Streetbeat News

Corporate Responsibility

WBA

Warner Bros. Discovery is in talks to sell its film and TV music publishing assets for $500 million, as the company seeks to streamline its operations.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:30 pm

SAH

Sonic Automotive (SAH) has suspended operations at eight EchoPark locations and related delivery/buy centers indefinitely. The company expects to record a one-time charge of $60-$80 million in Q2 2023, with $3-$5 million in cash.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:26 pm

LEG

Leggett & Platt has appointed Benjamin Burns as Executive Vice President and CFO, effective June 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:12 pm

O

Realty Income Corporation (NYSE: O) announces the transition of its CFO and Treasurer roles from Christie Kelly to Jonathan Pong, currently the company's Head of Corporate Finance, effective January 1, 2024. The decision follows a planned succession process as Ms. Kelly retires at the end of the year.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:09 pm

UBER

Sophia Celentano, a 21-year-old intern, saves thousands of dollars by flying to her workplace in New Jersey once a week from her home in South Carolina. She spends around $100 per week on flights and $100 per week on Uber rides.

Portfolio Pulse from Adam Eckert

June 22, 2023 | 7:45 pm

CP

CSX

CPKC and CSX have announced a planned collaboration to develop additional hydrogen locomotives, aiming to reduce greenhouse gas emissions and improve fuel efficiency.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 6:01 pm

DIS

SPY

Geoff Morrell, former Disney executive, has been hired by the Saudi Public Investment Fund to assist with media relations for LIV Golf's partnership with the PGA Tour. Morrell's role will involve providing communications and stakeholder consulting services.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:49 pm

AMZN

Amazon Cloud CEO stated that generative AI will be a significant tailwind for its business during the Bloomberg Summit. This technology is expected to drive growth and innovation for Amazon Web Services (AWS).

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:43 pm