On Tuesday, Geron Corporation(NASDAQ:GERN)’s shares inclined 1.50% to $3.38.
Geron Corporation (GERN) stated financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Results
For the second quarter of 2015, the company stated a net loss of $9.4 million, or $0.06 per share, contrast to $8.7 million, or $0.06 per share, for the comparable 2014 period. Revenues for the second quarter of 2015 were $251,000 contrast to $341,000 for the comparable 2014 period. Interest and other income for the second quarter of 2015 amounted to $145,000 contrast to $99,000 for the comparable 2014 period. The company ended the second quarter of 2015 with $157.0 million in cash and investments.
Total operating expenses for the second quarter of 2015 were $9.7 million contrast to $9.0 million for the comparable 2014 period. Research and development expenses for the second quarter of 2015 were $4.8 million contrast to $5.2 million for the comparable 2014 period. General and administrative expenses for the second quarter of 2015 were $4.0 million contrast to $3.9 million for the comparable 2014 period. Operating expenses for the 2015 second quarter also comprised of restructuring charges of $941,000 in connection with the company’s organizational resizing declared in March 2015.
Geron Corporation, a clinical stage biopharmaceutical company, focuses on the development of telomerase inhibitor, imetelstat, for treating hematologic myeloid malignancies. It has partnership and license agreement with Janssen Biotech, Inc. to develop and commercialize imetelstat worldwide for indications in oncology, counting hematologic myeloid malignancies and other human therapeutic uses. The company was founded in 1990 and is based in Menlo Park, California.
Google Inc(NASDAQ:GOOG)’s shares gained 2.32% to $614.66.
Google will start testing a delivery service for fresh food and groceries in two U.S. cities later this year, stepping up competition with online retailer Amazon.com and startup Instacart.
The trial will start in San Francisco and another city, said Brian Elliott, general manager of Google Express, which already delivers merchandise, counting dry foods, to customers. Whole Foods Market and Costco Wholesale will be among Google’s partners for the new service, he said.
Google is investing in delivery services for homes and businesses as it seeks to lure more traffic to its websites. The move puts the company in more direct competition with Amazon, which has rolled out its AmazonFresh service in several U.S. cities. In April, a report showed the e-commerce giant was the lowest-cost among rivals in New York. Online groceries are a $10.9 billion industry in the U.S., and the market is predictable to grow 9.6 percent annually through 2019, according to a December report by IbisWorld.
Google Inc., a technology company, builds products and provides services to organize the information. The company offers Google Search, which provides information online; Google Now that offers information to users when they need it; AdWords, an auction-based advertising program; AdSense, which enables Websites that are part of the Google network to deliver ads; DoubleClick Ad Exchange, a marketplace for the trading display ad space; and other advertising platforms, such as AdExchange and AdMob.
At the end of Tuesday’s trade, Premiere Global Services, Inc.(NYSE:PGI)‘s shares surged 1.95% to $11.00.
PGi (PGI), the world’s largest dedicated provider of partnershipsoftware and services, recently declared that Kocsis Technologies, Inc., chose iMeet for all-in-one web, video and audio conferencing to meet its global partnershipneeds. The world leader in hydraulics technology saved 50% by switching to iMeet and raised revenue opportunities by leveraging iMeet to expand its customer relationships worldwide.
iMeet gives users the power to meet via web, video or audio conferencing—however and wherever they want—from a single, easy-to-use desktop, web or mobile application, or any telephone device. iMeet was designed to have the industry’s most elegant and appealing user interface, to be the most intuitive and enjoyable way to meet online.
In addition to all-in-one web, video and audio conferencing, PGi’s expanding iMeet portfolio of unified communications and partnership(UC&C) products also comprises webcasting and an award-winning smart calendar app. PGi recently declared the integration of iMeet into all popular video room systems and endpoints, extending the utility of an organization’s video investments to any desktop or smart mobile device. In the coming months, iMeet will release several new innovations in online team operate spaces, project administration and sales acceleration.
Premiere Global Services, Inc. provides partnership software and services in North America, Europe, and the Asia Pacific. Its partnership platform enables business users and teams to connect and share ideas and manage projects with everywhere-access of the cloud technologies.
CMS Energy Corporation(NYSE:CMS), ended its Tuesday’s trading session with 1.30% gain, and closed at $32.64.
More than 610,000 Consumers Energy customers have started receiving improved service with upgraded electric meters as far north as the tip of the Lower Peninsula.
The Boyne City region joins West Michigan, Kalamazoo and Flint as areas where the meters have been installed. Consumers Energy will install 1.8 million upgraded meters by the end of 2017.
The upgraded meters will assist Consumers Energy to be more efficient and control costs better, and provide households and businesses with online access to their energy use information that assists them to track their energy usage more closely, saving energy and money, Rochow said.
Consumers Energy began updating electric meters this summer in the Flint, Kalamazoo and Boyne City regions. The Battle Creek, Cadillac, Jackson, Ludington, Saginaw and Tawas regions are planned for meter upgrades in 2016, while the Clare, Lansing and Midland areas will get meter upgrades in 2017. As part of the upgrade, Consumers Energy will also install communication modules on natural gas meters of customers who also receive electric service, allowing remote meter reads of gas meters through the electric meters.
CMS Energy Corporation operates as an energy company primarily in Michigan, the United States. The company’s Electric Utility segment engages in the generation, purchase, distribution, and sale of electricity to residential, commercial, and various industrial customers in Michigan’s Lower Peninsula. It operates a network of coal, gas, hydroelectric, oil, and wind generation plants. This segment’s distribution system comprises 434 miles of high-voltage distribution radial lines; 4,261 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 56,022 miles of electric distribution overhead lines; 10,304 miles of underground distribution lines; and substations with an aggregate transformer capacity of 24 million thousand volt-amperes. The company’s Gas Utility segment is involved in the purchase, transmission, storage, distribution, and sale of natural gas.
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