Streetbeat News

Corporate Responsibility

JBLU

JetBlue Airways has announced an agreement to defer approximately $2.5 billion of planned aircraft capital expenditures originally scheduled for 2024 to 2027, now postponed to 2028. This move is aimed at managing the airline's financial commitments and capital expenditure over the next few years.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:40 am

JBLU

JetBlue Airways is implementing new revenue and cost initiatives aimed at restoring profitability by 2024. The airline is taking aggressive action, which includes launching $300 million worth of revenue initiatives.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:38 am

RGS

Regis Corporation (NASDAQGM:RGS) has adopted a tax benefits preservation plan to protect its net operating loss carryforwards (NOLs) and other tax attributes. As of September 30, 2023, Regis reported approximately $646 million in U.S. federal NOLs, which are mostly not subject to expiration and can offset future taxable income.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:36 am

META

Meta Platforms Inc (NASDAQ:META) has partnered with the Center for Open Science to share 'privacy-preserving social media data' with researchers, ahead of a congressional hearing on children's online safety. The company, facing pressure to provide data for research on social media's mental health impact, expanded access through the Meta Content Library. CEO Mark Zuckerberg will testify before Congress, as Meta introduces new safety measures on Facebook and Instagram, including messaging restrictions and parental controls. META shares were up 0.47% premarket.

Portfolio Pulse from Anusuya Lahiri

January 30, 2024 | 11:17 am

BEEM

Beam Global has appointed Mark Myers as its new Chief Operating Officer (COO).

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:04 am

DIS

Reliance Industries has not commented on rumors of a potential merger with Walt Disney Co's India unit. The speculation arose from reports of advanced discussions to merge media and entertainment operations in India, potentially creating the largest media conglomerate in the country. However, Reliance has remained silent following a recent dispute involving Zee Entertainment and Disney Star, which could lead to a $2-billion valuation downgrade for Disney Star due to financial losses from media rights agreements.

Portfolio Pulse from Utkarsh Roshan

January 30, 2024 | 10:35 am

NUTX

Nutex Health has fully paid off its $2.74M debt to Yorkville Advisors and is executing a new strategic plan. This includes closing two underperforming hospitals in Texas, which is expected to save approximately $5 million annually. The company is also working on initiatives to reduce cash operating expenses and improve profitability by the third quarter of fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:33 am

RNLSY

RNSDF

Renault Group has postponed the IPO of its EV and software arm Ampere due to unfavorable stock market conditions. Initially planned for the first half of 2024, Renault now aims to fund Ampere until it reaches breakeven in 2025. The decision follows Renault's ability to generate sustainable cash flow, as demonstrated by its 2023 results. Ampere will concentrate on reducing EV costs and launching new vehicles.

Portfolio Pulse from Anan Ashraf

January 30, 2024 | 9:15 am

CHT

Chunghwa Telecom Co. anticipates a revenue increase of 2.4%-3.1% YoY for 2024, with expected revenues between NT$228.54B and NT$230.19B. The company projects an EPS of NT$4.60-NT$4.80. Operating costs are also expected to rise by 4.0%-4.6%, leading to a potential decrease in income from operations. Investments in 5G, data centers, submarine cables, and ESG practices are driving an increase in property, plant, and equipment acquisitions.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:12 am

SPGI

S&P Dow Jones Indices (S&P DJI) has been chosen by PenSam, a Danish pension provider, to create a custom climate-focused index using S&P DJI's beS&P Index service. This service allows clients to collaborate on index-based solutions tailored to their specific needs, incorporating proprietary exclusions and targeted exposures.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 8:09 am