Streetbeat News

Corporate Responsibility

PCG

PG&E has requested a federal extension for the operations of the Diablo Canyon Power Plant. The company is seeking to align with the state's direction on clean energy and climate change goals.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:14 pm

FDP

Fresh Del Monte Produce Inc. (NYSE:FDP) has partnered with Arena Packaging to introduce Reusable Plastic Containers (RPCs) for bananas. The RPCs, which have a life cycle of up to 15 years, aim to transform industry standards, reduce food waste, carbon emissions, operational costs, and preserve the fruit's health. The RPCs also improve airflow and extend shelf life for banana shipments. The containers arrived at retail stores in the South Texas region last month.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:20 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) stock is trading higher as the company kicked off its Black Friday event earlier than last year, offering deep discounts on a wide range of products. The company also initiated its first-ever global all-electric delivery fleet in India, aiming for a 10,000-strong electric fleet by 2025. AMZN shares traded higher by 2.15% at $142.75 on the last check Tuesday.

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 4:08 pm

AVAXUSD

Ava Labs, the company behind the Avalanche blockchain platform, has announced a 12% reduction in its workforce as part of a strategic refocus. This move coincides with the upcoming Benzinga's Future of Digital Assets conference. Despite the downsizing, CEO Emin Gün Sirer expressed gratitude to the departing employees for their contributions to the firm and the Avalanche ecosystem.

Portfolio Pulse from Murtuza Merchant

November 07, 2023 | 3:39 pm

AMZN

SNX

TD SYNNEX has achieved Amazon Web Services (AWS) Migration Services Competency status, demonstrating its ability to help businesses move successfully to AWS through all phases of complex migration projects.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:09 pm

AIP

Arteris, Inc. (NASDAQ:AIP), a provider of system IP for system-on-chip creation, has achieved ISO 9001:2015 Quality Management System certification. The certification was conducted by DEKRA, a global expert in the testing, inspection, and certification sector. The certification validates Arteris' commitment to quality management across all operations.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:47 pm

MMAT

Meta Materials Inc (MMAT) plans to streamline its operations by focusing on three core business lines and spinning off other business lines. The company also intends to eliminate redundancies, including overhead and non-essential workforce, expecting to save approximately $20M-$30M annually. The restructuring is aimed at capturing and preserving additional capital for expenses and R&D focused on core products.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:42 pm

MMAT

Meta Materials Inc. (MMAT) announced preliminary positive results from its restructuring, focusing on core business lines generating revenue. The company's CFO and COO, Uzi Sasson, has been appointed as CEO, effective immediately. The company has also reported recent multi-million-dollar business wins, new purchase orders worth $6.2 million, and a larger agreement with a G10 central bank customer worth up to $41.5M over 5 years. The company is showcasing its latest innovation at the Dubai Airshow in November 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:41 pm

AMKR

Amkor Technology, Inc. (NASDAQ:AMKR) has committed to setting targets to reduce greenhouse gas emissions in alignment with the Science Based Targets initiative (SBTi). The company's commitment includes the formulation of both near-term and net zero emissions targets. Amkor plans to submit its targets to SBTi for validation in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:39 pm

HON

WFRD

Weatherford International plc (NASDAQ:WFRD) has signed a memorandum of understanding with Honeywell (NYSE:HON) to deliver a combined CygNet™ SCADA and Honeywell Emissions Management suite for advanced emissions management. The integrated system will facilitate immediate access to essential data, enhance operational efficiency, and help customers achieve decarbonization targets.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:31 pm