Streetbeat News

Corporate Responsibility

OLO

Olo, a cloud-based e-commerce platform, is reducing its workforce by approximately 11%, resulting in charges of $7.5M to $10.0M.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:14 pm

CEG

CVS

CVS Health has entered a 12-year agreement with Constellation to purchase zero-emission, renewable energy equivalent to the annual electricity use of its 147 locations in Michigan. The deal supports the development of 18 megawatts of new solar energy and helps CVS Health reduce its carbon footprint by nearly 17,000 metric tons each year.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:04 pm

HQY

HealthEquity has announced James Lucania as the new Executive Vice President and CFO, succeeding Tyson Murdock effective September after filing the Q2 report.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:03 pm

HQY

HealthEquity (HQY) has appointed James Lucania as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:03 pm

VLKAF

Volkswagen announces its aim to become more efficient and profitable, targeting a 6.5% return on sales to safeguard future investments and employment.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 12:21 pm

AAPL

Apple plans to invest an additional $25 million in venture capital to support minority businesses through its Racial Equity and Justice Initiative (REJI) program. The funds will be allocated to Collab Capital, Harlem Capital, and VamosVentures. This brings Apple's total commitment to $50 million in venture capital support and over $100 million in overall financing for diverse businesses and financial institutions.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2023 | 12:19 pm

SPRO

Spero Therapeutics (NASDAQ:SPRO) has announced that its current CFO, Sath Shukla, will become President and CEO, effective August 1, 2023. Current CEO Ankit Mahadevia will become Chairman of the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 12:11 pm

VSAT

Viasat announces the retirement of Vice Chairman Rick Baldridge, effective June 30, 2023. Baldridge will remain a member of the Board of Directors. The decision follows Viasat's successful acquisition of Inmarsat.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 12:04 pm

TSLA

Tesla CEO Elon Musk criticized ESG ratings, calling them 'the devil' and a 'moral cloak to hide bad behavior.' He responded to a Twitter thread highlighting that tobacco companies have higher ESG ratings than Tesla. In May 2022, Tesla lost its spot on the S&P 500 ESG Index, which Musk called a 'scam' and a 'clear case of wacktivism.'

Portfolio Pulse from Anan Ashraf

June 14, 2023 | 11:52 am