Streetbeat News

Partnerships

FJTSY

NOW

ServiceNow and Fujitsu have announced a strategic partnership to launch innovative cross-industry solutions. This collaboration will leverage ServiceNow's AI platform and Fujitsu's industry expertise to deliver enhanced value to global customers. A new Fujitsu-ServiceNow Innovation Center will be established to focus on digital transformation offerings and customer success. Additionally, Fujitsu plans to expand its use of the Now Platform to provide greater value to its customers.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:10 am

BA

Boeing Co's (NYSE:BA) first crewed flight test of the Starliner spacecraft to the ISS is delayed to no earlier than May 17, due to an issue with the Atlas V rocket. United Launch Alliance will replace a faulty valve, with the launch now set for 6:16 p.m. EDT, May 17. This delay follows several postponements since the spacecraft's initial uncrewed test flight was planned in 2015. Success in the upcoming test could position Boeing alongside SpaceX as a private company shuttling astronauts to the ISS for NASA.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 6:45 am

LYFT

RDDT

RIVN

TSLA

UBER

On Tuesday, major U.S. indices showed mixed results with the Dow Jones slightly up and the Nasdaq slightly down. Reddit, Rivian, Lyft, Uber, and Tesla were among the top stocks watched by investors. Reddit reported better-than-expected sales but missed on earnings, Rivian beat revenue estimates, Lyft exceeded sales forecasts but missed on earnings, Uber announced a partnership with Maplebear for Uber Eats, and Tesla halted production at its German Gigafactory due to protests.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 4:04 am

CMCSA

DIS

Disney is enhancing its streaming service by adding an ESPN tile to Disney+ for U.S. subscribers, aiming to include select live games and studio programming by end of 2024. CEO Bob Iger also announced a shift in Marvel's content strategy to focus on quality over quantity, reducing the number of TV series and films produced annually. Additionally, Iger expressed confidence in securing a long-term NBA rights deal for ESPN. These strategic moves come as Disney's direct-to-consumer segment reaches profitability, despite moderating growth in its parks segment. Disney is also in negotiations with Comcast Corporation over Hulu's valuation.

Portfolio Pulse from Kaustubh Bagalkote

May 08, 2024 | 3:18 am

LFLY

Leafly, a leading online cannabis discovery marketplace and resource for cannabis consumers, has appointed Peter Lee as its new President and Chief Operating Officer. This strategic move aims to leverage Lee's extensive experience to drive Leafly's growth and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:53 pm

NN

NextNav (NASDAQ:NN) announced the appointment of Dr. Sanyogita Shamsunder as its new COO, effective May 9, 2024. With over 20 years of experience, including roles at Google and Verizon, Shamsunder's expertise in telecom and technology will support NextNav's growth in 3D geolocation and PNT solutions. Her appointment is seen as a strategic move to enhance operational excellence and innovation.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:46 pm

CWH

LCII

LCI Industries, through its subsidiary Lippert Components, has acquired the furniture business assets of CWDS, LLC, a subsidiary of Camping World Holdings, effective May 3, 2024. This acquisition aims to expand Lippert's furniture portfolio for the RV and marine industries, expecting to create synergies and enhance customer experience. Both companies anticipate this deal to strengthen their long-standing partnership, focusing on improving RV installations, enhancements, and repairs through Lippert's product offerings and Camping World's dealership network.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:43 pm

AIRJ

Montana Technologies Corp. (NASDAQ:AIRJ) announced the appointment of new executives including Stephen Pang as CFO, alongside other key management roles to strengthen its team. The company is focusing on scaling operations and advancing its AirJoule technology for wider commercial adoption.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:38 pm

GVA

Granite Construction (NYSE:GVA) is expanding its presence in the Inland Empire, California, by opening a new office in Ontario. This move is part of Granite's strategy to strengthen its market position and support regional growth. The company aims to enhance local infrastructure, foster client relationships, and participate in upcoming projects. Granite's commitment is highlighted by its involvement in significant projects like the $25 million Hub at Ontario, set to begin in June 2024, and its focus on local hiring and community contribution.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:37 pm

UMAC

Unusual Machines, Inc. (NYSE:UMAC) has formalized Allan Evans as CEO for two years, following significant corporate developments including NYSE American listing, acquisitions of Rotor Riot and Fat Shark from Red Cat Holdings, reincorporation in Nevada, and joining the Red Cat Futures Initiative. The company is focusing on U.S.-based drone component production compliant with NDAA, aiming for a U.S.-made flight controller for FPV drones by Q2 2024 for Blue UAS certification. Leadership changes and the appointment of Salberg & Company as the new audit firm were also announced.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:31 pm