Streetbeat News

Corporate Responsibility

INFY

Infosys and Economist Impact have launched the Value Chain Navigator (VCN), a tool designed to help businesses understand and address their Scope 3 emissions. Scope 3 emissions, which include all indirect emissions from an organization's value chain, can make up to 95% of a business's carbon footprint. However, only a quarter of businesses account for them in their net zero plans.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 10:04 am

LODE

Comstock Mining Inc. has confirmed that its biofuel yields are in excess of 100 gallons per tonne, with carbon intensity scores below 20. This indicates a high level of efficiency and environmental friendliness in their operations.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 10:03 am

GM

General Motors Corp.'s (NYSE:GM) Chief Technology Officer, Gil Golan, is stepping down from his position after serving for only a month. The departure is set to take effect on Nov. 1. Anirvan Coomer, the Managing Director for GM Ventures, will step in as interim CTO following Golan’s departure. In a separate development, GM has secured a new $6 billion line of credit to address potential losses associated with the ongoing expansion of the United Auto Workers union strike.

Portfolio Pulse from Shanthi Rexaline

October 05, 2023 | 9:52 am

ALV

Automotive safety systems provider Autoliv Inc plans to reduce an additional 300 indirect employees as part of its cost reduction framework. The downsizing includes employees in China, Japan, Sweden, and the U.S., and the closure of an office in the Netherlands. The company expects additional non-recurring charges in future quarters as it continues to advance its global headcount and structural cost reductions.

Portfolio Pulse from Shivani Kumaresan

October 05, 2023 | 9:51 am

VEON

VEON Ltd., a global digital operator, announced that its Beeline Uzbekistan has opened the Beeline Academy in Tashkent. The academy aims to train IT, AI, cybersecurity, and data protection experts.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 9:05 am

GOOG

GOOGL

Alphabet Inc., Google's parent company, has made commitments to give users more choice in how their data is processed. This is a result of a proceeding conducted by Germany's Bundeskartellamt, which can intervene when competition is threatened by large digital companies. The proceeding demonstrates the close cooperation between the Bundeskartellamt and the European Commission in promoting competition and fair markets in the digital sector.

Portfolio Pulse from Charles Gross

October 05, 2023 | 8:42 am

ALV

Autoliv, Inc. (NYSE:ALV) has provided an update on its ongoing initiatives to reduce its global headcount, including downsizings of 300 indirect employees in China, Japan, Sweden, the United States, and the closure of an office in the Netherlands. This is part of the company's previously announced cost reduction framework. The related accruals for the 300 indirect employees are expected to be immaterial and will be accounted for in the third and fourth quarters of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 7:19 am

TDOC

Teladoc Health has announced inducement stock awards for two new non-executive employees. The move is part of the company's strategy to attract and retain top talent.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:05 am

GOOGL

LAC

RIVN

TSLA

XOM

US stocks ended higher on Wednesday with Dow Jones, NASDAQ, and S&P 500 all experiencing gains. Five stocks that gained attention were Rivian Automotive, Lithium Americas Corp., Tesla, Alphabet, and Exxon Mobil. Rivian announced its intention to offer green convertible senior notes, Lithium Americas completed the separation into two independent public entities, Tesla's stock is bouncing back amidst ongoing United Auto Workers strikes, Alphabet launched the Pixel 8 and Pixel 8 Pro smartphones, and Exxon Mobil is navigating complex political landscapes.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 1:26 am

BB

BlackBerry has announced plans to separate its IoT and Cybersecurity business units, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 9:35 pm