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MSFT

Microsoft Corp (NASDAQ:MSFT) celebrates the 40th anniversary of its key product, Microsoft Word, which was first released on Oct. 25, 1983. The company highlighted the product's evolution and its future plans, including the integration of artificial intelligence in its development. The company also emphasized its commitment to improving Word's efficiency and co-creation capabilities.

Portfolio Pulse from Chris Katje

October 25, 2023 | 10:40 pm

META

Meta's CFO has announced plans to allocate more headcount towards AI, infrastructure, Reality Labs, monetization, and regulatory needs, according to Reuters.

Portfolio Pulse from Charles Gross

October 25, 2023 | 9:32 pm

IEX

IDEX Corporation (NYSE:IEX) has announced the appointment of Abhi Khandelwal as Senior Vice President and Chief Financial Officer, effective from November 20, 2023. Khandelwal, who previously served in various financial roles at IDEX from 2010 to 2020, is rejoining the company after serving as CFO of Multi-Color Corporation. Allison Lausas, the interim CFO, will continue as Vice President and Chief Accounting Officer.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:49 pm

VMI

Valmont Industries (VMI) has announced a broad organizational realignment program, which includes offering a voluntary early retirement program and other headcount reductions. The company expects cash expenses of between $33 and $36 million, which are expected to be recovered through lower operating costs within 12 months.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:32 pm

META

Meta Platforms Inc. expects an increase in its payroll expenses due to the company's growth and expansion plans.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:23 pm

TSLA

Elon Musk, CEO of Tesla (NASDAQ: TSLA), is reportedly developing a close relationship with GOP presidential candidate, Vivek Ramaswamy. This has led to speculation that Musk may financially back an organization aligned with Ramaswamy's vision, such as the American Exceptionalism Public Policy Committee. However, the exact nature, amount, and timing of such a contribution remain speculative.

Portfolio Pulse from Maureen Meehan

October 25, 2023 | 8:16 pm

EDR

Endeavor Group Holdings, Inc. (EDR) shares are trading higher after the company announced a review of strategic alternatives. This could potentially lead to a significant change in the company's business model or operations.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:13 pm

ERII

Energy Recovery announced a leadership transition with David Moon appointed as interim CEO while Bob Mao will remain a member of the Board. This news led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:46 pm

BA

Boeing's CEO has reported increased stability in the company's factories and is working to bring the supply chain up to the same standard. This information was shared during an investor call.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 2:37 pm

HSY

Consumer Reports has urged Hershey's to remove heavy metals from its chocolate products. The advocacy group has raised concerns about the potential health risks associated with these substances.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 2:14 pm