Streetbeat News

Corporate Responsibility

JBLU

JetBlue has announced that its President & COO, Joanna Geraghty, will succeed Robin Hayes as CEO on February 12, 2024. This planned leadership transition is part of the company's long-term strategy.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 10:01 pm

ENVB

Enveric Biosciences announced a reduction in force (RIF) that will lead to the termination of seven positions, which is 50% of its workforce, as per a recent filing. The company anticipates incurring about $40,000 in costs related to severance and transition support, which will be recognized in Q1 2024. The RIF is expected to be substantially completed by February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:46 pm

U

Unity Software has announced plans to cut approximately 1,800 jobs, which is about 25% of its workforce. This significant reduction is part of a restructuring effort to streamline operations and reduce costs.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:34 pm

MXL

MaxLinear announced a workforce reduction that will lead to an estimated $30M-$40M in restructuring costs in 2024. This move is likely part of a cost-cutting strategy to improve financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:31 pm

BLK

BlackRock Inc (NYSE:BLK) is planning to cut its workforce by 3%, affecting around 600 employees. The layoffs are part of the company's adjustments in response to market changes and its maturation phase. BlackRock is also revising its ESG investment strategies, moving away from the term 'ESG' in the U.S. due to political controversies, while still managing substantial sustainable investments internationally. CEO Larry Fink has indicated a shift in approach, with U.S. portfolio managers no longer required to consider ESG metrics in non-ESG funds.

Portfolio Pulse from Michael Cohen

January 08, 2024 | 9:27 pm

LGVC

LGVCU

LGVCW

LAMF Global Ventures Corp. I has announced a third extension for the deadline to complete its initial business combination, moving it from January 16, 2024, to February 16, 2024. The board of directors approved this extension, which is one of up to six one-month extensions allowed by the company's amended and restated memorandum and articles of association.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:21 pm

PETS

PetMeds Express, Inc. has announced Leslie C. G. Campbell as the new Chairman of the Board, effective January 5, 2024. She will replace Dr. Gian Fulgoni, who will remain on the Board and continue to chair the Corporate Governance and Nominating Committee. Campbell has been a board member since 2018 and has held various committee roles.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:13 pm

ACN

Accenture has announced the establishment of Generative AI Studios in nine countries across Asia Pacific and Latin America. This move is in response to the increasing interest from clients in generative AI technology.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:00 pm

SPY

Tracy Kasper, the president of the National Association of Realtors (NAR), announced her resignation following a blackmail threat over a past personal matter. This comes after her predecessor, Kenny Parcell, resigned amid sexual harassment allegations, and NAR CEO Bob Goldberg resigned following a federal jury's ruling against NAR for artificially inflating brokers' commissions, resulting in a $1.78 billion penalty.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 8:38 pm

BA

Boeing is set to hold an employee town hall on Tuesday, as reported by CNBC. The town hall could address various topics of interest to employees and investors, such as company performance, future plans, and current challenges. Investors will be watching closely for any announcements or insights that could impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 8:24 pm