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SIDU

Sidus Space (NASDAQ:SIDU) announced the appointment of Bill White as CFO effective February 20, 2024. White brings over 30 years of experience in financial management and has served as CFO for ProPhase Labs, Inc. and Intellicheck, Inc. His expertise in capital markets, M&A, and strategic planning aligns with Sidus' growth stage. Teresa Burchfield will step down as CFO but will remain in an advisory role to assist with the transition.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:55 pm

ALSN

Allison Transmission announced that a leading global logistics company will add Freightliner Cascadia CNG day cab tractors with Allison's 3414 RHS transmission to its fleet. This move, following the introduction of the 3414 RHS with the DD13 diesel engine and Cummins ISX12N engine, aims to enhance payload, performance, and sustainability. The 3414 RHS transmission is noted for its fuel economy, acceleration, and compatibility with alternative fuels, supporting sustainability without compromising efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:54 pm

AMZN

BABA

GOOG

GOOGL

Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower, down by 2.10% in premarket trading on Thursday, following its third-quarter results release. The company reported a 5% year-on-year revenue growth to $36.67 billion, slightly missing the consensus of $36.74 billion, and adjusted earnings per ADS of $2.67, below the consensus of $2.69. Additionally, Alibaba announced a $25 billion increase in its share repurchase program but also shelved IPOs for its logistics arm, Cainiao Smart Logistics, and Freshippo due to intense domestic competition and a recent recovery from a regulatory crackdown. The company underwent significant restructuring, splitting into six units and announcing layoffs of 20,000 positions, aligning with trends seen in other Big Tech firms like Amazon and Alphabet.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 1:47 pm

CNM

Core & Main Inc. (NYSE:CNM) announced Stephen O. LeClair as the new chairman of the board, effective immediately, while also serving as CEO. James G. Castellano and Kathleen M. Mazzarella take on new board roles. Affiliates of Clayton, Dubilier & Rice (CD&R) resigned from the board following the sale of their remaining stake in Core & Main in January 2024. The company emphasizes its focus on local service, profitable growth, strong cash flow, and delivering value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:45 pm

AAPL

DIS

IBM

Elon Musk criticized The Walt Disney Co. (NYSE:DIS) for its diversity policies, calling it a 'DEI gestapo' and attributing the decline in Disney's content quality to these policies. Musk's critique extends to other companies like Apple Inc. (NASDAQ:AAPL) and IBM (NYSE:IBM) for pulling ads from his platform X due to his controversial posts. This is part of an ongoing dispute with Disney, highlighted by a lawsuit filed by Gina Carano against Disney and Lucasfilm.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 1:40 pm

G

Genpact (NYSE:G) announces the appointment of Vipin Gairola as Global Operating Officer and Vidya Rao's expanded role to Chief Technology and Transformation Officer. These leadership changes aim to strengthen Genpact's focus on AI-first principles, leveraging data and technology for transformative growth. Gairola, previously with Accenture, will lead global client operations and the Operations and Cost Council. Rao will focus on reimagining internal processes and establishing a data office to enhance AI and automation initiatives.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:23 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has achieved ISO/SAE 21434 certification for its corporate processes related to automotive cybersecurity, as audited by UL Solutions. This standard, developed by ISO and SAE International, sets rigorous requirements for cybersecurity risk management across the automotive product lifecycle. The certification confirms Microchip's commitment to high cybersecurity standards in automotive design, benefiting customers by easing the compliance burden for electronic control units incorporating Microchip's security products.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:22 pm

MSFT

OpenAI, backed by Microsoft Corp., is hiring a child safety specialist to address concerns about AI misuse by minors. The newly formed Child Safety team will work on policies and processes to protect underage users and collaborate with internal and external partners. This initiative follows OpenAI's partnership with Common Sense Media to develop kid-friendly AI guidelines and comes amid increasing use of AI tools by children for schoolwork and personal issues.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 1:16 pm

GV

Visionary Education Technology Holdings Group has officially changed its name to Visionary Holdings. The company's common shares will still trade under the ticker symbol 'GV', and no action is required from the company's shareholders. The CUSIP number for the company's common shares will also remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:15 pm

RBBN

Ribbon Communications Inc. (NASDAQ:RBBN) has been selected by American Electric Power (AEP) to supply IP and Optical products to enhance AEP's network capabilities and supply chain reliability. This partnership underscores the importance of digital transformation in the utilities sector, meeting regulatory, security mandates, and improving services. Ribbon's solutions will support AEP's critical communications needs, emphasizing the significance of Ribbon's technology in modernizing and securing national infrastructure networks.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:12 pm