Change at the Top: New CEO Looks to Boost Billabong

July 19 (Bloomberg) -- Billabong may have avoided a wipeout this week when it received a $294 million refinancing deal from Altamont Capital. Under the terms of the deal the company would sell its Dakine Brand to Altamont for $70 million but there is a competing proposal on the table. In either case, CEO Launa Inman would be replaced by Scott Olivet, the former Chairman of Oakley. Paul Allen reports on the company's future. (Source: Bloomberg)
Cuba's Vidal News Conference: Status of Talks With U.S.
21:40 - Josefina Vidal, Cuba's director of U.S. policy, talks about progress made in negotiations toward the normalization of relations between the two countries and the outlook for re-establishment of diplomatic missions. Vidal speaks at a news conference in Washington. (This report is in Spanish and English. Source: Bloomberg)
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