Streetbeat News

Corporate Responsibility

CC

Chemours has announced that law enforcement agencies in Northern China have shut down a local chemical plant that was manufacturing counterfeit Viton FreeFlow fluoroelastomer, a product that was falsely using Chemours' trademarks. This action protects Chemours' intellectual property and may positively impact the company's market share and brand integrity for this product.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:53 am

WWW

Wolverine World Wide, Inc. (NYSE:WWW) has announced the sale of its minority ownership interest in the entity that owns Saucony's intellectual property in China and its equity interest in the Merrell and Saucony joint venture entities to Xtep. This strategic move, valued at $61 million, transitions the business from a joint venture to a license and distribution rights model, aiming to leverage Xtep's expertise in China and focus Wolverine Worldwide on global brand-building.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:34 am

DNN

Denison Mines has announced the appointment of Elizabeth Sidle as the new Chief Financial Officer. She will hold this position in conjunction with her current role as Vice President Finance.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:33 am

EBIX

Ebix, Inc. has entered into a 'stalking horse' agreement to sell its North American life and annuity assets to Zinnia, a business under Eldridge. This move is part of Ebix's recapitalization strategy.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:15 am

FREY

FREYR Battery has successfully received the necessary votes to approve all proposals at its Extraordinary General Meeting. The company anticipates completing the process to change its domicile from Luxembourg to the U.S. by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:13 am

OGI

Organigram Holdings has appointed Greg Guyatt as the new Chief Financial Officer, with his tenure beginning on January 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:01 am

VNET

VNET Group, Inc. hosted representatives from the US-China Green Energy Council at its Taicang data center campus, highlighting its renewable energy infrastructure development. This event emphasizes VNET's commitment to sustainable energy practices within China's data center industry.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 10:14 am

DOGE-USD

ETH-USD

MATIC-USD

Polygon Labs has ceased development on Polygon Edge, the open-source tool used for Dogechain development, shifting focus to Polygon CDK, a new blockchain framework utilizing zero-knowledge cryptography. This move may impact Dogechain's operations and future, as it relied on Polygon Edge, but many projects are expected to transition to the new Polygon CDK.

Portfolio Pulse from Mehab Qureshi

December 18, 2023 | 9:12 am

LOGI

MSFT

Logitech's AI-powered tabletop camera, Logitech Sight, has been certified by Microsoft Teams and Zoom Rooms. It is the first intelligent camera to be certified as a center-of-table camera for Microsoft Teams and the first Panoramic Camera certified for Zoom Rooms. This certification could enhance Logitech's reputation in video conferencing technology.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 8:04 am

EME

ENZ

HEI

JOB

QIPT

HEICO Corporation is expected to report earnings of $0.68 per share on revenue of $898.25 million after market close. EMCOR Group announced executive changes with Mark A. Pompa and R. Kevin Matz stepping down by April 1, 2024, and Jason R. Nalbandian being named as new CFO. GEE Group is anticipated to report earnings of $0.02 per share on revenue of $40.36 million. Enzo Biochem reported a Q1 loss of $0.13 per share, improving from a loss of $0.22 per share year-over-year. Quipt Home Medical is set to announce Q4 financial results on December 18, 2023.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 7:46 am