Streetbeat News

Corporate Responsibility

STLA

Stellantis has reported that the disruptions in the Red Sea have had almost no impact on its manufacturing operations to date. The company is utilizing limited airfreight solutions to mitigate any potential disruptions.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 4:14 pm

BAC

During a conference call, the CEO of Bank of America reported that consumer deposit balances are currently 30% higher than they were before the pandemic.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 4:09 pm

BA

DAL

Delta Air Lines President reported a spillover benefit from the grounding of Boeing Max 9 planes in Seattle. During a conference call, it was also mentioned that there are no plans to reduce staffing levels.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 4:05 pm

MPB

Mid Penn Bancorp, Inc. has appointed Justin Webb as its new Chief Financial Officer (CFO), effective January 8. This executive change may influence the company's strategic financial planning and operations.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 3:39 pm

WFC

Wells Fargo's CFO announced during a conference call that the bank anticipates $700 million in merit increases. This statement suggests that Wells Fargo is investing in its workforce, which could be a sign of confidence in its financial stability and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 3:31 pm

CVS

TGT

WBA

CVS Health Corp is closing some of its pharmacies within Target stores due to shifts in market dynamics, consumer behavior, and health needs. The closures will start in February and end by April. Prescriptions will be transferred to nearby CVS locations. This is part of a broader industry trend of cost-cutting by U.S. pharmacy chains. CVS acquired Target's pharmacies in 2015 and recently introduced CVS 'CostVantage' for transparent drug cost reimbursement. Blue Shield of California will stop using CVS Caremark for drug benefits administration, except for specialty drugs. CVS shares fell 3.45% to $76.21.

Portfolio Pulse from Vandana Singh

January 12, 2024 | 3:27 pm

GEF

Greif, Inc. has entered into a pilot-project partnership with IonKraft to address recyclability and sustainability issues in plastic jerrycan packaging. The partnership focuses on developing a barrier solution to enhance the environmental friendliness of these containers.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 3:02 pm

ZCAR

Zoomcar Holdings has appointed Adarsh Menon as President of the company and President of Zoomcar India Private Limited, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 3:00 pm

INPX

Inpixon shares have seen an increase in trading activity following the company's announcement regarding updates on pending strategic transactions.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 2:24 pm

C

During a conference call, the CFO of Citigroup Inc. (C) stated that the investment banking pipeline appears healthy, indicating a positive outlook for the bank's future investment banking activities.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 2:11 pm