Streetbeat News

Corporate Responsibility

JPM

Jamie Dimon, CEO of JPMorgan, privately supports Vice President Kamala Harris and dislikes Donald Trump, but refrains from public endorsement due to potential backlash.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 3:29 pm

VWAGY

Volkswagen's chief marketing officer for China, Jochen Sengpiehl, was deported from China after testing positive for cannabis. This incident highlights the strict cannabis laws in China and could impact Volkswagen's market strategy in the region. Volkswagen faces competition from local manufacturers like BYD, which has overtaken it as China's best-selling car brand.

Portfolio Pulse from Nina Zdinjak

October 22, 2024 | 2:35 pm

WOLF

Jana Partners suggests that Wolfspeed could unlock value by separating its devices unit. This strategic move could potentially enhance shareholder value and improve operational focus.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:25 pm

MMM

3M's CEO announced that a significant portion of the company's investment will be directed towards its Safety & Industrial and Transportation & Electronics businesses. This strategic focus was discussed during a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:59 pm

PFE

Starboard CEO Jeff Smith has called for significant changes at Pfizer, emphasizing the need for improved capital allocation. He suggests that in cases of underperformance like Pfizer's, a CEO change is not uncommon.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:53 pm

NWS

NWSA

Starboard CEO Jeff Smith announced that there is an ongoing solicitation to potentially separate the two-class share structure at News Corp. This move could impact the company's governance and shareholder dynamics.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:44 pm

BUD

Anheuser-Busch is investing an additional $8 million in its St. Louis brewery, continuing its $2 billion investment in U.S. facilities over the past 5 years to create jobs and drive economic growth.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:20 pm

UAVS

AgEagle Aerial Systems' CEO outlined strategic actions for long-term value, including a $6.5M capital raise, a 50:1 reverse stock split, and record orders for the French Army and UAE. The company is focusing on military, public safety, and agricultural/commercial markets.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:18 pm

QUAD

Quad/Graphics, Inc. has agreed to sell the majority of its European operations to Capmont GmbH for approximately $45 million. The sale includes print and ink-manufacturing facilities in Poland and other European locations, but excludes shared services employees in Poland. The transaction is expected to close by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:11 pm

GM

General Motors (GM) plans a series of shareholder and joint venture board meetings in Q4 to discuss restructuring actions aimed at making the business sustainable and profitable.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 12:43 pm