On Wednesday, Shares of Ford Motor Co. (NYSE:F), lost -0.39% to $15.20.
Ford Motor Company, said Toyota Motor Corp is studying the open-source version of Ford AppLink, called SmartDeviceLink (SDL), to integrate smartphone apps into its vehicles in future, according to Reuters.
SDL technology integrates smartphones apps with vehicles through dashboard buttons, display screens and voice recognition technology.
Toyota is engaging with the SDL project and investigating further partnership with Ford and Livio, Ford’s wholly owned partner which is the project maintainer for the SmartDeviceLink software, Ford said in a statement.
Ford created the SDL software in February 2013 to contribute to its in-car smartphone app interface called Applink as an open-source project, it said. Reuters Reports.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of Gevo, Inc. (NASDAQ:GEVO), declined -13.27% to $3.40, during its last trading session.
Gevo, declared that it has reached a contract with FCStone Merchant Services, LLC to originate and supply corn for Gevo’s plant in Luverne, Minn.
Engaging FCStone to conduct Gevo’s corn purchasing at Luverne is predictable to free up more than $1 million of working capital, which has formerly been tied up in corn inventory. This relationship leverages the strength and reputation of FCStone, one of the largest and most respected corn buyers in the United States.
By leveraging FCStone’s scale and corn buying expertise, Gevo anticipates to significantly improve its corn purchasing capabilities by increasing the number of suppliers (farmers and elevators) from which Gevo will buy corn, and by extending the duration of its forward corn purchasing commitments, which should enable Gevo to take advantage of lower corn price environments.
As part of this arrangement, Gevo will pay an origination fee for every bushel of corn it purchases from FCStone. FCStone will pay Gevo an annual fee for leasing the corn storage bins at the Luverne plant.
FCStone is a division of INTL FCStone Inc. (INTL), and a leader in providing specialized financial services in commodities, securities, global payments, foreign exchange and other markets to its clients.
Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks.
At the end of Wednesday’s trade, Shares of Eldorado Gold Corporation (NYSE:EGO), lost -5.15% to $4.60.
Eldorado Gold Corporation, declared the completion of the Feasibility Study with its’ partner, Deva Gold S.A., for the 80.5%-owned Certej project in Romania. The Study was led by an internal team with technical support offered by various Canadian and Romanian consultants. The Certej project is located in the southern part of the Apuseni Mountains in central Romania, about 12 kilometers north-east of the regional town of Deva in Hunedoara County.
“The positive results of this study form the basis for Eldorado, together with our Romanian partners, to develop the Certej mine. Noteworthy detailed engineering design and cost estimating provides for a high degree of confidence in the capital estimate and projected operating performance of the Certej project,” stated Paul N. Wright, Chief Executive Officer of Eldorado Gold.
Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania. It also explores for iron, silver, lead, zinc, and copper ores.
Finally, Covisint Corporation (NASDAQ:COVS), ended its last trade with 7.09% surge, and closed at $3.02.
Covisint Corporation, declared financial results for the fourth quarter and full fiscal year ended March 31, 2015.
For fiscal year 2016 the company will focus on four key initiatives:
- Continue to build out our direct sales organization;
- Refine and enhance our relationship with our current planned partners, in addition to work to develop and build our pipeline of potential planned partners;
- Improve our branding and product positioning in the market; and
- Continue to enhance our platform to meet and lead market demand.
Fiscal 2015 Financial Results
- Revenues: Subscription and support revenue reduced 1% year-over-year to $66.3 million. Services revenue reduced 27% year-over-year to $22.2 million. Total revenues reduced by 9% year-over-year to $88.5 million.
- Gross Profit: GAAP gross profit was $22.1 million. GAAP gross margin was 25%. Non-GAAP gross profit was $37.8 million. Non-GAAP gross margin was 43%.
- Earnings: GAAP diluted loss per share was ($1.01) contrast to ($1.06) last year. Non-GAAP diluted loss per share was ($0.52) contrast to ($0.50) in the preceding year.
Covisint Corporation provides an open, enterprise grade cloud platform in the United States and internationally. Its platform enables organizations to build solutions that identify, authenticate, and connect users, devices, applications, and information.
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