Streetbeat News

Corporate Responsibility

APYX

Apyx Medical has announced that CFO Tara Sembi is leaving the company to pursue other opportunities, as disclosed in their 8-K filing.

Portfolio Pulse from Charles Gross

November 16, 2023 | 10:33 pm

CHPT

ChargePoint announced the departure of CFO Rex Jackson, effective immediately. Mansi Khetani, Senior VP of Financial Planning and Analysis, has been appointed as interim CFO. The company will begin searching for a permanent replacement.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:21 pm

CLX

Clorox has announced that CEO Linda Rendle will take on the additional role of Chair of the Board of Directors starting January 1, 2024. The current board chair, Matthew Shattock, will transition to the role of lead independent director at that time.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:18 pm

HBI

HanesBrands has entered into a cooperation agreement with Barington Capital and has appointed three new independent directors to its Board: Colin Browne, Natasha Chand, and John Mehas, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:16 pm

OGS

ONE Gas, Inc. has announced the election of Christopher Sighinolfi as Senior Vice President and Chief Financial Officer (CFO), effective January 1. He will succeed Caron Lawhorn, who is stepping down from the role.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:16 pm

FLNC

Fluence Energy has announced that Ahmed Pasha will take over as Senior Vice President and CFO, succeeding Manavendra Sial, effective January 1, 2024. This executive transition is part of the company's leadership changes.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:12 pm

SGAMY

Sega of America, a subsidiary of Sega Sammy Holdings Inc (OTC:SGAMY), is accused of threatening mass layoffs as retaliation against employees' unionization efforts. The Communications Workers of America filed an unfair labor practice complaint, alleging Sega informed unionized staff about job offshoring, affecting 40% of the group. The Allied Employees Guild Improving Sega (AEGIS-CWA) was bypassed in the process, breaching standard negotiation procedures. Despite the complaint to the National Labor Relations Board, layoffs may still proceed amidst industry-wide cost-cutting measures.

Portfolio Pulse from Franca Quarneti

November 16, 2023 | 8:18 pm

AAPL

QCOM

Apple Inc.'s project to develop its own modem to replace components from Qualcomm Inc. has faced delays, pushing the timeline back to 2026. This setback means Apple will continue to rely on Qualcomm's technology for its iPhones for a longer period than initially expected. The delay could affect Apple's plans to control more of its supply chain and potentially impact its negotiating power and cost structure for components.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 7:57 pm

RBLX

Roblox Corp's Investor Day has sparked optimism among analysts, with several reiterating or upgrading their ratings and price targets based on the company's projected bookings growth, margin expansion, and advertising business potential. Piper Sandler raised the price target from $50 to $52, while other analysts from firms like Oppenheimer, Needham, Benchmark, Morgan Stanley, Citi, and Raymond James provided positive outlooks and price targets ranging from $30 to $52. Despite the positive analyst sentiment, RBLX shares traded lower by 4.48% at $37.98.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 6:48 pm

SPY

SEC Chair Gary Gensler has announced that the SEC is seeking to enhance standards and promote board independence. The measures aim to consider the views of relevant stakeholders and reduce potential conflicts of interest concerning board and senior management decisions.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:22 pm