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ALK

BA

Alaska Air Group Inc (NYSE:ALK) has acquired a 19-acre training facility in Renton, Washington, from Unico Properties for $85.75 million. The facility, originally built by Boeing Co (NYSE:BA), will centralize training for Alaska Airlines' staff and will undergo $100 million in renovations. The move aims to enhance training and operational efficiency.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 10:54 am

FUFU

BitFuFu has appointed Calla Zhao as its new CFO, effective May 29, 2024. Zhao has been with the company as a financial controller since September 2021.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:01 am

GNSS

Genasys has launched an advanced EVAC emergency alert system to enhance public safety in San Diego.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:15 am

STM

STMicroelectronics (STM) has announced the establishment of the world's first fully integrated silicon carbide (SiC) facility in Catania, Italy. This new high-volume 200mm SiC manufacturing facility will focus on power devices and modules, including test and packaging. The project involves a multi-year investment of 5 billion euros, with 2 billion euros in support from the State of Italy under the EU Chips Act. The facility aims to support automotive and industrial customers in their transition to electrification and higher energy efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:23 am

VEON

VEON reported a total revenue of $1.278 billion for April YTD 2024, marking an 8.6% increase year-over-year. EBITDA also rose by 2.1% to $528 million. The company has appointed UHY LLP as auditors for its 2023 PCAOB audit.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:38 am

TSLA

Institutional Shareholder Services (ISS) has advised Tesla shareholders to vote against CEO Elon Musk's $56 billion pay package, calling it 'excessive.' ISS also recommended a vote against Tesla director James Murdoch but supported director Kimbal Musk and the company's proposed move to incorporate in Texas. This follows a similar recommendation by Glass Lewis last week.

Portfolio Pulse from Anan Ashraf

May 31, 2024 | 6:22 am

TSLA

Elon Musk has denied any discussions about taking on a role in a potential Donald Trump administration. Despite media speculation, Musk clarified on X that there have been no talks about him joining a Trump presidency. The news comes amid reports of Musk advising Trump on crypto policy and their ongoing interactions.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 1:42 am

BFI

BurgerFi has appointed David Heidecorn as the new Chairman of the Board, succeeding Ophir Sternberg. The company has also entered into a Forbearance Agreement and Seventeenth Amendment to its credit facilities with TREW Capital Management, and both L Catterton and TREW have agreed to lend up to $4 million collectively to assist during a strategic review process.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:59 pm

BFI

BurgerFi has announced that it is reviewing strategic alternatives. The company will not provide further comments on the process but will make announcements as required by law.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:56 pm

QSI

Quantum-Si Incorporated (NASDAQ:QSI) has appointed Chuck Kummeth as the independent Chairman of the Board, effective May 27, 2024. Kummeth brings over 35 years of leadership experience in Life Sciences, having significantly grown Bio-Techne during his tenure as President and CEO.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:47 pm