Streetbeat News

Corporate Responsibility

META

WhatsApp, a service owned by Meta Platforms Inc., is reportedly experiencing issues, according to user reports on Downdetector.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:27 pm

KFY

Korn Ferry has appointed Jeanne Macdonald as CEO of Recruitment Process Outsourcing (RPO) and Mathias Herzog will assume leadership of the firm's digital solution.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:19 pm

IBM

IBM's Chairman and CEO, Arvind Krishna, has stated that the company continues to respond to the needs of its clients who are seeking trusted, enterprise AI solutions.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 8:10 pm

CCK

Crown Holdings has expanded its Aluminium Stewardship Initiative (ASI) certifications to the Asia Pacific region, with the latest credentials in Thailand. This brings the company's total ASI certified plants to 12, highlighting Crown's commitment to responsible material sourcing.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 6:24 pm

MCD

Strive, representing McDonald's shareholders, has expressed concerns over the company's diversity policies, which it deems potentially illegal and value-destroying. Strive highlights the legal and business risks associated with McDonald's adoption of race- and gender-based targets, and the potential lawsuits and regulatory actions that could follow. It also points out the financial risks, as studies show that hiring based on race and sex rather than merit does not improve financial performance. Strive urges McDonald's to rescind its diversity targets and commit to merit-based decision-making.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 6:03 pm

T

AT&T has addressed concerns about lead exposure, asserting that it has maintained a safe working environment for decades. The company clarified that less than 10% of its footprint is lead-sheathed, and a small minority will need to be removed. The cost of removal is not expected to exceed $20k per mile, with the total exposure estimated to be between $2 billion and $20 billion. The company's shares traded higher by 8.36% following the announcement. However, AT&T has been downgraded to Hold from Buy by Argus analyst Joseph Bonner due to potential environmental risks.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 5:47 pm

EA

NTDOY

Electronic Arts (EA) has introduced gender-inclusive gameplay in 'FC 24', allowing male and female soccer players to compete on equal terms. The move has been criticized by some FIFA fans, but EA believes it can promote women's soccer and unite fans. EA has also implemented new tech to combat online toxic behavior. 'FC 24' will launch on Sept. 29 for various platforms, including the Switch from Nintendo (NTDOY).

Portfolio Pulse from Franca Quarneti

July 19, 2023 | 5:25 pm

MCD

Strive Asset Management, co-founded by Vivek Ramaswamy, has purchased just under $2 million worth of McDonald's shares and is expressing concerns over the company's diversity policies. This stake is a small fraction of McDonald's nearly $215 billion market capitalization.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 4:36 pm

BUD

DIS

In-N-Out, the California-based fast-food chain, will ban employees from wearing masks in five of its seven operational states starting August 14. The policy is being implemented to promote more effective communication. Employees in California and Oregon can continue to wear masks if they choose. The move could be a sign of how companies may cater to the political beliefs of their customers in different areas. Companies like Walt Disney Co and Anheuser-Busch Inbev have seen the effects of backlash from their customers over social and political issues.

Portfolio Pulse from Aaron Bry

July 19, 2023 | 4:32 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is offering free tools to detect cyberattacks following a significant security breach linked to Chinese hackers. The company faced criticism for its tiered payment system after the cyber-espionage campaign infiltrated Microsoft's cloud-based email system and compromised several organizations globally. From September, Microsoft will make 31 critical security logs available for free to licensees of its lower-cost cloud services and increase the retention duration for security logs from 90 to 180 days.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 4:06 pm