Streetbeat News

Corporate Responsibility

ALIT

Alight has announced receiving director nominations from Starboard Value and advises its stockholders not to take any action currently.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:03 am

AZN

SDXAY

Sodexo has renewed its contract to provide food and facilities management services to AstraZeneca in the UK, Sweden, Denmark, Finland, and Norway for an additional five years.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:05 am

XYL

Xylem is actively collaborating with partners and communities worldwide to enhance water security throughout 2023. This initiative underscores the company's commitment to addressing global water challenges through strategic partnerships and community engagement.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:01 am

ALCPF

TSM

Taiwanese chip companies are expanding their operations in Japan as a strategic move amidst the U.S. efforts to limit China's semiconductor advancements. Companies like Alchip Techs and eMemory Technology are relocating or establishing operations in Japan, benefiting from the country's supportive government and subsidies. Taiwan Semiconductor (TSM) is also setting up its first plant in Kyushu, Japan, with plans for a second, highlighting Japan's growing importance in the global semiconductor supply chain.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 7:30 am

CVS

CVS Health has invested approximately $35M in two new affordable housing developments in Hawai'i, in collaboration with various partners. The investment aims to provide 369 new affordable housing units across Maui and O'ahu, addressing the critical need for housing, especially in areas affected by the 2023 Maui wildfires.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 7:28 am

BB

BlackBerry has announced a partnership with the SANS Institute to establish the BlackBerry Cybersecurity Center of Excellence (CCoE) in Malaysia. This initiative aims to offer SANS training courses to enhance cybersecurity skills and grow the cyber workforce in Malaysia and the Indo-Pacific region.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 7:16 am

GOOG

GOOGL

Google's Gemini, an AI-generated image tool by Alphabet Inc. (GOOG, GOOGL), has been criticized for producing inaccurate historical images. Google acknowledged the issue, stating efforts are underway to address these inaccuracies and improve representation and bias in image generation. The criticism was highlighted by tech figures and verified by Benzinga's tests, which showed Gemini's inability to generate images of Alphabet's founders accurately.

Portfolio Pulse from Ananya Gairola

February 22, 2024 | 7:05 am

GOOGL

Google (NASDAQ:GOOGL) is set to start manufacturing its Pixel smartphones in India, beginning with the Pixel 8 Pro in Southern India and the Pixel 8 in Northern India. This move aims to diversify its supply chain and tap into the Indian market, following a trend among tech companies like Apple and Samsung. The decision reflects a shift from manufacturing in Vietnam due to US-China tensions and aligns with the 'China+2' strategy for supply chain resilience.

Portfolio Pulse from Shomik Sen Bhattacharjee

February 22, 2024 | 6:07 am

TSLA

Tesla Inc (TSLA) will proceed with the expansion of its Giga Berlin factory despite a local vote against cutting trees for the expansion. Executive Rohan Patel stated the vote has 'zero impact' on future plans, emphasizing the company's commitment to environmental sustainability and community engagement. The expansion aims to double the plant's capacity for battery and car production, despite the non-binding local vote posing a challenge.

Portfolio Pulse from Anan Ashraf

February 22, 2024 | 3:56 am

NPSCY

X

A Reuters poll indicates nearly half of Japanese companies view a potential Trump presidency as a business risk, primarily due to concerns over protectionist policies. The apprehension stems from Trump's stance on blocking the acquisition of United States Steel Corporation (NYSE:X) by Nippon Steel Corporation (OTC:NPSCY), which could impact future acquisitions and shareholder interests in U.S. Steel.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 2:06 am