Streetbeat News

Corporate Responsibility

OLB

The OLB Group, Inc. (NASDAQ:OLB) issued an open letter to shareholders from Chairman and CEO Ronny Yakov, reviewing a challenging 2023 and outlining anticipated milestones for 2024.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:12 pm

ACN

BK

Bank of New York Mellon (NYSE:BK) is rebranding to BNY, focusing on growth areas like real-time payments and AI. The bank has reported strong financial results and a 17% stock rise in 2024. A collaboration with Accenture aims to modernize financial services.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 12:05 pm

LUXH

LuxUrban Hotels Inc. (NASDAQ:LUXH) has appointed Robert Arigo as its new CEO, effective June 10, 2024. Arigo, who joined the company in March 2024 as COO, brings over 35 years of experience in the hotel and hospitality industry.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:05 pm

LL

LL Flooring has sent a letter to shareholders highlighting a conflict of interest and personal agenda by Thomas Sullivan in a proxy contest. The company emphasizes that its director nominees are highly qualified and engaged, urging shareholders to vote for them using the universal WHITE proxy card.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:02 pm

TAK

Takeda has expanded its partnership with Partners In Health to address social determinants of health and improve access to care in Massachusetts. The initiative aims to dismantle systemic barriers to equity and strengthen the health workforce in the state. The existing global partnership has already provided screening and diagnostic services to over 8 million people in community settings.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:02 pm

NHNCF

SFTBY

Data breaches at Line Yahoo, co-owned by SoftBank Corp and Naver, have strained Japan-South Korea relations. Tokyo officials suggest Naver reduce its stake in A Holdings, potentially allowing SoftBank to gain control. The issue has escalated to high-level diplomatic discussions.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 11:01 am

FTXL

INTC

SHOC

Intel Corp (NASDAQ:INTC) has paused its $25 billion chip plant construction in Israel, citing the need for flexibility in large-scale projects due to changing business conditions and market dynamics. Despite the pause, Intel remains committed to its operations in Israel, where it employs nearly 12,000 people. The Israeli government had previously agreed to provide Intel with a $3.2 billion incentive for the project. Intel's stock has lost over 6% in the last 12 months, but closed higher by 0.55% at $30.91 on Monday. Investors can access Intel stock via First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) and Strive U.S. Semiconductor ETF (NYSE:SHOC).

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 10:08 am

UBS

UBS Group AG and Credit Suisse Group's Swiss units are set to merge by July 1, 2024, according to UBS Switzerland President Sabine Keller-Busse. The merger is progressing smoothly, with customer transfers to UBS's IT systems expected in 2025. The integration will result in 3,000 layoffs in Switzerland. UBS also announced a $2 billion share buyback program in April to enhance investor returns amid the acquisition.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 7:35 am

TSLA

Former Tesla executive Rohan Patel stated that adopting a traditional dealership model would have been an existential threat to Tesla and the EV industry in the U.S. Tesla's direct sales model is crucial for its survival and success.

Portfolio Pulse from Anan Ashraf

June 11, 2024 | 6:13 am

SINGY

Singapore Airlines (OTC:SINGY) has offered up to $25,000 in compensation to passengers after a fatal turbulence incident. The airline is addressing the aftermath by providing immediate financial assistance, covering medical expenses, and revising safety policies.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 5:57 am