Streetbeat News

Corporate Responsibility

AMZN

FDIS

RTH

Amazon has committed $1.4 billion to its Housing Equity Fund to create 14,000 affordable housing units in Seattle, Nashville, and Washington metro areas, raising its total housing pledge to $3.6 billion. This initiative aims to help families earning 30% to 80% of the area's median income. Additionally, Amazon plans to invest billions in Taiwan for data centers and launch an AWS infrastructure region by 2025. Amazon's stock has gained 48% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 12:17 pm

LUCD

Lucid Diagnostics reported that 4,000 firefighters have undergone EsoGuard esophageal precancer testing. The event was organized by Mass General Brigham physicians and Boston Firefighters Local 718 IAFF.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:11 pm

BOXL

Boxlight Corporation has appointed Dale Strang as its new CEO. This leadership change is expected to bring new strategic direction to the company.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:03 pm

AAL

LUV

UAL

Southwest Airlines (NYSE:LUV) is under pressure from Elliott Investment Management, which recently acquired a $1.9 billion stake, to reconsider its 'bags fly free' policy. Elliott is pushing for strategic changes, including the introduction of baggage fees, which could impact Southwest's customer loyalty. The airline's CEO, Bob Jordan, reaffirmed the commitment to the free bag policy, but potential compromises may be on the horizon.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 11:54 am

KELYA

KELYB

Kelly Services has divested its Ayers Group to Keystone Partners, aiming to refocus on its global Recruitment Process Outsourcing (RPO) and Managed Service Provider (MSP) solutions.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:42 am

BNED

Barnes & Noble Education has appointed Jonathan Shar as the new CEO, succeeding Michael P. Huseby, who resigned effective June 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:35 am

RGNX

REGENXBIO announced that Curran Simpson, Chief Operating Officer, has been appointed as President, Chief Executive Officer, and a member of the Board of Directors, effective July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:08 am

BITF

RIOT

Riot Platforms has commented on Bitfarms' adoption of a poison pill strategy, stating that the 15% trigger is in direct conflict with established legal and governance standards.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:05 am

SSNC

SS&C Technologies Holdings, Inc. (SSNC) has expanded its global footprint by opening a new office in Gujarat International Finance Tec-City (GIFT City), India. This new office will complement SS&C's extensive fund administration business in India, where it services over $19 billion in assets and employs 7,500 staff across 12 offices.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:02 am

FIGS

FIGS has appointed Sarah Oughtred as the new Chief Financial Officer, effective August 9, 2024. She will join the company on July 29, 2024, and will oversee finance, FP&A, accounting, and data analytics.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 10:52 am