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Corporate Responsibility

MSFT

TSLA

Tesla Inc (NASDAQ:TSLA) is increasingly using X, a social media platform owned by CEO Elon Musk, for talent acquisition. The platform's XHiring feature, currently under testing, allows verified organizations to feature job openings on their profiles. The feature is seen as a potential competitor to Microsoft Corporation’s (NASDAQ:MSFT) LinkedIn.

Portfolio Pulse from Anan Ashraf

September 27, 2023 | 11:04 am

TGT

Target Inc. (NYSE:TGT) has announced plans to close nine stores across four US states due to increasing concerns over theft and retail crime. Despite investing in security infrastructure, the company has struggled to ensure a secure shopping experience at these locations. The closures will take effect from October 21st. The company plans to facilitate transfers for eligible employees from the impacted stores to other Target branches. TGT shares closed lower by 2.48% at $109.48 on Tuesday.

Portfolio Pulse from Shivani Kumaresan

September 27, 2023 | 10:26 am

LOGI

Logitech has joined the private sector initiative to accelerate the United Nations Sustainable Development Goals. The company is committed to making a positive impact on the world by aligning its business strategies with the UN's goals.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 7:35 am

TSLA

Tesla Inc (NASDAQ:TSLA) is reportedly planning to build a 'Cyber cafeteria' at its Gigafactory in Texas, according to an unverified document circulating online. The project, expected to start in late October, is estimated to cost $10.5 million and be completed by April 2024. The cafeteria will be spread across 22k square feet and will be Cybertruck-inspired. It is unclear whether the cafeteria will be open to the public or just employees. Tesla is also expected to open a 'futuristic' diner in Los Angeles later this year.

Portfolio Pulse from Anan Ashraf

September 27, 2023 | 4:56 am

GOOG

GOOGL

Alphabet Inc. is celebrating Google's 25th birthday with a special Doodle and a surprise for users. Google's CEO, Sundar Pichai, emphasized the importance of Search in the company's mission. Google's impact on billions of lives globally is undeniable, with users relying on it for various needs. Google Chrome also turned 15 this month, with the company unveiling updates including a redesign, advanced AI integration, and enhanced security measures.

Portfolio Pulse from Ananya Gairola

September 27, 2023 | 4:08 am

DELL

Dell Technologies has appointed former Qualcomm CEO Steve Mollenkopf to its board of directors. This comes as Simon Patterson, Managing Director of Silver Lake, resigns from the board. The board now seats eight directors, six of whom are independent members.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:08 pm

GLTO

Galecto has announced plans to explore strategic alternatives, which has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:29 pm

PPG

PPG Industries has announced that its President and CEO, Tim Knavish, will take on the additional role of Chair, effective October 1, 2023. The current Executive Chairman, Michael McGarry, is set to retire.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:17 pm

AOUT

American Outdoor Brands, Inc. (AOUT) has secured a patent settlement agreement with The Allen Company, Inc. The settlement includes a permanent injunction entered by the United States District Court for the District of Colorado, related to Allen's infringement of AOUT's patent rights. The infringement action was initiated in February 2023 and was related to Allen's alleged repeated infringement of AOUT's patent rights incorporated in various shooting rests and targets.

Portfolio Pulse from Happy Mohamed

September 26, 2023 | 8:13 pm

GOOG

GOOGL

META

Vera Jourova, a vice president of the European Commission, has criticized X (formerly Twitter) for the spread of misinformation on its platform. She emphasized the responsibility of tech companies to combat fake news and propaganda. 44 companies, including Meta, Alphabet's Google and YouTube, Bytedance's TikTok, and LinkedIn, have signed the Code of Practice on Disinformation. X withdrew from the code after Elon Musk took over but is still subject to the Digital Services Act. Alphabet reported that YouTube terminated over 400 channels linked to Russian-state sponsored operations, and Google removed ads from about 300 state-funded propaganda sites.

Portfolio Pulse from Natan Ponieman

September 26, 2023 | 7:42 pm