Streetbeat News

Corporate Responsibility

XPRO

Expro has suspended its vessel-deployed Lightwell Intervention (LWI) operations following an incident. The company is currently working with stakeholders and independent experts to assess the situation and plan the recovery operation.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:15 am

MSFT

Chinese hackers reportedly accessed approximately 60,000 U.S. State Department emails through a vulnerability in Microsoft Corporation’s email platform. The cyberattack compromised ten State Department accounts, primarily those involved in Indo-Pacific diplomatic efforts. The incident has raised questions about Microsoft’s significant role in providing IT services to the U.S. government. In response, the State Department is transitioning toward “hybrid” environments involving multiple vendors and enhanced multi-factor authentication.

Portfolio Pulse from Ananya Gairola

September 28, 2023 | 3:52 am

TSLA

Elon Musk's X, formerly Twitter, has cut half of its global team responsible for limiting election disinformation, including the entire Dublin-based global election integrity team. This comes less than a month after X reinstated political ads and pledged to expand its safety and elections team. Musk acquired Twitter for $44 billion last October and rebranded it to X. Earlier this year, the Tesla Inc CEO said he had cut about 80% of the company's staff.

Portfolio Pulse from Adam Eckert

September 27, 2023 | 9:53 pm

MAT

Mattel has promoted Robbie Brenner to President of Mattel Films. Brenner, who has been with the company since 2018, produced the record-breaking Barbie movie, which was released worldwide by Warner Bros. Pictures in July 2023.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 9:14 pm

UPS

UPS has implemented automation technologies in select facilities across the U.S. to improve operations and reduce repetitive and physically demanding tasks. These improvements target processes such as pick-and-place, loading and unloading, and moving irregular-sized shipments.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 9:06 pm

PDLB

Ponce Financial Group, Inc. (NASDAQ:PDLB), the holding company for Ponce Bank, has received approval for a grant of $451,025 from the Community Development Financial Institutions (CDFI) Bank Enterprise Award Program. The bank also received the previously announced $3.7 million from the CDFI Equitable Recovery Program (ERP). The funds are to be used for providing loans, investments, and financial services to distressed communities and help them recover from the impact of the COVID-19 pandemic.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:43 pm

OSPN

OneSpan (OSPN) has made organizational changes to support a revised operating model and completed a significant number of actions. The company expects to incur restructuring charges of approximately $11M-$12M in employee transition and severance payments.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:29 pm

SNT

Senstar Technologies Ltd. (NASDAQ:SNT), a provider of security products and solutions, plans to move its corporate domicile from Israel to Ontario, Canada. The majority of the company's employees and operating assets are in Canada. The redomiciliation, subject to shareholder approval, is expected to close in Q4 2023 and is not expected to materially impact day-to-day operations.

Portfolio Pulse from Happy Mohamed

September 27, 2023 | 8:23 pm

GRWG

MSOS

GrowGeneration Co-Founder and CEO, Darren Lampert, spoke at the Benzinga Cannabis Capital Conference, emphasizing the company's careful approach to understanding the rules and regulations of every state they operate in.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:15 pm

SRE

Sempra Infrastructure, a subsidiary of Sempra (NYSE:SRE), has appointed Tania Ortiz Mena as its president. Ortiz Mena will lead the company's three business lines – clean power, energy networks, and LNG and net-zero solutions. She has over 23 years of experience in the Sempra family of companies, having held various roles including serving as IEnova's CEO, chief development officer and vice president of development and external affairs.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:15 pm