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CX

Cemex SAB de CV (NYSE:CX) reported a Q3 revenue increase of 9% Y/Y to $4.571 million, beating the consensus of $4.489 billion. The results were driven by strong pricing across all markets, decelerating input cost inflation, and contributions from growth investment strategy. However, volumes declined 4% Y/Y in cement and ready-to-mix segments. EBITDA rose 32% Y/Y to $910 million, and net sales in the U.S. operations rose 5% Y/Y. The company also reported progress on its decarbonization roadmap.

Portfolio Pulse from Lekha Gupta

October 26, 2023 | 5:41 pm

CSCO

Cisco's Webex has announced new AI-powered solutions aimed at improving the efficiency and well-being of contact center agents. The solutions include AI-powered agent burnout detection, suggested responses, conversation summaries, and coaching highlights. Webex is also introducing a new package, Webex Customer Experience Essentials, to extend agent and supervisor functionality outside traditional contact centers. Additionally, Webex is expanding its partnership with Thrive Global to integrate Thrive Reset into the Webex Contact Center, providing well-being breaks for agents.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 4:02 pm

LYB

XOM

LyondellBasell has acquired a 25% stake in Cyclyx International, a joint venture between Agilyx and ExxonMobil, aimed at accelerating plastic waste recycling. The collaboration will help create robust supply chains for circular and renewable feedstocks. Cyclyx is also expanding its business model to include a build, own, and operate option for its Circularity Centers, which will help control the quality of custom-blended feedstocks and accelerate the collection of post-use plastics.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 2:48 pm

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) and sustainable technology company Visolis have announced a collaboration to produce isoprene, a precursor for synthetic rubber, through the upcycling of biobased materials. The project is supported by a Small Business Innovation Research (SBIR) grant awarded to Visolis. Goodyear is actively seeking sustainable material options and plans to sell a tire with up to 70% sustainable materials this year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 1:24 pm

TENB

Siemens Energy has decided to expand its collaboration with Tenable on their cybersecurity service offering, Omnivise OT Security. This move strengthens the existing partnership between the two companies.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 1:20 pm

BBY

The U.S. Consumer Product Safety Commission has announced that Best Buy is recalling its Insignia Pressure Cookers due to a burn hazard. The recall could potentially impact the company's reputation and sales.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 1:12 pm

XNCR

Xencor's CFO, John Kuch, has announced his planned retirement in March 2024. The company will need to find a replacement for this key role.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:19 pm

HAS

Hasbro's executive has stated in a conference call that the company anticipates ending the year with inventories 20% to 25% below 2022 levels.

Portfolio Pulse from Charles Gross

October 26, 2023 | 12:11 pm

NSC

Norfolk Southern has deployed its first AI train inspection technology in Leetonia, Ohio, aiming to enhance rail safety across its 22-state network. The technology will allow for more frequent and thorough inspections of trains passing through the portal every hour.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:03 pm

VLO

Valero Energy has announced that its Sustainable Aviation Fuel project is expected to be completed in 2025, with a total cost of $315 million. Half of this cost is attributable to the company.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:40 am