Streetbeat News

Corporate Responsibility

SBUX

The Strategic Organizing Center (SOC), a Starbucks Corporation (NASDAQ:SBUX) shareholder, has withdrawn its director nominations following a breakthrough in labor relations between Starbucks and Workers United. This decision was influenced by a recent agreement aimed at improving collective bargaining, resolving litigation, and facilitating a fair process for worker organization. The SOC views this as significant progress in Starbucks' labor relations strategy, benefiting all stakeholders. Meanwhile, proxy advisory firms ISS and Glass Lewis have recommended voting for Starbucks' director nominees at the upcoming Annual Meeting of Shareholders.

Portfolio Pulse from Shivani Kumaresan

March 05, 2024 | 3:41 pm

ROST

Ross Stores, Inc. (NASDAQ:ROST) is set to announce its Q4 earnings on March 5, 2024, with expectations of earnings at $1.65 per share, up from $1.31 per share year-over-year, and revenue projected at $5.81 billion, up from $5.21 billion. Karen Fleming was named President and Chief Merchandising Officer of dd's DISCOUNTS, a subsidiary, effective April 1, 2024. The stock closed up 0.2% at $149.96. Analysts from UBS, Wells Fargo, BMO Capital, Gordon Haskett, and TD Cowen have provided updates on their ratings and price targets for Ross Stores.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 3:02 pm

TSLA

The head of Tesla's Berlin factory reported that both power lines into the facility were damaged, according to Reuters. This incident could potentially impact production capabilities and timelines at one of Tesla's key manufacturing sites.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:47 pm

BTTX

Better Therapeutics (BTTX) has announced a partnership with the American College of Lifestyle Medicine to expand access to its AspyreRx program across 1,400 Federally Qualified Health Centers. This initiative aims to offer one million prescriptions for AspyreRx to patients in underserved communities, targeting those disproportionately affected by type 2 diabetes.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:30 pm

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) announced a 20 unit expansion order for BolaWrap 150 devices by the Detroit Police Department, following a successful initial deployment. The devices support the Crisis Intervention Team in safely managing individuals in mental health crises. This marks a significant adoption of Wrap's 'no-harm' public safety solutions in a major urban area, reflecting a shift towards minimal force policing.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:20 pm

TGT

Target's CEO announced plans to expand its supply chain by adding 10 more facilities over the next decade and launching a new membership program, 'Target Circle 360', next month.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:14 pm

ANSS

HYMTF

Hyundai Motor Company has selected Ansys (NASDAQ:ANSS) as a preferred supplier for structural simulation solutions, specifically Ansys Mechanical™ and Ansys LS-DYNA™, for next-generation vehicle body system analysis. This decision comes after an 18-month competitive evaluation, highlighting Ansys' superior market strategy, predictive accuracy, and product development commitment. The collaboration aims to enhance vehicle safety and comfort through advanced simulation tools.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:08 pm

THO

THOR Industries, Inc. (NYSE:THO) is set to release its Q2 earnings on March 6, 2024, with expected earnings of 68 cents per share and projected revenue of $2.27 billion. The company recently appointed Jeffrey D. Lorenger to its board and Michele McDermott as CHRO. THOR offers a 1.49% annual dividend yield, equating to $1.92 per year. To earn $500 monthly from dividends, an investment of approximately $397,250 is required. THO shares fell 1.5% to close at $127.12.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 2:02 pm

SBUX

The Strategic Organizing Center (SOC), a shareholder of Starbucks Corporation (NASDAQ:SBUX), has withdrawn its director nominations following an agreement between Starbucks and Workers United. This agreement, which includes collective bargaining and benefits for employees, is seen as a significant step towards improving Starbucks' labor relations and enhancing shareholder value. The SOC believes this move will allow Starbucks to focus on its new commitments to workers and governance reforms, potentially leading to improved company performance.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:37 pm

ITI

Iteris, Inc. (NASDAQ:ITI) has been awarded a contract by the Virginia Department of Transportation to develop a Traffic Operations Strategic Plan (TOSP) for Virginia. This initiative aims to improve safety, accessibility, and efficiency across the state's traffic operations. The project will involve collaboration with VHB, Kimley-Horn, and Prime AE, covering project management, research, development, and completion of the TOSP.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:36 pm