Streetbeat News

Corporate Responsibility

CVX

OXY

XOM

BP Plc is reportedly considering breaking the gender ceiling in the energy sector by potentially appointing a female CEO. This comes after the departure of its previous CEO, Bernard Looney, due to undisclosed workplace relationships. BP is more gender-balanced than most of its industry counterparts, with women making up 39% of employees and 30% of senior leaders. The company aims to have women fill at least half of its roughly 400 leadership roles by 2030.

Portfolio Pulse from Nabaparna Bhattacharya

September 16, 2023 | 7:58 pm

COP

CVX

SHEL

XOM

California has initiated legal action against several major oil companies, including Exxon Mobil Corporation, Shell PLC, BP P.L.C., ConocoPhillips, Chevron Corporation, and the American Petroleum Institute. The state alleges that these companies concealed the dangers of fossil fuels for decades, resulting in immense climate change-related damages. The lawsuit seeks the creation of a special fund to pay for recovery from the escalating harm caused by climate change.

Portfolio Pulse from Nabaparna Bhattacharya

September 16, 2023 | 4:35 pm

DIS

Disney's Chief Information Officer (CIO) has left the company, according to The Wall Street Journal. The departure of the CIO could potentially impact the company's IT strategy and operations.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 8:14 pm

SPY

STLA

U.S. President Biden has urged companies to improve their offers to workers and hopes for a win-win agreement. He is sending U.S. officials Gene Sperling and Julie Su to Detroit to facilitate this.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 4:18 pm

PLNT

Planet Fitness has announced the appointment of Craig R. Benson as the interim CEO, succeeding Chris Rondeau. This news has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 2:51 pm

ARM

BBBYQ

CRM

DIS

LMT

NOC

NVS

RTX

STLA

TMUS

YUMC

Instacart is considering revising its IPO target price upwards following Arm Holdings Plc's IPO debut. Goldman Sachs is offering affluent clients a chance to acquire a share of ownership in a private sports team. RTX Corp terminated a multi-billion-dollar agreement with Scopa Defense due to concerns about international sanctions. Byron Allen has made a $10 billion offer to acquire a significant chunk of Walt Disney Co's media empire. Salesforce Inc is hiring approximately 3,300 new employees. The United Auto Workers union has started a simultaneous strike against the Detroit three automakers. Novartis AG's shareholders approved the proposed 100% Spin-off of Sandoz. T-Mobile US Inc is exploring a significant foray into the fiber-optic network arena. China is set to impose sanctions against Lockheed Martin Corp and Northrop Grumman Corp. Former employees of Bed Bath & Beyond Inc filed a lawsuit against the committee responsible for overseeing its 401(k) retirement plan. Citigroup Inc is reportedly considering job cuts. Yum China Holdings Inc is investing heavily in technology.

Portfolio Pulse from Vandana Singh

September 15, 2023 | 1:55 pm

DFS

Discover Financial Services is reportedly considering the sale of its student loan division, according to Bloomberg. The move is part of a broader strategy to focus on its core credit card and online banking businesses.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 1:42 pm

AAPL

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc., is facing criticism for its lack of a screen replacement policy for its Pixel Watch. This contrasts with Google's repairability stance for its Pixel phones and Pixel Tablet. The issue has sparked debates on electronic waste and Google's inconsistent repairability policy. The lack of a screen replacement option for the Pixel Watch is noteworthy, especially considering the customer-friendly repair options Apple Inc. offers.

Portfolio Pulse from Benzinga Neuro

September 15, 2023 | 1:21 pm

YUMC

Yum China Holdings Inc (NYSE:YUMC) is increasing its investments in technology to expand its number of stores without needing additional employees. The company plans to invest $3.5 billion to $5 billion over the next three years to grow its store network, enhance the supply chain, and improve digital capabilities. Yum China is also constructing additional logistics centers to incorporate advanced technology into their supply chain operations and lower carbon emissions. The company's shares are trading higher by 1.85% at $57.12 premarket on Friday.

Portfolio Pulse from Akanksha Bakshi

September 15, 2023 | 1:16 pm

ACB

CNTMF

JAZZ

SMG

VFF

Several cannabis companies have announced changes in their leadership, including board appointments and executive promotions. These include ZYUS Life Sciences, Unrivaled Brands, CannaPharmaRx, Shiny Health & Wellness, Cansortium, Aurora Cannabis, CanadaBis Capital, Nova Farms, Heritage Cannabis Holdings, Jazz Pharmaceuticals, Kaival Brands Innovations, The Scotts Miracle-Gro Company, Pure Sunfarms, Nextleaf Solutions, Charlotte's Web Holdings, and High Times. The changes come as the U.S. Department of Health and Human Services recommends rescheduling cannabis from a Schedule I to a Schedule III substance.

Portfolio Pulse from Jelena Martinovic

September 15, 2023 | 1:02 pm