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Corporate Responsibility

RMAX

RE/MAX reported a 21.6% increase in U.S. franchise sales in Q3 2023 compared to Q2, with 45 closed sales. The company also saw 166 international franchise sales, including nine in Canada. The growth is attributed to a focus on brokerage growth opportunities, national marketing, and industry events. RE/MAX Foxfire in Ocala, FL, converted to a RE/MAX franchise, highlighting the brand's culture and resources. RE/MAX has over 140,000 sales associates in more than 9,000 offices globally.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:55 pm

GLNCY

TECK

Teck Resources Limited (NYSE:TECK) has agreed to sell its steelmaking coal business, Elk Valley Resources, to Glencore plc and Nippon Steel Corporation for an implied enterprise value of $9 billion. Glencore will acquire a 77% stake for $6.9 billion, while Nippon Steel will buy a 20% interest. Proceeds will be used to strengthen Teck's balance sheet and return cash to shareholders. The deal is expected to close in Q3 2024 for Glencore and Q1 2024 for Nippon Steel, subject to regulatory approvals. Glencore will establish a Canadian head office for the business, maintain jobs, and increase investment in the community.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:34 pm

ACN

WDAY

Accenture (ACN) and Workday, Inc. (WDAY) have announced an expanded collaboration to accelerate the adoption of skills-based talent strategies using Workday Skills Cloud. This partnership aims to help organizations adapt to changing workforce demands by focusing on skills for business agility and performance. Accenture's research indicates that skilling the workforce is a top challenge for growth. The collaboration includes new offerings such as Accenture's skill proficiency calculator and integrated skills accelerator, leveraging Workday's software and data, along with Accenture's consulting services.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:32 pm

VEON

Mike Pompeo, former U.S. Secretary of State, has been appointed as an Independent Non-Executive Director of Kyivstar, the Ukrainian subsidiary wholly owned by VEON.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:24 pm

SABR

Sabre Corporation (NASDAQ:SABR), a global travel industry technology provider, has renewed a multi-year distribution agreement with lastminute.com, a European travel tech leader. The agreement will enhance lastminute.com's customer experience through Sabre's shopping and virtual payments solutions, including the Bargain Finder Max shopping API and Sabre Virtual Payments technology. This partnership aims to drive technology innovation, increase customer loyalty, and drive revenue for lastminute.com by offering a seamless travel planning and booking experience.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:22 pm

UTZ

Utz Brands, Inc. (NYSE:UTZ) announced the appointment of Mitchell Arends as Executive Vice President, Chief Integrated Supply Chain Officer, and Cary Devore as Executive Vice President, Chief Operating and Transformation Officer, effective November 27, 2023. These appointments aim to enhance the company's execution of strategic priorities, including supply chain optimization and integrated business planning. Arends brings over 25 years of supply chain experience from Kraft Heinz, while Devore has been with Utz for over seven years, contributing significantly to its growth and transformation.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:16 pm

CI

Express Scripts, a subsidiary of The Cigna Group (NYSE:CI), has introduced Express Scripts ClearNetworkSM, a new pharmacy network option offering simple, cost-plus pricing for medications. This model uses industry benchmarks to estimate drug costs, adding a flat fee for dispensing and a maximum 15% service fee. It will be available in early 2024 to over 65,000 retail pharmacies in the network. The initiative aims to simplify prescription drug pricing and highlight the role of drug manufacturers in high costs, while building on Express Scripts' commitment to transparency and affordability.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:15 pm

BNGO

Bionano Genomics, Inc. (BNGO) announced its participation in the Association for Molecular Pathology (AMP) 2023 Annual Meeting with a range of content on optical genome mapping (OGM) for cell and gene therapy and cancer research. The event will feature corporate workshops, case studies, and an innovation spotlight session led by Bionano's team and collaborators. Nineteen scientific posters will also be presented. The AMP conference is a platform for industry and academic professionals to discuss molecular diagnostics advancements and will take place from November 14-18, 2023, in Salt Lake City, Utah.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:12 pm

TLIS

Talis Biomedical has announced that it is exploring strategic alternatives and implementing a cost reduction plan to preserve cash. The company is reducing its workforce by approximately 90% and consolidating its operations to a single site in Chicago.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:11 pm

MBCN

Middlefield Banc Corp. (NASDAQ:MBCN) has appointed Ronald L. Zimmerly, Jr. as its new CEO, effective January 1, 2024. He will succeed James R. Heslop, II, who is retiring. Zimmerly is currently the President and Director of Middlefield and The Middlefield Banking Company. Heslop will also resign from the Board of Directors on December 31, 2023, and the Board will be reduced from 13 to 12 members.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:00 pm