Streetbeat News

Corporate Responsibility

DCI

Donaldson Company announced that CFO Scott Robinson will retire on October 31, 2024, and Brad Pogalz will take over the role.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:20 pm

TCEHY

UBSFF

Tencent Holdings ADR denied rumors of layoffs and restructuring, while announcing leadership changes. The company clarified that no widespread job cuts are planned, and its subsidiary TiMi Studio Group is actively recruiting. Tencent is also in talks with Guillemot Brothers Ltd. regarding Ubisoft Entertainment SA, potentially leading to a buyout.

Portfolio Pulse from Franca Quarneti

October 29, 2024 | 7:03 pm

SONY

Sony Group Corp.'s PlayStation unit is closing Firewalk Studios, the developer of the unsuccessful game 'Concord', and Neon Koi, a mobile game studio that hasn't released any games.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:48 pm

V

Visa is planning to lay off around 1,400 employees and contractors as part of a restructuring effort to streamline its international business. The layoffs are expected to occur by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:47 pm

AAPL

Apple Inc (NASDAQ:AAPL) has launched a new Mac mini featuring the M4 and M4 Pro chips, offering significant performance improvements and a smaller form factor. The Mac mini is Apple's first carbon-neutral Mac, with substantial reductions in greenhouse gas emissions. The M4 Pro chip supports demanding tasks with advanced capabilities, including ray-tracing and a faster Neural Engine. The new Mac mini supports Thunderbolt 5 for enhanced data transfer and connectivity. Apple's stock saw a slight increase following the announcement.

Portfolio Pulse from Anusuya Lahiri

October 29, 2024 | 5:48 pm

PFE

Pfizer's CEO has committed to taking all necessary actions to boost the company's earnings, indicating a strong focus on financial growth.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 5:32 pm

TVGN

Tevogen Bio has signed a letter of intent with CD8 Technology to build a $50M R&D and manufacturing facility, which will not impact shareholder equity. This move supports Tevogen's growth agenda and commitment to shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:45 pm

RIO

Rio Tinto has transitioned its Kennecott copper mine in Utah to renewable diesel for all heavy mining equipment, significantly reducing its carbon footprint and emissions.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:06 pm

JBLU

JetBlue is targeting an incremental EBIT of $800M-$900M from 2025-2027 as part of its JetForward strategy. The company is bolstering its liquidity through strategic financing to support this goal.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:14 pm

AMD

INTC

NVDA

QCOM

QQQ

SPY

Intel is investing $300 million to expand its chip packaging and testing facility in Chengdu, China, despite cybersecurity concerns. This move strengthens Intel's ties with China, its largest market, and aims to enhance supply chain efficiency. The expansion comes amid challenges such as a decline in server market share and strategic considerations like potential mergers and acquisitions.

Portfolio Pulse from Anusuya Lahiri

October 29, 2024 | 2:14 pm