Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
Asia Pacific markets traded mixed on Friday morning as investors remained worried over trade tensions between the United States and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Crocs, the maker of those eye-catching rubber shoes, is struggling to keep a footing in the industry as rivals threaten to run away with its design.
Following years of legal disputes, the U.S. Patent and Trademark Office recently issued a final rejection of Crocs' key design patent, with the agency arguing in favor of retail rival USA Dawgs.
Crocs first accused rivals of infringing on its trademark molded-clog design in 2006. But Dawgs is fighting back, accusing Crocs' employees and directors of violating antitrust laws, and alleging that Crocs infringed on its own sandal design.
The patent office has told Crocs that its shoe design is not original. But Crocs told Footwear News that the retailer plans to appeal the agency's decision and will "continue to aggressively enforce its intellectual property portfolio against those who unfairly trade off of Crocs' goodwill and reputation."
A New York-based fashion lawyer, Elizabeth Kurpis, told Footwear News the agency decided Crocs' patent was invalid because it found a similar design published more than one year before Crocs' application.
Crocs' patent has already been rejected twice before, Kurpis told the publication. But a third rejection is typically "final and nonappealable through the USPTO," she said.
Crocs told Footwear News it's confident that the appeals process will result in a favorable outcome, allowing sales to continue.
A representative from Crocs didn't immediately respond to CNBC's request for additional comment.
Earlier this year, Crocs announced plans to bring in a new CEO and to shutter 160 of its brick-and-mortar locations — all part of a turnaround plan to revive sluggish sales.
Shares of Crocs have climbed 37 percent this year, thanks to renewed excitement around a collaboration with actress Drew Barrymore. Barrymore's line of Crocs is set to debut next spring.