Bettman: Flames Need New Arena Dodgers Unveil '15 Ticket Prices AHL Forms Five-Team Pacific Division Rogers Wins World Cup Of Hockey TV Rights Phillies Shake Up Front Office Glendale On Pace To Lose $8.8M On Arena Deal Hornets To Raise Season-Ticket Prices MLB May Not Let Players Take Part In Tourney D-Backs' Payroll High For Team, Low For MLB Hillsborough County Hires Firm With MLB Ties
Upcoming Conferences and Events
SBD/15/Sponsorships Advertising Marketing
LABOR PROBLEMS DROP TOPPS STOCK TO ROCK BOTTOM
Published December 15, 1994
Sportscard maker Topps Inc., "plagued" by labor problems in hockey and baseball, saw its stock plummet Wednesday after announcing it would stop dividend payments because of poor third- quarter earnings. Shares fell almost 24%, from $5.75 a share to $4.37 1/2 on the NASDAQ market. Topps' net income for the quarter ending November 26 fell 68%. Sales fell 8%, from $57.8M to $52.9M. The company blamed the decision to stop paying dividends on the NHL and MLB labor troubles (Michael Hiestand, USA TODAY, 12/15).