Streetbeat News

Partnerships

V

Visa and Taulia, an SAP company, have partnered to enhance global access to embedded finance by integrating Visa's digital payments technology into Taulia Virtual Cards. This collaboration aims to streamline the payments experience for buyers and suppliers by leveraging SAP's ERP solutions.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:02 pm

FMC

FMC Corporation has entered into a collaboration with Novonesis to expand its biologicals crop protection platform in Canada. Starting June 1, 2024, FMC Canada will become the exclusive distributor of Novonesis' biosolution products for the 2025 growing season. This partnership also includes joint R&D efforts to develop new biological technology for Canadian farmers.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:46 am

KLIC

Kulicke and Soffa Industries (KLIC) shares dropped following the announcement of the cancellation of Project W by one of its strategic partners, expected to reduce FY24 revenue results.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:38 am

KSS

Kohl's projects a net sales growth of (-1%)-1% for 2024, with comparable sales expected to grow between 0%-2%. The EPS is forecasted to be between $2.10-$2.70, excluding non-recurring charges. This outlook accounts for the potential impact from credit card late fee regulatory changes in H2 2024. Kohl's plans to invest approximately $500 million in capital expenditures, including expanding its Sephora partnership. Additionally, a quarterly dividend of $0.50 per share has been declared, payable on April 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:11 am

OSW

OneSpaWorld (OSW) has been named the exclusive spa provider for Royal Caribbean International through a new multi-year partnership. This collaboration is expected to enhance the guest experience on Royal Caribbean cruises by offering premium spa services.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:11 am

AAP

AZO

ORLY

Advance Auto Parts Inc (NYSE:AAP) has appointed three new independent directors to its board in a move to revitalize its performance, following a 40% share price decline over the past year. The appointments are part of a cooperation agreement with Third Point LLC and Saddle Point Management, L.P. This strategic realignment includes the sale processes for Worldpac and its Canadian business, aiming to enhance competitiveness against AutoZone Inc (NYSE:AZO) and O'Reilly Automotive Inc (NASDAQ:ORLY). The board will expand to 12 directors until the 2024 annual meeting, where 11 nominees, including the new directors, will stand for election.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 10:55 am

LHX

MMM

3M Co announced William M. 'Bill' Brown, former CEO of L3Harris Technologies, as its new CEO effective May 1, 2024, succeeding Michael Roman who will become Executive Chairman. Brown's extensive leadership experience in aerospace and defense at L3Harris and previously at Harris Corporation and United Technologies Corporation positions him well for this role.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:39 am

VLVLY

Volvo Cars (OTC:VLVLY) has partnered with Breathe Battery Technologies to reduce EV charging times by up to 30%. The collaboration aims to enhance charging efficiency using Breathe's battery management software, which promises faster charging while maintaining battery health. This move is part of Volvo's broader strategy to transition to electric mobility, including adopting Tesla's North American charging standard and phasing out diesel cars by 2024.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 10:22 am

IDYA

MRK

Ideaya Biosciences has partnered with Merck to conduct a Phase 1 trial evaluating IDEE161 in combination with Keytruda for endometrial cancer. This collaboration includes a clinical trial collaboration and supply agreement.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:11 am

NAAS

NaaS Technology (NASDAQ:NAAS) has formed a strategic partnership with China Construction Third Engineering Bureau (CCTEB) to accelerate the digitalization and expansion of the EV charging infrastructure network in China. The collaboration aims to integrate NaaS' digital operation expertise with CCTEB's construction capabilities, focusing on projects related to PV-charging-storage integration and energy ports. Financial terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:11 am