Vail Resorts, Inc. Reveals SEC Probe

Vail Resorts, Inc. announced that the Securities and Exchange Commission (“SEC”) has informed the Company that the SEC has issued a formal order of investigation with respect to the Company…

Former TNF Execs Settle SEC Fraud Allegations

Securities and Exchange Commission regulators said three former executives of outdoor apparel manufacturer North Face Inc have agreed to settle charges of accounting fraud related to allegations they inflated financial results…

Russell Corp Shows Dramatic Turnaround in 2002

Russell Corporation announced net sales for 2002 increased $3.4 million, or 0.3%, to $1.164 billion versus $1.161 billion in fiscal 2001. Excluding sales from businesses that were acquired or discontinued, 2002 net sales on an ongoing basis increased 2%

Benjamin Russell Will Retire From Russell Board

Russell Corporation announced that Benjamin Russell will retire as a member of its Board of Directors at the company's annual meeting in April 2003. Russell, 65, has been a member of the board since 1963…

Warren Buffett Wins Bidding for Burlington

Burlington Industries, Inc. and Berkshire Hathaway, Inc. announced Tuesday that they have executed a definitive agreement for Berkshire Hathaway to acquire Burlington Industries. Following emergence from Chapter 11, Burlington will operate as a wholly o

Huffy Narrows 2002 Loss on 13% Sales Increase

Huffy Corporation announced earnings from continuing operations, for the year ended December 31, 2002, were $4.6 million or $0.38 per common share compared to a loss from continuing operations of $8.4 million or $0.82 per common share for the prior year.

The North Face Helps Offset Daypack Woes at VF Corp.

VF Corporation reported sales in the company's Outdoor businesses rose 17% in the fourth quarter and 3% in 2002. An increase of 22% in first quality sales of The North Face brand products and an 11% increase in international Outdoor sales in 2002 wer