Streetbeat News

Corporate Responsibility

RIVN

Rivian has agreed to build an electric vehicle (EV) manufacturing plant in Georgia, creating 7,000 new jobs for full-time employees and making a minimum capital investment of $5 billion in the project.

Portfolio Pulse from Bill Haddad

September 29, 2023 | 8:16 pm

AWIN

Aerwins Technologies is considering strategic alternatives for its non-core operations, including the possible sale or other disposition of assets.

Portfolio Pulse from Bill Haddad

September 29, 2023 | 8:11 pm

BP

Dave Lawler, a top executive at BP in the US, is set to leave the company, according to a Financial Times report. The departure of a key executive could potentially impact the company's operations and strategy in the US.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 7:46 pm

WBA

Walgreens Boots Alliance is reportedly considering former Cigna executive Tim Wentworth for the CEO role, which has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 6:12 pm

F

GM

STLA

A Ford executive has warned that between 300,000 to 500,000 supplier workers could be laid off due to the ongoing UAW strikes. This could potentially disrupt the supply chain and impact the operations of other automakers as well.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 5:29 pm

F

GM

STLA

Ford's CFO has announced that the company is making significant progress on pay and benefits, stating that they are close to a resolution. No specific details were provided.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 5:21 pm

F

GM

STLA

Ford's CEO has assured that none of the company's current employees will lose their jobs due to the new battery plants. This comes as the company is making significant investments in electric vehicle technology.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 5:16 pm

F

GM

STLA

Ford has stated that it will not mortgage its future and that the United Auto Workers (UAW) union is seeking billions beyond Ford's current offer. The company also mentioned that UAW's demands would have a 'devastating impact'. Ford is open to a fair deal with UAW on battery plants.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 5:13 pm

UTZ

Utz Brands Inc (NYSE:UTZ) has announced several network optimization initiatives to drive long-term volume growth and reduce costs. The company plans to simplify its plant network and streamline its operating structure by consolidating facilities. It has divested its manufacturing plant in Bluffton, Indiana, and will cease operations at its lowest-volume manufacturing plant in Hanover, Pennsylvania, in Q1 FY24. UTZ also plans to sell its Louisiana and Alabama plants. The company expects these changes to boost net sales averages in its remaining plants and reduce fixed overhead costs.

Portfolio Pulse from Lekha Gupta

September 29, 2023 | 4:16 pm

AMZN

CI

CVS

WBA

WMT

Walgreens Boots Alliance Inc. is reportedly considering appointing Tim Wentworth, a former executive at Cigna Group, as its next CEO. This comes after the abrupt departure of Rosalind Brewer. Walgreens is facing competition from Amazon.com and Walmart Inc, and is lagging behind its main competitor, CVS Health Corp. Walgreens expects FY23 adjusted EPS to be at or near the low end of its previously stated range. WBA shares are up 6.70% at $22.31 on the last check Friday.

Portfolio Pulse from Vandana Singh

September 29, 2023 | 3:51 pm