Ford, Toyota Form SmartDeviceLink Consortium

Ford, Toyota Form SmartDeviceLink Consortium

Ford Motor Company and Toyota Motor said Wednesday that they are forming SmartDeviceLink Consortium, a nonprofit organization working to manage an open source software platform with the goal of giving consumers more choice in how they connect and control their smartphone apps on the road. SmartDeviceLink provides consumers easy access to smartphone apps using voice commands and in-vehicle displays. Adopting the open source platform gives automakers and suppliers a uniform […]

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Perry Ellis International Enters License Accord With Euroneck

Perry Ellis International Enters License Accord With Euroneck

Perry Ellis International said Tuesday it has entered into a license agreement with Euroneck, S.A. de CV to design and distribute men’s neckties, bow ties, cummerbunds, pocket squares, ascots, winter and summer scarves and hosiery under the Perry Ellis and John Henry trademarks in Mexico. The collection will be distributed in department stores, specialty stores and ecommerce with a product launch in Spring 2017.

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Consumer Stocks Mixed Pre-Bell

Consumer Stocks Mixed Pre-Bell

Consumer shares were mixed ahead of the opening bell Friday. In consumer stocks news, Wal-Mart Stores (WMT) and Amazon.com (AMZN) and other retailers have been sued by Run-DMC for selling products that traded on the rap group’s name without permission, Bloomberg reported, citing a court filing in the Southern District of New York. The report said the suit alleges the retailers are “advertising, selling, manufacturing, promoting and distributing multiple products” […]

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Prima BioMed Shares Rise

Prima BioMed Shares Rise

Prima BioMed Ltd shares were up 18% on Thursday after the company said that interim data from a clinical trial showed that IMP321 was safe and well tolerated in combination with a PD-1 blocking antibody at the first dose level of 1 milligram in unresectable or metastatic melanoma patients. The company will advance the trial to the next dose level of 6 milligram. “The majority of metastatic melanoma patients do […]

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Cinedigm Unveils Two Accretive Financing Transactions

Cinedigm Unveils Two Accretive Financing Transactions

Cinedigm, an independent content distributor, said it has completed two financial transactions aimed at further strengthening and simplifying its balance sheet. First, on Dec. 22, the company agreed with an institutional holder of $3.4 million in the company’s 5.5% convertible notes due 2035. This transaction exchanged the holder’s debt into 450,000 shares of its class A common stock and warrants to buy 200,000 shares of common stock exercisable six months […]

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