Streetbeat News

Corporate Responsibility

VBIV

VBI Vaccines shares are experiencing increased volatility following the company's announcement of a restructuring last week.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:54 pm

PEP

PepsiCo Beverages North America is investing in a new warehouse and distribution center in Smyrna, Tennessee, to enhance its operations in the Greater Nashville area.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:36 pm

ADSK

BULD

MAKX

Autodesk, Inc. (NASDAQ:ADSK) shares are trading higher after activist investor Starboard issued a presentation urging improvements at the company. Starboard criticized Autodesk's financial performance and management, calling for changes to boost profitability and shareholder value. They suggested reassessing CEO Andrew Anagnost's performance, improving operating margins, and revising compensation practices. Autodesk's stock jumped 3.62% following the news. Investors can also gain exposure via Pacer BlueStar Engineering the Future ETF (NASDAQ:BULD) and ProShares S&P Kensho Smart Factories ETF (NYSE:MAKX).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 4:58 pm

DAL

MSFT

Microsoft has criticized Delta's comments as incomplete, false, misleading, and damaging. Microsoft claims that Delta's CEO ignored an email from Satya Nadella and refused offers to help. A preliminary review suggests that Delta has not modernized its IT infrastructure.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:02 pm

DUK

Duke Energy plans to build 12 solar plants in Florida between 2025 and 2027. The company has restored 90% of customers affected by Storm Debby and expects the storm to impact the Carolinas later this week.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:36 pm

PSX

Phillips 66 plans to cut jobs as part of its strategy to advance its strategic priorities. The total job reductions will amount to fewer than 1% of its employee count.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:11 pm

SINT

SINTX Technologies, Inc. (NASDAQ:SINT) has appointed Eric K. Olson as the new CEO and President, succeeding Dr. B. Sonny Bal, who will continue as Chairman of the Board.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:35 pm

NSC

Norfolk Southern Corporation (NSC) and the American Train Dispatchers Association (ATDA) have launched a one-year pilot program under the Federal Railroad Administration's Confidential Close Call Reporting System (C3RS). This initiative allows dispatchers to report safety concerns without fear of discipline, aiming to enhance communication and safety in railroad operations.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:29 pm

ASML

INTC

NVDA

TSM

Intel Corporation (NASDAQ:INTC) reported disappointing Q2 earnings, missing analyst estimates and providing weak guidance for the second half of the year. The report negatively impacted other chip stocks including NVIDIA (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company (NYSE:TSM), and ASML Holding (NASDAQ:ASML). Intel's revenue dropped 1% YoY to $12.8 billion, with a net loss of $1.61 billion. The company plans drastic actions including a 15% headcount reduction and suspending its dividend to improve its financials.

Portfolio Pulse from Upwallstreet

August 06, 2024 | 1:28 pm

GPN

Global Payments Inc. (NYSE:GPN) has appointed Robert Cortopassi as its new president and chief operating officer, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:32 pm