On December 13, 2010, Representative Levin (D), Chairman of the House Ways and Means Committee, introduced the Omnibus Trade Act of 2010 (H.R. 6517).
On December 6, 2010, the Court of Appeals of the Federal Circuit affirmed the Court of International Trade’s determination that the government owed Horizon Lines, LLC a refund for duties imposed on certain work performed on the ocean carrier Hawaii while the ship was overseas.
U.S. Customs and Border Protection has posted a revised version of its May 2010 frequently asked questions document regarding containers considered to be instruments of international traffic (IIT) that are imported into the U.S. with residue of bulk products.
The International Trade Commission has instituted a section 337 patent-based investigation1 of certain turbomachinery blades, engines, and components thereof pursuant to a complaint.
The Consumer Product Safety Commission issued a final rule to establish a publicly available and searchable database on CPSC’s Web site of consumer product safety incidents (and incidents involving other products and substances regulated by CPSC), as required by the Consumer Product Safety Improvement Act of 2008 (CPSIA).
The Animal and Plant Health Inspection Service has posted a comprehensive list of the “Special Case” Codes1 that are currently allowed to be used when completing the Lacey Act Declaration (PPQ 505 - Plant and Plant Product Declaration Form).
One of Zoran’s largest shareholders thinks the company’s shares are “deeply undervalued” and wants to replace its board with its own slate of directors, the shareholder, Ramius Value and Opportunity Advisors, told Zoran CEO Levy Gerzberg in a letter Monday. Copies were filed at the SEC. Ramius, which owns 8.3 percent of Zoran’s outstanding shares, said it blames the company’s “long-term fundamental underperformance and repeated missed expectations for revenue growth and profitability” for the stock’s performance. The letter said: “Shareholders have grown increasingly frustrated with the current direction and leadership of Zoran.” Changes in the board “must be implemented without delay to restore credibility and proper guidance in order to improve performance at Zoran,” the letter said. For example, Zoran’s “long-term objectives in the DTV business are unclear and misguided,” it said. “The DTV business is highly competitive, consisting of many low-cost Asian based suppliers fighting for market share and in some cases selling products at, or even below, cost.” Yet “management’s proposed solution to the current issues facing the DTV business is to continue to invest heavily in R&D and Sales and Marketing to attempt to recapture market share losses and improve gross margins by penetrating the tier-one market and de-emphasizing the tier-two market. We believe that this is an ill-advised strategy that will not succeed.” Zoran shares closed 4.3 percent higher at $8.03 in Monday trading. Zoran executives didn’t respond right away to requests for comment.
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 initiated administrative reviews of the antidumping and countervailing duty orders below, for certain specified companies listed in the initiation notice.
The International Trade Commission has instituted a section 337 patent-based investigation of certain liquid crystal display devices, including monitors, televisions, and modules, and components thereof pursuant to a complaint.