Lakeway, TX -- (SBWIRE) -- 02/19/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
J.C. Penney Company, Inc. (NYSE:JCP) has asked a federal court in its home state for a declaratory ruling on whether a style of weather-resistant boots that it recently started selling can continue to be called "Aspen" for certain labeling and packaging purposes.
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"Aspen is a weak trademark as a matter of law and is entitled to only a narrow scope of protection, if any," J.C. Penney's complaint states. "Defendant's 'Aspen' mark lacks commercial strength because it is commonly used by third parties in the marketplace in connection with footwear and because of its generic reference to a geographical location."
Aspen Licensing International Inc. owns a trademark for various commercial uses of the word "aspen."
In November the company sent a cease-and-desist demand letter to J.C. Penney headquarters, alleging that its advertising and sale of cold-weather boots referred to by the style name "Aspen" infringed on that trademark, according to the federal complaint.
Shares of Cedar Fair, L.P. (NYSE:FUN) fell by 15 cents or 0.39% to $38.01 in the afternoon session following the news of company revealing its fourth-quarter loss of $10.4 million, hurt by a drop in admissions revenue and lower sales from food, merchandise and games.
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For the fourth quarter the company posted a loss that amounted to 19 cents per limited partner unit and compared with a loss of $2 million, or 4 cents per limited partner unit, in the final three months of 2011.
Revenue fell by 11% to $129.2 million.
Admission revenue fell by 13% to $78.9 million, while revenue from food merchandise and games fell 12% to $37 million. Accommodation and other revenue rose 13% to $13.3 million.
For the full year the company posted earnings of $101.2 million, or $1.81 per limited partner unit, up by almost 43% in comparison to last year.
Revenue grew by 4% to $1.07 billion.
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