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VLVCY

Volvo Cars has revised its plan to offer only electric vehicles by 2030, now aiming for a mix of battery electric and plug-in hybrid vehicles to account for 90-100% of sales. This change is due to waning EV demand and market conditions, but Volvo remains committed to full electrification long-term.

Portfolio Pulse from Anan Ashraf

September 05, 2024 | 7:33 am

ADN

Advent Technologies received a Nasdaq notification for non-compliance with listing requirements but has been granted an extension to file delinquent reports by October 14, 2024. The company is working to regain compliance and has appointed three new board members.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:05 pm

HUYA

HUYA has appointed Raymond Peng Lei as Acting Co-CEO and CFO, effective September 5, 2024. Lei will succeed Ashley Xin Wu as Acting Co-CEO and will share CEO duties with Junhong Huang. Wu will remain as Vice President of Finance.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 9:12 pm

T

AT&T is progressing on its sustainable growth strategy, maintaining its 2024 capital investment forecast at $21-22 billion for 5G and fiber. The company aims for $2 billion+ in cost savings by mid-2026 and targets a net-debt to adjusted EBITDA ratio of 2.5x by early 2025.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 9:09 pm

MODG

Topgolf Callaway Brands Corp (NYSE:MODG) plans to split into two separate companies, separating its Callaway and Topgolf businesses. The spin-off aims to enhance strategic focus and value creation for shareholders. The transaction is intended to be tax-free.

Portfolio Pulse from Adam Eckert

September 04, 2024 | 9:03 pm

BBY

SEE

Sealed Air has introduced new packaging solutions for Best Buy, focusing on using more recycled content in packaging materials. This move aligns with sustainability goals and could impact both companies positively.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:35 pm

VOYA

Voya Financial has appointed Michael Katz as its new Chief Financial Officer. This leadership change could influence the company's financial strategies and operations.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:32 pm

FTV

Fortive Corporation announced plans to separate into two independent public companies by spinning off its Precision Technologies segment in a tax-free manner. This strategic move aims to enhance focus and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:32 pm

PEGY

Pineapple Energy Inc. has appointed Andy Childs as the Interim CFO, succeeding Eric Ingvaldson, who resigned effective August 30, 2024. This leadership change may impact the company's financial strategies and operations.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:30 pm

MODG

Topgolf Callaway Brands plans to separate into two independent companies: Callaway, focusing on golf equipment and active lifestyle, and Topgolf, a venue-based golf entertainment business. The spin-off is expected to be tax-free for shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:21 pm