Ford Protects Its Logo Against Use By Toronto Mayor and 2 Other Hot Stocks to Watch
Ford Motor Co. (NYSE:F): Current price $17.100
On Wednesday, the embattled Toronto Mayo Rob Ford signed shirts with “Ford Nation” incorporating the company’s logo at a United Way charity event, according to the National Post, and that did not exactly sit well the automaker. Ford now says that it will protect its Ford script and oval logo from use by the other Ford’s supporters, with its spokesperson Jay Cooney saying that, “Ford did not grant permission for use of its logo. We view it as an unauthorized use of our trademark and have asked it to be stopped.” The mayor has now conceded for the first time that he bought illegal drugs while in office after admitting last week to the use crack cocaine and being drunk in public.
J.C. Penney & Co. (NYSE:JCP): Current price $8.55
Due to funds raised by J.C. Penney, the national nonprofit organization AdoptAClassroom.org was able to disperse over $1 million to teachers registered with that nonprofit, many of whom teach in Penney store communities spanning the country. The funds dispersed Thursday were raised during August through the retailer’s charitable giving program, JCP Cares, at which time back-to-school shoppers were invited to round their Penney’s purchases up to the nearest dollar and donate the difference to AdoptAClassroom.org. The $1 million raised was awarded to almost 7,000 teachers, and will be used to help them in purchasing school supplies for their classrooms.
Office Depot Inc. (NYSE:ODP): Current price $5.60
Office depot share are up about 3 percent Thursday as investors apparently welcomed the news of Roland C. Smith being given the responsibility of leading the provider of office products and services. The appointment of Smith as chair and chief executive came a week after the official finalization of the merger between Office Depot and OfficeMax.
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