Geron (GERN - Get Report) said it would end development of GRN1005, an experimental brain cancer drug, and plans to undergo a a restructuring that includes cutting its work force by 40%. It also said it plans to replace its chief financial officer. Geron shares were falling 18.2% in premarket trading to $1.21. 5 Rocket Stocks to Buy for December
Cerberus Capital Management is in talks to join Virtu Financial's bid for brokerage Knight Capital Group (KCG - Get Report), The Wall Street Journal reported, citing people familiar with the discussions. New York's Virtu, a high-frequency trading firm, is going up against rival Getco in the bid to acquire market-maker Knight. Knight shares rose 0.6% to $3.35 in premarket trading Tuesday.
Big Lots (BIG - Get Report) posted a third-quarter loss of 10 cents a share on sales of $1.13 billion. Analysts forecast a loss of 24 cents a share on revenue of $1.14 billion. The retailer raised its outlook for the year. Big Lots rose 6.8% to $29.94 in premarket trading.
Pep Boys (PBY) said on Monday it swung to a third-quarter loss as revenue in the quarter fell 2.4% to $509.6 million. Same-store sales during the quarter decreased 2.7%. Pep Boys fell 7.4% to $9.89 in premarket trading. 8 Stocks Soaring on Unusual Volume
AutoZone (AZO) said first-quarter profit rose 6.4% to $203.5 million, or $5.41 a share, as sales rose to $1.99 billion from $1.92 billion. Analysts expected AutoZone to post fiscal first-quarter earnings of $5.39 a share on revenue of $2.02 billion. AutoZone also said Tuesday it purchased assets of online retailer AutoAnything. AutoZone shares fell 0.5% to $376.
Qualcomm (QCOM) plans to invest about $120 million in Sharp, the struggling Japanese TV maker.
Homebuilder Toll Brothers (TOL - Get Report)said Tuesday that fourth-quarter rose to $411.42 million or $2.35 a share, from $15.04 million, or 9 cents a share, a year earlier. The latest quarter included a net tax benefit of $350.7 million.
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