Streetbeat News

Corporate Responsibility

ELAN

Elanco's Board has begun the process to amend its corporate governing documents. The Board plans to seek shareholder approval at the 2024 Annual Meeting for amendments to the Articles of Incorporation. These amendments will start a process to declassify the Board of Directors, allow shareholders to amend the Bylaws, and permit shareholders to call special meetings under certain circumstances.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:35 am

RPD

Rapid7, a cybersecurity company, has announced the opening of a new office and security operations center in Prague. This expansion is part of the company's global growth strategy.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:02 am

VWAGY

Volkswagen AG has hired former Tesla, Rivian, and Google executive, Sanjay Lal, to address software issues in its electric vehicle (EV) sector. The company's Cariad software unit has been underperforming, causing delays in the launch of Porsche and Audi electric models. Lal will head a new software design hub for future EVs under the Cariad division. The move is seen as crucial for Volkswagen's ability to compete with industry leaders like Tesla and Rivian.

Portfolio Pulse from Benzinga Neuro

October 04, 2023 | 9:57 am

KKR

Private equity firm KKR has expanded its operations in India by opening a new office in Gurugram. This move is part of KKR's strategy to tap into the growing Indian market.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:23 am

ANF

A new documentary accuses former Abercrombie & Fitch CEO, Mike Jeffries, and his partner, Matthew Smith, of exploiting young men for sex at events they hosted between 2009 and 2015. The allegations, which have not been responded to by Jeffries and Smith, have led to calls for an investigation into potential sex trafficking charges. Abercrombie & Fitch expressed shock and disgust at the alleged misconduct.

Portfolio Pulse from Benzinga Neuro

October 04, 2023 | 3:40 am

CSV

Carriage Services has confirmed that it is continuing to review its strategic options. The company has stated that it will not provide further comments unless there is an actionable matter that requires an announcement.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 9:31 pm

IGMS

IGM Biosciences has announced the retirement of its Chairman, Michael Loberg, effective from October 3. The company has not yet announced a successor.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:37 pm

INTC

MBLY

Intel Corp (NASDAQ:INTC) plans to operate its Programmable Solutions Group as a standalone business, aiming to accelerate growth and enhance competitiveness. The operations are expected to commence in 2024 and will be reported as a separate business. Sandra Rivera will become the CEO of the new entity. Intel's CEO, Pat Gelsinger, stated that this move is aimed at unlocking more value for stakeholders and allowing Intel to focus on its core business. Last year, Intel successfully spun off its Mobileye Global Inc (NASDAQ:MBLY) business, which has seen its shares rise by over 13% year-to-date.

Portfolio Pulse from Adam Eckert

October 03, 2023 | 8:33 pm

INTC

Intel Corporation (INTC) has announced plans to operate its Programmable Solutions Group as a standalone business. This has led to a rise in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:33 pm

INTC

Intel has announced its intention to operate its Programmable Solutions Group as a standalone business under the leadership of Sandra Rivera. This move is expected to provide more focus and flexibility for the group.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 8:06 pm