Streetbeat News

Corporate Responsibility

WBA

Walgreens CEO announced that additional store closures will be considered if the company's performance does not improve. This statement was made during a conference call.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:57 pm

WBA

Walgreens executive has stated that the current pharmacy model is unsustainable and that new market approaches are required to address ongoing challenges.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:49 pm

IDGT

NOK

QTUM

Nokia (NYSE:NOK) is selling its Alcatel Submarine Networks (ASN) business to the French State for EUR350 million. Nokia will retain a 20% stake and board representation. The sale is expected to close by late 2024 or early 2025. This move will streamline Nokia's Network Infrastructure Business Group and is expected to reduce net sales by EUR 1 billion but increase operating profit margin by 100-150 basis points. The sale does not impact Nokia's financial outlook for 2024.

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 12:22 pm

TRML

Tourmaline Bio has appointed Ryan Robinson as the new Chief Financial Officer, effective June 25.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:06 pm

IPA

ImmunoPrecise Antibodies has appointed Kristin Taylor as the Chief Financial Officer, transitioning her from the interim CFO role to a permanent position effective immediately.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:05 pm

IP

International Paper shares are trading higher after Suzano announced it will not pursue a transaction involving the company.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:57 am

IP

SUZ

Suzano shares are trading higher after the company announced it will not pursue a transaction involving International Paper.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:56 am

FTRE

Fortrea has launched its Artificial Intelligence Innovation Studio to develop and deploy AI and machine learning technologies for the clinical research process.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:09 am

BP

EIPX

HJEN

BP p.l.c. (NYSE:BP) is reportedly shifting its focus from renewable energy projects to oil and gas, implementing a hiring freeze and halting new offshore wind projects. This strategic shift, led by CEO Murray Auchincloss, aims to prioritize investments in oil and gas assets, particularly in the Gulf of Mexico and U.S. onshore shale basins. The move has affected BP's stock performance, with renewable energy returns declining and oil and gas profits soaring.

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 9:52 am

TSLA

Bay Area Air Quality Management District officials have ordered Tesla to address air quality violations at its Fremont factory. The violations involve emissions of harmful organic compounds and toxic air contaminants.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 9:45 am