Streetbeat News

Corporate Responsibility

DXC

DXC Technology has appointed Andy Makridis, former CIA COO, as an advisor for the public sector, highlighting the company's focus on innovation and client outcomes.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:32 pm

CRAK

IEO

PSX

Phillips 66 (NYSE:PSX) faces a $604.9 million jury verdict for misappropriating trade secrets from Propel Fuels. The company plans to cease operations at its Los Angeles refinery by Q4 2025, affecting 900 workers. PSX stock has gained 16% over the past year.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2024 | 12:21 pm

TSLA

Tesla has promoted several key executives, including Omead Afshar, Ashok Elluswamy, Milan Kovac, and Wes Morrill, as part of a leadership shuffle. These changes come after a series of layoffs and departures of senior executives earlier this year.

Portfolio Pulse from Anan Ashraf

October 17, 2024 | 12:15 pm

HYFM

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) announced a leadership transition plan. Bill Toler will retire as CEO and become Executive Chairman on January 1, 2025. John Lindeman will be promoted to CEO, with other key executive promotions also taking place.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:09 pm

HYFM

Hydrofarm Holdings Group has announced the promotion of Kevin O'Brien to the position of Chief Financial Officer (CFO). This leadership change could influence the company's financial strategies and operations.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:04 pm

PCG

Pacific Gas and Electric (PCG) has issued advanced notifications to customers in specific areas about potential proactive power shutoffs. This measure is in response to forecasted strong northerly winds and dry vegetation conditions, aiming to reduce wildfire risk.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:46 am

DPZ

Domino's Pizza has announced the promotion of Kate Trumbull to Executive Vice President, Chief Marketing Officer, effective November 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:36 am

PPG

PPG Industries plans a cost reduction program with expected annualized pre-tax savings of $175 million, impacting about 1,800 positions mainly in Europe and the US. The program follows agreements to sell certain business units and includes facility closures.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:08 am

SAGE

Sage Therapeutics is reorganizing its business operations to support the launch of Zurzuvae for postpartum depression and focus on pipeline development for Dalzanemdor in Huntington's disease. The reorganization includes a workforce reduction of about 33%, impacting over 165 employees, and is expected to be completed by the end of Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:06 am

META

Meta Platforms Inc. has confirmed layoffs across Instagram, WhatsApp, and Reality Labs as part of a strategic resource reallocation. This move aligns with Meta's 'Year of Efficiency' initiative, aiming for more efficient operations. The layoffs come amid ongoing lawsuits and past workforce reductions.

Portfolio Pulse from Ananya Gairola

October 17, 2024 | 10:17 am