Streetbeat News

Corporate Responsibility

SPSC

SPS Commerce announced that its President and COO, Jim Frome, plans to retire in December 2024.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:09 pm

SPSC

SPS Commerce has announced the appointment of Chad Collins as its new CEO, effective from October 2, 2023. He will succeed the current CEO Archie Black, who will retire on October 1, 2023, and transition to the role of Executive Chair of the Board.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:07 pm

DIS

According to sources close to Disney, CEO Bob Iger is likely to seek a contract extension beyond his current one, which is set to expire in December 2024. This comes as the company faces challenges in finding a successor.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 7:38 pm

NB

STLA

Stellantis NV (STLA) and NioCorp Developments Ltd (NB) have signed a Rare Earth Offtake Term Sheet to enter into a definitive rare earth supply agreement. This move supports Stellantis' commitment to build resilient supply chains and reach carbon net zero by 2038. The collaboration will also boost NioCorp's path to commercial production of magnetic rare earth oxides in the U.S. The term sheet also anticipates a possible strategic investment by Stellantis in NioCorp's Elk Creek critical minerals project.

Portfolio Pulse from Shivani Kumaresan

July 06, 2023 | 5:34 pm

AMZN

Amazon has suspended dozens of small businesses for allegedly selling stolen goods from home appliance brands. The sellers claim they did not know they were selling stolen products and Amazon has provided limited evidence to back up its claims. Amazon's marketplace of independent sellers accounts for over 60% of goods sold on the platform. The crackdown on stolen goods followed complaints from retailers, lawmakers, and trade groups.

Portfolio Pulse from Anusuya Lahiri

July 06, 2023 | 4:08 pm

CGC

Shares of Canopy Growth Corporation (NASDAQ:CGC) are trading lower following a brief rally earlier in the week. The company recently completed a series of balance sheet actions aimed at reducing costs and increasing profitability. However, the stock is nearing its current 52-week low of $0.384. Canopy also announced its participation in the Opal Group's Family Office & Private Wealth Management Forum 2023.

Portfolio Pulse from Erica Kollmann

July 06, 2023 | 3:51 pm

NB

STLA

Stellantis and NioCorp have signed a Rare Earth Offtake Term Sheet, aiming to enter into a definitive rare earth supply agreement. This is in support of Stellantis' commitment to reach carbon net zero by 2038 and to accelerate NioCorp's path to commercial production of magnetic rare earth oxides in the U.S. The term sheet also envisions a possible strategic investment by Stellantis in NioCorp's Elk Creek Critical Minerals Project.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 3:33 pm

UL

Unilever, the parent company of Ben & Jerry's, has lost approximately $2.5 billion in market cap following calls to boycott the ice cream maker due to a controversial tweet. The tweet, posted on July 4, criticized the US for existing on 'stolen Indigenous land.' Unilever's stock price has fallen to around $51 from $52.28. Unilever was also criticized for continuing to sell its products in Russia despite calls to exit the country over its invasion of Ukraine.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 3:04 pm

META

TWTR

Twitter co-founder Jack Dorsey has expressed his wish for social media platforms to adopt decentralized protocols like Nostr. He hopes that Twitter will adopt the protocol before Meta Platforms Inc.'s newly-launched app Threads. Dorsey has criticized Threads' privacy-invading policy and believes that using the Nostr protocol would help preserve user privacy. Threads has announced that future versions of the app will be compatible with the 'fediverse' protocol.

Portfolio Pulse from Rounak Jain

July 06, 2023 | 1:41 pm

LDOS

Leidos Holdings Inc plans to establish a new security systems manufacturing facility in North Charleston, South Carolina. The company will invest $31.7 million in the new facility, creating up to 170 new jobs in the region over time. This will be the company's third security systems manufacturing location in the U.S. The new facility will boost the company's capacity to support its customer base.

Portfolio Pulse from Shivani Kumaresan

July 06, 2023 | 1:35 pm