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Corporate Responsibility

GIS

General Mills, Inc. (NYSE:GIS) is expected to report Q2 fiscal 2024 earnings of $1.16 per share, up from $1.1 the previous year, with revenue estimates at $5.36 billion. The company has made leadership changes, appointing Jon Nudi as Group President, Pet and International. GIS shares rose 1.7% to $66.34 recently. Analysts have adjusted their price targets: Piper Sandler to $76, Evercore ISI Group to $72, Mizuho to $70, Morgan Stanley to $58, and TD Cowen initiated coverage with a target of $70.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 6:03 pm

AAPL

MASI

On Bloomberg TV, Masimo Corp's CEO Joe Kiani stated that Apple cannot resolve a particular issue merely with a software update.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:42 pm

LYB

TTE

TotalEnergies SE (TTE) has signed a second contract with LyondellBasell Industries NV (LYB) to supply 275 MWac of green electricity from its solar farms in Texas. The 15-year CPPA will enable LYB to offtake 125 MWac from TTE's Brazoria Solar farm, with operations starting by the end of 2025. Additionally, a 12-year CPPA signed in 2022 involves LYB offtaking 150 MWac from TTE's Cottonwood Bayou Solar plant. TTE also announced the end of routine flaring in Nigeria and a methane detection initiative with Nigerian National Petroleum Company Limited. TTE's shares saw a slight increase of 0.30% to $67.94.

Portfolio Pulse from Lekha Gupta

December 19, 2023 | 5:31 pm

UBER

Uber for Business has integrated with Brex and Ramp to automate receipt matching for Uber rides and meals, streamlining expense management for companies. This integration simplifies the reimbursement process, enforces policy compliance, and provides real-time visibility into corporate spend. Over 200,000 companies using Uber for Business will benefit from time savings, improved compliance, effective cost controls, and seamless reconciliation. The integration is easy to set up for overlapping customers and supports both employees and finance teams.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:16 pm

MULN

Mullen Automotive CEO David Michery addressed shareholders in an open letter regarding the recent reverse stock split. The split was approved at a shareholders meeting on Dec. 18, 2023, as a measure to comply with Nasdaq's minimum bid price requirement and avoid delisting. Michery acknowledged the difficulty of the decision, given past dilutive splits, and the need to raise capital in 2024. He emphasized the importance of remaining on a major exchange for financing and long-term value creation, despite some shareholders' opposition to the reverse split.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:05 pm

BP

BP Plc (NYSE:BP) is considering internal candidates for its next CEO after Bernard Looney's resignation. The board is focusing on interim CEO Murray Auchincloss and two senior female executives, Carol Howle and Emma Delaney. An internal appointment would support BP's current strategy, emphasizing a transition to renewables and reduced oil and gas output. An announcement is expected in the first quarter of the next year. BP shares are up by 0.65% at $35.35.

Portfolio Pulse from Shivani Kumaresan

December 19, 2023 | 4:37 pm

VEON

VEON Ltd. has announced that its subsidiary Kyivstar has restored services in all categories after a cyber-attack on December 12. Kyivstar's mobile network is 99% operational in Ukrainian government-controlled areas, with improvements including high-speed mobile internet in the Kyiv metro. The company thanked customers and Ukrainian authorities for their support and reiterated its commitment to Ukraine's connectivity.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 4:32 pm

MCOM

micromobility.com Inc. (NASDAQ:MCOM) received a Nasdaq Delisting Notice due to non-compliance with minimum bid price and stockholders' equity requirements. The company postponed its Special Meeting and withdrew its reverse split request. It is considering whether to appeal the delisting decision, weighing the costs and benefits of Nasdaq listing against potential savings from delisting. MCOM plans to transfer its stock and warrants trading to the OTC markets under the same symbols, with the transition not affecting its business operations or SEC reporting obligations.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 3:40 pm

AMZN

Jeff Bezos, founder of Amazon.com Inc (NASDAQ:AMZN), is reported to have made his housekeeper sign an NDA emphasizing his high regard for privacy. The housekeeper, Mercedes Wedaa, sued Bezos alleging poor working conditions and racial bias. The NDA, now public, reveals strict confidentiality terms, including a clause giving Bezos the right to buy any content created about him for $10. Bezos also paid Wedaa $250 for signing the NDA.

Portfolio Pulse from Adam Eckert

December 19, 2023 | 3:27 pm

UFI

Unifi Aviation, a global aviation services leader, has seen its revenue more than double since 2021, becoming North America's largest aviation services company. As it celebrates its five-year anniversary, it has been recognized by Newsweek as one of 'America's Greatest Workplaces for Diversity' for 2024. The company has expanded by acquiring Up & Away, a UK-based aviation services firm, and launching operations in Canada with WestJet at Calgary International Airport. Unifi has also hired nearly 1000 new employees in Canada and expanded its teams in Orlando, San Francisco, and Atlanta.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 3:27 pm