Streetbeat News

Corporate Responsibility

SFT

Shift Technologies has announced the closure of its Portland-based vehicle storage and sales facility. The company is also streamlining its corporate organization, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:06 pm

VTRU

Vitru's board has approved a corporate restructuring proposal, under which Vitru would merge into its wholly-owned subsidiary Vitru Brazil. The proposed transaction is expected to close in Q4 2023 or Q1 2024. Vitru Brazil would become the new holding company for the Vitru group. Vitru shares are expected to be delisted from the Nasdaq Global Select Market.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:52 pm

UNP

Union Pacific has completed necessary repairs on the Calexico Subdivision in Southern California. However, temporary speed restrictions remain in place for safety reasons.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:31 pm

AIG

Lucy Fato will transition from her current role as Executive Vice President, General Counsel & Global Head of Communications and Government Affairs to Vice Chair at AIG, effective October 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:17 pm

CEI

Camber Energy has appointed John Mcvicar as the new Chief Financial Officer, replacing Frank W. Barker, Jr. who announced his retirement on September 1, 2023, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:15 pm

PAYX

Paychex, Inc. has announced the appointment of Robert Schrader as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:06 pm

TSLA

Tesla Inc's CEO, Elon Musk, praised the Burning Man festival despite severe weather conditions that turned the desert into a swampland. Musk did not attend this year's festival, but his brother Kimbal and Google co-founder Sergey Brin were spotted in attendance.

Portfolio Pulse from Adam Eckert

September 05, 2023 | 7:57 pm

AMCX

NFLX

SONY

Aaron Paul, star of the series 'Breaking Bad', revealed that he received no compensation from Netflix for the show's streaming success. The series, originally from Sony Group Corp and aired on AMC, a unit of AMC Networks Inc, was acquired by Netflix after its third season. This revelation comes amid an ongoing double strike in Hollywood, with writers and actors demanding fair wages from streaming services and media companies. Netflix ended Q2 with 238.39 million global paid subscribers.

Portfolio Pulse from Chris Katje

September 05, 2023 | 5:20 pm

TSLA

Elon Musk, CEO of Tesla (NASDAQ:TSLA), praised the Nevada Burning Man event despite chaos caused by extreme weather and a mass exodus of attendees. Musk's comments were made on his platform X and were met with criticism for his lack of empathy for those affected by the event's conditions. The event also saw the death of an attendee, Leon Reece, though it is believed to be unrelated to the weather conditions.

Portfolio Pulse from Lara Goldstein

September 05, 2023 | 4:26 pm

STLA

Stellantis NV (NYSE:STLA) has partnered with Saudi Arabia's Aramco to achieve lower-carbon energy solutions for vehicles. The companies found that 24 engine families in European vehicles produced since 2014 are compatible with advanced drop-in eFuel without any powertrain modification. Stellantis aims to become a carbon net zero corporation by 2038 and estimates that using low-carbon eFuels in up to 28 million of its European vehicles can reduce up to 400 million tons of CO2 in Europe in 2025-2050.

Portfolio Pulse from Lekha Gupta

September 05, 2023 | 4:12 pm