Streetbeat News

Corporate Responsibility

RPID

Rapid Micro Biosystems has completed an enterprise-wide review to realize operational efficiencies, including workforce reductions and expense cuts. These actions are expected to save $7 million annually and help achieve positive cash flow by 2027. The company will record a $0.7 million charge in Q3 2024 but does not expect an impact on 2024 revenue or gross margin.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:13 am

ACN

Accenture has acquired BOSLAN to assist clients in optimizing investments in net-zero infrastructure. The terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:51 am

CVX

Chevron Corporation announced the relocation of its headquarters from San Ramon, California, to Houston, Texas, along with senior leadership changes. The move aims to enhance collaboration and engagement among executives, employees, and business partners. The transition will be gradual, with minimal immediate impact on employees in San Ramon.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:18 am

AMD

INTC

Intel Corp. (NASDAQ: INTC) is offering a two-year extended warranty for its 13th and 14th Gen CPUs due to stability issues. This move comes after a disappointing financial report and significant cost reduction plans. Intel's stock has seen a significant decline, closing at $29.05 and falling further in after-hours trading.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 6:15 am

TSLA

Elon Musk responded positively to the U.S. Department of State's assessment of the Venezuelan presidential election, which criticized the election process and declared Edmundo González Urrutia as the rightful winner over Nicolás Maduro. Musk has previously been vocal about his disapproval of Maduro's election practices.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 1:21 am

BOC

Boston Omaha Corporation (NYSE:BOC) has promoted J. Max Meisinger to President and CEO of its broadband division, Boston Omaha Broadband (BOB). The division serves over 44,000 subscribers in Arizona, Utah, and other states. Steve McGhie, the outgoing CEO, will remain as a consultant.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:33 pm

AAPL

Apple CEO Tim Cook announced that the company will continue to make significant investments in AI technology during a conference call.

Portfolio Pulse from charles@benzinga.com

August 01, 2024 | 9:10 pm

IRTC

iRhythm Technologies announced that CFO Brice Bobzien will step down for personal reasons effective August 31, 2024, and will be succeeded by Daniel Wilson. Bobzien will continue in an advisory role into 2025 to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:08 pm

CSL

Carlisle Companies Incorporated (NYSE:CSL) announced an 18% increase in its quarterly dividend from $0.85 to $1.00 per share, payable on September 3, 2024. This marks the 48th consecutive annual dividend increase for the company.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:06 pm

CPS

Cooper Standard expects that the aggressive lean cost structure initiatives implemented in Q2 will drive improvements in profit margins and cash flow in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:03 pm