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ACN

MSFT

Accenture (ACN) and Avanade have launched new offerings with Microsoft Fabric to accelerate data readiness and AI adoption. They are also expanding capabilities around Microsoft Copilot solutions for generative AI. Accenture's $3B investment in data and AI includes building a practice of 4,000 Fabric-certified professionals. The companies are working with Microsoft to enhance its self-service analytics and with global businesses like Repsol and Ferrovial to adopt generative AI. Accenture and Avanade have a combined 240,000 Microsoft-skilled professionals, including 65,000 dedicated to Microsoft technologies.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:12 pm

BTBD

BT Brands reported a Q3 EPS of $0.00, an improvement from $(0.04) in the same quarter last year. However, sales slightly decreased to $4.01M from $4.02M YoY. The company has decided not to provide a financial forecast for fiscal years 2023 and 2024 due to uncertainties related to public health, supply chain constraints, and inflation.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:45 pm

CSGP

CoStar Group (NASDAQ:CSGP), a leader in online real estate marketplaces and analytics, has appointed Sandra Roumi as the General Manager for its expansion in France. Roumi, with her extensive experience in the French real estate industry, will lead the launch of CoStar and LoopNet in France. The expansion is part of CoStar's European growth strategy, leveraging its existing French businesses: Business Immo, BureauxLocaux, and Grecam. The France operations will be based in Paris.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:04 pm

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) announced the retirement of Chairman, CEO, and President Richard J. Kramer in 2024 and the initiation of a search for his successor. The company also unveiled the 'Goodyear Forward' plan, targeting a $1 billion annual run-rate benefit by 2025 through cost reductions and portfolio optimization, including the potential sale of its Chemical business, Dunlop brand, and Off-the-Road tire business. The plan aims for $2 billion in gross proceeds and a doubling of segment operating margin to 10% by Q4 2025. Goodyear expects to reduce debt by $1.5 billion, net of restructuring costs. Elliott Investment Management, a major investor, expressed support for the initiatives. GT shares rose 2.86% to $14.05.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 6:59 pm

ALEX

Alexander & Baldwin, Inc. (NYSE:ALEX) has sold Grace Pacific LLC to Nan, Inc., a large local construction company in Hawai'i. A&B, which focuses on commercial real estate in Hawai'i, acquired Grace Pacific in 2013. The sale is part of A&B's strategy to simplify and focus on its core real estate business. Grace Pacific has been a key player in Hawai'i's infrastructure for over 90 years. Nan, Inc. plans to maintain the Grace Pacific brand and staff, aiming to enhance services and support local infrastructure and jobs.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:13 pm

BMY

Fujifilm and Bristol Myers Squibb have signed Power Purchase Agreements (PPAs) with National Grid Renewables. These agreements are part of their efforts to reduce carbon footprints and increase the use of renewable energy in their operations. The details of the PPAs, such as the duration and financial terms, were not disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:01 pm

MSFT

At the Ignite Event, Microsoft unveiled Copilot Studio, a new tool designed to enhance productivity and creativity for developers and creators. This announcement is expected to bolster Microsoft's suite of productivity tools and may have a positive impact on the company's stock as it showcases innovation and commitment to improving user experience.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:57 pm

UAL

United Airlines and the Houston Airport System (HAS) are investing over $2 billion in the Terminal B Transformation Program at George Bush Intercontinental Airport (IAH). The project includes 40 new gates, expanded amenities, and a focus on sustainability with the goal of LEED Silver certification. The expansion aims to accommodate an estimated 36 million passengers and will bring nearly 3,000 new jobs to Houston. United Airlines is investing $1.9 billion, while the City of Houston will fund $624 million in enabling projects. The project is expected to enhance the passenger experience and support Houston's economy.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:33 pm

PEP

New York State Attorney General Letitia James has taken legal action against PepsiCo, accusing the company of contributing to environmental damage and public health risks through plastic pollution. The lawsuit alleges that PepsiCo has violated state laws by failing to reduce plastic use and misleading consumers about its recycling practices. This action is part of a broader initiative to hold companies accountable for environmental harm.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:56 pm

MSFT

NVDA

Microsoft has announced the development of a custom AI chip named 'Maia', which has the potential to compete with Nvidia's offerings in the AI processor market. Additionally, Microsoft revealed an ARM-based chip called 'Cobalt'. These advancements could signify Microsoft's increasing focus on hardware for AI and cloud services, positioning it as a competitor to Nvidia's dominance in AI chips.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:05 pm