Streetbeat News

Corporate Responsibility

LOGI

Logitech has appointed Hanneke Faber as its new Chief Executive Officer, effective from December 1, 2023. Initially, she will be based in Logitech's headquarters in Switzerland before relocating to Silicon Valley next year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:11 pm

BlackBerry Ltd (BB) shares surged following reports of a CEO transition. Current CEO John Chen has reportedly resigned and is set to exit the company on Friday. The company is expected to announce a replacement or interim solution soon. Chen joined BlackBerry in 2013 and led the company's shift from consumer hardware to enterprise software. BlackBerry shares were up 7.43% at $3.66 at the time of publication.

Portfolio Pulse from Adam Eckert

October 30, 2023 | 7:58 pm

BlackBerry's shares are trading higher after a report from Globe And Mail suggested that CEO John Chen may leave the company.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 7:45 pm

RKT

Rocket Mortgage, a part of Rocket Companies (NYSE:RKT), announced advancements to its Pathfinder tool, an AI and machine learning-powered search engine used by mortgage bankers, brokers, and underwriters. The tool is used by over 40,000 housing professionals to simplify mortgage processing complexities.

Portfolio Pulse from Charles Gross

October 30, 2023 | 5:12 pm

GME

GameStop Corporation (NYSE:GME) shares hit a new 52-week low of $12.59 on Monday, trading below its 50-day moving average of $16.38. The stock has dropped more than 20% over the last month. On Sept. 28, GameStop announced that its board of directors had elected Ryan Cohen as president and CEO, who will not receive compensation for his role. GameStop's stock is known for starting the 'meme stock' craze and 20.11% of available GME shares are being sold short.

Portfolio Pulse from Erica Kollmann

October 30, 2023 | 4:47 pm

CSIQ

Canadian Solar Inc (NASDAQ:CSIQ) plans to establish a 5 GW Solar photovoltaic cell production facility in Jeffersonville, Indiana, with an investment of over $800 million. The company expects to create around 1,200 high-tech jobs by 2025. The facility is expected to produce 5 GW annually, which will be used at the previously announced 5 GW module assembly plant in Mesquite, Texas. Last week, CSIQ's subsidiary CSI Solar Co., Ltd won a supply and integration contract for 1 GWh DC of energy storage solutions for DEPCOM Power, Inc. and Tucson Electric Power (TEP) in Arizona.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 4:37 pm

NYT

The New York Times (NYT) has expressed its belief in the benefits of flexible work arrangements, allowing employees to work both in the office and remotely. The company stated that the National Labor Relations Board has not ruled against this approach. NYT is also working with the TechGuild to reach a contract quickly.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 3:00 pm

SLB

Schlumberger (NYSE:SLB) has been selected by Eni S.p.A. (NYSE:E) to develop plans for measuring and reporting fugitive methane emissions at global facilities. The project aligns with the United Nations' Oil & Gas Methane Partnership 2.0 (OGMP 2.0) reporting standards. Schlumberger will use its End-to-end Emissions Solutions business (SEES) to deliver precise measurement and reporting plans for Eni.

Portfolio Pulse from Akanksha Bakshi

October 30, 2023 | 3:00 pm

ALV

AMZN

DIS

GOOG

HSBC

LUV

MCD

PEAK

RIVN

TRP

WDC

XPO

Southwest Airlines may face a fine due to operational disruptions last December. Healthpeak Properties and Physicians Realty Trust are merging in a $21B deal. Google can turn ANC headphones and wireless earbuds into heart rate monitors. Toyota's September sales grew due to strong demand. Rivian will start charging for its charging network. Autoliv plans to reduce its headcount in France. FDA warns against the use of certain eye drops. Nelson Peltz gains backing from Isaac Perlmutter for changes at Disney. TC Energy explores asset sales worth $10B. Amazon uses generative AI for holiday ad boost. Blackstone buys a majority stake in Care Hospitals in India. McDonald's Q3 sales grew by 14% YoY. HSBC's Q3 revenues increased by 40% YoY. Panasonic's H1 FY24 sales grew by 1% YoY. Western Digital plans to split its business. XPO's Q3 FY23 revenue grew by 1.7% YoY.

Portfolio Pulse from Vandana Singh

October 30, 2023 | 2:07 pm

DNB

FDX

FedEx Corp. (FDX) released its annual economic impact report, revealing that the company contributed more than $80 billion in direct impact to the global economy in FY 2023. The report, produced in consultation with Dun & Bradstreet (DNB), also highlighted FedEx's role in fueling innovation and shaping global supply chains. FedEx celebrated 50 years of operations in 2023, and the report underscored the company's significant contributions to the economy and its dedication to making a positive difference in the communities where it operates.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 2:03 pm