Streetbeat News

Corporate Responsibility

FTNT

Fortinet has joined the International Telecommunication Union (ITU) to advance global cybersecurity skills development. This partnership aims to address the global cybersecurity skills gap and build a robust workforce capable of dealing with emerging cyber threats.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 1:15 pm

DISCA

VIAC

Warner Bros. Discovery is restructuring its advertising-sales team to better meet the demands of a rapidly changing market. The new structure will allow individual media buying agencies to have a direct contact who can help them secure inventory across the company’s media portfolio. New teams will be led by Marybeth Strobel and Greg Regis and will be responsible for sales across the company’s portfolio. The model is similar to one employed by Paramount Global earlier this year.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:13 pm

RSG

Republic Services and Ravago are partnering to create Blue Polymers, LLC, a new venture aimed at advancing sustainable packaging solutions. This partnership is a step forward in enabling greater plastics circularity.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 1:11 pm

BX

DIS

NKE

Disney (DIS) stock is trading higher amid reports of the company engaging former executives Kevin Mayer and Tom Staggs as advisors to CEO Bob Iger to deal with legacy television businesses, including ESPN. Mayer and Staggs, who now run Candle, a media group backed by Blackstone Inc (BX), will also work with ESPN president Jimmy Pitaro to explore strategic options for the sports channel. The Disney board has appointed a four-person committee, led by Mark Parker, the former Nike, Inc (NKE) chief and current chair of Disney's board, to find Iger's successor.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 1:09 pm

RKT

Rocket Companies (NYSE: RKT) has appointed Varun Krishna as its new CEO, effective from September 5, 2023. Krishna, who has over 20 years of experience in fintech, will succeed Bill Emerson, the interim CEO. Krishna previously served as Executive Vice President and General Manager, Consumer Group of Intuit, Inc. and Senior Director of Product at PayPal. Bob Walters, the current CEO of Rocket Mortgage and President and COO of Rocket Companies, will retire on the same day.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 1:04 pm

ISIG

Insignia Systems, Inc. (NASDAQ:ISIG) has announced that its shareholders have approved the sale of its in-store marketing business to Park Printing, Inc. The sale is expected to close on August 3, 2023. Following the sale, Insignia Systems will focus on building a non-bank lending platform. The company's President and CEO, Kristine Glancy, will depart from the company at the end of August 2023.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:02 pm

POWW

AMMO, Inc.'s new CEO, Jared Smith, has issued a letter to shareholders outlining the company's future plans. These include a commitment to greater transparency and alignment of management compensation with profitability, expansion of GunBroker.com's reach and services, and enhancing margins and brand strength for the AMMO division. The company also plans to strengthen its balance sheet through divestitures, strategic acquisitions, and stock buybacks.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:36 pm

SCBFF

Standard Chartered PLC (OTC:SCBFF) has signed a pact with China's Ant Group to deepen their partnership in green and inclusive finance, global fund management, and sustainable development. The companies will address environmental issues of climate change and ocean protection. Standard Chartered will support Ant Group in building a global liquidity and foreign exchange management structure and strengthen its collaboration in ESG, digital innovation, and inclusive finance.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2023 | 12:32 pm

UAMY

United States Antimony Corporation (USAC) (NYSE:UAMY) has appointed Richard R. Isaak as its new Senior Vice President and Chief Financial Officer. Isaak, who has extensive experience in public accounting and industry, succeeds Kelly J. Stopher. Stopher will remain as a consultant during the transition period.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:03 pm

JBHT

NKLA

J.B. Hunt Transport Services Inc. (NASDAQ:JBHT) has agreed to purchase 13 zero-emission Class 8 trucks from Nikola Corporation (NASDAQ:NKLA). This move is part of J.B. Hunt's sustainability efforts and aims to reduce its carbon emissions.

Portfolio Pulse from Charles Gross

July 31, 2023 | 11:52 am