Streetbeat News

Corporate Responsibility

EXTR

A top manager at Extreme Networks has been privately selling high-tech in Russia, despite the company's announcement last year that it suspended all business activities in the country to show solidarity with Ukraine.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 1:17 pm

DAL

JBLU

UAL

United Airlines CEO Scott Kirby blamed the FAA for exacerbating flight disruptions caused by recent storms, which led to thousands of flight cancellations. Kirby claimed that the FAA's air-traffic-control issues and staffing shortages led to a chain reaction of delays and cancellations. United, JetBlue, and Delta Air Lines all had to cancel a significant percentage of their flights due to the weather conditions.

Portfolio Pulse from Akanksha Bakshi

June 28, 2023 | 12:49 pm

MSFT

Microsoft is investigating an issue where some users are unable to access Microsoft Teams using web browsers, according to Reuters.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:06 pm

CGC

Canopy Growth Corporation announced that KPMG has resigned as the company's independent registered public accounting firm.

Portfolio Pulse from Charles Gross

June 28, 2023 | 11:20 am

GIS

General Mills is implementing its Accelerate strategy to drive sustainable, profitable growth and top-tier shareholder returns over the long term.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:07 am

RIO

Rio Tinto, a mining company, plans to build batteries in Melbourne to test green technology. This move is part of the company's efforts to transition towards more sustainable operations.

Portfolio Pulse from Charles Gross

June 28, 2023 | 9:21 am

AZN

AstraZeneca has announced a $400 million investment in its global AZ Forest programme, aiming to plant 200 million trees by 2030. The initiative includes new or expanded projects in Brazil, India, Vietnam, Ghana, and Rwanda, covering over 100,000 hectares worldwide. The investment is part of the company's climate action and aims to restore nature, promote biodiversity, and build ecological and community resilience.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 7:26 am

GOOG

GOOGL

Google is cutting jobs at its Waze mapping service as it merges the unit with its own map products. The company is shifting its Waze strategy to include Google ads rather than using a separate ads system, which will result in layoffs. The company aims to create a more scalable and optimized Waze Ads product. The number of jobs to be eliminated was not specified. This follows Google's announcement in January of laying off 12,000 employees, or 6% of its workforce.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 10:02 pm

MNTK

Montauk Renewables plans to develop a renewable natural gas facility in Orange County, California. The project, expected to be commissioned in 2026, will process large volumes of biogas. The projected capital investment is between $85M and $95M, with a production capacity of approximately 3,600 MMBtu per day.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 9:38 pm

SPR

Spirit AeroSystems, Inc., a subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE:SPR), has proposed a new four-year contract to the Local Lodge 839 of the International Association of Machinists and Aerospace Workers (IAM). The contract includes a total wage increase of 9.5% in the first year and a guaranteed increase of 23.5% over the contract's life. IAM union members will vote on the contract on June 29.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 9:04 pm