Streetbeat News

Corporate Responsibility

RUN

Sunrun (NASDAQ:RUN), a leading clean energy provider, has networked over 16,200 home solar-plus-storage systems in California to support the state's electrical grid, particularly during peak demand times in summer. This initiative, known as CalReady, aims to reduce grid strain and prevent power emergencies by supplying critical energy. Sunrun's efforts have doubled the capacity and participant number from the previous year, making CalReady the largest virtual power plant in the country. The program, part of California's Strategic Reliability Reserve, compensates Sunrun customers for sharing their stored solar energy, enhancing grid resilience and reducing the risk of blackouts.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:03 pm

BGSF

BGSF, Inc. has announced the suspension of its quarterly dividend and has initiated a process to evaluate potential strategic alternatives. This move indicates the company is exploring options to enhance shareholder value, which could include mergers, acquisitions, or a sale of the company. The suspension of dividends is a significant decision, reflecting the company's focus on evaluating its strategic options and potentially reallocating its resources.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:02 pm

HHH

Howard Hughes Corporation (HHH) maintains its full-year 2024 guidance, with Cash G&A expected between $80 million and $90 million, excluding costs from the Seaport Entertainment spinoff and non-cash stock compensation. Condo sales revenues are forecasted between $675 million and $725 million, driven by the completion of Victoria Place in Ward Village, which is fully pre-sold and expected to complete in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:57 pm

EHAB

Enhabit, Inc. (NYSE:EHAB), a leading home health and hospice provider, announced the conclusion of its strategic review process, which included evaluating a range of strategic alternatives such as a sale, merger, or other transaction. The Board, with assistance from Goldman Sachs and Sidley Austin, decided that continuing as an independent, public company aligns best with shareholder interests. Despite serious interest from various parties, no formal proposals were received, attributed to macro headwinds like uncertain regulatory developments, a challenging healthcare environment, and high interest rates. The company plans to focus on its core business, having seen positive momentum into 2024 with new hires, improved payor contracts, and controlled expenses.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:19 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) has secured agreements to add Lords of the Fallen and Sniper Ghost Warrior Contracts 2 to its Xbox Game Pass service, as confirmed by CI Games. The games are expected to be available on both Xbox and PC Game Pass. Lords of the Fallen, developed by Hexworks, and Sniper Ghost Warrior Contracts 2, developed by CI Games, are the highlighted additions. This announcement comes amidst a restructuring within Microsoft's gaming division, including the closure of several Bethesda studios.

Portfolio Pulse from Franca Quarneti

May 08, 2024 | 7:38 pm

ZS

Zscaler has announced a security update in response to a public post by a threat actor claiming to have potentially obtained unauthorized information from the cybersecurity company. Zscaler has initiated an ongoing investigation immediately after learning about the claims and is taking the situation very seriously.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:22 pm

GM

General Motors (GM) announced it will cease production of the Chevrolet Malibu, a model sold for over 60 years, to focus on electric vehicles (EVs). The company plans to invest $390 million in its Kansas assembly plant for the next-generation Chevrolet Bolt EVs, marking a shift from gasoline-powered cars to EVs and crossovers. The Malibu's discontinuation in November follows the end of the Chevrolet Camaro production last year. GM also plans to temporarily halt Cadillac XT4 production in January 2025, with layoffs expected until production of both the Bolt EV and XT4 resumes later that year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:08 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) has ceased development on Redfall, including DLC and an offline mode, as part of a broader restructuring within Xbox and Bethesda. The decision to halt the development roadmap and cancel the Hero Pass content has raised concerns about the game's future playability and disappointed players, especially given the game's already troubled history and criticism for its lackluster launch.

Portfolio Pulse from Franca Quarneti

May 08, 2024 | 6:24 pm

CZR

MGM

OKTA

PNC

V

Cybersecurity researchers have identified that the hacking group Scattered Spider, previously focusing on casinos like MGM Resorts International, has shifted its attention to targeting banks and insurance companies, including breaches through Caesars Entertainment's external IT vendor. The group has impacted several companies, including Visa, PNC Financial Services, and Synchrony Financial, by deploying phishing links to steal credentials. Okta Inc is combating the group's tactics by introducing new security features.

Portfolio Pulse from Shivani Kumaresan

May 08, 2024 | 6:21 pm

BYND

MCD

McDonald's Germany has introduced McPlant Famous Meals in collaboration with Beyond Meat, marking a significant expansion of plant-based options in its menu. This move is part of a broader trend towards offering more sustainable and vegetarian-friendly choices to customers.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 4:47 pm