Streetbeat News

Corporate Responsibility

AMD

BA

TSLA

The article covers a range of topics from cryptocurrency trends, with Dogecoin surging and Bitcoin and Ethereum cooling, to US politics, including Biden vs. Trump voter preferences. It also touches on US and world politics, the economy, tech developments, electric vehicles, consumer issues, communication, industrial contracts, healthcare, general news, space exploration, and energy sector updates. Notably, it mentions companies like AMD, Tesla, and Boeing, among others, in various contexts from stock performance to new contracts and product updates.

Portfolio Pulse from Akanksha Bakshi

March 01, 2024 | 2:46 pm

NTIP

Network-1 Technologies, Inc. has been granted a new patent by the U.S. Patent Office, expanding its Machine-to-Machine (M2M)/Internet of Things (IoT) patent portfolio to a total of 51 patents worldwide. This development strengthens the company's intellectual property position in the rapidly growing M2M/IoT sector.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:47 pm

NSC

Ancora Holdings Group, LLC and its affiliates (the Investor Group), holding a significant stake in Norfolk Southern Corporation (NYSE:NSC), issued an open letter criticizing the company's leadership and proposing changes. They highlighted CEO Alan Shaw's 37% pay raise despite poor performance, including the East Palestine derailment. The Investor Group nominated eight candidates for the board and proposed a new management team, urging a focus on safety, growth, and value creation. They criticized the current board's actions as serving CEO interests over shareholders and called for a fact-based election contest.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:37 pm

AAPL

META

A U.S. court has ordered NSO Group to share its Pegasus spyware code with WhatsApp, owned by Meta Platforms Inc. (NASDAQ:META), marking a significant victory for WhatsApp in its lawsuit against NSO for spying on users. This development is part of ongoing legal battles involving NSO's Pegasus spyware, including a lawsuit by Apple Inc. (NASDAQ:AAPL) accusing NSO of infiltrating iPhones.

Portfolio Pulse from Rounak Jain

March 01, 2024 | 1:22 pm

D

Dominion Energy announced the conclusion of its business review and will host an investor meeting today to discuss its multi-year financial and capital investment guidance. This indicates a strategic move to provide transparency and potentially set the stage for future growth.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:44 pm

NYCB

New York Community Bancorp's shares dropped following the announcement of material weaknesses in its internal controls over loan review, attributed to ineffective oversight, risk assessment, and monitoring activities.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:42 pm

BA

Boeing Company (NYSE:BA) has been awarded a $3.4 billion contract by the U.S. Navy to manufacture P-8A Poseidon aircraft for the Royal Canadian Air Force and the German Navy. The contract includes aircraft for Canada, with the first delivery expected in 2026, and additional aircraft for Germany, increasing their total to eight with the first delivery in 2025. This contract is expected to generate significant economic benefits, including over 3,000 jobs in Canada.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 12:14 pm

EU

Encore Energy announced the launch of scholarship programs and an education society, aiming to support education and provide financial assistance to students.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:10 pm

MAT

Mattel Inc (NASDAQ:MAT) has announced a delay in submitting its 2023 annual report due to deficiencies in information technology, which are considered a material weakness in its internal control over financial reporting. Despite this, the company does not expect these deficiencies to materially affect its financial disclosures and is committed to filing the report by March 15. This news comes after Mattel disclosed its Q4 and full-year 2023 financial results on February 7 and faced pressure from activist investor Barington Capital earlier in February. Mattel, with a market cap of about $6.5 billion, is exploring ways to leverage its intellectual property, including film projects.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 11:34 am

MGM

MGM Resorts International and its online betting arm, BetMGM, have announced partnerships with Kindbridge to advance research and provide mental health services for problem gambling. This initiative underscores the companies' commitment to responsible gambling and mental health support.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:10 am