Streetbeat News

Corporate Responsibility

FMX

FEMSA announced leadership changes as part of its FEMSA Forward strategy. CFO Eugenio Garza y Garza will step down on April 30, 2024, succeeded by Martin Arias Yaniz. Francisco Camacho Beltrán, Chief Corporate Officer, will also leave. The changes aim to strengthen FEMSA's core business verticals and ensure strategic, financial, and capital market alignment. Eugenio's contributions include implementing the FEMSA Forward strategy and leading significant transactions. Martin Arias Yaniz, with 25 years at FEMSA, will initially serve as interim CFO.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:39 pm

AAPL

Apple Inc.'s (NASDAQ:AAPL) Vision Pro users report unexplained cracks in the device's front glass, leading to potential $800 repair bills. The issue, highlighted by multiple Reddit users, occurs at the nose bridge, suggesting a design flaw. Apple advises affected users to pay a deductible for repairs, raising concerns about the device's durability and cost-effectiveness. This adds to previous concerns about the device's scratch resistance and user comfort.

Portfolio Pulse from Rounak Jain

February 23, 2024 | 12:11 pm

PLUG

Plug Power and Uline have expanded their partnership to deploy hydrogen infrastructure and fuel cell solutions at Uline's new campus in Kenosha, Wisconsin. This collaboration aims to enhance operational efficiency and sustainability at the facility.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:03 pm

T

TMUS

VZ

AT&T Inc. (NYSE:T) has partnered with L&T Technology Services to join the Connected Climate Initiative, aiming to reduce global emissions by one gigaton by 2035 through advanced connectivity solutions like IoT, 5G, and edge computing. This collaboration highlights AT&T's commitment to environmental sustainability. Additionally, AT&T recently resolved a major cellular outage affecting various telecom providers, including Verizon Communications Inc. (NYSE:VZ) and T-Mobile US, Inc. (NASDAQ:TMUS), denying rumors of a cyber attack and attributing it to an internal error.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 11:39 am

CBRL

Cracker Barrel Old Country Store, Inc. (CBRL) announced the acceleration of Sandra B. Cochran's retirement and her resignation from the Board of Directors on February 22, 2024. Carl T. Berquist, previously the Lead Independent Director, has been appointed as the new independent Chairman of the Board. Additionally, the Board's size was reduced from eleven to ten members.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:11 am

KIND

Nextdoor Holdings has announced the appointment of Nirav Tolia as its new Chief Executive Officer, President, and Chairperson. Tolia, who is replacing Sarah Friar, is set to lead the company into its next phase of growth.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:08 am

GOOG

GOOGL

Alphabet Inc's CEO Sundar Pichai emphasized the importance of AI in enhancing cybersecurity at the Munich Security Conference. He highlighted AI's role in improving detection and response to cyber threats. Google introduced a new initiative offering AI tools for online security, including a tool named Magika for malware detection. Major companies, including Adobe, Amazon, Google, IBM, Meta, Microsoft, OpenAI, TikTok, and X (formerly Twitter), signed a pact to prevent AI misuse in elections. Google's focus on AI development is also shown through a $60 million deal with Reddit to train AI models.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 9:17 am

GOOG

GOOGL

Elon Musk hinted at launching 'XMail' as an alternative to Alphabet Inc.'s Gmail, amidst rumors and misinformation about Gmail being phased out. Musk's announcement follows Gmail's assertion of its permanence and comes amid Google's history of discontinuing products. Musk aims to transform the X social media platform into an 'everything app', continuing his trend of introducing new features since acquiring Twitter.

Portfolio Pulse from Ananya Gairola

February 23, 2024 | 8:50 am

T

AT&T (T) and L&T Technology Services have formed a strategic alliance to address global emissions, focusing on leveraging technology to reduce carbon footprint and enhance sustainability efforts. This partnership aims to innovate in areas critical for environmental conservation.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 6:46 am

TSLA

Tesla Inc (NASDAQ:TSLA) is planning to release a software update in Q2 to reduce the power consumption of its sentry mode by about 40%, as announced by Drew Baglino, Senior Vice President of Power and Energy Engineering. Sentry mode, which uses the vehicle's cameras and sensors to monitor surroundings when parked, has been criticized for its high power usage, known as vampire drain. The update aims to address these concerns without compromising the feature's security benefits.

Portfolio Pulse from Anan Ashraf

February 23, 2024 | 3:25 am