Retractable Technologies: Q1 Earnings Snapshot
The Little Elm, Texas-based company said it had a loss of 35 cents per share. Losses, adjusted for non-recurring costs, came to 11 cents per share.
The syringe and medical products maker posted revenue of $8.3 million in the period.
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Yahoo
27 minutes ago
- Yahoo
Micah Parsons fallout: Jerry Jones' contract tactics with star players once again bite the Cowboys
In recent years, when Dallas Cowboys ownership was trying to negotiate a contract extension with one of the team's star players, an agent in the middle of the process reached a boiling point. Talks were at a difficult standstill, team owner Jerry Jones and son Stephen were renewing efforts to engage the player in a private meeting, and the agent had enough. So they picked up a phone and delivered a message directly to the Joneses. 'Stop trying to talk to my player without me.' Inside the agent community, this has been a familiar story. For years, player representatives have complained behind the scenes about how the Cowboys continue to go about their business in high-stakes negotiations. In drawn out contact talks, the furor has often been a climbing scale, beginning with general annoyance, transitioning to heated or passive-aggressive exchanges. In the worst cases, it has resulted in breaking off talks for long periods of time. Often, the familiar decay in negotiations shared an underlying theme inside the agent community, with representatives alleging that Jerry Jones had a history of attempting to manipulate players into discounted deals. First by isolating them in a face-to-face meeting without an agent present — sometimes under the guise of discussing something other than contract talks — then by pouring honey into their ear about being a lifelong member of the Cowboys, staying part of the Dallas family and sacrificing a little financially to win Super Bowl immortality together. [Join or create a Yahoo Fantasy Football league for the 2025 NFL season] Sometimes, it was an alleged sideswipe tactic that remained tucked behind a curtain of secrecy, with both sides choosing to keep any rising animus private. Other times, it seeped out in telltale moments that are likely still fresh in the minds of Cowboys fans. Moments like quarterback Dak Prescott repeatedly and publicly putting his agent, Todd France, front and center as the conduit who would complete his last two drawn-out — and sometimes prickly — contract extensions. Or the representatives of former running back Zeke Elliott not only holding him out of training camp in 2019, but moving him to Cabo San Lucas, Mexico so he could train and more easily remain out of direct communications with the Jones family. Those were two of the higher profile instances of star Cowboys players trying to keep their contract negations in the hands of their agents in an effort to realize their full value as players. But there have been others, too. What there hasn't been up to this point, is a star player willing to step out and directly challenge the way Dallas and Jerry do business. That is, until Friday, when edge rusher Micah Parsons laid his lengthy concerns bare on social media, requesting a trade and stating that he no longer wanted to be a part of the Cowboys. Within it, there was one cutting line that has been a siren scream inside the player and agent ranks: 'I no longer want to be held to close door negotiations without my agent present.' That line was a reference to a March meeting between Parsons and Jerry Jones that ultimately left the Cowboys owner feeling as if he had directly negotiated a new extension with his pass rusher. Parsons then went on to spell out some previously untold aspects of that meeting. 'In March I met with Mr. Jones to talk about leadership,' Parsons wrote on social media. 'Somehow the conversation turned into him talking contract with me. Yes I engaged in a back and forth in regards to what I wanted from my contract, but at no point did I believe this was supposed to be a formal negotiation and I informed Mr. Jones afterward my agent would reach out thinking this would get things done. But when my agent reached out and spoke to [senior director of salary cap and player contracts Adam Prasifka] he was told the deal was pretty much already done. My agent of course told him that wasn't the case and also reached out to Stephen Jones. Again the team decided to go silent.' [Get more Cowboys news: Cowboys team feed] Parsons said it was at that point he and his agent, David Mulugheta of Athletes First, made the decision to let the Cowboys reach out when they were ready to do a deal. According to Parsons, 'Up to [Friday], the team has not had a single conversation with my agent about a contract.' For Cowboys fans and the franchise in general, the post by Parsons is an earthquake of significant magnitude. It's the first time a star player has been this expansive about a problem that agents and players have complained about for a while: A penchant to cut agents out of the process and try to cut deals directly with players using tactics or criteria that clearly are meant to create a negotiating advantage for the team. This despite Parsons saying on more than once occasion that he wanted Mulugheta to play a role in negotiating his extension. In the past, Dallas has honored those requests in the midst of bank-breaking talks with the likes of Prescott, Elliott, CeeDee Lamb and others. For reasons that only the Jones family can speak to, it appears they are refusing to honor it with Parsons. It's a reality that Jerry all but said directly in July, when he suggested that he had an agreement in place between himself and Parsons. 'I'm really not going to get into responding to what Micah said I said, or what [Micah] said he said, or what Mulugheta said, or what Stephen said,' Jerry insisted. 'I'm not getting into any of that at all. We're where we are. I sign the check. Period. … Micah, he's confident in himself, he should be, he's extraordinarily bright — I can't emphasize that enough. He's very capable of negotiating anything he wants to negotiate.' In the agent community, that smacks of a my-way-or-the-highway stance. And it's how you get to the point of pushing negotiations off the table completely — only to be replaced with a trade demand. Right now, it appears that's exactly what has transpired inside Dallas. But rather than the end of this story being a record-breaking deal that heals all wounds — as has been the case in so many other acidic contract talks for Jerry Jones and Dallas — it appears the only thing broken is the resolve of Micah Parsons to remain a Cowboy.
San Francisco Chronicle
40 minutes ago
- San Francisco Chronicle
S.F.'s Philz Coffee to be purchased by private equity firm for $145 million
Los Angeles-based private equity firm Freeman Spogli & Co. has made a bid to acquire popular San Francisco-grown coffee chain Philz coffee. The firm has previously invested in food franchises Popeyes and El Pollo Loco, as well as Petco. The value of the pending transaction is $145 million, according to reports to stakeholders obtained by Mission Local, which first reported the deal on Friday. Jacob Jabor, son of Philz founder Phil Jaber, did not respond to an inquiry from the Chronicle. Freeman Spogli could not immediately be reached for comment Friday. The deal is reportedly expected to close on Aug. 8, and stockholders have until Aug. 5 to receive an appraisal of their shares. Other stakeholders in the deal are investment firms Summit Partners and TPG Growth, according to Mission Local. Meanwhile, the company's common stock holders, including employees, are expected to see their stock canceled under the terms of the agreement, the outlet reported. Phil Jabar went from owning a corner store to a venture capital-backed business raising some $75 million in funding, after launching Philz out a storefront at 24th and Folsom streets storefront in the city's Mission District more than two decades ago. That location popularized the company's distinct one-cup-at-a-time pour-over style, which is executed by baristas working at separate stations.
CBS News
an hour ago
- CBS News
Arlington's Decorators Warehouse braces for impact amid rising import costs
As new U.S. tariffs are set to take effect next week — raising rates as high as 40% for dozens of trading partners — small businesses across Texas are preparing for the fallout. Among them is Decorators Warehouse, a long-running holiday décor destination in Arlington. Inside the store, customers are greeted by an explosion of ornaments, wreaths, and festive displays. "It's fabulous. I'm like a kid in a candy store," one shopper said, echoing the sentiment of many who visit the store year-round. But behind the sparkle and cheer, owner David Hanson is facing a growing challenge. "The uncertainty around that has been very, very hard," Hanson told CBS News Texas. He said tariffs touch every corner of his business, which sources nearly all of its products from overseas. "Almost all of it comes from every country in the world," Hanson said. "We get it out of the Far East, we get it out of Europe, comes out of the Philippines, China—you name it." The financial impact is already being felt. "This container of lights cost me $150,000. Now I add a 30% tariff to that—I'm immediately paying $45,000 more than I ever paid," Hanson explained. "I hear it all the time: 'Well, I'm not paying the tariffs, China is.' They are not paying the tariff. I am paying the tariff. As soon as it hits the United States, I pay the tariff." Hanson said the burden doesn't stop with business owners. "You do. I do. Our families do," Hanson said. "And there's no way around that. At some point, you simply can't eat it all." Carletta Wilson, a designer from Arkansas and a frequent customer, said the uncertainty is affecting more than just retailers. "This is my happy place. This is where I spend hours," she said. Wilson worries about the broader economic impact. "The thing that's going to be extra devastating is the job loss that's happening all over," she said. "If customers cannot afford our items, no matter how much we price them at, that's where it's going to be devastating even more to all of us." "As the tariffs increase, our costs increase. People are losing their jobs. It's going to be a choice whether to pick it up or not. Because people are worried." To get ahead of the uncertainty, Hanson placed orders for this year's holiday season last September. For now, he said, Decorators Warehouse will not pass along tariff-related price hikes to customers. "We have people that are nervous. They're a little uncertain," Hanson said. "We're here to help them have a good year. So that's our approach to everything." Still, Hanson knows the relief may be temporary. "I deal with the uncertainty to give you the holiday cheer," he said. "That's a good way to put it. I like that a lot."
