Streetbeat News

Corporate Responsibility

ATI

ATI has set revenue targets of $4.5B-$4.6B for 2025 and $5.2B-$5.4B for 2027, indicating the company's growth expectations for the upcoming years.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:23 pm

NUS

Nu Skin Enterprises has opened a new manufacturing facility in China, which is expected to enhance its production capabilities and support its growth in the region. This expansion may signal the company's commitment to the Chinese market and could potentially improve its supply chain efficiency and product availability in the area.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:21 pm

TPCS

TechPrecision Corporation (NASDAQ:TPCS) has signed a definitive agreement to acquire Votaw Precision Technologies for $85M on a cash and debt-free basis. The acquisition is expected to more than double TechPrecision's revenue and EBITDA and enhance its strategic capabilities in the defense and aerospace industries. The deal includes a $70M payment at closing, semi-annual payments totaling $15M, and an earnout of up to $25M based on Votaw's FY2024 EBITDA. The acquisition is anticipated to be completed between December 15, 2023, and March 31, 2024, with TechPrecision having 45 days to conduct due diligence.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:13 pm

F

GM

LCID

RIVN

STLA

TSLA

The United Auto Workers (UAW) has initiated a significant effort to unionize employees at 13 automakers across the United States. This move could affect labor relations and potentially impact production costs and operations for companies like Ford (F), General Motors (GM), Lucid Motors (LCID), Rivian (RIVN), Stellantis (STLA), and Tesla (TSLA).

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 8:24 pm

DIS

Disney CEO Bob Iger announced at the Dealbook Conference that he will 'definitely' step down at the end of 2026. This statement provides a clear timeline for his departure and may influence the company's strategic planning and succession process.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:44 pm

DIS

At the Dealbook Conference, Disney CEO Bob Iger stated that ABC is not for sale, despite speculation to the contrary. Additionally, he mentioned that the production of 'The Marvels' faced challenges due to COVID-19, which may have affected timelines and costs.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:43 pm

DIS

Disney CEO Bob Iger, speaking at the Dealbook Conference, admitted that increasing Marvel content on streaming platforms was a 'definite mistake'. This acknowledgment suggests a potential shift in Disney's content strategy, particularly for its streaming services where Marvel series and movies play a significant role.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:42 pm

DIS

Disney CEO Bob Iger has affirmed that the company's decision-making process is currently robust, according to a report by CNBC.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:35 pm

DIS

Bob Iger, the CEO of Disney, stated in an interview with CNBC that he had not been actively seeking to return to the company. His comment suggests that his comeback was not self-initiated but likely due to external factors or requests.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:28 pm

META

SNAP

SPY

CEOs of Meta Platforms, TikTok, and Snap are scheduled to testify at a Senate hearing on January 31, as reported by Bloomberg. The hearing will likely address issues related to social media platforms and their impact on users.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:07 pm