Streetbeat News

Corporate Responsibility

MDLZ

Mondelez International, Inc. (MDLZ) has announced that it will continue to have two directors on JDEP's board of directors and has retained certain additional governance rights.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:14 pm

AAPL

Dan Defossey, a former Apple Inc. executive, has found success in the restaurant industry in Mexico City. After leaving his role as the head of marketing in education for Latin America at Apple, Defossey co-founded a Texas-style BBQ restaurant, Pinche Gringo, in Mexico City. Despite initial challenges, the business has grown into Grupo Chilangogringo, a group of seven establishments with revenues exceeding $9 million in 2022.

Portfolio Pulse from Bibhu Pattnaik

October 10, 2023 | 7:28 pm

BA

EWZ

Boeing (NYSE:BA) has announced the opening of its Engineering and Technology Center in Brazil, expanding its strategic investments in the country. The company also signed a Memorandum of Understanding with the state of São Paulo for aerospace technological development and extended its sustainability partnership with the State University of Campinas (Unicamp). Boeing also plans to launch an internship program in Brazil in 2024.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 6:06 pm

WMT

Walmart Inc. (NYSE:WMT) is expanding its virtual primary care services, allowing employees and their families to develop long-term relationships with doctors across the country. The company launched a pilot in three states in 2020 and expanded it to 21 states in 2023 after seeing success. The service has led to a decrease in medical costs by about 10%. Included Health will provide the expanded online access from Oct. 14. The move is expected to be a 'big test' of how much treatment can shift to the internet.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 5:29 pm

TEVA

Teva Pharmaceutical Industries has reportedly stated that the ongoing Israel-Hamas conflict will not significantly affect its business and financial performance. As a result, the company's shares are trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:55 pm

NFLX

Netflix co-CEO Greg Peters has replaced ad sales chief Jeremi Gorman with Amy Reinhard, a longtime Netflix executive, in an effort to accelerate the company's ad business growth. As of June, Netflix's ad sales and ad-supported subscriber numbers were roughly half of what was initially projected for 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:47 pm

FXI

LVMHF

LVMH's CFO has expressed satisfaction with the level of business the company is doing with Chinese clients. This statement was made during a recent interview with Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:31 pm

ADBE

Adobe (NASDAQ:ADBE) has unveiled a series of AI innovations at Adobe MAX 2023, the world's largest creativity conference. The company introduced three new models in its Firefly family of creative generative AI models, over 100 new features across Adobe Creative Cloud applications, and Adobe GenStudio, a solution to accelerate enterprise content supply chains. Adobe also announced the general availability of Photoshop on the web and new AI-powered editing capabilities in Lightroom.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:03 pm

WLY

John Wiley & Sons Inc Class A (NYSE:WLY) shares are trading lower by 10.6% following the announcement of CEO Brian Napack's departure and the appointment of Matthew Kissner as Interim CEO. This change is part of a value creation plan introduced in June, focusing on strengthening core businesses, divesting non-core assets, and streamlining operations. Fiscal 2024 is considered a transition year, with benefits expected in fiscal years 2025 and 2026.

Portfolio Pulse from Henry Khederian

October 10, 2023 | 2:59 pm

JW.A

John Wiley & Sons announced a CEO transition, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 2:59 pm