Streetbeat News

Corporate Responsibility

ALG

Alamo Group shares are rising following the announcement of cost-saving measures, such as plant consolidations and workforce reductions.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 6:54 pm

TM

Bob Young, Toyota Motor North America's head of purchasing, will step down early next year. Young was instrumental in helping Toyota surpass General Motors in U.S. sales in 2021.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 6:51 pm

CVX

Chevron has announced a $3 billion cost-cutting plan that may involve job cuts in the US. This move is part of the company's efforts to streamline operations and improve financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 6:23 pm

DIS

Disney has established a new unit called the Office of Technology Enablement to oversee AI and mixed reality applications across its film, TV, and theme park divisions. This initiative is led by Jamie Voris and aims to align emerging technology projects with Disney's overall strategy.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 5:47 pm

CVX

Chevron's CEO Mike Wirth discussed the company's advantaged inventory, with 75% of locations breaking even at or below $50. The Pasadena refinery will shut down this quarter, and capital spending in the Permian Basin is expected to peak this year. The Hess deal requires arbitration to end, and cost-cutting benefits are expected by 2027.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:42 pm

MANU

Manchester United plc (NYSE:MANU) has announced the appointment of Rúben Amorim as the new Head Coach, effective November 11, 2023, pending work visa approval. Ruud Van Nistelrooy will continue as interim coach until Amorim joins.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:13 pm

BA

Elon Musk praised Boeing's new CEO, Kelly Ortberg, for his engineering background and factory involvement, contrasting him with former CEO Dave Calhoun. Boeing has faced challenges, including technical issues and strikes, leading to financial losses. The company launched a stock offering to raise funds.

Portfolio Pulse from Anan Ashraf

November 01, 2024 | 12:05 pm

KO

Coca-Cola Company has announced a restructuring of its reporting lines for Costa Coffee and Innocent businesses, which will now report to the Europe Operating Unit. These changes are set to take effect on January 1, 2025.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 10:58 am

NGVC

Natural Grocers by Vitamin Cottage has appointed Richard Hallé as the new Chief Financial Officer, effective January 1, 2025. This leadership change could influence the company's financial strategies and operations.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:09 am

BAM

Brookfield has announced a realignment of its corporate structure, aiming to unlock value in its asset management division. This move is expected to broaden its shareholder base and increase its reach in various indices.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:02 am