Streetbeat News

Corporate Responsibility

TXN

Texas Instruments (TXN) has priced $3 billion of investment grade notes, with varying interest rates and maturities ranging from 2027 to 2063. The proceeds are intended for general corporate purposes, with the offering set to close on February 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:22 am

FEAM

5E Advanced Materials, Inc. supports the bipartisan Congressional effort to include boron in the USGS 2025 Critical Mineral List. The company, which has a Critical Infrastructure designation for its Fort Cady Complex, emphasizes the importance of boron and lithium.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:10 am

WDC

Kioxia Corporation and Western Digital Corporation (NASDAQ:WDC) have been approved to receive up to 150 billion yen in subsidies for their Yokkaichi and Kitakami plants. This subsidy, aimed at boosting semiconductor production in Japan, will support the production of advanced 3D flash memory. This is the second time their joint venture has received such support, following a 92.9 billion yen subsidy in 2022.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:06 am

AMZN

Russian authorities are enforcing penalties for displaying rainbow-colored items under a Supreme Court ruling that declared LGBTQ+ activism as extremism. Fines and jail time have been imposed on individuals for such displays. This crackdown is part of Russia's broader policy against the LGBTQ+ community, including a recent law signed by President Putin prohibiting gender changes. In related actions, Amazon's Twitch and TikTok were fined in October 2022 for not removing content deemed as LGBT propaganda.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 7:00 am

AAPL

TSLA

U.S. Transportation Secretary Pete Buttigieg issued a warning to Tesla drivers against using Apple's Vision Pro VR headset while driving, emphasizing the need for driver attentiveness despite Tesla's advanced driver assistance systems. The warning followed a viral video of a Tesla Cybertruck driver using the headset. Tesla has not commented, while Apple advises against using the headset while driving. Tesla continues to advance its autonomous driving technology, with recent updates to its Full Self-Driving beta and customer benefits.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 5:51 am

BA

SPR

Spirit AeroSystems notified Boeing of a non-conformity found by an employee, which, after engineering review, was determined not to be a safety-of-flight issue. The review is ongoing, with a final disposition expected soon. Spirit will continue delivering fuselages with additional inspections and repairs as needed, maintaining normal production operations.

Portfolio Pulse from Charles Gross

February 05, 2024 | 10:06 pm

KR

Gary Millerchip is stepping down as Senior Vice President and CFO of Kroger to take an executive role at another public company. Todd Foley has been appointed as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:06 pm

SPCE

Virgin Galactic Holdings, Inc. (SPCE) reported to the FAA that an alignment pin detached from the mothership during the 'Galactic 06' flight. The issue, discovered during a standard post-flight review, did not pose a safety risk to the crew or vehicles. Virgin Galactic is conducting a review with the FAA, emphasizing that the flight was successful and adhered to safety protocols.

Portfolio Pulse from Charles Gross

February 05, 2024 | 10:04 pm

NTCO

Natura &Co's board has authorized management to explore the potential separation of Natura & Co Latam and Avon into two independent, publicly traded companies. This move aims to unlock further shareholder value by allowing each entity to pursue more tailored strategies with their own governance and management teams.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:50 pm

MSGE

Madison Square Garden Entertainment (MSGE) announced Michael Grau as the new Executive Vice President and CFO, starting April 1. Grau, joining from Altice USA where he was CFO, will start on February 12 as Executive Vice President, Finance.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:40 pm