Streetbeat News

Corporate Responsibility

DIS

Visual effects (VFX) crews at Marvel Studios have voted to unionize, marking the first time VFX professionals have banded together in such a manner. The move comes amid a wider wave of union activity in the entertainment industry and follows recent criticism of Marvel's VFX for demanding post-production schedules and poor working conditions.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 10:54 pm

BYND

Beyond Meat's executive stated that despite initial promise, their programs did not scale well at retail and failed to increase new category users as desired.

Portfolio Pulse from Charles Gross

August 07, 2023 | 9:34 pm

SPLP

Steel Partners Holdings L.P. (NYSE:SPLP) has appointed Ryan O'Herrin as its new Chief Financial Officer. O'Herrin, who has over 20 years of experience in finance across multiple industries, will replace Jason Wong, who has resigned to pursue other opportunities. O'Herrin will report directly to Warren Lichtenstein, Executive Chairman of Steel Partners.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 8:59 pm

DENN

NCMI

NXST

National CineMedia, LLC (NCM) has successfully completed its financial restructuring process and emerged from Chapter 11. The company eliminated approximately $1.2 billion of debt, substantially strengthening its capital structure. NCM also entered into a $55 million exit financing facility. The company announced new members to its Board of Directors, bringing extensive experience in advertising, finance, media, technology, and digital. NCM, Inc. (NASDAQ:NCMI) will continue to serve as the manager of NCM LLC, retaining a 13.8% stake in the reorganized company.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 8:29 pm

KMPR

Kemper Corporation (NYSE:KMPR) is exiting the preferred home and auto insurance market, which is sold through its Kemper Personal Insurance brand. The decision was made after a strategic review and will allow the company to release capital and increase resources for its core specialty auto and life businesses. This move does not impact Kemper's specialty auto business, Kemper Auto, and its life business, Kemper Life.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:09 pm

RNG

RingCentral, Inc. (RNG) has announced that Tarek Robbiati will assume the role of CEO. The company has not provided further details about the transition.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:05 pm

NEE

NUE

Nucor Corporation (NYSE:NUE) has signed a Power Purchase Agreement (PPA) for 250 megawatts of renewable energy from Sebree Solar, a subsidiary of NextEra Energy Resources (NYSE:NEE). The project, located in Kentucky, will have a capacity of up to 400 megawatts and is set to begin construction in Fall 2023. The steel for the project will be sourced from Nucor Steel Gallatin. The agreement advances Nucor's sustainability strategy and complements a wind-powered PPA that Nucor entered into in 2021.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 7:52 pm

AAL

A pre-flight address by an American Airlines Group Inc (NASDAQ:AAL) pilot has gone viral, with the pilot calling out passengers for their behavior. The incident has sparked debate about leadership and respect in challenging environments. The FAA recorded 6,000 reports of unruly passengers in 2021, a significant increase from less than 1,000 in previous years.

Portfolio Pulse from AJ Fabino

August 07, 2023 | 7:01 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading lower after the company announced a CFO transition. Zachary Kirkhorn, who served as CFO for the last four years, stepped down from his role. Vaibhav Taneja, Tesla's chief accounting officer since March 2019, has been appointed as the new CFO. Kirkhorn will continue to serve Tesla through the end of the year to support a smooth transition.

Portfolio Pulse from Adam Eckert

August 07, 2023 | 2:08 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP), a developer of autonomous security robots and blue light emergency communication systems, announced its Second Quarter Town Hall Update will be held on Monday, August 14, 2023. The company will share current events and 2023 financial highlights following the filing of its 10-Q update with the U.S. Securities and Exchange Commission. The event will include a pre-recorded video update on Q2 2023 performance metrics and a live Q&A session.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 2:04 pm