Latest news for Rainforest Res (OTC:RRIF) Stock

Rainforest Resources Inc is a development stage natural resource company. The main purpose is to produce certified carbon credits for certain companies in the countries that need to in order to avoid sanctions as stipulated by the Kyoto Protocol. It provides the production, transportation, and delivery of the water that form the property. Its properties are found in the tropical rainforest of Ecuador. The company intends to maintain and improve land so that all species and wildlife live as one with the forestry. In addition, the company's rainforest properties produce oxygen and carbon dioxide sequestration and endemic plants that can be used in medicine.

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RAINFOREST RESOURCES INC by Rainforest Resources Inc.

Rainforest Resources Inc

As previously disclosed, on May 7, 2024, Alaska and Hawaiian certified substantial compliance with a request for additional information and documentary material (the &ldquo;Second Request&rdquo;) received from the Antitrust Division of the Department of Justice (the &ldquo;DOJ&rdquo;) on February 7, 2024 in connection with the DOJ&rsquo;s review of the Merger, which triggered the start of a Review Period (as defined below) under a timing agreement Alaska and Hawaiian entered into with the DOJ on March 27, 2024.
Pursuant to the timing agreement, Alaska and Hawaiian agreed, among other things, not to consummate the Merger before 90 days following the date on which both parties certified substantial compliance with the Second Request (the &ldquo;Review Period&rdquo;) unless they received written notice from the DOJ prior to the end of the Review Period that the DOJ has closed its investigation of the Merger. The Review Period was previously scheduled to expire on August 5, 2024.

On July 29, 2024, Alaska And Hawaiian Agreed With DoJ To Extend Review Period Until 12:01 A. M. Eastern Time On August 15, 2024 - Filing

Needham analyst Mike Matson reiterates Hologic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>) with a Buy and maintains $90 price target.

Price Target

Reiteration

Analyst Ratings

HOLX

Needham Reiterates Buy on Hologic, Maintains $90 Price Target

Tech

INFY

Infosys Partners With Danish Digital Infrastructure Provider, TDC Net To Boost Digital Transformation

&quot;As we execute on our strategy to return to profitability, we remain focused on delivering on our near-term financial goals. In the second half, we expect sequential year-over-year unit revenue momentum to bolster the top-line, supported by our&nbsp;$300 million&nbsp;of revenue initiatives and the continuing normalization of competitive capacity in our core geographies,&quot; said Marty St. George.
&quot;We&#39;ve faced a number of unit cost headwinds this year, including approximately one point of pressure from the change in recognition of Pratt &amp; Whitney compensation and one point from lower capacity than planned, yet we are maintaining our full year CASM-ex Fuel(1)&nbsp;guidance&nbsp;and now expect it be in the range of&nbsp;6.5%&nbsp;-&nbsp;8.5%&nbsp;for the full year,&quot; said Ursula Hurley.&nbsp;

Guidance

JBLU

JetBlue Expects Q3 Revenue To Decline (5.5%) - (1.5%) Y/Y; Now Sees FY24 Revenue To Decline (6.0%) - (4.0%) Vs Prior Forecast Of Down Low Single Digits

Nomura Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMR#NYSE">NMR</a>) reported quarterly earnings of $0.14 per share. This is a 180 percent increase over earnings of $0.05 per share from the same period last year. The company reported $2.92 billion in sales this quarter. This is a 14.67 percent increase over sales of $2.54 billion the same period last year.

Earnings

Nomura Holdings Q1 EPS $0.14 Up From $0.05 YoY, Sales $2.92B Up From $2.54B YoY

SK Capital Partners Acquires North America Composites & Fuel Containment Division With $350M In Annual Sales From Parker Hannifin

Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has reportedly been issuing a warning to millions of Windows 11 users about the significance of data backup.
What Happened: Microsoft has been displaying a full-screen pop-up message to its users, highlighting the need&nbsp;to back up their files&nbsp;using its cloud storage service, OneDrive, reported&nbsp;<a href="https://www.forbes.com/sites/zakdoffman/2024/07/29/microsoft-windows-11-new-update-warning-hits-millions-of-desktops/">Forbes</a>, citing Windows Latest.
The full-screen popup promotes Windows 11&#8217;s feature to &#8220;backup your desktop, documents and pictures folder in the cloud so you have peace of mind knowing they're protected, even if something happens to this PC.&#8221;
However, the free storage limit on OneDrive is capped at 5GB. Depending on the amount of data included in the backup, which may vary between users, some might need to pay for additional storage.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/39997764/elon-musk-bernard-arnault-once-discussed-potential-spacex-louis-vuitton-collab-im-afraid-he-will-ask?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk, Bernard Arnault Once Discussed Potential SpaceX-Louis Vuitton Collab: &#8216;I&#8217;m Afraid He Will Ask Me To Go With Him In The Rocket&#8217;</a>
This move is seen as Microsoft capitalizing on its dominant position in the desktop OS market to push its other products and services. This new OneDrive campaign follows a series of similar initiatives for its browser, Edge, the report noted.
While data backup is indeed essential, users are advised to carefully evaluate which service to use. Despite OneDrive&#8217;s seamless integration with Windows, changing and transferring files can be a complex process once committed.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This warning comes in the <a href="https://www.benzinga.com/news/24/07/39875506/crowdstrikes-faulty-microsoft-windows-update-gets-slammed-by-us-cybersecurity-official-was-a-huge-de">wake of a&nbsp;faulty update</a>&nbsp;from CrowdStrike earlier this month that led to a global IT outage. 
It was criticized by a leading U.S. cybersecurity official who said that while the outage &#8220;wasn&#8217;t malicious, it was a serious mistake.&#8221;
Microsoft&#8217;s inability to secure Windows like Apple Inc. secures MacOS due to a prior agreement with the European Commission has also been a point of contention. 
Following the CrowdStrike incident, Microsoft&nbsp;stated&nbsp;that it is legally <a href="https://www.benzinga.com/news/24/07/39877477/microsoft-blames-european-commission-agreement-as-reason-it-cant-secure-windows-like-apple-secures-m">unable to adopt the same security</a> measures as Apple due to this agreement.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40027527/mark-zuckerberg-gets-triggered-by-closed-ai-models-at-siggraph-2024-drops-f-bomb-while-talking-with?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Gets Triggered By Closed AI Models At SIGGRAPH 2024, Drops F-Bomb While Talking With Nvidia CEO Jensen Huang: &#8216;There Goes Our Broadcast Opportunity&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Media

MSFT

Microsoft's Windows Reportedly Warns Users To Backup Their Data In The Cloud To Have 'Peace Of Mind' — But At What Price?

B of A Securities analyst Jason Kupferberg upgrades Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) from Neutral to Buy and maintains the price target from $36 to $36.

Upgrades

AFRM

B of A Securities Upgrades Affirm Holdings to Buy, Maintains Price Target to $36

Needham analyst Mike Cikos reiterates Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) with a Buy and maintains $38 price target.

CFLT

Needham Reiterates Buy on Confluent, Maintains $38 Price Target

Philip Morris Signs An MoU With South Korean Tobacco Products Maker, KT&G On U.S. Regulatory Submissions For The Latter's Products

The SavvyWire guidewire is the world&#39;s first and only sensor-guided 3-in-1 solution for Transcatheter Aortic Valve Implantation

Health Care

Haemonetics Announced CE Mark Certification And The First Commercial European Procedures For SavvyWire Pre-Shaped Pressure Guidewire

JetBlue Says Announcing Incremental Aircraft Deferral Of ~$3B Of Planned Capital Expenditures

Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.58 by 5.17 percent. The company reported quarterly sales of $755.000 million which beat the analyst consensus estimate of $715.710 million by 5.49 percent. This is a 19.09 percent increase over sales of $634.000 million the same period last year.

Earnings Beats

ARCC

Ares Capital Q2 2024 Adj. EPS $0.61 Beats $0.58 Estimate, Sales $755.000M Beat $715.710M Estimate

Needham analyst Alex Henderson maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Buy and lowers the price target from $425 to $375.

CRWD

Needham Maintains Buy on CrowdStrike Holdings, Lowers Price Target to $375

JetBlue Says Poised To Generate $800M - $900M Of Incremental EBIT From 2025 Through 2027 And Expects The Benefit To Be Realized Evenly Over Those Three Years

CRVL

CorVel Q1 2025 EPS $1.25 Up From $1.14 YoY, Sales $211.72M Up From $190.25M YoY

Nautilus Biotechnology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAUT#NASDAQ">NAUT</a>) reported quarterly losses of $(0.14) per share which beat the analyst consensus estimate of $(0.16) by 12.5 percent. This is a 7.69 percent decrease over losses of $(0.13) per share from the same period last year.

NAUT

Nautilus Biotechnology Q2 EPS $(0.14) Beats $(0.16) Estimate

Stanley Black & Decker Says Global Cost Reduction Program Remains On-Track For Expected Pre-tax Run-Rate Savings Of $1.5B By End Of 2024 And $2B By End Of 2025

Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) today announced that it is moving forward with a key expansion project along the Houston Ship Channel in response to continued strong customer demand for natural gas liquids export capacity. At the Enterprise Hydrocarbons Terminal (&quot;EHT&quot;), the company is adding refrigeration capacity that will increase propane and butane export capabilities by approximately 300,000 barrels per day (&quot;BPD&quot;). In addition to providing incremental capacity for liquefied petroleum gas (&quot;LPG&quot;), the expansion will increase instantaneous loading rates for propane and butane, while making additional capacity available for propylene exports. The expanded service is expected to begin by the end of 2026.
The need for increased LPG capacity at EHT is being driven by the success Enterprise has had in contracting the company&#39;s flexible product capacity at its Neches River Terminal (&quot;NRT&quot;) being developed in Orange County, Texas, adjacent to the company&#39;s Beaumont East refined products terminal. Phase 1 of the NRT buildout includes the addition of a new loading dock, an ethane refrigeration train with a nameplate capacity of 120,000 BPD, and a 900,000-barrel refrigerated tank that will accommodate loading rates up to 45,000 barrels per hour. Phase 1 is expected to begin service in the second half of 2025.
Phase 2 includes a second refrigeration train that will allow Enterprise to load up to 180,000 BPD of ethane, 360,000 BPD of propane, or a combination of the two. The second phase is expected to begin service in the first half of 2026.
Growth capital associated with the EHT and NRT projects fits within the company&#39;s existing forecasted growth capital expenditure ranges for 2024-2026.

Enterprise Products Partners Boosts Propane and Butane Exports with Houston Terminal Expansion

Management is updating its&nbsp;guidance&nbsp;ranges and expects 2024 GAAP EPS to be in the range of&nbsp;$0.90&nbsp;to&nbsp;$2.00&nbsp;(From&nbsp;$1.60&nbsp;to&nbsp;$2.85) primarily due to the&nbsp;second quarter&nbsp;environmental reserve adjustments.&nbsp;
&quot;As we look to the back half of 2024, we expect mixed demand trends across our markets. With that in mind, we remain focused on implementing supply chain improvements designed to reshape our cost structure and expand margins, delivering earnings growth and generating strong cash flow.&quot;

Stanley Black & Decker Revises FY24 Adjusted EPS Forecast From $3.50 - $4.50 To $3.70 - $4.50 (Est $3.98)

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Latest news for Rainforest Res (OTC:RRIF) Stock

Thursday, December 05, 2019