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FL

Foot Locker has expanded its physical presence by opening 22 new stores and remodeling or relocating 36 stores in Q3. However, the company also closed 14 stores during the same period. As of October 28, 2023, Foot Locker operates a total of 2,607 stores along with 190 franchised stores.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:55 am

GM

General Motors Corp. (NYSE:GM) stock surged over 5% in premarket trading after the company reinstated its full-year 2023 earnings guidance, which had been withdrawn due to a UAW strike. The guidance accounts for a $1.1 billion impact from the strike. GM also announced a $10 billion accelerated share repurchase program and plans to increase its common stock dividend by 33% starting January 2024. CEO Mary Barra expressed confidence in strong profits for 2023 and efficient cost management for the future. The company expects 2023 capital spending to be at the lower end of its prior guidance.

Portfolio Pulse from Shanthi Rexaline

November 29, 2023 | 11:52 am

ADXN

Addex Therapeutics has filed with the SEC for an offering of up to 516,081 American Depositary Shares (ADSs), each representing 120 ordinary shares, totaling 61,929,720 shares.

Portfolio Pulse from Charles Gross

November 29, 2023 | 11:50 am

PCG

PG&E Corporation (NYSE:PCG) plans to offer $1.5 billion in Convertible Senior Secured Notes due 2027 to repay part of its existing $2.75 billion term loan. The company will also provide an option to purchase up to an additional $225 million of the notes. The term loan, with an interest rate of about 8.44%, is set to mature in June 2025.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:48 am

BYDDF

BYDDY

BYD Co Ltd., a Chinese electric vehicle manufacturer, paid tribute to the late Charlie Munger, who was instrumental in Berkshire Hathaway's investment in BYD in 2008. Munger, who passed away on November 28, was remembered by BYD as a 'symbol of wisdom and vision.' Berkshire Hathaway's stake in BYD, initially purchased for $230 million, has significantly increased in value as BYD transitioned from an ICE manufacturer to a producer of new-energy vehicles.

Portfolio Pulse from Shanthi Rexaline

November 29, 2023 | 11:39 am

GM

General Motors (GM) has announced an accelerated share repurchase program valued at $10 billion. This move is part of the company's strategy to return value to its shareholders and is likely to be perceived positively by the market, as it indicates confidence in the company's financial stability and future prospects.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:32 am

GB

Global Blue Group announced that Tencent has agreed to invest $100M in the company's common equity, acquiring a 7.6% stake. The investment is split evenly between primary and secondary equity.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:28 am

ATXI

Robert Davidow has reported a 14.5% passive stake in Avenue Therapeutics, according to a 13G filing on Tuesday. Following the news, Avenue Therapeutics' shares saw a significant increase, rising 60% in premarket trading.

Portfolio Pulse from Charles Gross

November 29, 2023 | 10:05 am

SPI

SPI Energy Co., Ltd. (NASDAQ:SPI) has issued a $2.2 million 5% Convertible Promissory Note to Palo Alto Clean Tech Holding Limited, which is affiliated with SPI's CEO, COO, and CFO. The note can be converted into shares at a price of $1.10 per share.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 8:49 am

SQM

ADIONICS, a cleantech company specializing in eco-friendly lithium extraction, has raised $27 million in Series B funding. The round saw participation from historical stakeholders and new strategic investor SQM, a leader in lithium production. The funding is also backed by Bpifrance, Supernova Invest, Céleste Management, and Ovive, with the French state's support via the France 2030 program.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:29 am