
totaling $3.36 trillion (seasonally adjusted annual rate). For the first
6 months of 2016, health spending grew at a rate of 5.3%, slightly below
the 2015 estimate of 5.5% made by the Centers for Medicare and Medicaid
Services (CMS), but modestly above the 4.8% rate that CMS projects for
all of 2016. The health spending share of gross domestic product (GDP)
stood at 18.2% in June, tied for the all-time high in our series, first
hit in February 2016.
Discussing faith, business, personal finance, news (business and financial related), politics, and pretty much everything else.
Monday, August 15, 2016
Wednesday, August 3, 2016
CreditCards.com Weekly Credit Card Rate Report: Average card APR remains locked at 15.18 percent
AUSTIN, TX - (PRNewswire) The average APR on new card offers held steady this
week, according to the CreditCards.com Weekly Credit Card Rate Report.
The average is comprised of 100 of the most popular credit cards in
the country, including cards from dozens of leading U.S. issuers and
representing every card category. Introductory (teaser) rates are not
included in the calculation.
Rates for card categories tracked by CreditCards.com are listed below:
For the eighth week in a row, the national average APR has remained fixed at 15.18 percent.
Interest rates on new credit card offers are currently near record highs and show few signs of dropping anytime soon. After increasing steadily earlier this year in response to the Federal Reserve's December 2015 rate increase, minimum rates on new credit card offers have largely remained unchanged. Since March 1, for example, the national average has changed just three times. It has increased twice and fallen just once.
A number of card issuers have increased maximum interest rates on new card offers; but the increases aren't reflected in the national average because CreditCards.com only considers a card's lowest available rate when calculating average interest rates.
The CreditCards.com credit card rate survey (permalink: http://www.creditcards.com/rate-report) is conducted weekly, using offer data from leading U.S. card issuers' websites. Introductory offer periods and regular interest rates will vary with applicants' credit quality and issuer risk-based pricing policies.
The average is comprised of 100 of the most popular credit cards in
the country, including cards from dozens of leading U.S. issuers and
representing every card category. Introductory (teaser) rates are not
included in the calculation. Rates for card categories tracked by CreditCards.com are listed below:
|
Credit Card Rate Averages
| |||
|
Avg. APR
|
Last week
|
6 months ago
| |
|
National Average
|
15.18%
|
15.18%
|
15.18%
|
|
11.98%
|
11.98%
|
11.96%
| |
|
14.38%
|
14.38%
|
14.35%
| |
|
13.12%
|
13.12%
|
13.12%
| |
|
13.42%
|
13.42%
|
13.42%
| |
|
15.32%
|
15.32%
|
15.26%
| |
|
15.08%
|
15.08%
|
15.17%
| |
|
15.29%
|
15.29%
|
15.28%
| |
|
18.04%
|
18.04%
|
18.21%
| |
|
22.56%
|
22.56%
|
22.88%
| |
|
Source: CreditCards.com
|
|||
|
Updated: 8-03-2016
|
|||
Interest rates on new credit card offers are currently near record highs and show few signs of dropping anytime soon. After increasing steadily earlier this year in response to the Federal Reserve's December 2015 rate increase, minimum rates on new credit card offers have largely remained unchanged. Since March 1, for example, the national average has changed just three times. It has increased twice and fallen just once.
A number of card issuers have increased maximum interest rates on new card offers; but the increases aren't reflected in the national average because CreditCards.com only considers a card's lowest available rate when calculating average interest rates.
The CreditCards.com credit card rate survey (permalink: http://www.creditcards.com/rate-report) is conducted weekly, using offer data from leading U.S. card issuers' websites. Introductory offer periods and regular interest rates will vary with applicants' credit quality and issuer risk-based pricing policies.
Monday, August 1, 2016
Business Updates
WICHITA, KS -Aug 1, 2016 (PRNewswire) - Spirit AeroSystems Inc. [NYSE: SPR] President & Chief Executive Officer Tom Gentile will speak at the Jefferies Industrial conference in New York, N.Y., on Tuesday, August 9, 2016, at 1:20 p.m. (EDT).
Individuals are advised to check the website ahead of time to ensure their computers are configured for the webcast.
On the web: www.spiritaero.com
On Twitter: @SpiritAero
NEW YORK, NY - Aug. 1, 2016 (PRNewswire) - Avon Products, Inc. (NYSE: AVP) ("we," "us," "our" or "Avon") announced today that it has commenced cash tender offers (each offer, a "Tender Offer" and, collectively, the "Tender Offers"), subject to certain terms and conditions, to purchase up to a total of $650 million aggregate principal amount of its outstanding (i) 5.750% Notes due 2018 (the "5.750% 2018 Notes"), (ii) 4.200% Notes due 2018 (the "4.200% 2018 Notes"), (iii) 6.500% Notes due 2019 (the"2019 Notes") and (iv) 4.600% Notes due 2020 (the "2020 Notes" and, together with the 5.750% 2018 Notes, the 4.200% 2018 Notes and the 2019 Notes, the "Securities"), subject to the Series Maximum Tender Amount (as defined below) for both the 2019 Notes and the 2020 Notes (together, the "Capped Securities").
The Tender Offers are scheduled to expire at 11:59 p.m., New York City time, on August 26, 2016 (such date and time, as it may be extended by us, the "Expiration Date"). The terms and conditions of the Tender Offers are described in an Offer to Purchase dated August 1, 2016 (the "Offer to Purchase") and a related Letter of Transmittal (together, the "Tender Offer Materials"). Holders of the Securities are urged to carefully read the Tender Offer Materials before making any decision with respect to the Tender Offers.
NEW YORK, NY - July 25, 2016 (PRNewswire) - Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Joy Global, Inc. ("Joy" or the "Company") (NYSE:JOY) for potential breaches of fiduciary duties in connection with the sale of the Company to Komatsu America Corp. for approximately $3.7 billion.
The Company's stockholders will only receive $28.30 in cash for each share of Joy common stock they own.
Click here for more information: www.faruqilaw.com/JOY. There is no cost or obligation to you.
The investigation focuses on whether Joy's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Joy's shareholders.
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