Streetbeat News

Corporate Responsibility

AAPL

F

Ford Motor Company has hired former Apple executive Peter Stern to lead its newly-formed Ford Integrated Services unit. Stern will be responsible for building the business tied to Ford's BlueCruise hands-free driving system and overseeing new physical services, marketing services, and Ford Next. The move is part of Ford's transformational strategy to create customer services and experiences enabled by hardware and software.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2023 | 4:48 pm

GS

Goldman Sachs CEO David Solomon's leadership style has led to both successes and internal dissent. Despite achieving the highest profits in Goldman's history in 2021, his aggressive expansion into consumer banking and his public persona have attracted criticism. Over 200 partners have exited the firm since Solomon's tenure began. Meanwhile, John Rogers, known as the 'CEO Whisperer' at Goldman Sachs, is stepping down after nearly 30 years, passing his role as chief of staff to Russell Horwitz, a former Goldman executive.

Portfolio Pulse from Michael Cohen

August 14, 2023 | 4:12 pm

HE

Hawaiian Electric Industries, Inc. (NYSE:HE) shares dropped by 39.7% amid wildfires in Hawaii. The company is under scrutiny for not implementing a power shutdown, a proven safety measure, to reduce fire risks. The company's 52-week high is $44.00 and its 52-week low is $18.70.

Portfolio Pulse from Henry Khederian

August 14, 2023 | 2:54 pm

F

Ford's CEO announced that the company's first software-enabled vehicle will be released in conjunction with their second-generation electric vehicles (EVs). A Ford executive also stated that safety and security services present a significant opportunity to enhance customer experience.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 2:31 pm

F

Ford's President and CEO, Jim Farley, and former Apple Services Executive, Peter Stern, are hosting a media Q&A about Stern's hiring to lead the newly formed Ford Integrated Services.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 2:28 pm

INTU

PYPL

Alex Chriss, currently at Intuit, has been appointed as the new CEO and President of PayPal, effective from September 27. Outgoing CEO Dan Schulman will remain a director until May 2024.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:29 pm

AMZN

NFLX

US companies, including Netflix and Amazon, are offering AI jobs with salaries up to $900K, according to a New York Post report. This indicates a high demand for AI professionals in these companies.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:26 pm

F

Ford has hired Peter Stern, former Apple Vice President of Services, to lead the newly formed Ford Integrated Services. Stern will report to Ford President and CEO Jim Farley and will focus on integrating hardware, software, and services across Ford Blue, Model e, and Ford Pro. The move is part of Ford's strategy to transform the company by building sustained customer relationships and capturing new, high-margin services, subscription, and digital revenue.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:21 pm

SLNA

Selina Hospitality PLC (NASDAQ:SLNA) has announced its expansion to the Mediterranean with a new location in Evia, Greece. The new location, Selina Kaminos Evia, is a wellness retreat offering a unique blend of a laid-back atmosphere, locally-inspired design, and innovative wellness programs. The hotel aims to support the local economy and community by providing job opportunities and promoting sustainability.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:07 pm

AMOT

Allied Motion Technologies Inc. (NASDAQ:AMOT) has announced a corporate name change to Allient Inc., effective from August 23, 2023. The company's shares will start trading under the new ticker ALNT on the Nasdaq from the same date. The name change reflects the company's evolution from a products-based business to a solutions-oriented company in Motion, Controls and Power technology.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:07 pm