Streetbeat News

Partnerships

F

GM

WKSP

Ford Motor (NYSE:F) and General Motors (NYSE:GM) exceeded first quarter earnings estimates with strong sales of internal-combustion engine vehicles, particularly trucks, despite losses in their EV divisions. Worksport Ltd (NASDAQ:WKSP) announced a significant partnership with Chief of Chaos to drive growth for its innovative truck accessories, including the SOLIS solar-powered tonneau cover and COR portable battery system, with potential OEM interest from companies like Hyundai. Ford's EV division reported substantial losses, highlighting the challenges of transitioning to electric vehicles.

Portfolio Pulse from Upwallstreet

May 02, 2024 | 2:46 pm

CBSTF

CRLBF

VRNOF

Cannabis workers at Sunnyside, a Cresco Labs (OTCQX:CRLBF) subsidiary in River North, Illinois, voted to join Teamsters Local 777. This marks the sixth Cresco location to unionize with Local 777, following successful contract negotiations for five other Illinois locations. The move is part of a broader trend of unionization within the cannabis industry, with successful efforts also noted at Cannabist Company Holdings Inc (CBSTF) in New Jersey, Grassdoor in California, and Verano Holdings Corp (VRNOF) in Chicago.

Portfolio Pulse from Nina Zdinjak

May 02, 2024 | 2:17 pm

TOPS

TOP Ships Inc. has started a time charter for its tanker M/T Eco Marina Del Rey at a rate 36% higher than its previous charter, expecting to generate $22.4M in revenue over the firm 3-year period, and potentially $30.7M if extended for an additional year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:45 pm

KSCP

Knightscope has achieved a significant milestone by deploying its K5 GOV autonomous security robot with the U.S. Department of Veterans Affairs. This marks the company's entrance into the federal sector, highlighting its innovation in public safety.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:30 pm

CURI

Curiosity, Inc. (CURI) and Estrella MediaCo have announced a partnership to launch Spanish-language FAST channels on Samsung TV Plus. This collaboration aims to expand their content offerings and reach a broader Spanish-speaking audience. The move is expected to enhance viewer engagement and potentially increase advertising revenue for both companies.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:27 pm

HOV

GTIS Partners and Hovnanian Enterprises, Inc. (NYSE:HOV) have expanded their homebuilding joint venture, now totaling $1B in equity to develop 12,600 homes valued at $6B. The expansion includes eight new communities across New Jersey, Florida, Delaware, and South Carolina, with a mix of townhomes, condominiums, and single-family homes. Hovnanian will manage the operations, contributing 30% of the capital, with GTIS covering the remaining 70%. This marks a significant growth in their decade-long partnership, emphasizing their commitment to high-growth markets in the US.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:12 pm

KD

RBRK

Kyndryl (NYSE: KD) and Rubrik (NYSE: RBRK) have announced a global strategic alliance to offer cyber incident recovery services, enhancing cyber resilience for customers. This partnership includes the launch of Kyndryl Incident Recovery with Rubrik, a managed service aimed at reducing the impact of cyber incidents, data loss, and disaster recovery for cloud and on-premises workloads. The service focuses on decreasing system downtime, reducing IT costs, and meeting rigorous cyber recovery regulations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:10 pm

BCOV

Brightcove (NASDAQ:BCOV) has integrated Amazon Q Business, a generative AI assistant from Amazon Web Services (AWS), to enhance its customer service efficiency and quality. This AI-powered chatbot, named 'Brightcove Expert Bot,' is designed to streamline customer support processes, enabling quicker and more effective solutions for technical cases and support requests. The adoption of Amazon Q represents a significant step in Brightcove's commitment to innovation and leveraging AI to improve internal operations and customer-facing workflows.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:09 pm

FAT

SIX

FAT Brands Inc. is expanding its partnership with Six Flags by introducing Hurricane Grill & Wings to Six Flags Great Escape Lodge in Queensbury, New York. This marks the third FAT Brands' restaurant concept to enter Six Flags properties, following Fatburger and Johnny Rockets. The new location represents FAT Brands' commitment to growth in non-traditional venues and expands Hurricane Grill & Wings' presence in New York state.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:07 pm

CHH

Choice Hotels International, Inc. (NYSE:CHH) announced the relaunch of Park Inn by Radisson during its 68th Annual Convention. This move, following the acquisition of Radisson Hotels Americas in 2022, aims to reposition Park Inn into the premium value conversion space, targeting younger, value-conscious travelers. The relaunch emphasizes a guest experience filled with color, connectivity, and convenience, offering features like fast Wi-Fi, smoke-free environments, and grab & go breakfast options. The first contract under the relaunched brand has been awarded in San Antonio, Texas, with high interest for future expansion. Choice Hotels now leverages its global reservation channels and franchisee support for the Radisson Hotels Americas brands, enhancing digital traffic and bookings while reducing OTA fees. Park Inn by Radisson will also integrate into the Choice Privileges rewards program, offering points that can be redeemed at over 7,000 Choice-branded hotels.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:06 pm