Streetbeat News

Corporate Responsibility

RIO

Rio Tinto has completed the construction of its solar power plant at the Diavik Diamond Mine, marking a significant step towards sustainable energy use in its operations.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 5:14 pm

GXO

Italy's tax police have seized €84 million from GXO Logistics' Italian unit following an investigation into alleged tax fraud. The Milan Prosecutors' Office accused GXO of circumventing labor and tax laws through cooperatives or limited liability companies, resulting in false tax declarations and worker exploitation. GXO is cooperating with the investigation.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 4:57 pm

AAL

American Airlines (NASDAQ:AAL) has announced a conditional purchase agreement with ZeroAvia for 100 hydrogen-electric engines, aiming to power regional jets with zero inflight emissions. This move aligns with American's sustainability goals and includes increased investment in ZeroAvia. The initiative supports American's goal of achieving net-zero greenhouse gas emissions by 2050.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 4:16 pm

GOOG

GOOGL

Google and ENGIE have signed new Corporate Power Purchase Agreements (cPPAs) for 118 MW of renewable power in Belgium. ENGIE will support Google's operations and expansion in Belgium with energy from new and existing wind farms. This partnership aligns with Google's goal of achieving net-zero emissions and 24/7 carbon-free energy by 2030.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 4:11 pm

VS

Versus Systems, Inc. (NASDAQ:VS) stock is rising after announcing Curtis Wolfe as the new Interim CEO and plans for strategic restructuring. The company aims to evaluate its technologies, product offerings, and partnerships to create new growth opportunities.

Portfolio Pulse from Dylan Berman

July 02, 2024 | 3:50 pm

VS

Versus Systems shares are trading higher following the announcement of Curtis Wolfe as Interim CEO.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 3:50 pm

LYFT

UBER

Addison Lee, a London-based minicab firm, is being put up for sale by its majority shareholder, Cheyne Capital. Jefferies, the investment bank, has been hired to explore potential buyers. The process is in its early stages and may not result in a transaction.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 3:29 pm

SMID

Smith-Midland announced the resignation of its CFO, Stephanie Poe, effective July 17. The company will begin a search for a new CFO.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 3:28 pm

APIE

DFIV

HSBC

HSBC Holdings Plc (NYSE:HSBC) is implementing cost-cutting measures, including slowing hiring and reducing travel and entertainment expenses for investment bankers, as it prepares for a new CEO. The bank is also managing costs in anticipation of potential interest rate cuts by central banks. HSBC's stock has gained over 9% in the last 12 months, and investors can gain exposure through ETFs like Dimensional International Value ETF (NYSE:DFIV) and Trust For Professional Managers ActivePassive International Equity ETF (NYSE:APIE).

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 2:41 pm

EXPI

The Bear Cave Newsletter has issued a report titled 'Even More Problems at eXp World Holdings,' highlighting ongoing issues at the company.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:32 pm