Streetbeat News

Corporate Responsibility

XEL

Xcel Energy (XEL) has acknowledged its facilities may have been involved in the ignition of the Smokehouse Creek fire in the Texas Panhandle but disputes claims of negligence. The company is cooperating with investigations and conducting its own review. Xcel encourages those with property or livestock losses to submit claims and is working on wildfire mitigation strategies. CEO Bob Frenzel expressed commitment to supporting the community's recovery.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:03 pm

AAPL

MSFT

SPOT

Basecamp CTO David Heinemeier Hansson announced a shift back to Microsoft Windows in response to Apple's decision to block progressive web apps (PWA) for iPhone users in the EU, a move that has drawn criticism from developers. Apple's actions, including the termination of Epic Games' developer account and a recent $1.95 billion EU fine, have soured relations with the developer community, with Hansson naming Apple as the new 'enemy #1' of developers.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 1:57 pm

AIM

AIM ImmunoTech has introduced a new platform called CEO Corner, aimed at offering additional insights into press releases, corporate developments, and progress in their pipeline. This platform will also allow stakeholders to ask questions and suggest topics for future videos, enhancing communication between the company and its audience.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:46 pm

BTCUSD

MOGO

Mogo Inc. has announced the addition of Bitcoin to its treasury management strategy, with an authorized initial investment of $5 million. This move reflects the company's growing interest in cryptocurrency as a viable asset for corporate treasury management.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:45 pm

ETWO

E2open Parent Holdings, Inc. (NYSE:ETWO) announced the initiation of a strategic review to enhance shareholder value and strengthen its position in the supply chain management software market. The company reaffirmed its FY24 revenue guidance of $628M-$633M. The review aims to explore options for growth and value creation without a set deadline for completion. E2open's financial advisors for the review are Rothschild & Co and Citi, with Kirkland & Ellis as legal counsel.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:43 pm

CZR

Caesars Entertainment, Inc. (NASDAQ:CZR) and the NHL have renewed their partnership, extending Caesars' role as a Sports Betting and Gaming Partner. The new agreement includes access to NHL intellectual property for creating NHL-branded iCasino games on Caesars Digital platforms, exclusive Caesars Rewards member experiences, and enhanced visibility during NHL broadcasts. The partnership emphasizes responsible gaming and leverages the NHL's fan engagement to offer unique experiences and rewards through Caesars Sportsbook and Caesars iCasino platforms.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:38 pm

ETWO

E2open has announced the initiation of a strategic review process to explore options that could enhance shareholder value. This could include potential sales, mergers, acquisitions, or other strategic partnerships.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:36 pm

VOXX

VOXX International Corporation (NASDAQ:VOXX) announced a joint venture between its subsidiary EyeLock LLC and GalvanEyes Partners LLC to form BioCenturion, LLC. This new entity aims to consolidate technology, R&D, sales, marketing, and business development. GalvanEyes will manage the venture, with EyeLock retaining significant rights and responsibilities. The venture is expected to streamline operations and open growth avenues, with VOXX anticipating savings and a focus on profitable biometrics business. Beat Kahli steps down as VOXX's President but remains involved as co-Vice Chairman and CEO of BioCenturion.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:36 pm

CTXR

Citius Pharmaceuticals has successfully obtained $2.4 million in non-dilutive capital through the New Jersey Economic Development Program by converting its net operating losses. This financial maneuver provides the company with additional capital without diluting existing shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:35 pm

MPLN

MultiPlan Corporation (NYSE:MPLN) announced Jerry Hogge as the new Executive Vice President, Chief Operating Officer (COO). Hogge brings over 30 years of experience in operational and commercial leadership within healthcare and telecommunications. His appointment is part of MultiPlan's aggressive growth strategy, focusing on operational efficiency, expanding market share, and integrating acquisitions. CEO Travis Dalton highlighted Hogge's alignment with the company's goals for growth and innovation.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:18 pm