Streetbeat News

Corporate Responsibility

WMT

Walmart Inc. (NYSE:WMT) announced plans to build or convert over 150 stores in the next five years and remodel 650 stores in the next 12 months, creating jobs and investing in communities. Additionally, Walmart will conduct a 3-for-1 stock split to make share purchasing more attainable for its associates. The stock split was approved by the board and aligns with the company's growth and future plans, aiming to encourage associate participation in stock ownership.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 3:37 pm

EDBL

WMT

Edible Garden has updated on its sustainability initiatives, including participation in Walmart's Project Gigaton, aiming to reduce waste and improve supply chain productivity. The company is a leader in Controlled Environment Agriculture and is committed to a Zero-Waste Inspired mission.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:39 pm

AAPL

Epic Games has filed a court document accusing Apple Inc. (AAPL) of not fully complying with a court order to allow developers to direct users to alternative payment options outside the App Store. Apple requires developers to apply for 'Link Entitlement' and has limited the use of alternative links to the US iOS and iPadOS App Store. Additionally, Apple has reduced its commission on purchases made through external links to 27% from 30%, but Epic Games disputes Apple's compliance and plans to seek relief from the court.

Portfolio Pulse from Rounak Jain

January 31, 2024 | 2:29 pm

BA

Boeing CEO Calhoun stated on CNBC that the company has the 'plug issue' completely under control, indicating a resolution to a previously identified problem.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:26 pm

INVZ

Innoviz Technologies has announced an operational realignment which includes transitioning its InnovizOne product into series production and reducing its workforce by 13%. The company expects these changes to decrease its planned cash outlays for 2024 by $22M-$24M.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:11 pm

ITRI

Itron, Inc. is collaborating with Lightwell to integrate Lightwell's LED technology with Itron's smart street lighting solution for Fluvius. The partnership aims to reduce energy costs and minimize energy waste.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:55 pm

ORGS

Orgenesis Inc (NASDAQ:ORGS) has acquired an additional 25% stake in its cell processing services subsidiary, Octomera, from MM OS Holdings, an affiliate of Metalmark Capital Partners, achieving 100% ownership. Metalmark will receive a 5% royalty on Octomera's net revenue from 2025-2027 and a portion of proceeds in case of a change of control within ten years. Orgenesis CEO Vered Caplan highlighted the support from FDA and EMEA regulators for decentralized production, which aligns with the company's approach.

Portfolio Pulse from Vandana Singh

January 31, 2024 | 1:45 pm

CETX

Cemtrex Inc. has announced receiving new orders worth $3.8 million for two advanced industrial services projects. These new projects could potentially enhance the company's revenue stream and signal its capability in securing significant contracts in its industry.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:33 pm

GOOG

GOOGL

Alphabet Inc.'s Google anticipates $700 million in severance costs in Q1 2024, a significant reduction from the $2.1 billion spent in 2023. The layoffs, affecting over 1,000 employees, spanned hardware and software departments, including Google Assistant, YouTube, and advertising sales. Google is restructuring to improve cost efficiency, consolidating teams like Nest and Fitbit under the Pixel division, and focusing on organizational efficiency and top engineering talent.

Portfolio Pulse from Rounak Jain

January 31, 2024 | 1:31 pm

SBEV

Splash Beverage Group has appointed Stacy McLaughlin as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:20 pm