Streetbeat News

Corporate Responsibility

ACN

Accenture has announced the appointment of Angie Park as the new Chief Financial Officer, succeeding KC McClure who will retire in December 2024.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:35 pm

WFRD

Weatherford International has increased its credit facility by $40 million to a total of $720 million, adding a new lender. The facility now includes $327 million for performance letters of credit and $393 million for revolving loans. Additionally, the accordion feature has been amended to allow expansion up to $1 billion.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:33 pm

KOPN

Kopin Corporation (NASDAQ: KOPN) announced significant changes in its board of directors. Michael Murray, the CEO and President, has been elected as the Chairperson of the Board. Dr. Jill Avery has been appointed as the Lead Independent Director, and Margaret Seif has joined as a new board member. Dr. John C.C. Fan and Mr. James Brewington have retired from the board.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:03 pm

PARA

PARAA

Shari Redstone's National Amusements Inc. (NAI) is likely to pursue a sale of the company and is unlikely to merge Paramount Global with another company. Discussions with Skydance have been stopped.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:44 pm

WEWKQ

WeWork CEO David Tolley steps down as the company emerges from Chapter 11 bankruptcy. WeWork has significantly reduced its lease obligations, debt, and operational costs, and raised $400 million in new equity capital. The company plans to name a new CEO and board of directors.

Portfolio Pulse from Michael Juliano

June 11, 2024 | 7:13 pm

SPY

President Biden delivered remarks at Everytown's Gun Sense University, focusing on gun control measures and public safety. The speech emphasized the administration's commitment to reducing gun violence through legislative and executive actions.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:39 pm

FDIS

TSLA

XLY

Nordic brokerages Avanza and Nordnet are allowing their clients to vote at Tesla's AGM for the first time, reflecting increased investor interest and comments from CEO Elon Musk. This move comes as Tesla seeks support for Musk's $56 billion compensation package, which has faced opposition from proxy advisory firms. Tesla stock has declined over 27% in the past year.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 6:00 pm

FMC

FMC shares are trading higher following the appointment of Pierre Brondeau as the new CEO.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:33 pm

JNJ

Johnson & Johnson has reached a $700 million settlement with most U.S. states over allegations of deceptive marketing of talc-containing products, according to the Massachusetts Attorney General.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:11 pm

CCI

DTCR

SRVR

Crown Castle Inc. (NYSE:CCI) has announced plans to streamline its Fiber segment, including reducing capital expenditures, cutting jobs, and revising its guidance for FY24. The company aims to improve operational performance and expects significant cost savings and revenue growth in the coming years. Investors can also gain exposure through ETFs like Pacer Data & Infrastructure Real Estate ETF (NYSE:SRVR) and Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR).

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 5:05 pm