Streetbeat News

Corporate Responsibility

INGR

Ingredion has announced plans to reorganize its business operations to focus more on its production assets and commercial efforts. The company aims to streamline its operations and improve efficiency.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:31 am

META

Meta Platforms Inc. has announced that it will prohibit political advertisers from using its generative AI advertising tools in an effort to curb the spread of election misinformation. The decision could impact the company's advertising revenue.

Portfolio Pulse from Charles Gross

November 07, 2023 | 12:19 am

WMC

Western Asset Mortgage Capital has announced its intention to adjourn the special meeting of stockholders until December 5, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:18 pm

STEP

StepStone Group Inc. (NASDAQ:STEP) has announced the appointment of David Y. Park as Chief Financial Officer (CFO), effective from January 1, 2024. Park will succeed Johnny Randel, who is retiring at the end of 2023. Park, currently the Chief Accounting Officer, joined StepStone in 2019 and has played a key role in guiding the company through its initial public offering in September 2020.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:37 pm

MCB

Metropolitan Bank Holding Corp. (MCB) has promoted Daniel F. Dougherty to Executive Vice President and Chief Financial Officer, effective from November 6, 2023. Dougherty, who joined the bank in July 2022 as First Vice President and Treasurer, will replace Greg Sigrist following his resignation on October 31, 2023. In his new role, Dougherty will oversee treasury, investor relations, tax, capital planning, accounting, and financial reporting.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:33 pm

MSFT

Microsoft CEO Satya Nadella is currently presenting at OpenAI DevDay. More details about the presentation are yet to be revealed.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 6:16 pm

ABBV

AbbVie has implemented an integration plan to reduce costs and integrate the combined company following the closing of the Allergan deal. The company has incurred charges of $2.5 billion through September 30, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 6:10 pm

DIS

HCA

MSFT

PEP

Walt Disney Company has appointed Hugh F. Johnston, currently Vice Chairman and CFO of PepsiCo, as its new Senior Executive Vice President and CFO, effective from December 4. Johnston will lead Disney's worldwide finance organization and report directly to CEO Robert A. Iger. He also serves on the board of Microsoft Corp and HCA Healthcare Inc. Disney's shares are trading lower by 0.42% at $84.71.

Portfolio Pulse from Shivani Kumaresan

November 06, 2023 | 5:28 pm

NEXI

Neximmune Inc's shares are trading lower due to the company's Board of Directors approving a plan to dissolve the company, pending stockholder approval. The company is also considering ways to maximize its business and asset value. A substantial reduction in the company's workforce has been authorized, with the cost of the reduction yet to be determined. The reduction is expected to be largely finalized by November 2023.

Portfolio Pulse from Henry Khederian

November 06, 2023 | 3:22 pm

JBL

Jabil Inc. (NYSE:JBL) has acquired Retronix, a company specializing in the reclamation and refurbishment of electronic components. The acquisition is part of Jabil's commitment to sustainability and promoting the circular economy. The integration of Retronix's technologies with Jabil's existing services is expected to reduce waste and create new value in the handling of electronic components.

Portfolio Pulse from Akanksha Bakshi

November 06, 2023 | 3:13 pm