Streetbeat News

Corporate Responsibility

NEE

NGVT

Ingevity Corporation (NGVT) has entered into a renewable product purchase agreement with a subsidiary of NextEra Energy Resources (NEE) to produce renewable energy to lower carbon emissions at its US manufacturing locations. Ingevity aims to be carbon neutral by 2050. As part of the agreement, Ingevity will receive 85 megawatts of capacity at a new NextEra Energy Resources solar site to be constructed in North Texas. The solar facility is expected to be fully operational by the end of 2025.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 2:03 pm

AULT

Ault Alliance, Inc. (NYSE:AULT) has reached a settlement with the U.S. Securities and Exchange Commission (SEC) over an investigation into the company's public disclosures and accounting for certain transactions. The company will pay a civil penalty of $700,000, which was fully accrued in Q4 2022. Additionally, the company will retain an independent consultant to review its internal control over financial reporting and disclosure controls and procedures.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 1:17 pm

SDOT

Sadot Group Inc. (NASDAQ:SDOT), a global food supply chain player, reported a top line revenue of over $53 million for July 2023, marking the ninth consecutive month of revenues exceeding $45 million. This follows the company's first profitable quarter. The company also announced the addition of trades from its new subsidiary, Sadot Latam LLC, in August.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 1:03 pm

FIVN

VRNT

Verint (NASDAQ:VRNT) and Five9 (NASDAQ:FIVN) have announced the findings of a co-sponsored survey on the evolution of the modern contact center. The survey revealed that managing an increasing volume of customer interactions is a top business challenge for contact center leaders. Larger companies are more likely to store engagement data in multiple silos, making it difficult to unify and harness this data for a more personalized customer experience. Smaller companies struggle to derive meaningful insights from their engagement data due to limited budgets.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 12:50 pm

LL

LL Flooring is considering strategic alternatives, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:34 pm

TBI

TrueBlue, a provider of specialized workforce solutions, has promoted Taryn Owen to President and CEO, effective from September 12, 2023. Owen will replace Steven C. Cooper, who will step down and serve in an advisory role. Paul Reitz, CEO of Titan International, has been appointed to the TrueBlue Board of Directors.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 12:12 pm

NUZE

NuZee, Inc. (NASDAQ:NUZE), a coffee co-packing and technology company, has appointed Randell Weaver as its new CFO. Weaver brings over 30 years of experience in manufacturing, distribution, and CPG, with three prior terms as a public company CFO. He has a successful track record in cash management, fund raising, staff building and mentoring, structuring financing options, and optimizing performance and growth. Weaver's previous roles include CFO of Reinvention Unlimited, Inc and several other companies in the food and pharmaceutical industries.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 12:02 pm

DIS

EWS

Disney's unit Lucasfilm's Industrial Light & Magic is set to close its VFX and animation facility in Singapore due to economic factors affecting the industry.

Portfolio Pulse from Charles Gross

August 15, 2023 | 11:59 am

AMZN

David Limp, the head of Amazon's device division, plans to leave the company after 13 years. His departure is the latest in a series of high-profile exits since Andy Jassy took over as CEO. Limp's division, which includes Amazon's Alexa and other services and gadgets, has struggled to generate profits. The division was also affected by Jassy's cost-cutting measures, which resulted in the loss of 27,000 jobs. Despite selling over 500 million Alexa-enabled devices, the unit has reported operating losses exceeding $5 billion in some years.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 11:56 am

INFY

LBTYA

Liberty Global PLC (LBTYA) has expanded its collaboration with Infosys Ltd (INFY) to enhance its digital entertainment and connectivity platforms and ensure cost efficiency. The initial 5-year deal could extend to 8 years and beyond, with Infosys offering services worth €1.5 billion over the initial period and €2.3 billion if extended. Liberty Global expects to realize annual savings of over €100 million. The partnership will enable new customers to experience advanced digital services and create career opportunities for over 400 Liberty Global employees.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 10:39 am