DC Co-Founder Ken Block announced today that he has joined with Subaru to make the world’s fastest cat track operation automobile for backcountry access for snowboarding, dubbed teh TRAX STI.
» Read Full Story
The third chapter in Element’s “Make It Count” series, titled “Fire - The Ignition of Flames From Only a Spark,” was released November 1 and is available for viewing on the Element site.
» Read Full Story 
Twenty-two-year-old Surfer Erica Hosseini recently signed a deal to become the new face fro Flip Flop Shops, a retail chain that exclusively sells sandals from brands such as Reef, Sanuk and O’Neill.
» Read Full Story 
CIT Group Inc. announced Thursday, Oct. 29, that it has secured $4.5 billion in additional financing from lenders, according to an article posted on Yahoo.com:
“CIT is trying to restructure its debt before another $800 million of obligations come due at the beginning of November. The lender to about a million small and mid-sized businesses is looking at either filing for bankruptcy, or getting its current lenders to agree to new terms on their debt.
The new facility matures in 2012, and is backed by an estimated $30 billion of assets, which are also supporting a $3 billion loan the company received over the summer.
The $4.5 billion financing is a setback for activist investor Carl Icahn, who also had been trying to lend to the company.
CIT said the proceeds will be used to refinance some of the company’s existing secured debt, which it may have to pay off as it restructures debt. The loan will allow the company to continue serving the small and medium sized companies it lends to, the company said.
The 101-year-old company is trying to restructure its liabilities by getting investors to forgive at least $5.7 billion of debt and exchange their securities for new notes before October 29. Investors held about $30 billion in unsecured debt at the end of June, and the company had about $70 billion of assets at the time.”
Industry terrain park veteran, Nicholas Roma, has been named to the position of Terrain Park Manager for the Steamboat Ski & Resort Corporation.
» Read Full Story 
Bear Mountain and Snow Summit will open Friday in Big Bear Lakes, California, and Tahoe’s Mt. Rose will run its first lift Saturday, October 31 - each with early season lift ticket pricing.
» Read Full Story 
Charmcity’s Jason Chapman shares what’s been selling at his Baltimore, Maryland-based shop.
» Read Full Story 
The wintersports trade show Slide, created and held by Snowsport Industries of Great Britain, announced that it will hold the show nearly two weeks earlier than last year, from January 27-29.
» Read Full Story 
O’Quinn Clothing has just signed pro skater and accomplished surfer Tosh Townend to the team.
» Read Full Story 
A transcript of VF Corp’s Q3 conference call reveals positive numbers for several of the company’s brands, including Vans.
» Read Full Story 
The Biz Network is a collection of content from hand-picked personalities and organizations across the action sports industry. It's the ultimate source for behind-the-scenes perspective on the issues and events shaping our business. Look for more channels to be added soon.
 |
 |
 |
| Agenda Trade Show | TW Biz Staff | ASR Trade Show |
 |
 |
 |
| Imagine Marketing | 60-Second Sell | Market Watch |
October is here and TransWorld Business has an issue full of useful business insight, relevant news, and hot industry topics.
Subscribe to TransWorld Business| DJIA | 10023.42 | |||||||
| NASDAQ | 2112.44 | |||||||
| S&P 500 | 1069.30 | |||||||
| Billabong Intl Lt | 9.55 | |||||||
| Globe Intl Ltd | 0.35 | |||||||
| Jarden Cp | 26.81 | |||||||
| Pacific Sunwear O | 5.09 | |||||||
| V F Cp | 74.47 | |||||||
| Quiksilver Cp | 1.89 | |||||||
| Zumiez Inc. | 12.84 | |||||||
| Abercrombie & Fit | 35.01 | |||||||
| Orange 21 Inc. | 0.80 | |||||||
| Sorc | 0.00 | |||||||
| Volcom, Inc. | 16.53 | |||||||
| Nike Inc Cl B | 64.56 | |||||||
Visit our sister websites
»
Surf
Skateboarding
Snowboarding
Motocross
RIDEbmx
Quad
Business
Loading ...