Streetbeat News

Corporate Responsibility

LHX

L3Harris Technologies (NYSE:LHX) has appointed Kirk Hachigian and Bill Swanson to its Board of Directors and plans to add another independent director in 2024. A Business Review Committee is being formed to evaluate the company's operational performance and value creation levers, with results expected in 2024. L3Harris has also entered into a cooperation agreement with D. E. Shaw group, a major investor, regarding the appointment of the additional director and other governance matters. The company is adjusting its long-term incentive plan to focus more on shareholder return and will discuss its strategy and value creation initiatives at its Investor Day on Dec. 12, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:55 pm

INFY

Infosys announced the resignation of CFO Nilanjan Roy, effective March 31, 2024. Jayesh Sanghrajka has been appointed as the new CFO and key managerial personnel, starting April 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:34 pm

SNOW

Snowflake (NYSE:SNOW) has received FedRAMP High Authorization on AWS GovCloud, enabling it to handle sensitive unclassified federal data. This authorization allows Snowflake to offer its Government & Education Data Cloud for various government workloads and critical data analytics. Snowflake also announced enhanced governance capabilities with Snowflake Horizon at its 2023 Snowday event. The platform supports regulated workloads and enables secure data sharing for public sector organizations.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:20 pm

IINN

Inspira Technologies OXY B.H.N. Ltd. (IINN) has appointed Dr. Dan Gorfil to its Medical Advisory Board. Dr. Gorfil's expertise is expected to contribute to the company's development of innovative medical technologies.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:11 pm

BB

BlackBerry shares dropped following the announcement of its decision to separate its IoT and Cybersecurity units and to cancel the planned subsidiary IPO of its IoT business.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:04 pm

EEIQ

EpicQuest Education Group International Limited (NASDAQ: EEIQ) has announced the creation of a new business segment focusing on international educational programs in kinesiology and recreation education. The company has established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio to manage this initiative. EEIQ aims to integrate these programs with its existing healthcare school offerings and anticipates that this expansion will provide new career opportunities for students and serve as a dynamic revenue stream. The academic programming is under development and is expected to be available starting with the Fall 2024 programs.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:51 pm

BBGI

CAUD

FERN

GOLQ

LGIQ

TCOA

Collective Audience, Inc. (NASDAQ:CAUD) has appointed Peter Bordes as CEO, succeeding Brent Suen. Bordes brings over 30 years of experience in AdTech, media, AI, fintech, and technology sectors. Suen praised Bordes' leadership and vision, which align with the company's goals to build a full stack integrated platform, acquire complementary technologies, and form new partnerships. Bordes' appointment is expected to open new business opportunities and drive growth. He has been an influential angel investor and holds board positions at several companies. In connection with his hiring, Bordes received 71,429 shares of restricted common stock of Collective Audience, vesting over six months.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:50 pm

MSFT

OpenAI, backed by Microsoft Corp. (NASDAQ:MSFT), has recognized issues with its ChatGPT and GPT-4 models, which users report as being 'lazier.' The company has not updated the model since November 11 and is aware that AI behavior can be unpredictable. OpenAI is investigating the issue and intends to fix it, clarifying that the model has not changed itself and that the behavior changes may be subtle and not immediately noticeable.

Portfolio Pulse from Rounak Jain

December 11, 2023 | 1:50 pm

PRTH

Priority Technology Holdings, Inc. has announced a strategic technology partnership with Treasure Financial. This partnership will allow Priority's customers to invest their excess working capital into a diversified portfolio through Treasure Financial's embedded yield API. The portfolio includes Treasuries, TIPS, Government-backed money market funds, and professionally managed fixed-income instruments. The integration aims to provide a unified commerce platform for managing sales or receivables payments and optimizing working capital.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:50 pm

AA

Alcoa Corporation (NYSE:AA) is engaging with the Spanish government to address financial losses at its San Ciprián complex, which includes an alumina refinery and an aluminum smelter. The refinery has been operating at half capacity since Q3 2022 to reduce losses. The smelter was curtailed in January 2022 but is set for a phased restart in January 2024. Alcoa faces challenges such as uncompetitive energy costs, delayed alternative energy supplies, a European market slowdown, and lower sales prices. Despite investing $65 million in 2023 to meet Viability Agreement terms, Alcoa seeks long-term solutions with government and worker representatives due to unsustainable business conditions.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:45 pm