Streetbeat News

Partnerships

UPST

REGIONAL Federal Credit Union has partnered with Upstart (NASDAQ:UPST), an AI lending marketplace, to expand personal loan access in Northwest Indiana. REGIONAL joined the Upstart Referral Network in July 2022, allowing qualified applicants on Upstart.com to receive offers that align with REGIONAL's credit policies. This partnership aims to reach non-members and provide a modern, digital-first lending experience.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:13 pm

MFC

Manulife Investment Management has agreed to acquire CQS, a multi-sector alternative credit manager with approximately $13.5 billion in assets under management. The acquisition will enhance the global investment solutions for clients of both firms and allow Manulife to scale its distribution footprint. CQS will continue to be led by its current CEO and Senior Partners, and the CQS brand will be co-branded with Manulife. The transaction is expected to close in early 2024, subject to regulatory approvals, with financial terms not disclosed. Lord Hintze's Directional Opportunities Fund is not included in the deal.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:10 pm

LEV

Synop has announced a partnership with The Lion Electric Company (NYSE:LEV) to integrate its energy management solutions with Lion's LionBeat telematics offering. The collaboration will allow Lion's electric bus and truck customers to manage their EV fleets more efficiently, with features like vehicle-to-grid technology that enables selling energy back to the grid. This partnership is expected to enhance Lion's Ecosystem portfolio and further the adoption of commercial EVs.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:08 pm

APEI

American Public University System (APUS) has announced a new partnership with LifeRamp, a career coaching service. This collaboration aims to provide APUS students with access to transformational career coaching, enhancing their career readiness and potential job prospects.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:04 pm

PBPB

Potbelly Corporation has entered into a 22-shop agreement in the Seattle-Tacoma region, which includes the transfer of ownership for 9 existing restaurants and the development of 13 new units in King, Pierce, and Thurston counties. This expansion is part of Potbelly's franchising strategy to grow its presence in the region.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:04 pm

AMD

AMD (NASDAQ:AMD) has announced an event titled 'Advancing AI' to launch its next-generation AMD Instinct MI300 data center GPU accelerator family. The event, scheduled for December 6, 2023, will feature AMD Chair and CEO Dr. Lisa Su, along with other executives, partners, and customers discussing AMD's impact on AI and high-performance computing. The event will be available in-person and via live stream.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:04 pm

SYT

SYLA Technologies has agreed to acquire 2,158,800 shares from four shareholders of RIBERESUTE, aiming to become its largest shareholder by mid-January 2024. Alongside the share acquisition, SYLA has entered into a Basic Agreement on Business Alliance with RIBERESUTE to negotiate a business alliance involving property transactions, marketing, and new product development. The agreement also restricts RIBERESUTE from entering into capital alliances or facilitating share purchases with third parties without SYLA's consent until March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:02 pm

RMNI

Pacific Textiles has chosen Rimini Street, Inc. (NASDAQ: RMNI) for support of its SAP S/4HANA system, leading to significant IT budget savings and improved system uptime. Rimini Street provides comprehensive enterprise software support and is a partner to Oracle, SAP, Salesforce, and AWS. Pacific Textiles, a major textile manufacturer, required extensive customizations for its SAP software, which is critical for their operations. Dissatisfaction with SAP's post-implementation support led them to switch to Rimini Street, which offers faster and more comprehensive service, allowing Pacific Textiles to allocate resources towards growth and a new data lake architecture.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:01 pm

CNDT

Conduent Transportation, a unit of Conduent Incorporated (NASDAQ:CNDT), in partnership with Visa and Caisse d'Epargne CEPAC, has implemented a contactless payment system for Marseille's public transport. This system, which supports contactless cards and NFC-enabled digital wallets, is part of a modernization effort to enhance passenger experience. Conduent's fare collection systems are used globally, with recent expansions in Verona, Italy, and Victoria, Australia.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:59 pm

BCCMY

BYDDF

XIACF

Xiaomi Corp. is entering the EV market with its first car, the Xiaomi SU7, set to begin mass production in December 2023. The EV will be produced by BAIC, feature two powertrain options, and use battery packs from BYD and CATL. The SU7 will have a top speed of 165MPH and include facial recognition and an active rear wing. Xiaomi's HyperOS will power the in-car system, and the series will include SU7, SU7 Pro, and SU7 Max, with deliveries starting in February 2024.

Portfolio Pulse from Rounak Jain

November 15, 2023 | 1:48 pm