Streetbeat News

Corporate Responsibility

OLLI

Ollie's Bargain Outlet has announced several executive promotions, including the transition of John Swygert to Executive Chairman in early 2025. Eric van der Valk has been promoted to President and will become CEO in early 2025.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 11:30 am

GEO

The GEO Group, Inc. has announced the appointment of Mark J. Suchinski as Senior Vice President and Chief Financial Officer, effective July 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:55 am

NVDA

TSLA

Morgan Stanley analyst Adam Jonas warns Tesla shareholders that AI investments could slow if Elon Musk does not achieve a 25% voting stake. The upcoming shareholder vote on Musk's 2018 compensation package is crucial for this. Proxy advisory firms have advised against the package, citing it as excessive.

Portfolio Pulse from Anan Ashraf

June 05, 2024 | 10:47 am

CC

The Chemours Company has announced the appointment of Shane Hostetter as the new Chief Financial Officer (CFO), effective July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:32 am

SPR

Spirit AeroSystems announced that Mark Suchinski is stepping down as Senior Vice President and Chief Financial Officer (CFO). Irene Esteves has been appointed as the new CFO effective immediately.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:31 am

DE

Deere & Company announced a plan to reduce production and its salaried workforce to align with strategic priorities. The activities related to salaried employees are expected to occur in the third quarter of fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:12 am

META

A former Meta Platforms Inc. engineer, Ferras Hamad, has filed a lawsuit against the company, alleging wrongful termination and bias in handling Gaza-related content. Hamad claims he was fired for addressing bugs that suppressed Palestinian posts on Instagram and for filing an internal discrimination complaint. The lawsuit highlights ongoing criticisms of Meta's content moderation policies during the Israel-Hamas conflict.

Portfolio Pulse from Ananya Gairola

June 05, 2024 | 7:44 am

AUPH

Aurinia Pharmaceuticals issued a letter to shareholders addressing concerns about shareholder Lucien Selce's credibility. The company recommends shareholders review a report from proxy advisor Glass Lewis, which supports the re-election of all nine incumbent directors.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:35 pm

NYCB

New York Community Bancorp (NYCB) has announced that President and CEO Joseph Otting will assume the additional role of Executive Chairman effective June 5, 2024. Alessandro P. DiNello will step down as Non-Executive Chairman but will remain a Board director and senior advisor to the CEO.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:07 pm

TRP

TC Energy shareholders have approved the spinoff of the company's liquids pipelines business. Shareholders will receive one new common share of TC Energy and 0.2 of a common share in a new public company named South Bow Corporation for each common share of TC Energy held.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:04 pm