Streetbeat News

Corporate Responsibility

MSFT

Microsoft has promoted Takeshi Numoto to the position of Executive Vice President, Chief Marketing Officer. The decision was made by CEO Satya Nadella as part of a succession plan.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 9:24 pm

ADBE

QCOM

Adobe (NASDAQ:ADBE) has appointed Cristiano Amon, current President and CEO of Qualcomm (NASDAQ:QCOM), to its board of directors. Amon brings extensive technical, mobile, and AI experience to Adobe's board. He has held numerous leadership roles at Qualcomm since 1995, including leading Qualcomm's semiconductor business and overall responsibility for Snapdragon processors.

Portfolio Pulse from Happy Mohamed

October 26, 2023 | 8:49 pm

PHUN

Phunware, Inc. (NASDAQ:PHUN) has announced changes in its senior management, appointing Mike Snavely as the new CEO. The company is also expanding its revenue model to include new ways of monetizing its portfolio of patents and other IP. Phunware is also considering the evolving business and regulatory landscapes to determine the appropriate evolution and expansion of its digital asset ecosystem.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:43 pm

AJG

Arthur J. Gallagher & Co. has announced senior leadership changes, with Thomas Gallagher being appointed as President and Patrick Gallagher as COO. The changes are part of the company's expansion strategy.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:24 pm

AMT

American Tower Corp (NYSE: AMT) reported Q3 FY23 revenue growth of 5.5% YoY to $2.82 billion, beating the consensus estimate of $2.76 billion. Property revenue increased 7% YoY to $2.79 billion. The company generated $892 million in free cash flow and held $2.23 billion in cash and equivalents. CEO Tom Bartlett announced his retirement effective February 1, 2024, with Steve Vondran set to succeed him. The company raised its FY23 property revenue forecast and AFFO per share. AMT shares traded higher by 8.42% at $175.57.

Portfolio Pulse from Anusuya Lahiri

October 26, 2023 | 6:06 pm

AAPL

Unionized workers are urging Apple Inc. (AAPL) to uphold its commitments to shareholders and include organized workers in the company's workers' rights assessment, according to a release by the Communications Workers of America (CWA).

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 6:05 pm

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