Streetbeat News

Corporate Responsibility

MRDB

MariaDB has announced a plan that is expected to result in restructuring charges of approximately $3.1 million, primarily due to employee severance and notice period payments.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:09 pm

WBA

Walgreens' Interim CEO announced that the company is reducing areas for contracted or project work, altering store operating hours based on local market trends, closing unprofitable stores, and using AI to more accurately forecast demand.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:43 pm

LAES

WKEY

WISeKey International Holding Ltd.'s subsidiary SEALSQ Corp. has achieved ISO 14001 certification, a global standard for setting out criteria for an Environmental Management System. The certification indicates that SEALSQ has a framework for measuring and improving its environmental impact and climate risks, and has implemented a structured path to mitigate them. The company is committed to achieving a number of environmental objectives including reduction of e-waste, elimination of plastic in packaging and implementation of proactive energy efficiency measures.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:38 pm

OLPX

Olaplex Holdings, Inc. (NASDAQ:OLPX) announced a leadership transition with Amanda Baldwin set to become the new CEO by early 2024, succeeding JuE Wong. John P. 'JP' Bilbrey, the company's Executive Chair, will serve as interim CEO during the transition. The company reiterated its guidance for fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:19 pm

AAPL

JWN

NVDA

PANW

TSLA

WDC

WMT

A survey by Blind, an anonymous social media platform for employees, revealed the most and least popular CEOs in the US. Nvidia Corp.'s CEO Jensen Huang topped the list with a 96% approval rating, while Apple's Tim Cook was fourth with an 83% approval rating. Tesla's Elon Musk was 40th with a 38% approval rating. Other popular CEOs include Walmart's Doug McMillon, Palo Alto Networks' Nikesh Arora, and Databricks's Ali Ghodsi. Western Digital's David Goeckeler and Nordstrom's Erik Nordstrom have a 0% approval rating.

Portfolio Pulse from Rounak Jain

October 12, 2023 | 12:07 pm

DOX

Amdocs Limited (NASDAQ:DOX) has issued a statement regarding the recent events in Israel, stating that they do not expect these events to materially adversely affect their business. The company's revenue from customers in Israel comprises less than 0.5% of total revenue, and the majority of their employees are located outside of Israel.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:04 pm

VERO

Venus Concept has promoted Dr. Hemanth Varghese to the newly created role of President and Chief Operating Officer, effective October 16. Dr. Varghese joined Venus Concept in October of 2022 as President and Chief Business Officer.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:38 am

HRL

Hormel Foods is set to outline its updated strategic priorities at the 2023 Investor Day. These priorities are aligned with its segments and enterprise objectives.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:36 am

TCNNF

Trulieve Cannabis Corp (OTC:TCNNF) has donated an additional $500,000 to Florida's ballot initiative to legalize recreational marijuana, bringing its total contributions to $39.55 million. The company's financial support underscores its dominant position in backing the initiative. The proposed amendment would allow individuals aged 21 and above to possess, purchase, or use marijuana products for non-medical personal consumption. The measure is set for deliberation in a hearing scheduled for November 8th.

Portfolio Pulse from Patricio Liddle

October 11, 2023 | 9:25 pm

MSFT

Microsoft has announced that it does not expect a final resolution of certain unspecified issues within the next 12 months.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 8:22 pm