Streetbeat News

Corporate Responsibility

WRK

WestRock has announced plans to close its Tacoma, Washington paper mill, which employs around 400 people. The decision was driven by high operating costs and the need for significant capital investment. The closure will result in a reduction of approximately 60,000 annual tons of pulp and 25,000 annual tons of specialty grade capacity. Employees will receive severance and outplacement assistance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:36 am

FTCH

Farfetch has announced that Tim Stone will take over as CFO effective September 1, 2023. He will succeed Elliot Jordan, whose departure was announced in February.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:36 am

AMD

AMD's CEO announced during a conference call that they are currently providing early system access and sampling both Mi300 products with their lead AI, HPC, and Cloud customers.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 10:35 am

TMC

TMC the metals company Inc. (NASDAQ:TMC) provided a corporate update on its NORI-D Nodule Project, including expected development timeline, production capacity, and application costs. The company plans to submit an application to the International Seabed Authority (ISA) for an exploitation contract for NORI Area D in July 2024, with production expected to start in Q4 2025. TMC and its partner Allseas plan to increase production capacity from 1.3 million to 3.0 million wet tonnes per annum. The company estimates it will require $60 to 70 million of additional cash to submit the application.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 10:35 am

SFM

Sprouts Farmers Market has announced the retirement of its CFO, Lawrence Molloy, effective at the end of 2023. The company will conduct an internal and external search for a successor.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:20 am

SFM

Sprouts Farmers Market has announced the retirement of its CFO, Lawrence Molloy. The company has not yet announced a replacement.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:19 am

CCHWF

CURLF

The cannabis industry is reducing its lobbying efforts in Washington due to financial difficulties stemming from the ongoing federal illegality of marijuana. Major companies like Curaleaf Holdings and Columbia Care have cut their lobbying budgets by 40% and disbanded their lobbying teams respectively. The lack of access to tax breaks, business loans, and bank accounts has exacerbated these issues. The U.S. Cannabis Council has emerged as a new coalition aiming to unify the industry's lobbying efforts.

Portfolio Pulse from Joana Scopel

August 04, 2023 | 10:11 am

YELL

The American Trucking Associations (ATA) has launched a job resource for former employees of Yellow Corporation (YELL). The move is aimed at helping these employees find new employment opportunities within the trucking industry.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:03 am

AWKNF

Awakn Life Sciences Corp. (OTCQB:AWKNF) has sold its Norwegian clinics businesses as part of its business restructuring process. The company will receive a fee for the acquisition and a share of the clinics’ revenue on an ongoing basis. This marks Awakn’s exit from healthcare services and allows the company to focus on its biotech research and development programs around addiction therapeutics. Its lead program AWKN-P001 is expected to enter the Phase 3 clinical stage in the UK within this year’s fourth quarter.

Portfolio Pulse from Lara Goldstein

August 04, 2023 | 9:51 am

UBER

Uber CEO Dara Khosrowshahi discussed the company's future on Bloomberg TV. However, the article does not provide any specific details about the discussion.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:42 am