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Security

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Delta Air Lines has discovered unauthorized components in less than 1% of its over 2,100 jet engines. Other airlines, including American Airlines, United Airlines, and Southwest Airlines, have also reported finding fake parts associated with AOG Technics Ltd. This London-based firm is under investigation over the spare parts it provided for a jet engine model produced by CFM International, a collaboration between General Electric and Safran SA. Delta confirmed that none of its aircraft are currently flying with unapproved parts.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 1:32 pm

KD

PANW

Kyndryl has announced an alliance with Palo Alto Networks to provide network and cybersecurity services. This partnership aims to enhance the cybersecurity posture of their clients by leveraging Palo Alto's advanced security solutions.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 1:11 pm

AGBA

AGBA Group Holding Limited has reported irregular trading activities in its ordinary shares to the Securities and Exchange Commission and Nasdaq. The irregularities, which began on April 28, 2023, saw trading volumes exceed 100% of the company's freely tradeable shares. AGBA's controlling shareholder, TAG Holdings Limited, holds 82.3% of the company's outstanding shares and has not sold any since the company's Nasdaq listing in November 2022.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:09 pm

SPY

VGK

The Kremlin has responded to a New York Times report suggesting that Russia may be preparing to test an experimental nuclear-powered cruise missile, stating that they don't know where the journalists got this information.

Portfolio Pulse from Charles Gross

October 03, 2023 | 11:48 am

MU

A bipartisan group of US senators, including Senate Majority Leader Chuck Schumer and Senator Mike Crapo, plan to visit China and discuss Micron Technology Corp.'s business issues in the country. Micron faces an ongoing probe by the Chinese government's cybersecurity administration.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 7:56 pm

SPY

VGK

The Pentagon has warned Congress that it is running low on funds to replace weapons sent to Ukraine, and has already had to slow down resupplying some troops. The Pentagon Comptroller, Michael McCord, stated that there is $1.6 billion left of the $25.9 billion provided by Congress to replenish U.S. military stocks sent to Ukraine. The U.S. also has about $5.4 billion left to provide weapons and equipment from its stockpiles. McCord warned that without additional funding, the U.S. will have to delay or curtail air defense weapons, ammunition, drones, and other equipment.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:29 pm

CLX

Clorox Co (NYSE:CLX) is recovering from a cyberattack that had crippled its operations. The company's shares spiked after it announced that all manufacturing sites were operational again. Analyst Linda Bolton Weiser from DA Davidson upgraded the rating for Clorox from Neutral to Buy, while keeping the price target unchanged at $152. The earnings estimate for fiscal 2024 and 2025 have been reduced due to the cyberattack's impact.

Portfolio Pulse from Priya Nigam

October 02, 2023 | 2:47 pm

V

Visa (NYSE:V) has announced a strategic partnership with Expel, a security operations provider, to enhance its Value-Added Services offering in the Managed Detection and Response (MDR) segment. The partnership aims to help Visa's clients anticipate and protect against cyber threats. Expel's MDR capabilities will prioritize detections based on clients' key assets, reduce alert-to-response time, and stop threats from spreading. Initially, Visa will offer Expel's solution to its clients in the United States and Canada, with plans for a global rollout.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:03 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) mistakenly sent out email confirmations for gift card purchases to customers due to a system error. The emails, which confirmed purchases of Google Play, Mastercard, and Hotels.com gift cards, caused confusion and concern among customers, prompting a flurry of inquiries to Amazon's customer service. Amazon has clarified that the incident was a system error and is reaching out to affected customers to inform them of the error and apologize for any inconvenience caused.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 11:42 am

WKEY

Cybersecurity company WISeKey has signed a Strategic Partnership Agreement with WISeSAT, FOSSA Systems, and BA Lab to deliver a track & trace solution for the logistics industry. The partnership aims to revolutionize the way smart containers are monitored, ensuring trust and security throughout the supply chain.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 7:17 am