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Tell area residents there’s money in snowy weather, and they’ll agree, citing the cost of home heating fuel, gasoline for the snowblower, salt for the driveway and other expenses.

But the white stuff also brings a multi-million-dollar lift to the broader economy, thanks to those who see more adventure than adversity in storms like the one that hit the region Sunday.

“It’s nice to see snowy winters like we’ve always had in the Adirondacks   …  More

Huntington Beach surf apparel company Quiksilver Inc. said it sold its snowboard subsidiary, Mervin Manufacturing, for $58 million and plans to sell other non-core businesses as it refocuses its strategy on its top-selling brands.

Quiksilver Chief Executive Andy Mooney said the downsizing will enable the company to concentrate on its three core brands — Quiksilver, Roxy and DC Shoes. He said the planned unloading   …  More

Pacific Vector Holdings Inc. /quotes/zigman/18034071/realtime CA:PVH +8.33% (“Pacific Vector” or the “Company”) a premier action sports retail and consumer brands company announced today that it has completed the transaction with DNA LLC which was previously announced on October 2, 2013. The Company has been operating the DNA LLC brand under an agreement since October 2nd which is the time between signing and close.

Through its wholly owned subsidiary, PVH DNA Inc., the Company purchased a controlling interest in DNA LLC (“DNA”) and has entered into an ongoing licensing agreement with DNA LLC which allows PVH DNA Inc. to capture 100% of the operations going forward.

DNA owns iconic skateboarding brands Alien Workshop, Habitat and Reflex, which have been in operation for over 23 years with trailing twelve months sales of over $7.5 million   …  More

Nitro Circus Live and Godfrey Entertainment, respectively the international touring company and intellectual property owner of the Nitro Circus action sports franchise created by Travis Pastrana and Gregg Godfrey in 2003, today announced that they have consolidated Nitro Circus into a single company. The transaction was facilitated by an investment from The Raine Group, a media, sports and entertainment merchant bank headquartered in New York. Terms were not disclosed.

The investment establishes Nitro Circus as a fully-integrated global youth entertainment company, with opportunities to expand further into television, home entertainment and film. The investment will also facilitate   …  More