Streetbeat News

Corporate Responsibility

OFIX

Orthofix Medical has officially announced that Julie Andrews has assumed the position of Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:07 pm

KLTR

Kaltura has appointed John Doherty as its new Chief Financial Officer, effective March 1, 2024. He will succeed Yaron Garmazi, who will assist in the transition until the end of the second quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:07 pm

ALLK

Allakos has announced that it will discontinue the development of Lirentelimab and instead concentrate on the clinical development of AK006 and other preclinical programs. This strategic shift indicates a change in the company's focus towards other potential treatments in its pipeline.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:03 pm

GOOG

GOOGL

YouTube has clarified that recent user-reported slowdowns and buffering issues are not due to its ad-blocker detection efforts, but rather due to a recent update of third-party ad-blocker extensions, specifically AdBlock and AdBlock Plus. The issue is separate from YouTube's anti-adblocker measures implemented in August 2023. YouTube encourages users to subscribe to YouTube Premium to avoid ads, with prices starting at $13.99 per month.

Portfolio Pulse from Rounak Jain

January 16, 2024 | 11:16 am

ENLT

Clēnera, a subsidiary of Enlight Renewable Energy (ENLT), announced that CEO and co-founder Jason Ellsworth will step down in June 2024. Adam Pishl, co-founder and current COO, will take over as CEO.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:13 am

MGAM

Mobile Global Esports announced the immediate resignation of CFO Kiki Benson on January 11, 2024. The board has appointed Mark J. Keeley as the new CFO on a consultancy basis.

Portfolio Pulse from Charles Gross

January 16, 2024 | 11:12 am

GE

GE Vernova's Power Conversion business in the UK has been awarded a contract by Team Resolute to provide hybrid propulsion technology for three Fleet Solid Support (FSS) ships for the UK Ministry of Defence. The collaboration with Navantia UK, the prime contractor for the FSS program, highlights GE Vernova's capabilities in naval propulsion and the UK's focus on efficient and sustainable naval operations. The delivery of the propulsion equipment is expected to begin in 2025.

Portfolio Pulse from Charles Gross

January 16, 2024 | 11:07 am

GM

General Motors Co (NYSE:GM) is reportedly halting its Ultra Cruise program to refocus on its existing Super Cruise driver assistance system. Ultra Cruise, which was set to launch in 2023, was a comprehensive system using camera, radar, and LiDAR sensors. The decision comes as GM faces challenges in autonomous driving technology, with its Cruise division suspending U.S. operations after an incident and announcing cost-cutting measures. GM's third-quarter EBIT-adjusted loss for Cruise was $732 million, up 47% from the previous year.

Portfolio Pulse from Anan Ashraf

January 16, 2024 | 10:40 am

SPI

SPI Energy Co., Ltd. announced that its subsidiary, Solar4America Technology Inc., will showcase its latest American-made solar modules and announce the production of American solar cells at the Intersolar North America/Energy Storage North America event in San Diego. This development highlights SPI Energy's commitment to renewable energy and solar storage solutions for various customer segments.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:51 am

GS

IBKR

MS

PNC

SURG

U.S. stock futures are trading lower, with investor focus on upcoming earnings reports. Goldman Sachs (GS) is expected to report earnings of $3.41 per share on $10.80 billion revenue. SurgePays (SURG) appointed Jeremy Gies as President. Morgan Stanley (MS) is anticipated to report earnings of $1.09 per share on $12.75 billion revenue. Interactive Brokers Group (IBKR) is projected to post earnings of $1.54 per share on $1.15 billion revenue. PNC Financial Services (PNC) is expected to report earnings of $2.94 per share on $5.29 billion revenue.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 8:07 am