During Friday’s Current trade, Shares of Skechers USA Inc (NYSE:SKX), lost -0.46% to $120.17.
SKECHERS USA, Inc. (SKX), a global leader in the lifestyle and performance footwear industry and the number two footwear brand in the United States*, recently declared that it filed a lawsuit against Steven Madden Ltd. for selling footwear that infringes on the popular SKECHERS GO WALK® product line in addition to other popular SKECHERS product lines.
The suit, filed in the United States District Court for the Central District of California, seeks compensatory and punitive damages as well as injunctive relief for infringing on multiple SKECHERS’ patents. The suit states that Steven Madden is selling the infringing products under its Steven by Steve Madden Line under the style name Setta.
Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children, in addition to performance footwear for men and women under the Skechers GO brand name. It operates through four segments: Domestic Wholesale Sales, International Wholesale Sales, Retail Sales, and E-commerce Sales. The company offers casual footwear, counting boots, shoes, and sandals for men, in addition to oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, and relaxed fit casuals for men and women; casual fusion line for young men and women under the Skechers USA brand.
Shares of International Game Technology Ordinary Shares (NYSE:IGT), declined -0.39% to $17.89, during its current trading session.
International Game Technology PLC (IGT) declared that its wholly-owned partner, GTECH Corporation (“the Company”), has reached a five-year extension agreement with the Maryland Lottery and Gaming Control Commission to continue providing the Company’s INTELLIGEN™ central monitoring and control system for the existing video lottery terminal (VLT) program at the state’s five licensed VLT venues: Hollywood Casino Perryville, The Casino at Ocean Downs, Maryland Live! Casino, Rocky Gap Resort and Casino, and Horseshoe Casino Baltimore. Additionally under the extension agreement, the Company will provide technology and services to connect the VLTs at the state’s sixth licensed VLT venue, MGM National Harbor, which is predictable to open in the third or fourth quarter of 2016, to INTELLIGEN.
International Game Technology PLC operates and provides a range of services and technology products across lotteries, machine gaming, sports betting, and interactive gaming markets in North America, Asia, and Europe.
Stone Energy Corporation (NYSE:SGY), during its Friday’s current trading session decreased -5.12% to $9.63.
Stone Energy Corporation (SGY) offered a drilling and production update. In the Gulf of Mexico deepwater, operations at the Cardona #6 development well, located in Mississippi Canyon block 29, have been proceeding ahead of plan and below budget, and drilling has been accomplished through the targeted zones. The well encountered about 288 feet of net pay in two intervals, similar to the Cardona #5 net pay of 275 feet. Analysis of logging and pressure data confirmed the existence of oil in the pay zones. The well has been successfully cased and cemented across all productive zones, the subsea tree has been installed and completion operations have begun.
Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region. As of December 31, 2014, it had estimated proved oil and natural gas reserves of about 915 billion cubic feet of gas equivalent. The company was founded in 1993 and is headquartered in Lafayette, Louisiana.
Finally, FelCor Lodging Trust Incorporated (NYSE:FCH), decreased -0.37%, to $10.67.
FelCor Lodging Trust Incorporated (FCH) announced that it will release its second quarter financial results before the market opens on Tuesday, July 28, 2015. Management will discuss the company’s operating results and outlook during a conference call at 11:00 a.m. (Central Time) that day.
FelCor Lodging Trust Incorporated is a publicly owned real estate investment trust. The firm engages in investment and administration of properties in the hospitality industry. It invests in the real estate markets of the United States. The firm primarily invests in hotels with a focus on the ownership of upper-upscale, full-service hotels and resorts. It was formerly known as FelCor Suite Hotels, Inc. FelCor Lodging Trust was founded in 1994 and is based in Irving, Texas.
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